Stock News

Qantas Airways Ltd’s share price up, projects to turn back to profit after posting an annual loss of A$2.84 billion

Qantas Airways Ltd, Australias largest carrier, reported a record loss of A$2.84bn (~$2.7bn) for the 12 months ended 30 June 2014, alongside a forecast of profit in the six months through December. “There is no doubt today’s numbers are confronting, but they represent the year that is past,” Alan Joyce, CEO, said. “We have now […] Read more

Fonterra Co-Operative Group Ltd share price up, expands reach in China

The largest dairy exporter in the world – Fonterra Co-Operative Group Ltd revealed in an official statement today that it is to acquire a stake in a Chinese infant formula maker. The deal is estimated to NZ$615 million ($515 million) with a purchase price of 18 yuan ($2.93) per share, equaling about a 20% premium […] Read more

Ryanair Holdings share price up, to introduce business travel offer

Ryanair Holdings, Europes largest discount airline, revealed the latest step in its drive to attract business travelers, announcing the introduction of the “Business Plus” travel plan. The new business-class tickets start from €70 and come with several perks, like unlimited flight changes, fast-track security checks and “premium seating”. A few footnotes pointed, however, that some […] Read more

Balfour Beatty Plc share price down, boosts its public-private partnership valuation by 46% to £1.05 billion

Balfour Beatty Plc, which is currently the largest building company in the U.K., increased the valuation of its public-private partnership projects by 46% to £1.05 billion ($1.7 billion). The head of the infrastructure investments unit of Balfour Beatty – Mr. Ian Rylatt said in the companys statement, which was cited by Bloomberg: “The revaluation ensures […] Read more

Royal Dutch Shell Plc share price down, sells Nigerian assets for $5bn

Royal Dutch Shell Plc, Europe’s largest oil company, has agreed to sell several Nigerian Oil Mining Licenses (OMLs) it co-owns with Total and Eni, as civil strife and theft drive foreign companies away from Africas oldest oil industry. The deals are not yet finalized, though the price of about $5bn was put forward by the […] Read more

Geely Automobile Holdings Ltd share price up, Volvo to launch first new model after 2010 acquisition

Volvo Car Group is to launch its first model since being acquired by the Chinese company Geely Automobile Holdings Ltd from Ford Motor Co. in 2010. At a special event today, the company presented its second-generation XC90 sport-utility car, which will be in showrooms in April, with a limited early series of 1 927 units […] Read more

Royal Bank of Scotland Group Plc share price up, to pay a £14.47-million fine for mortgage misconduct

Royal Bank of Scotland Group Plc was fined £14.47 million ($24 million) by the markets regulator in the U.K. after being charged of giving its customers poor advice on mortgages. The British markets regulator made an official statement today, saying that Royal Bank of Scotland Group Plc was accused in what it called “serious failings […] Read more

Google Inc.’s share price down, to acquire visual-effects startup Zync

Google Inc. is to acquire the cloud-based visual-effects software company Zync Inc., the Mountain View, California-based company said, as cloud computing competition with Amazon.com intensifies. The terms of the deal were not revealed. “Creating amazing special effects requires a skilled team of visual artists and designers, backed by a highly powerful infrastructure to render scenes,” […] Read more

Burger King Worldwide Inc. share price soars, agrees merger with Tim Hortons

Burger King, the second-biggest burger chain in the US, agreed to purchase Tim Hortons, Canada’s largest fast food service, for about $11.4 billion. Both companies shares soared some 20% on Monday, after on Sunday it was made clear the talks were at an advanced stage. Tim Hortons shareholders will receive C$65.50 in cash and 0.8025 […] Read more

Facebook Inc. share price, to crack down on “clickbaits” in its News Feed through two updates

Facebook Inc. shared in a press release on Monday that it will crack down on the “clickbaits” on its News Feed. As “clickbaits” the social network will deem articles shared by people to attract clicks but which contain little other information. As reported by the Wall Street Journal, Facebook Inc. said in its press release […] Read more