THE Dow Jones Industrial Average has edged closer to an all-time closing high, as investors brushed off steep losses in China's equity markets and pushed major benchmarks higher. The Dow rose 38.16 points, or 0.3 per cent, to 14127.82, to ...
Australian iron ore giant Rio Tinto has announced its financial results for the full year of 2012, registering a net loss due to lower average prices for the year. Rio Tinto posted a net loss of US$3 billion in the given year, compared to ...
Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has announced that as of February 4 it has spent RMB 1.97 billion ($314 million), including commissions, to buy back 424 million of its own shares, paying between ...
Tags: Baosteel, steelmaker, steel
Zanaga Iron Ore has purchased 28,800 shares of no par value in the company at an average price of 32.80p per share representing 0.01% of the shares in issue. The company, which gained approval for a share buyback at an annual general ...
Tags: Zanaga Iron Ore, shares of no par value, share buyback
FORT WORTH, Texas — Pier 1 Imports said its earnings rose 3% in its fiscal third quarter as sales jumped 10.9%, aided by a 7.9% same-store gain and the company's first full quarter of online sales. The Fort Worth-based retailer also ...
Tags: commerce sales, Pier 1, earnings, sales
Zanaga Iron Ore Company Limited announces, further to the authority granted to the Company by shareholders at the AGM held on 26th July 2012 to buyback shares, that on 3rd December 2012, the Company purchased 56,011 shares of no par value ...
Tags: Zanaga Iron Ore Company Limited, AGM, shares
Those who are familiar with my work know that I like it when investment ideas remind me of prior decisions that have worked out well.Corning(GLW)reminds me of other cyclical stocks that have done well once earnings estimates first start to ...
Tags: Corning, cyclical stocks, LCD glass
US discount retailer Dollar General has booked higher half-year profits after it increased sales. Dollar General reported net income of US$427.6m for the six months to 3 August, up from $303m a year earlier. Operating income was $771.5m, ...
Tags: Profits, Sales increase, candy, snacks sales
Global foodservice firm Compass Group has posted revenue 8%up at £16.9bn for the full year to September 30,reflecting strong growth in North America and emerging markets. Underlying operating profit was 9%up at £1,178M ...
Tags: revenue, Compass, emerging markets
Debenhams plc, the leading international, multi-channel brand, announces a trading update for the 52 weeks to 1 September 2012 ahead of its full year results on 25 October 2012. Key highlights • Strong like-for-like sales ...
Tags: Debenhams, trading update, sales growth, modernised stores
Lindt & Spruengli has booked a 14% rise in first-half net profit in the face of weak consumer sentiment in the chocolate-maker's largest markets, the US and Europe. The Swiss chocolatier said today (21 August) net profit rose to CHF36.6m ...
Tags: chocolate, weak consumer, milk, sugar, nuts
A New York-based major shareholder in OfficeMax has urged the company to sell-off its Australian and New Zealand divisions so that it can return more cash to investors. In a letter to OfficeMax CEO Ravi Saligram, Neuberger Berman managing ...
Tags: OfficeMax, transformational acquisition, operating strategy
Epistar has announced to gain a share buyback plan in a bid to support its share price. Epistar announced Wednesday it would buy back 10 million shares from the open market at a range of NT$51 to NT$76 between Dec. 29 and Feb. 28, 2012. The ...
Tags: Market View, led
AMSTERDAM: Royal Philips Electronics NV Chief Executive Officer Frans van Houten said he'll embark on a e2 billion ($2.8 billion) share buyback program, betting that a companywide overhaul will help the Dutch maker of light bulbs and ...
Tags: led bulb