News That Matters

Tag: fall

Space firm in transition as profits fall

Space firm in transition as profits fall

Technology
Perched just off the south-eastern corner of famous "Silicon Roundabout", at the heart of the UK's burgeoning tech start-up scene, you can find the headquarters of a company that is one of the standard-bearers of the UK's space industry.Inmarsat, a FTSE-100 member as recently as two years ago, is a global leader in the field of satellite technology.Its 13 satellites enable thousands of ships to traverse the globe, airlines to provide wi-fi services to their passengers in the air, enables engineers in the oil and gas sector to do work remotely and also helps journalists broadcast from far-away locations.And it's also a major supplier to the US military.At the moment, though, it's fair to say that this is a business going through something of a transition.Full year results on Friday brought ...
Oh Snap! Jenner's tweet sees Snapchat shares fall

Oh Snap! Jenner's tweet sees Snapchat shares fall

Technology
A tweet by Kylie Jenner led to a $ 1.3bn (£930m) fall in the value Snap Inc, the parent company of Snapchat.Shares in the social media company plunged by 6% on Thursday - hours after the reality star asked her 24.5 million Twitter followers: "sooo does anyone else not open Snapchat anymore? Or is it just me..."Jenner's comments came after Snap Inc faced a barrage of criticism over the way a new update has changed Snapchat's user interface.More than 1.2 million people have signed a Change.org petition calling on the company to remove the update.When Wall Street opened on Thursday, Snap Inc was trading at around $ 18.50 (£13.27) a share, but by 2pm it had fallen to just over $ 17 (£12.20) a share.It later rallied to around $ 17.50 (£12.56) a share.Image:A recent redesign of Snapchat has ange
Dow crash on Monday biggest fall in absolute terms, 14th in percentage terms

Dow crash on Monday biggest fall in absolute terms, 14th in percentage terms

Finance
NEW DELHI: The 1,175-point fall in Dow Jones was the biggest fall in the history of the US markets, but only in absolute terms. In percentage terms, Monday's fall only ranked 14 th in the list of biggest falls in history. Here are the 14 biggest falls in Dow Jones. The 4.6 per cent decline on Monday has sent shockwaves across the global financial markets. The Hang Seng index fell 1,309.46 points (down 4 per cent), Nikkei crashed 1071.84 points (down 4.73) and the Sensex is down nearly 1,000 points. The fall is particularly alarming for new investors who started putting money in stocks and equity funds in the past 6-12 months. They had got used to seeing double digit returns on their SIP investments. Analysts say return expectations should be toned down because equity markets co...
Dow Jones hit by worst fall since 2008

Dow Jones hit by worst fall since 2008

Business
The Dow Jones Industrial Average has closed down by 1,175 points in the biggest one day fall since the financial crisis.The leading US stock market index closed down 4.6% at 24,345.75.It is the worst drop in points since September 2008 when a plan to rescue the US banking industry was rejected. The decline extended losses on Friday, when strong wage growth data raised the prospect of accelerated interest rate rises. Monday's sell-off surpassed a 777.68 points drop on the Dow Jones on 29 September 2008 when Congress rebuffed a $ 700bn bank bailout plan following the collapse of US investment bank Lehman Brothers earlier that month.US investors are reacting to small but significant changes in the outlook for the US economy, and what that might mean for the cost of borrowing. On Friday, the U...