November 10, 2014 1:05 pm
Danish brewer Carlsberg A/S said that it improved on its already leading position in Russia as it worked on boosting its presence and brands visibility. According to Carlsbergs statement, the companys Russian volume share improved from 36.5% in the previous period to 37.9% in the third quarter of the fiscal year. The company also reported […]
Read moreNovember 10, 2014 11:46 am
Serco Group PLC reduced its full-year profit target as it announced a £550-million rights issue and identified £1.5 billion of likely impairments and charges. The company, which provides outsource services to governments such as managing the custody of prisoners, said in an unscheduled announcement that it now expects full-year operating profit to be between £130 […]
Read moreNovember 10, 2014 10:15 am
Boeing Co. managed to win an order from Japan-based lessor SMBC Aviation Capital Ltd. estimated at $8.5 billion, coming at a time of increased demand for new planes in Asia in order to meet travel growth in the region. The President and Chief Executive Officer of the Boeing Commercial Airplanes unit – Mr. Ray Conner […]
Read moreNovember 10, 2014 8:49 am
Nissan Motor Co. revealed that it is expanding its recalls in the US by withdrawing more than 52 000 vehicles due to a defect with their air-bag inflators. According to the companys statement, the problem with the passenger air bags of the vehicles could trigger an explosion and send metal shards into the passenger compartment. […]
Read moreNovember 9, 2014 6:33 am
The largest steel producer by shipments in the world – ArcelorMittal reported a second straight quarter of profit. The result is believed to be due to a considerably better performance of the companys steel business, which helped ArcelorMittal neutralize the negative influence of falling iron ore prices. Apart from reporting quarterly results, the company reaffirmed […]
Read moreNovember 8, 2014 7:06 am
Compagnie Financiere Richemont, the worlds biggest jewelry maker, reported a fall in first-half earnings due to stagnant Asian demand for luxury goods. The Geneva-based company, owner of the Cartier and Piaget brands, reported a better-than-expected 2% increase in revenue to €5.43 billion in the six months ended September 30th, surpassing analysts expectations of €5.39 billion. […]
Read moreNovember 7, 2014 11:11 am
Allianz SE, the worlds largest insurer, increased its dividend payouts as third-quarter results overtook analysts expectations despite outflows from its Pacific Investment Management Co. unit. The Munich-based company reported a 14.5% increase in revenue for the third quarter to €28.78 billion versus last years result of €25.15 billion. Operating profit rose 5.2% to €2.65 billion […]
Read moreNovember 7, 2014 10:43 am
Puma SE announced that its profit fell during the third quarter at a time of large investments in new products offerings on the market. Apart from revealing its Q3 results, the German sporting-goods manufacturer also increased its full-year sales projection. The companys Chief Executive Officer Bjoern Gulden said in a statement: “In a good third […]
Read moreNovember 7, 2014 9:55 am
Adidas AG reported on Thursday that its profit over the third quarter of the fiscal year surpassed analysts forecasts. The results come as a relief for the companys Chief Executive Officer Mr. Herbert Hainer, backing his efforts to turn the Germany-based sporting-goods maker around. Mr. Hainer said in a press call: “While certain factors have […]
Read moreNovember 7, 2014 8:31 am
AstraZeneca Plc reported quarterly results on Thursday and also projected that its 2014 earnings decline will be smaller than initially expected as one of its best-selling drugs, called Nexium, remains largely unaffected by generic competition. The Chief Executive Officer of the company – Mr. Pascal Soriot said in a statement: “This enhanced execution of our […]
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