Stock News

Thorntons share price down, loses a third of its value after profit warning

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 more

Comcast Corp.’s share price down, the $45-billion merger with Time Warner Cable once again delayed

The proposed $45-billion merger of Comcast Corp. with Time Warner Cable Inc. has once again been delayed. This time the postponement of the deal occurred, as Time Warner Cable failed to provide the Federal Communications Commission with the required documents on time. A spokesperson of Comcast, Sena Fitzmaurice, said in an e-mailed comment on the […] Read more

Telstra share price down, to buy Asia’s Pacnet

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 more

Alstom SA’s share price down, agrees to pay a record settlement of $772 million to resolve criminal charges over bribery scheme

Alstom SA pleaded guilty and agreed to pay a total of $772 million in order to end an investigation carried out by the U.S. Justice Department over a “widespread” bribery scheme to win energy contracts in Indonesia and the Middle East. The Chief Executive Officer of Alstom, Patrick Kron, said in a statement, cited by […] Read more

NK Rosneft’ OAO’s share price down, announces a $7-billion repayment in debt for TNK-BP bridge loan

NK Rosneft’ OAO reported that a total of $7 billion in debt was repaid. The company also said it is generating enough profit in order to meet its obligations related to the $55-billion purchase of TNK-BP in 2013. Rosneft claimed its ambitions to become the biggest traded oil producer worldwide. A total of $25 billion […] Read more

Bang & Olufsen share price down, issues profit warning on rollout delays

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 more

Kingfisher share price up, agrees to sell controlling stake in B&Q China business

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 more

Fosun International Ltd’s share price up, posts a larger bid for Club Meditarranee SA to beat Andrea Bonomi

Fosun International Ltd revealed that it made another offer for Club Meditarranee SA, which extended the deadlock between the parties. The step also emphasized on the China-based conglomerate’s determination to win the long-lasting takeover battle for the French resort company. According to the announcement, the bid is made in collaboration with some partners of Fosun […] Read more

Transfield share price down, Ferrovial drops takeover approach

Transfield Services Ltd fell nearly 18% in Sydney after the Spanish infrastructure group Ferrovial announced it has ceased negotiations with the Australian outsourcing and infrastructure services company. In its latest attempt for a takeover, Ferrovial offered a sweetened A$2 per share for Transfield. However, the board of the Australian company said the price “still does […] Read more

Nissan Motor Co. Ltd’s share price up, to increase vehicle prices in Russia and boost Japan exports due to weaker yen

Nissan Motor Co. Ltd, having the largest market share in Russia together with its partners Renault SA and OAO AvtoVAZ, announced that it has decided to stop taking orders for some of its vehicle models in the country. In addition, the company revealed that it intends to continue increasing the prices in case that the […] Read more