February 12, 2015 10:57 am
Renault SA reported Thursday a significant increase in full-year net profit after the French carmaker benefited from robust European sales and cost cuts. The company reported 2014 net profit of €1.9 billion, more than tripled compared to the €586 million in the previous year. The figure also beat the €1.8 billion projection of the 20 […]
Read moreFebruary 12, 2015 9:24 am
Tesla Motors Inc reported bigger-than-expected loss in the fourth quarter, but Chief Executive Elon Musk projected better performance in the current year. For the three months ended December 31, the electric carmaker reported a loss of $0.13 per share, excluding certain items. In comparison analysts had projected a profit of $0.32 per share. The Palo […]
Read moreFebruary 11, 2015 4:03 pm
Facebook launched on Wednesday a social platform for companies aimed at exchanging information about hacker threats and possible attacks. The worlds biggest social network introduced it latest project dubbed “ThreatExchange” which will aid companies in the war against cyber hackers. During the development period Facebook collaborated with Tumblr, Yahoo, Pinterest and Twitter, which provided feedback […]
Read moreFebruary 11, 2015 2:28 pm
Sky Plc kept the best Premier League soccer rights during the latest action, but managed to do so by launching a record bid, sending its shares 5% down during early trading on Wednesday. Britains pay-TV company agreed to pay £4.2 billion over three years for the exclusive right to broadcast live soccer matches from 2016 […]
Read moreFebruary 11, 2015 1:13 pm
British microchip designer ARM Holdings reported double-digit growth in sales and profit for the full-year, boosted by strong demand for Apples iPhone 6. On Wednesday the Cambridge, England-based company reported a 2014 revenue of £795 million ($1.29 billion), up 16% compared to the previous 12-month period. Profit before tax climbed 13% to £411 million, or […]
Read moreFebruary 11, 2015 10:49 am
Heineken NV projected slower sales and earnings growth for this year, after strong demand for its high-margin products boosted results in 2014, prompting the company to lift its dividend. The worlds third-largest brewer said sales and profit will continue to expand in 2015, despite difficult trading conditions in developing markets and severe price competition elsewhere. […]
Read moreFebruary 11, 2015 9:26 am
Glencore Plc announced on Wednesday it intends to divest its 23.9% stake in South African Lonmin, the worlds third largest platinum producer. The miner and commodities trader inherited the stake, worth around $367 million, through its $29-billion acquisition of Anglo-Swiss miner Xstrata in May 2013 and now Glencore plans to distribute the stake to its […]
Read moreFebruary 10, 2015 4:04 pm
Coca-Cola Co reported on Tuesday profit above expectations as the worlds biggest beverage company benefited from larger volumes and cost cuts. Net income for the three months ended December 31 stood at $770 million, or $0.17 per share, compared to $1.71 billion, or $0.38 cents a share, a year ago. Excluding some items, per-share earnings […]
Read moreFebruary 10, 2015 2:33 pm
Metro AG reported on Tuesday quarterly results in line with expectations after performance was hit by the sharp decline of the Russian ruble against the euro. Germany’s largest retailer reported a 4.6% decline in its core earnings before interest and tax to €1.02 billion for the three months ended December, or the companys first quarter, […]
Read moreFebruary 10, 2015 1:14 pm
Tesco Plc is showing signs of improvement following the lead of Dave Lewis as sales numbers increased for the first time since January 2014, according to industry data released on Tuesday. Sales at Britains largest supermarket chain climbed 0.3% in the 12 weeks ended February 1 compared to the same period of 2014, said market […]
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