August 21, 2014 8:55 am
The Netherlands-based retailer Ahold, which owns U.S. Stop & Shop stores, reported second-quarter results today, revealing a sizable drop in sales and profits, pressuring shares down some 2%. Q2 sales dropped 14% on an annual basis to €7.42 billion (~$9.86bn), while net profits were down 29% to €147 million. The operating margin declined to 3.9%, […]
Read moreAugust 21, 2014 6:55 am
In an official statement dated August 20th, Hewlett-Packard Co. posted its first sales growth in 12 quarters. The company reported fiscal third-quarter sales that surpassed analysts estimates due to improving sales of personal computers. Ms. Whitman said in an interview for the Wall Street Journal: “Im proud of the change in the trajectory of revenue. […]
Read moreAugust 20, 2014 2:14 pm
Denmark-based brewer Carlsberg A/S said in an official statement today that it expects its full-year operating profit to fall from a year earlier due to worsening conditions in Russia, which accounts for more than a third of its total profits. The revenue and earnings warning caused the companys shares to drop by nearly 7% in […]
Read moreAugust 20, 2014 1:35 pm
Staples Inc, the world’s largest office-supply retailer, said in a statement today that it intends to shut about 140 of its stores in North America this year as increasing online and big-box chains competition hurt its sales. Mr. Ron Sargent, who is the companys Chief Executive Officer, said: “Were accelerating growth in our delivery businesses […]
Read moreAugust 20, 2014 11:49 am
The third-largest brewer in the world – Heineken NV announced in a statement that its first-half profit beat analysts estimates and projected moderate growth for the remainder of the year. Heinekens Chief Executive Officer Mr. Jean-Francois van Boxmeer said in a statement, cited by the Wall Street Jounal: “We are confident that our strong brand […]
Read moreAugust 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 8:07 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 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 […]
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