Global Banking News-October 6, 2016--Bank Hapoalim issues earnings warning
Shares in the Perth-based business tumbled by as much as 14% after the earnings warning
, despite Stagecoach assuring that it expects the impact on its business to be shortlived.
This is the company's second earnings warning
this year, following a third quarter shortfall due to constrained manufacturing capacity (see IBO 11/30/05).
Strong US inflation and an earnings warning
from Wal-Mart this week gave traders a signal that record high oil prices were taking an economic toll.
Last month Colgate issued its first formal earnings warning
in almost a decade, citing higher costs as part of the cause.
8 million combined with higher-than-normal expenses, which were reported in the company's December 16 earnings warning
The results follow an earnings warning
earlier this month.
Tech stock Logica was also back under pressure, falling 17p to 227 1 /2p, as the fallout from its earnings warning
earlier this month continued.
25p to 250p as dealers speculated that the group's comments to a government Select Committee this week about BT's one-time monopoly were setting the scene for an impending earnings warning
Brown, said he was not surprised by the earnings warning
A media darling since the original iMac was released, Apple's shares have taken a tumble with news of shortages of the consumer portable iBook and business desktop G4, coupled with an earnings warning
for the fourth quarter, due to be reported on October 13, and ongoing concerns about the impact of the Taiwan earthquake on the PC manufacturing supply chain.
The AMEX Securities Broker/Dealer Index (XBD) is down almost four percent this morning, pulled lower not only by the drop in online brokers, but also Legg Mason's (LM) earnings warning