February 4, 2015 1:02 pm
Toyota Motor Corp reported on Wednesday better-than-expected quarterly results and lifted its full-year net profit forecast as the Japanese company continued to benefit from the weaker yen. The car giant based in Toyota City announced it now expects net income for the twelve months ending March to land at record ¥2.13 trillion, a 16.8% increase […]
Read moreFebruary 4, 2015 10:56 am
Sky Plc reported on Wednesday an increase in earnings as the European pay-television operator benefited from a record customer growth in its UK and Irish operations. Rupert Murdoch-controlled Sky said adjusted revenue climbed to £5.6 billion during the six months ended December 31 from £5.3 billion a year ago. Net profit stood at £1.09 billion […]
Read moreFebruary 4, 2015 9:15 am
Sony Corp projected on Wednesday a smaller loss during 2014 as the Japanese company benefited from higher demand for its image sensors and PlayStation 4 gaming consoles. The Tokyo-based company estimated that net loss for the financial year ending March 31 would be ¥170 billion, previously Sony projected it would report a loss of ¥230 […]
Read moreFebruary 3, 2015 4:10 pm
BG Group Plc announced on Tuesday it has written down the value of its oil and gas business by nearly $9 billion as lower oil prices claim another victim. The natural gas producer stated a net loss of $5 billion during the three months ended December, significantly higher than the $1.08 billion loss the company […]
Read moreFebruary 3, 2015 2:35 pm
Banco Santander SA reported on Tuesday a 68% increase in profit as Spains largest bank set aside less provisions for bad loans and benefited from increased revenues. The company reported net income of €1.46 billion for the three months ended December, compared to the €864 million reported in the fourth quarter of 2013. Results mirrored […]
Read moreFebruary 3, 2015 1:21 pm
Japans Sharp Corp. warned on Tuesday it would report another annual loss as smartphone display sales suffer from increased competition and limited Chinese reach. Smartphone makers across the world have suffered from lower sales as customers prefer low-cost Asian handset makers, including Xiaomi and Coolpad. Display maker Sharp is headed for a third annual loss […]
Read moreFebruary 3, 2015 11:01 am
BP Plc reported on Tuesday performance that exceeded expectations, driven by gains on its stake in Russias Rosneft, despite $3.6 impairment charge and lower oil prices. The company stated underlying replacement cost profit, excluding charges, of $2.2 billion for the three months ended December 31. In comparison BP reported a profit of $2.8 billion for […]
Read moreFebruary 3, 2015 9:27 am
News Corp and Twenty-First Century Fox will not be prosecuted by the US Department of Justice over phone hacking and alleged bribery of public officials in the UK. Both of Rupert Murdochs companies said in a separate fillings with the Securities and Exchange Commission that the department has completed and closed its investigation over the […]
Read moreFebruary 2, 2015 4:09 pm
Exxon Mobil Corp announced on Monday it suffered a 21% reduction in quarterly profits, less than projected, as performance of the worlds biggest oil company was boosted by tax benefits and a compensation from Venezuela. Post-tax earnings for the three months ended December 31 stood at $6.57 billion, down compared to the $8.35 billion reported […]
Read moreFebruary 2, 2015 2:35 pm
Irelands building supplies company CRH Plc announced on Monday it had agreed to spend €6.5 billion in order to acquire assets from rivals Lafarge and Holcim. The two companies are selling parts of their businesses to get regulatory approval on $40-billion merger. The assets, subject to the deal, include operations mainly in Europe, Canada, Brazil […]
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