February 11, 2015 1:13 pm
British microchip designer ARM Holdings reported double-digit growth in sales and profit for the full-year, boosted by strong demand for Apples iPhone 6. On Wednesday the Cambridge, England-based company reported a 2014 revenue of £795 million ($1.29 billion), up 16% compared to the previous 12-month period. Profit before tax climbed 13% to £411 million, or […]
Read moreFebruary 11, 2015 10:49 am
Heineken NV projected slower sales and earnings growth for this year, after strong demand for its high-margin products boosted results in 2014, prompting the company to lift its dividend. The worlds third-largest brewer said sales and profit will continue to expand in 2015, despite difficult trading conditions in developing markets and severe price competition elsewhere. […]
Read moreFebruary 11, 2015 10:39 am
Yesterday’s trade saw USD/JPY within the range of 118.37-119.63. The daily high has also been the highest level since January 9th, when a high of 119.91 was recorded. The pair closed at 119.43, gaining 0.67% on a daily basis. At 10:28 GMT today USD/JPY was up 0.30% for the day to trade at 119.79. The […]
Read moreFebruary 11, 2015 9:26 am
Glencore Plc announced on Wednesday it intends to divest its 23.9% stake in South African Lonmin, the worlds third largest platinum producer. The miner and commodities trader inherited the stake, worth around $367 million, through its $29-billion acquisition of Anglo-Swiss miner Xstrata in May 2013 and now Glencore plans to distribute the stake to its […]
Read moreFebruary 11, 2015 8:32 am
Gold gained on Wednesday as investors remained cautious amid concerns around Greeces possible exit from the Eurozone and the prospects of an interest rate hike in the US. Comex gold for delivery in April was up 0.46% at $1 237.9 per troy ounce at 08:07 GMT, shifting in a daily range of $1 238.7-$1 233.2. […]
Read moreFebruary 11, 2015 8:14 am
Yesterday’s trade saw EUR/JPY within the range of 133.99-135.34. The daily high has also been the highest level since February 4th, when a high of 135.41 was recorded. The pair closed at 135.21, gaining 0.64% on a daily basis. At 8:08 GMT today EUR/JPY was up 0.29% for the day to trade at 135.59. The […]
Read moreFebruary 11, 2015 7:40 am
Yesterday’s trade saw EUR/GBP within the range of 0.7406-0.7448. The daily low has also been the lowest level since January 26th, when a low of 0.7402 was recorded. The pair closed at 0.7421, losing 0.28% on a daily basis. At 7:38 GMT today EUR/GBP was down 0.02% for the day to trade at 0.7420. The […]
Read moreFebruary 10, 2015 4:04 pm
Coca-Cola Co reported on Tuesday profit above expectations as the worlds biggest beverage company benefited from larger volumes and cost cuts. Net income for the three months ended December 31 stood at $770 million, or $0.17 per share, compared to $1.71 billion, or $0.38 cents a share, a year ago. Excluding some items, per-share earnings […]
Read moreFebruary 10, 2015 2:33 pm
Metro AG reported on Tuesday quarterly results in line with expectations after performance was hit by the sharp decline of the Russian ruble against the euro. Germany’s largest retailer reported a 4.6% decline in its core earnings before interest and tax to €1.02 billion for the three months ended December, or the companys first quarter, […]
Read moreFebruary 10, 2015 1:14 pm
Tesco Plc is showing signs of improvement following the lead of Dave Lewis as sales numbers increased for the first time since January 2014, according to industry data released on Tuesday. Sales at Britains largest supermarket chain climbed 0.3% in the 12 weeks ended February 1 compared to the same period of 2014, said market […]
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