December 24, 2014 9:50 am
Coca-Cola Co intends to trim its workforce by at least 1 000 to 2 000 employees globally in line with its cost-cutting $3-billion plan announced in October, after the beverage maker posted disappointing results for the third quarter. Under its plan Atlanta-based Coca-Cola will be undertaking its largest employee lay off in 15 years during […]
Read moreDecember 24, 2014 9:25 am
Yesterday’s trade saw USD/JPY within the range of 119.98-120.83. The daily high was the highest level since December 9th. The pair closed at 120.69, gaining 0.52% on a daily basis. At 9:23 GMT today USD/JPY was down 0.22% for the day to trade at 120.43. The pair touched a daily low at 120.28 at 5:45 […]
Read moreDecember 23, 2014 3:39 pm
Walgreen Co, the biggest US drugstore chain by revenue, reported Q1 results above analysts expectations, boosted by cost cuts and robust pharmacy sales. For the first quarter ended November 30, Walgreen stated a 6.7% yearly increase in sales to $19.6 billion, helped by a company record of 222 million filed prescriptions, or 4.3% more compared […]
Read moreDecember 23, 2014 1:36 pm
Thorntons Plc announced on Tuesday that its full-year earnings are expected to decrease compared to last years as the British chocolate maker faces difficulties in its UK commercial channel. The company said it had experienced a “significant reduction” in expected orders from major grocers in the run-up to Christmas. Alfreton, England-based Thorntons, with customers like […]
Read moreDecember 23, 2014 10:55 am
Natural gas gained on Tuesday to end three consecutive days of declines as forecasting agencies projected a colder end to the year. On the New York Mercantile Exchange, natural gas for delivery in January gained 1.59% to $3.194 per million British thermal units by 10:26 GMT, having shifted in a daily range between $3.215 and […]
Read moreDecember 23, 2014 10:38 am
Telstra Corp Ltd agreed to acquire subsea cable operator Pacnet Ltd as Australias largest telecoms company boosts its operations in Asia. The acquisition of Singapore and Hong Kong-based Pacnet outlines revitalized interest in Asia from cash-rich Telstra, which disposed of its Hong Kong mobile business last year. Telstra is one of the few companies which […]
Read moreDecember 23, 2014 8:36 am
Gold edged up on Tuesday, trimming overnight losses, but remained near its latest three-week low as weak oil prices, a robust dollar and rallying global equities capped the precious metals gains. Comex gold for delivery in February gained 0.16% to $1 181.7 per troy ounce by 08:18 GMT, having shifted in a daily range of […]
Read moreDecember 22, 2014 3:51 pm
Denmarks high-quality consumer electronics manufacturer Bang & Olufsen A/S projected lower full-year 2014/2015 earnings due to supply-chain issues. B&O said that ramp-up issues in its production had higher-than-expected negative impact on new product releases, costs and profit margins. It now expects an operating loss for the full-year, compared to its previous guidance of positive earnings […]
Read moreDecember 22, 2014 1:06 pm
Home improvement group Kingfisher Plc announced on Monday it had agreed to sell a controlling 70% stake in its unprofitable B&Q China business for £140 million. The all-cash deal with Wumei Holdings marks the end of a nine-month search for a domestic partner by the UK company. The agreement is subject to regulatory approval by […]
Read moreDecember 22, 2014 11:10 am
Friday’s trade saw EUR/NZD within the range of 1.5738-1.5841. The pair closed at 1.5778, losing 0.30% on a daily basis. At 11:04 GMT today EUR/NZD was up 0.04% for the day to trade at 1.5801. The pair broke the first key daily resistance level and touched a daily high at 1.5862 at 7:55 GMT. Fundamentals […]
Read more
