Hints and tips:
...Within its wholesale segment, CarMax noted a depreciation per vehicle of $2,500. That drop was so fast it resembled falls in 2008-09....
...Further to that, Saad argues, the American consumer is once again looking somewhat healthy. It might take the more than a note to convince investors, however....
...In August it said it was aiming for wholesale revenues to reach £700m by the end of next year, and £1bn over time....
...Costco was among the biggest decliners on the S&P 500 after the membership-based US wholesale retailer reported disappointing first-quarter results and said growth in its membership fees income had slowed...
...The tentative tone sees buyers target government bonds, pushing US and German 10-year yields down 1 basis point apiece to 1.71 per cent and 0.09 per cent, respectively....
...The Washington-based company said profits fell 3.2 per cent to $480m or $1.09 a share, while net sales fell 1.3 per cent to $26.7bn from the year ago period, missing analysts’ estimates....
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...Flybe, whose chief executive Saad Hammad has been slashing jobs and cutting costs as he strives to turn the loss-making airline around, has said it could cost up to GBP80m over four years to remove a set...
...Ensco fell 2.1 per cent to $50.52 and Diamond Offshore Drilling fell 1 per cent to $47.09. The S&P oil and gas drilling index fell 1 per cent to 486.66....
...The S&P 500 fell 2.09 per cent to 1,833.09 while the Dow Jones Industrial Average declined 1.62 per cent to close at 16,170.22....
...Its shares declined 2.09 per cent to $148.81....
...But data from energy regulator Ofgem show wholesale prices have been almost flat over the past year, rising by a mere 1.7 per cent....
...And the wholesale division – particularly in fixed-income sales and trading – may continue to make gains at the expense of US and European rivals determined to shrink their balance sheets....
...-15.27 (-0.11%) at 14,083 Topix up +1.24 (+0.11%) at 1,173 Hang Seng down -388.98 (-1.88%) at 20,270 US markets S&P 500 down -0.88 (-0.05%) at 1,614 DJIA down -42.55 (-0.28%) at 14,932 Nasdaq down -1.09...
...Fresh US economic data showed that wholesale prices registered their largest fall in three years last month and industrial production declined by the most in eight months....
...The Fed responded by defending the “targeted adjustments” for foreign banks, saying they stemmed from those banks having had “significantly greater reliance on potentially unstable, short-term wholesale...
...Shares in the maker of the iPad and iPhone closed 1.4 per cent higher to $546.09 on heavy volume after having dropped to as low as $518.63 in early morning trading....
...Wholesale electricity has faced tougher scrutiny by Washington since the Californian energy crisis of 2000-01, when Enron and other traders were accused of rigging supplies and causing huge blackouts....
...The shares rose 3.7 per cent to $44.09. Sales at Limited Brands, the parent company of Victoria’s Secret, also beat analyst estimates and the shares rose 4.5 per cent to $46.12....
...The S&P 500 fell as much as 0.7 per cent before paring losses to close 0.2 per cent lower at 1,355.09....
...The wholesale price of $1.19 per pound compares with $1.09 this time last year and 87 cents in 2009....
...Although spending has not collapsed, the US is entering the biggest shopping period of the year with consumer confidence plumbing depths last visited in the 2008-09 recession....
...Financial shares gained ground on easing European concerns with Nomura up 4 per cent in spite of the resignation of Jesse Bhattal, head of wholesale banking. Daiwa Securities rose 2 per cent....
...Better than expected US housing starts for November helped push Wolseley , the plumbers’ merchant, up 3.8 per cent to £20.09....
...Lloyds Banking Group fell 7 per cent to 23½p after the chief executive designate of its wholesale division, Nathan Bostock, changed his mind about the job....
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