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Rakuten Reports Record Third-Quarter Revenues, up 17.7% YoY

“The firm, which is the parent company of Rakuten Securities, reported a solid quarter, with third-quarter revenue at a record high” writes Celeste Skinner for financemagnates.com. For the first nine months of 2018, Rakuten also reported strong revenue of ¥790.3 billion.For the third quarter of 2018, the company achieved record revenue of ¥278.2 billion ($2.45 billion).Operating income for the sector was down on an annual basis, falling by 9.6 percent to reach ¥16.3 billion.Non-GAAP operating income, on the other hand, fell year-on-year by 9.9 percent in the third quarter to…

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XTB Reports Sharp Drop in Q3 Results, Driven Down by ESMA Regulations

“The total revenues generated from CFDs was PLN 47.3 million in the third quarter (excluding the fine)” writes Celeste Skinner for financemagnates.com. As can be expected this is down on a yearly basis, as Q3 2017 had total revenue of PLN 72.5 million, representing a drop of 33 percent.This is PLN 22.3 million or 80 percent more than the revenues recorded in the third quarter of 2017.During the three months ended September 30, 2018, XTB experienced a drop in contracts for difference (CFD) trading, which resulted in lower figures across…

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Societe Generale Sees Solid Q3 Results, Stable Fixed Income & FX Revenues

“In addition, revenues were also supported by the global banking and investor solutions unit, which reported solid results thanks to a rebound in the global markets” writes Celeste Skinner for financemagnates.com. According to the results, revenue was driven by strong growth in the company’ French retail banking business and international retail banking and financial services operations. Source: financemagnates.com Share This:

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Superdry hopes for cold winter as online sales boost revenues

“Fashion chain Superdry is pinning its hopes on a cold winter to boost its sales of jackets and coats, as lacklustre retail sales in the last six months dragged on its revenues” writes Ben Marlow for telegraph.co.uk. The retailer, famous for its faux-Japanese clothing, said the sale of jackets and jumpers accounts for between 55pc to 60pc of autumn and winter trade and that colder weather conditions would boost sales as the year progresses. Source: telegraph.co.uk Share This:

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Markets News 

Hantec Markets Turns a Profit in FY 2018 on 38% Higher Revenues

“In terms of the aggregated financial results, by the end of June 2018, Hantec Markets put together a strong year-over-year performance relative to 2017 figures” reports financemagnates.com. UK-based Hantec Markets, a foreign exchange (FX) and contracts-for-difference (CFD) broker, has unveiled its financial statement for the fiscal year ending June 30, 2018.Meanwhile, administrative expenses rose slightly year-on-year, even lower in dollar terms despite the strong growth in revenues, coming in at $5.6 million (£4.25 million) relative to $5.82 million (£4.13 million) the year prior.Specifically, Hantec Markets witnessed a notable advance in…

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Hurghada, Sharm El-Sheikh expect to witness 44% and 40% growth in revenues per rooms: Colliers

“They are expected to witness 44% and 40% growth in revenues per available rooms (RevPAR), Colliers International said in its latest MENA Hotels Forecast report released in October 2018” writes Nihal Samir for dailynewsegypt.com. Hotel occupancies in Hurghada and Sharm El-Sheikh continue to grow following the trend of the first three quarters of 2018.The report identifies strong destination marketing and political stability as further factors for the increase in revenues per rooms. Source: dailynewsegypt.com Share This:

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EU tax on tech giants looks set to be delayed in defeat for Emmanuel Macron

“EU tax law requires the unanimous support of all 28 member states” writes James Crisp for telegraph.co.uk. France has offered to delay an EU-wide tax on tech giants in a bid to salvage the levy, which faces fierce opposition from Ireland and the Nordic countries, in an embarrassing setback for Emmanuel Macron in Brussels.As well as Ireland and the Nordic countries, Germany, which fears a tax on revenues could harm its exports, expressed reservations over the levy. On Monday, Le Maire’s German counterpart Olaf Scholz backed a European tax, but…

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Purplebricks sales rocket as sluggish housing market ‘shakes out’ rivals 

“Purplebricks has reasserted its dominant grip on the UK online estate agency market, reporting a 20pc surge in half-year revenues despite a slowdown in the wider sector” writes Jack Torrance for telegraph.co.uk. The Aim-listed company said it had maintained its 74pc share of the online market in an investor update that came after rival Emoov put itself up for sale after running into financial problems last week.Michael Bruce, chief executive, said the sluggish market had led to a “shakeout” in the industry, “highlighting weaknesses in both some traditional and online agents business…

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ExxonMobil returns to form with US shale boom

“ExxonMobil has drawn a line under consecutively disappointingly financial results by revealing its biggest profits in four years due to a boom in US shale production” writes Rob Collins for telegraph.co.uk. Exxon’s revenues gushed up from its US shale business where production in the Permian basin in particular continues to climb. Source: telegraph.co.uk Share This:

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Apple will stop announcing exactly how many iPhones, iPads, and Macs it’s sold — and it comes right after a big miss on iPhone sales

“Apple sold 46.9 million iPhones in the quarter, barely growing 0.4% on the year prior, and well below analysts’ expectations of 48.4 million” writes Rob Price for businessinsider.com. The surprising news comes after Apple failed to hit Wall Street’s expectations for iPhone sales in the most recent quarter, which sent the stock plummeting about 5%. Source: businessinsider.com Share This:

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