August 20, 2014 9:54 am
Glencore Plc said in a statement today that it has decided to hold a $1-billion share buyback program after its profit over the first six months of the fiscal year increased by 8% due to higher production of copper, coal and oil, and strong performance of the companys marketing arm. According to Glencores statement, the […]
Read moreAugust 20, 2014 8:40 am
Balfour Beatty Plc, the largest construction contractor in the UK, rejected an improved merger offer by Carillion Plc, saying that the proposed business plan is too risky. Carillion upped its bid for Balfour Beatty, aiming to form the largest builder in the UK, with market capitalization of some £3 billion (~$5 billion), and over 80 […]
Read moreAugust 20, 2014 8:22 am
Britains blue-chip index fell on Wednesday after settling at a three-week high on Tuesday as investors awaited cues from central banks. Receding, but persisting geopolitical tensions in several hot regions kept equity gains in check. The FTSE 100 index was down 0.31%, or 21.01 points, at 6 758.30 points at 8:16 GMT, having shifted in […]
Read moreAugust 20, 2014 8:07 am
Apple Inc. shares closed at an all-time high on Tuesday, pricing the worlds most valuable company at some $600 billion, as markets expect the release of new products set to push the companys revenue growth, and stock, even higher. Tuesdays close of $100.53 beat the previous, September 19 2012, record of $100.30. Analysts commented that […]
Read moreAugust 19, 2014 2:49 pm
Home Depot Inc., the largest US home-improvement retailer, posted earnings for Q2 earlier today, to reveal a sizable increase in both sales and net income, while also increasing its full-year profit guidance. Second quarter revenue was logged at $23.81 billion, up 5.7% on an annual basis, while net income added 13.8% at $2.1bn. A $3.5bn […]
Read moreAugust 19, 2014 1:52 pm
Europes second-largest tobacco company – Imperial Tobacco Group Plc reported a smaller decline in its nine-month net revenue in comparison to analysts estimates. The company said the improving European market helped offset a “significant deterioration” in Russia. Imperial Tobacco Group reported a 1% sales decline to 4.75 billion pounds ($7.95 billion) over the nine months […]
Read moreAugust 19, 2014 12:42 pm
AP Moeller-Maersk A/S increased its full-year profit projection as its container-shipping line posted increasing earnings thanks to higher freight volumes and lower expenses. According to the companys statement, its earnings excluding impairment losses, divestment gains and discontinued operations are expected to amount to $4.5 billion in comparison to the previously raised forecast of $4 billion […]
Read moreAugust 19, 2014 10:21 am
BHP Billiton Plc shares dropped as the company announced a plan to divest a large portion of its assets, including silver, aluminum, manganese and coal plants and mines, as the company drives towards a simpler and more manageable portfolio. “For over a century, BHP Billiton has progressively reshaped its business to maintain its industry leadership,” […]
Read moreAugust 19, 2014 9:28 am
Sprint Corp., the fourth-largest US wireless carrier, revealed that its Chief Executive Officer, Mr. Marcelo Claure, has decided the company will offer covering expenses for customers who switch to Sprint from rival telecoms, in addition to other aggressive marketing moves, only a week after taking over the helm. Covering $350 of expenses to customers switching […]
Read moreAugust 19, 2014 8:57 am
Britains blue-chip index rose for a fifth day to touch the highest level in nearly three weeks following solid performance on Wall Street yesterday, supported by partially seceded geopoltical risks in several regions. Downbeat inflation data hardly affected the headline indexs intraday movements. Market participants awaited the release of FOMCs July meeting minutes and the […]
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