Here's a look ahead at what will be making headlines on Tuesday, August 22Read More »
European markets were up Tuesday morning following days of losses, although trading was thin ahead of the Jackson Hole meeting of central bankers later this week. London's FTSE 100 was up 0.62%, or 45 points, to 7,364. plunged more than 55% in the first hour of trading Tuesday, to change hands at 724 pence, after it issued its second profit warning in three months, saying the pre exceptional loss of the division was now "likely to be in the range of between £80 million and £120 million." This prompted CEO Peter Crook to step down with immediate effect.
BHP Billiton plc (BHP) annual profits surged more than five-fold to $6.7 billion for its 2017 financial year boosted by a rebound in the price for coal and iron ore but missed expectations of an even larger increase. BHP said Tuesday, Aug. 22, that earnings per share for the 12 months to the end of June was $1.10, up from a loss of $1.20 a year earlier but down on analysts' consensus expectation of $1.35. Investors were also left disappointed by a hike in the mining company's final dividend, which will triple to $0.43 a share but remain well shy of the average analyst forecast of $0.87 per share. Despite those misses BHP's Australian-listed shares climbed 1.17% to A$26 ($20.65), as investors hailed a deeper than expected cut to debt and an announcement that the company will seek to exit its U.S. onshore oil business.
One study, released two years ago, looked at consumer credit data over 15 years and found that the higher the year-end credit score, the likelier the person was to form a romantic relationship over the next year. Now comes a survey from Discover Financial Services and Match Media Group, parent of Tinder and other dating sites, that shows just how appealing a good credit score can be. Financial responsibility was ranked as a very or extremely important quality in a potential mate by 69 percent of the 2,000 online daters surveyed.