Stock News

EasyJet share price down, announces better-than-expected profit as strike-hit rivals struggle

EasyJet Plc reported an increased full-year pre-tax profit as Europes second largest budget airline benefited from strikes at rival carriers. The British company stated a 21.5% increase in pre-tax profit for the year ended September 30 to £581 million, slightly above the companys projection of £580 million. Revenue for the period increased 6.3% to £4.53 […] Read more

AstraZeneca Plc’ share price down, projects annual revenues of more than $45 billion in nine years

AstraZeneca Plc made an official statement today that it expects its drugs pipeline to generate stable and consistent revenue growth. The U.K.-based pharmaceutical company also stated that its annual revenues are to exceed $45 billion by 2023. The companys Chief Executive Officer, Pascal Soriot, said in a statement, cited by Reuters: “We have more than […] Read more

Blackstone Group LP’s share price up, to sell a Manhattan-located property to Ivanhoe Cambridge Inc. in a $2.25-billion deal

According to people with knowledge of the matter, Blackstone Group LP has managed to reach an agreement to sell a Manhattan office tower to Ivanhoe Cambridge Inc. at the price of $2.25 billion. The people close to the process, who asked not to be identified, because the deal is still not officially announced, reported that […] Read more

SunEdison share price down, agrees to acquire FirstWind and take the top power spot

SunEdison Inc announced it will purchase privately-owned FirstWind, expanding its portfolio types of renewable-energy and turning into the world’s largest developer of wind and solar power. SunEdison said it will share the acquisition with its 64% owned TerraForm Power unit. The parent company will spend $1 billion for obtaining a portfolio of wind power development […] Read more

Samsung Electronics Co.’s share price up, intends to cut its smartphone portfolio by 25% to 30% in 2015

Samsung Electronics Co. revealed that it is to cut the number of smartphone models in its portfolio in 2015. The companys decision is part of its strategy to reduce expenses in order to cope with contracting profit. The South-Korea-based company did not officially reveal the exact number of models, which would be affected by the […] Read more

Honda share price up, delays the release of its fuel-cell vehicle

Honda Motor Co Ltd postponed the launch of its hydrogen fuel-cell car as it deals with increased number of safety recalls. Honda announced it will release its first fuel-cell car on the Japanese market by the end of March 2016. The technology uses hydrogen to power up the car and emits only vapor and heat. […] Read more

Majestic Wine PLC share price down, profit falls on increased investments

Majestic Wine, the British wine warehouse chain, stated a decline in profit for the first half, due to increased competition and higher investment costs. Pre-tax profit fell 10% to £8.5 million compared to last years result. The company explained that the “previously announced investments” to upgrade its distribution network, website and customer database hurt performance, […] Read more

Halliburton Co.’s share price down, to acquire Baker Hughes Inc. in a cash-and-stock deal

The second-largest oilfield services provider in the world, Halliburton Co., reached an agreement to acquire Baker Hughes Inc., which is currently ranked third. The company is trying to take advantage of declining crude prices in order to organize the largest takeover deal in the U.S. energy sector since 2011. The Chief Executive Officer of Halliburton, […] Read more

Reckitt Benckiser share price down, lauches spin-off for pharma division

Reckitt Benckiser Group PLC has launched a plan to spin off its pharmaceutical division and list it on the London Stock Exchange as a stand-alone company under the name of Indivior Plc. Investors will get one share in the new demerged company for every share they own in RB. The spin-off, if approved by shareholders […] Read more