January 30, 2015 2:25 pm
BT Group Plc will inject £1.5 billion into its pension plan by the end of April, outlining efforts to reduce its growing deficit amid stronger profits and network upgrade. The company has agreed to a 16-year recovery plan with the pension trustees, including a injection of £1.5 billion over the next three months and an […]
Read moreJanuary 30, 2015 1:05 pm
Google Inc announced on Thursday a slower-than-expected revenue growth due to the stronger dollar and falling prices on online advertisement. The Mountain View, California-based company reported revenue of $18.1 billion for the three months ended December 31, up from the $15.71 billion reported in the last quarter of 2013. However, analysts surveyed by Thomson Reuters […]
Read moreJanuary 30, 2015 10:46 am
International Airlines Group and Qatar Airways announced on Friday that the state-owned carrier had acquired a 9.99% stake in the parent of British Airways. In line with the agreement, which is valued at around £1.2 billion, Qatar Airways became the biggest shareholder in IAG, outlining further strengthening of the partnership between the two companies. “Were […]
Read moreJanuary 30, 2015 9:17 am
Amazon.com Inc rebounded from recent quarterly losses and reported results above expectations during the last three months of 2014, boosted by strong Prime user growth. The e-commerce giant stated net income of $214 million for the three months ended December 31, following losses of $126 million and $437 million reported for the two previous quarters […]
Read moreJanuary 29, 2015 4:10 pm
Ford Motor Co reported results above expectations on Thursday as the second-largest US carmaker benefited from stronger demand in Asia. The Michigan-based company stated full-year pretax profit of $6.3 billion, above expectations but down compared to the $8.6 billion reported in 2013. Net income stood at $3.2 billion versus $7.1 billion a year earlier. Ford […]
Read moreJanuary 29, 2015 2:25 pm
Nokia reported better-than-expected quarterly results on Thursday, but warned that increased competition will probably hurt profits in 2015. Net income for the fourth quarter stood at €443 million, or €0.11 a share, compared to a loss of €26 million a year earlier. In comparison analysts had projected net income of €325 million, or €0.09 a […]
Read moreJanuary 29, 2015 12:48 pm
Royal Dutch Shell reported on Thursday performance below expectations and announced a plan to reduce capital investments as a measure to counter falling oil prices. The Anglo-Dutch oil company reported profit of $3.26 billion, excluding identified items, better that the $2.91 billion in the fourth quarter of 2013, but down compared to the $5.85 billion […]
Read moreJanuary 29, 2015 10:40 am
Facebook Inc reported on Wednesday quarterly performance that exceeded projections as the social network continued to benefit from increased mobile advertising. Revenue for the three months ended December 31 climbed to $3.85 billion, compared to the $2.59 billion reported in the fourth quarter of 2013. In comparison analysts had projected revenue of $3.80 billion. Facebooks […]
Read moreJanuary 29, 2015 9:10 am
Amazon.com Inc introduced on Wednesday a cloud-based corporate e-mail and scheduling service as a rival for Googles Gmail and Mirosofts Exchange. The service, dubbed WorkMail, is aimed at the corporate clients segment, which is mostly controlled by Microsoft. The move also outlines another step for Amazon in transitioning from an e-commerce giant to a provider […]
Read moreJanuary 28, 2015 3:57 pm
Boeing Co reported stronger quarterly results as airline carriers ordered more airplanes from the the worlds largest plane manufacturer, but stated lower profit guidance for 2015. Boeing said it delivered 195 of its jetliners during the three months to December 31, 13% more than the last quarter of 2013. Deliveries were driven by high demand […]
Read more