Plus500 Ltd (LON: PLUS) have seen growth in revenue and earnings in their published third quarter results, the statement alluded to “good revenue growth” and a notable earnings increase. For the quarter ending September 30th, the online contracts-for-differetnt trading service reported revenue of $110.6 million, showing a 10% climb from the $100.1 million figure posted a year before. Notably, there was a significant increase from the second quarter results where revenues increased 18% from the $94.1 million figure in Q2. There was also consumer gains, where revenue per user increased 1.6% to $997 from 2018’s third quarter figure of $981 and a bigger increment of 15% from the second quarter’s $866. EBITDA also increased by 39% year-on-year to $70.1 million whilst Ebitda margin widened to 63% from 50% the year before and 57% in the second quarter. PLUS500 also increased a impressive number of new users, showing an 18% jump to 24,359 from 20,684 the year before. However, this was down 7.1% from the second 2019 quarter’s new customer figure of 26,234. “Inevitably, the transition period after any new regulations is challenging, but as seen in Europe, client trading patterns subsequently have adjusted and stabilised and the board therefore expects to see a similar pattern evolve in Australia,” said Plus 500. The number of active customers, rose 8.7% year-on-year to 110,939 from 102,043, and was up 2.0% from 108,724 in the second quarter. Chief Executive Asaf Elimech commented on the third quarter, saying: “Underlying operational performance and new customer acquisition metrics remain robust. We are confident we can continue to outperform our peer group in terms of customer acquisition, by maintaining the level of highly targeted marketing investment to exploit market opportunities as they appear, with these new customers expected to provide incremental revenues in due course” Elimech concluded “Like all operators in the sector, Plus500’s performance for the remainder of the year is dependent, among other things, on financial market conditions providing sufficient trading opportunities for customers. However, we are encouraged by the continued improvement reported in Q3 and we remain on track to meet expectations for the year as a whole.” Currently, shares of PLUS500 are trading at 835p per share. 29/10/19 11:01BST. In the technology and trading sector there have been updates. Facebook’s (NASDAQ: FB) Libra currency is still facing stiff scrutiny from legislators, the London Stock Exchange (LON: LSE) reported strong third quarter figures and BP’s (LON: BP) Q3 trading results have taken a hit.

Hunting plc (LON: HTG) have issued a warning speculating lower profits, after they have experienced slower onshore drilling operations and lower production rates. In a trading update release on Tuesday morning, the FTSE250 (INDEXFTSE: MCX) listed energy company said that its third-quarter underlying profits had dropped below the $35 million and $42.4 million it had boasted in the first and second quarters respectively. Sales had been reduced due to a slowdown in drilling operations in North America, as this happened the manufacturer of pipeline equipment anticipated US drilling will continue to stagnate, affecting results for the second half of the year. The trading statement said the following “As anticipated, challenging markets continue to be a feature of our industry, negatively impacting trading conditions and results in September. In particular, a slow down within US onshore completions has continued which has been partially countered by ongoing improvements within our offshore and international operations, resulting in a net overall decline for the Group profit in the quarter compared to Q1 and Q2 2019. As a result, the Board anticipates a full year EBITDA result at the lower end of market expectations, given current trading momentum and the overall product mix of results forecast for the balance of the year” With added supply disruptions, volatile oil prices in the last few months have led to loweer investment and budgets being exhausted in exploration and production companies, Hunting added. Weakening sales in its Titan division, which manufactures perforating guns for drilling, was “partially countered” by ongoing improvements in offshore and international operations with a strong quarter for its Electronics business, as demand for downhole measurement tools has remained steady, the group said. Hunting’s net cash, excluding lease liabilities, at the end of the period was $58.5 million.\ Currently, shares of Hunting are trading at 400p per share seeing a 4.67% fall during Tuesday trading. 29/10/19 10:46BST. Elsewhere in Oil and Mining sector updates have been provided. Tower Resources have pursued a new joint venture, Baron Oil (LON: BOIL) have seen their share price dip, Cabot Energy (LON: CAB) shares bounced after strong trading figures and Nostrum Oil and Gas (LON: NOG) have faced supply disruptions similar to Hunting Plc.

