Stock News

IAG share price steady, reports rising profit, reaffirms strong outlook

International Consolidated Airlines Group SA (IAG), owner of British Airways and Iberia, posted robust earnings today, with increasing revenues and profit. The company restated a positive profit guidance and announced plans to further restructure Iberia. The company reported revenue of €5.1 billion in the three months to end-June, 6.7% higher than a year ago, as […] Read more

FTSE 100 index edges lower ahead of US jobs data

Britains blue-chip index edged lower on Friday after US equity markets suffered their worst performance in half a year on Thursday ahead of US employment data that may signal an early end to Feds equity-friendly monetary policy. The FTSE 100 index fell by 0.98%, or 65.81 points, to 6 664.30 points by 8:18 GMT, having […] Read more

Société Générale SA share price up, reports increased profit on lower risk costs

Société Générale SA, Frances second-largest bank by market value, opened slightly higher today in Paris, after reporting robust quarterly earnings, showcasing a drop in revenue was offset by sharply lower costs of risk, allowing for a rise in profit. The groups income for the second quarter of 2014 was 3.7% lower on an annual basis […] Read more

BNP Paribas SA share price up, profit hit by record fine

BNP Paribas SA, Frances largest listed bank, posted its second ever quarterly net loss today, reflecting a record US fine, to which BNP agreed earlier this year. The French lender is the latest in a number of banks to report the impact of US justice on their performance. Revenue for the second quarter of 2014 […] Read more

Sony Corp. share price down, reports rising profit on strong PS4 sales

Sony Corp. posted quarterly earnings today, revealing income was significantly boosted by its bestseller PlayStation 4 gaming console. Successful movies also added to revenue, while the company still projected a net loss through years end. Revenue for the three months ended June 30 were logged at ¥1.809 trillion (about $17.74 billion), up 5.8% on an […] Read more

Tesla Motors Inc. share price up, launches joint venture with Panasonic to build battery Gigafactory

Tesla Motors Inc. signed a deal with Panasonic Corp. to start a joint battery venture, in which Tesla will invest up to $2 billion. Panasonic, which is the main supplier of lithium-ion cells for Tesla electric cars and owner of 1.1% share in the American company, did not disclose any financial terms of the deal. […] Read more

FTSE 100 index edges lower amid packed corporate diary

Britains headline index swung between gains and losses on Thursday as investors digested an extensive list of blue-chip earnings reports. Market players also eyed the remaining key economic data for the week from Europe and the United States to assess the global economys recovery prospects. FTSE 100 stood at 6 757.30 points at 9:39 GMT, […] Read more

Samsung Electronics Co Ltd share price down, Q2 smartphone sales hit by stiff competition

Samsung Electronics Co Ltd, the worlds largest smartphone manufacturer, posted Q2 earnings today, revealing a slump in sales and profit for its phone division, dragging the overall performance down, despite a significant improvement for other units. The South Korean giant reported the worst net profit in two years at 6.25 trillion won (about $6.1 billion), […] Read more

Carlyle Group LP share price up, posts soaring income after profitable sales, adds more assets

Carlyle Group LP, the world’s second-largest investment manager, posted Q2 earnings today, to reveal it has doubled income on an annual basis and has gained value in assets, despite big sales. The company logged a net income of $318 million, up 103.84% from a year ago, as a stock market rally allowed for a profitable […] Read more