Stock News

Mulberry Group Plc’ share price, posts a 46% annual profit decline, plans a series of lower-priced products

The U.K. luxury bag manufacturer Mulberry Group Plc, which is currently operating without a Chief Executive Officer and Creative Director, made an official statement today, posting a second consecutive annual earnings decline due to decreasing third-party sales both at its home market and in the Asian market. Ms. Helen Norris, who is one of the […] Read more

BNP Paribas SA’s share price up, Chief Operating Officer de Courcel to depart amid the bank’s sanctions probe in the U.S.

BNP Paribas SA made an official statement on its website, revealing that it Chief Operating Officer Mr. Georges Chodron de Courcel will leave the company at the end of this month. According to the companys statement, Mr. de Courcel is to step down June 30th at his own request. His decision takes place a few […] Read more

Nintendo Co. Ltd’s share price down, reveals interactive figurines of popular characters to buoy Wii U console’s sales

Nintendo Co. Ltd revealed the first glimpse at interactive figurines of some of its most popular characters, including Mario and Pikachu, at the video gaming expo E3. The company is seeking to boost the sales of its Wii U console, which has failed to reach initial analysts sales growth estimates. The company has obviously decided […] Read more

Caterpillar Inc.’s share price down, increases its quarterly dividend by 17%, reaches a 46-million-dollar settlement over ship fire

Caterpillar Inc. announced that it made a decision to increase its quarterly dividend to 70 cents per share. The dividend raise represents a 17% increase. Mr. Doug Oberhelman, the current Chairman and Chief Executive Officer of Caterpillar Inc. made a news release, which was cited by the Wall Street Journal: “Despite business and economic uncertainties […] Read more

Infosys Ltd’s share price down, appoints ex-SAP executive Vishal Sikka as CEO

Infosys Ltd, the second-biggest software and outsourcing company by sales in India, made an official statement revealing that Mr. Vishal Sikka was named as Chief Executive Officer at a time when the company is seeking to snap the series of four consecutive years of narrowing margins. Mr. Sikka is to succeed Mr. S.D. Shibulal and […] Read more

Sainsbury Plc’ share price up, reports further sales decline, but forecasts growth resumption

J Sainsbury Plc reiterated its forecast that its same-store sales growth will resume later this year, as the company deals with price reductions made by its competitors by concentrating on fresh produce and premium own-brand food. Mr. Justin King, who is the departing Chief Executive Officer of the company said in its statement that was […] Read more

Inditex SA’s share price up, posts first-quarter profit that beats analysts’ estimates

The worlds biggest clothing retailer by sales – Industria de Diseno Textil SA (Inditex SA) posted a first quarter profit that surpassed the analysts estimates. The satisfactory performance was manly due to the fact the company imposed control on its expansion costs by betting on e-commerce when it comes to increasing its growth. According to […] Read more

Deutsche Lufthansa AG’s share price tumble, reduces its 2014 and 2015 profit forecast

The shares of Deutsche Lufthansa AG decreased the most since the 9/11 terror attacks after the company reduced its profit forecasts for this year by as much as 33%. The profit warning is due to the ongoing employees strikes and amid ever increasing competition from state-owned Gulf carriers. As the company itself explained, the Gulf […] Read more

Airbus Group NV’s share price down, loses a 16-billion-dollar deal with Emirates for A350 planes

Airbus Group NV said in a statement today that its largest buyer of superjumbos from the A380 series – Emirates, cancelled its entire order for A350 aircraft, which amounted to 16 billion dollars at the time when the deal was negotiated and is estimated at 21.6 billion dollars at current prices. This is considered a […] Read more

Ford Motor Co.’s share price up, to manufacture its next generation Fiesta in Germany, saving 400 million dollars

Ford Motor Co. made an official statement, revealing that it intends to manufacture its next generation of the Fiesta small car model in Cologne, Germany. According to the company’s announcement, Ford has set a target to save about 400 million dollars on production expenses in the period from 2017 to 2021. As reported by the […] Read more