Nostrum Oil and Gas PLC (LON: NOG) have cut their annual production guidance, leading to increasing likelihood that nine month revenues will shrink. The Kazakhstan-focused oil & gas firm said revenue for the nine months ended September 30 is likely to exceed $250 million. As no exact figure was provided in their most recent trading statement, this does suggest a drop in revenue from 2018’s $311.4 million nine month revenue. Nine month volume sales decreased to 27,515 barrels of oil equivalent per day from 30,523 barrels the year before, showing a significant slow down in production rates. Additionally, the firm also faced production cuts in liquid petroleum. In this market gas volumes also dropped a less dramatic 5.4% to 3,680 barrels of oil equivalent per day from 3,891 boepd. While dry gas sales volumes fell 1.1% to 14,255 boepd from 14,415 boepd. Following these poor performance figures, Nostrum have decided to cut their production forecast 6.7% to 28,000 boepd from 30,000 boepd. This means that a 3.6% sales fall will be experienced totaling 27,000 boepd versus 28,000 boepd previously. Chief Executive Kai-Uwe Kessel said: “I am pleased to confirm that during October we concluded the 72 hour test of GTU3 and as a result can confirm it is commissioned. I can also report that both Schlumberger and PM Lucas have delivered their analysis of the Biski North East & West and the Tournasian reservoirs to our technical team. We are reviewing the reports and will look to factor them in when determining the 2020 drilling programme and production guidance. Production declined faster than we had anticipated during Q3 resulting in a revision of our full year sales volumes guidance to 27,000 boepd from 28,000 boepd for 2019.” As of September 30th 2019, the companies cash holdings valued higher than $91 million, down from $120.8 million at the end of the first half of the year. Shares in Nostrum Oil and Gas currently trade at 21.53p per share, seeing a 5.02% increase during Tuesday trading. 29/10/19 10:30BST. Elsewhere in Oil and Mining sector updates have been provided. Tower Resources have pursued a new joint venture, Baron Oil (LON: BOIL) have seen their share price dip, Cabot Energy (LON: CAB) shares bounced after strong trading figures.

A quarter of all phones taken to university will be smashed or misplaced by the end of students’ freshers year, new data revealed on Tuesday. The study by Endsleigh Insurance Services involved 2,000 parents of current university students. Additionally, as many as 16% will also lose house keys. Almost one in ten students have already lost their purse or wallet this term and 10% have already lost their phone on a drunken night out. The data shows that, regionally, students who attend universities in London lose the most during their first year, followed by students from Plymouth, Birmingham and Liverpool. Indeed, according to Endsleigh Insurance Services, students attending universities in London lose as much as £1,094 worth of equipment, whilst those from Plymouth lose £835, Birmingham £655 and Liverpool £604. “Anything’s possible when you head off for a new life at university, and it can come as a real shock to young students who have been used to living with their parents for their whole lives,” Julia Alpan, head of marketing at Endsleigh Insurance Services commented on the data. “Whether it’s learning valuable new life skills, looking after finances, or just taking care of personal belongings and valuables, it can take some time to find your feet and adjust to that new-found independence, without the help of mum and dad,” Julia Alpan continued. Julia Alpan said: “For many students, it’s re-assuring to know that parents or relatives are just a phone call away, and always on hand to offer support and guidance when things go wrong – just like a good insurance policy!” Earlier this year it was reported that almost half of adults still rely on their parents for financial support. Indeed, over the last year adults have borrowed a total of £708 from their parents, with university fees included as one of the areas the cash is used to assist.

BP (LON:BP) revealed a hit to its underlying replacement cost profit in its third quarter results on Tuesday. Shares in the British multinational oil and gas company were down during Tuesday morning trading. Underlying replacement cost profit is BP’s definition of net income. The company said that underlying replacement cost profit for the third quarter of the year amounted to $2.3 billion, considerably lower than the $3.8 billion figure recorded a year prior. “The result was impacted by significantly lower Upstream earnings, resulting from lower prices, maintenance and weather impacts,” BP said in its third quarter results. BP added that a divestment-related, non-cash, non-operating after-tax charge of $2.6 billion caused a reported loss of $700 million for the quarter. “BP delivered strong operating cash flow and underlying earnings in a quarter that saw lower oil and gas prices and significant hurricane impacts,” Bob Dudley, Group Chief Executive, commented on the results. “Our focus remains firmly on maintaining financial discipline and delivering safe and reliable operations throughout BP,” the Group Chief Executive continued. Bob Dudley said: “We’re also continuing to advance our strategy, making strong progress with our divestment plans and building exciting new opportunities in fast-growing downstream markets in Asia.” Meanwhile, Chief Financial Officer Brian Gilvary said that “net debt stayed flat in the quarter, though gearing rose slightly following a reduction in equity as a result of divestment-related impairment charges.” “With growing free cash flow and receipt of disposal proceeds, we continue to expect net debt to trend down over time. In addition, the underlying effective tax rate for the quarter was lower than previously indicated, mainly due to higher-than-expected estimated Rosneft earnings and a lower-than-expected impact from the Upstream profit mix,” the Chief Financial Officer continued. Earlier this year in July, the British multinational oil and gas company said that underlying replacement cost profit amounted to $2.8 billion for the second quarter of the year. Shares in BP plc (LON:BP) were trading at -0.90% as of 09:24 GMT Tuesday.

