Stock News

Amazon share price down, changes tax policy in Europe as investigations continue

Amazon.com Inc has begun booking revenues in individual European countries for tax purposes, instead of channeling them through low-tax Luxembourg, the Wall Street Journal reported, following extensive criticism and intense scrutiny by EU authorities. The change came into force on May 1st, a company spokesman said, cited by the Wall Street Journal. A May 22nd […] Read more

Richemont share price down, April sales slide on Forex volatility

Compagnie Financiere Richemont SA said sales unexpectedly tumbled in April as retailers delayed orders ahead of price cuts in markets tied to the US dollar, while full-year net profit fell by more than a third due to downbeat performance and losses on non-cash investments. The owner of the Cartier, Piaget and Montblanc brands said sales, […] Read more

Lenovo share price up, misses profit forecast, delivers record revenue

Lenovo Group Ltd, the worlds biggest PC maker by sales volume, posted a disappointing fourth-quarter profit on Thursday, although full-year performance was only slightly below projections, as the company completed two major acquisitions. The Chinese computer maker announced that net profit for the fourth fiscal quarter ended March 31st tumbled 36.7% to $100 million from […] Read more

Altice shares soar, acquires Suddenlink to enter US cable market

French telecommunications group Altice SA announced on Wednesday it has agreed to purchase a controlling stake in US cable company Suddenlink Communications, giving it a foothold in one of the worlds largest and fastest-growing communications markets. Altice said it will acquire 70% of the share capital in Suddenlink from its shareholders BC Partners, CPP Investment […] Read more

Vodafone share price down, returns to quarterly sales growth but full-year revenue still down

Vodafone Group Plc, the worlds second-biggest mobile operator, reported on Tuesday its first quarterly rise in service revenue in nearly three years, but full-year performance continued to show a pattern of declining sales in Europe. The British telecoms group said organic service revenue rose 0.1% in the fourth fiscal quarter ended March 31st as more […] Read more

Thorntons Plc share price down, CEO Hart to step down in June

Troubled British chocolate maker Thorntons announced on Monday the resignation of Chief Executive Officer Jonathan Hart after months of declining sales and execution issues. The Derbyshire-based company said Mr. Hart would leave on June 27th and current Chief Operating Officer Barry Bloomer will assume the role of interim CEO until a replacement is found. During […] Read more

SABMiller Plc share price up, acquires UK craft brewer Meantime

SABMiller, the worlds second-biggest brewing company, announced on Friday it is gaining a foothold into the fast growing British craft beer market by acquiring Meantime Brewing Company for an undisclosed sum. The global beer giant said it plans to boost the craft brewerys sales and explore export opportunities in its European markets under the continued […] Read more

Honda share price steady, recalls 4.9 million cars over Takata air bags

Honda Motor Co joined on Thursday fellow Japanese carmakers Toyota Motor Corp and Nissan Motor Co in the latest round of air bag related recalls, announcing it will pull back 4.9 million vehicles with potentially faulty air bag inflators. Honda, Takatas biggest customer, said its latest recall involves popular models such as the Accord, CRV, […] Read more

Toyota share price down, expands Takata-related recalls by 5 million

Japanese carmaker Toyota Motor Corp announced on Wednesday it will recall just under 5 million vehicles due to risk of moisture intrusion on certain types of air bags produced by Takata Corp. The worlds biggest auto manufacturer said it will initiate both a new recall and expand the production period of existing recalls, withdrawing approximately […] Read more

EasyJet share price tumbles, warns of impact on second-half results

British low-cost airline easyJet Plc swung to a profit in the first fiscal half for the first time since 2002 but shares of the company tumbled as it warned of the negative impact a French strike in April would have on full-year performance. Europes second-biggest budget airline reported that total revenue for the six months […] Read more