Prologis Inc (NYSE: PLD) are set to buy rival Liberty Properties (NYSE: LPT) in reported a $12.6 billion deal. This deal will allow Prologis to expand its American presence whilst removing a big competitor in the real-estate business sector. When the deal finalizes, shareholders of Liberty Properties will receive 0.675 times a Prologis share for each unit they hold, equating to $61 per share. The deal is expected to be completed in the first quarter of 2020. Prologis, who have a global reputation in this sector said the all stock deal inclusive of debt would allow expansion into U.S. markets such as Pennsylvania’s Lehigh Valley, Chicago, Houston, New Jersey and Southern California. “Liberty’s logistics assets are highly complementary to our U.S. portfolio and this acquisition increases our holdings and growth potential in several key markets,” Prologis Chairman and Chief Executive Officer Hamid Moghadam said. “The joining of these two platforms at this moment, when industrial logistics has become so pivotal to the new economy, will further the industry’s ability to support the nation’s supply chain,” Liberty Chairman and Chief Executive Officer Bill Hankowsky said. Prologis have plans to sell $3.5 billion worth of assets, including $2.8 billion of “non-strategic” logistics properties and $700 million of office properties, the announcement explained. This acquisition is expected to save around around $120 million from administrative costs, operating leverage, lower interest expense and lease adjustments, the companies said. “Liberty’s high-quality logistics real estate will strengthen our portfolio as well as our customer roster,” said Prologis chief investment officer Eugene F. Reilly. “We are also excited about the caliber of talent at Liberty and expect a number of their employees to join us to help manage the portfolio and execute on capital deployment.” Prologis already boast customers such as Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT) and FedEx Corp (NYSE: FDX) and this will expand their American business further. Currently, shares of Prologis are trading at 86.60 USD per share, whilst shares of Liberty trade at 58.31 USD. 28/10/19 15:35BST. In the real estate sector, investors have switched to fixed rate loans. Additionally, Rightmove have said that the Autumn bounce has been snuffed by Brexit and Hunters Property are optimistic about their full year outlook.

Eurasia Mining (LON: EUA) have had their shares surge, allowing them to regain ground after shares slumped on Friday, this follows a statement from the Chairman explaining that the firm was in a strong financial position. Chairman Christian Schaffalitzky said the group’s directors “believe the Company is in a strong financial position going forward. Schaffalitzky added: “With the recent share price increase a number of shareholders have indicated they wish to exercise their warrants and hold these shares long term. We are grateful to them and likewise the Directors have indicated they are holding their 22% in the Company on a long-term basis.” The producer of palladium, platinum, iridium, rhodium and gold in Russia said it has received alerts from holders on Friday that warrants over 16 million ordinary shares had been exercised at 53 pence per share. The total sum of these new released shares amounted to £85,000. Additionally, the company said that cash payments for the sale of metal from the operating West Kytlim mine and metal already delivered, are due before year-end. The chairman concluded: “As the Company prepares for a significant increase in production at the West Kytlim mine next year, the funds from our operations and from the warrants will be used to prepare for mining at the second site and to upgrade our wholly-owned equipment, now that we are no longer using a sub-contractor and enjoy 100% of the margin as opposed to 30-35% previously.” Even though Eurasia remains a young company, with a market cap of just below £46 million, it seems that there is renewed optimism about the firms potential. The rise has caused Eurasia’s shares to be at their highest point within their five year records, showing an appetite for Eurasia shares by investors. Currently, shares of Eurasia Mining are trading at 1.8p per share seeing a monumental 68.73% rise across Monday trading. 28/10/19 15:08BST. In the mining sector, there have been updates to Centamin (LON: CEY) have experienced a output decline, Serabi Gold Plc (LON: SRB) have shown strong production figures in their third quarter and Hochschild Mining (LON: HOC) have given investors reassurance after a questionable trading update.

Mace Macro Ltd have been appointed for facilities management services to fashion giant Superdry (LON: SDRY). The Japanese fashion brand has chosen Macro to oversee its facilities management supply chain under a managing agent contract. The deal covers 15 countries across Europe and the United States, which allows Macro to deliver this service for the first time to such a reputable firm. Additionally, this will give Mace Macro much exposure to deliver future projects of this kind. Macro was selected after they demonstrated the ability to deliver excellent service across the companies entire property portfolio. There was a particular focus on ensuring visibility of information reporting across Superdry’s 225 retail units and 26 offices. Commenting on the contract award, Ross Abbate, Macro’s Global Managing Director, said: “We are delighted to have been chosen as Superdry’s FM contractor. This is a great opportunity for us to demonstrate our capability in the retail sector with a globally recognised client. We are looking forward to supporting Superdry in creating the most efficient operating model and providing consistency, visibility and service excellence across their portfolio.” Sheena Waldron, Head of Retail Support at Superdry plc. added: “We are excited to have Macro providing facilities management services across our property portfolio. We needed a global partner who understands efficiency and can deliver the best operating model for all our properties in Europe and the United States, and Macro have demonstrated that they have the capability to support our operations.” Superdry have been in the news of late after appointing Julian Dunkerton their founder as the new CEO until 2021. However, Julian Dunkerton made a return to the company, causing most of its board members to quit and led to the resigning of many senior officials. After a tough period, where it was announced the Superdry made a loss in July, this move is one of optimism for shareholders. Shares of Superdry are trading at 411.2p per share. 28/10/19 14:31BST. In retail news, there have been updates. TUI (LON: TUI) have revealed their new routes for Summer 2020, Dunelm’s (LON: DNLM) stock price crashed despite revenue increases and Boohoo (LON: BOO) shares increased after their latest acquisition.