Saudi cement firms, Yanbu Cement Co and Saudi Cement Co, have both announced positive results for the second quarter of 2013. Yanbu posted a 26.9% increase in net profit for the period to $73.1m (SAR 274m), up from last year's ...
Tags: Cement, Construction, Decoration
Many listed Chinese solar companies experienced a turnaround in the first half, even as the industry remained mired in near-depression amid a supply glut and trade disputes. Of 22 listed companies, 10 have released interim statements ...
Tags: solar companies, EU duties
The Australian sharemarket has reached a fresh four-and-a-half-year high, buoyed by improved investor sentiment towards the Italian election outcome. At the close today, the benchmark S&P/ASX200 index was up 67.5 points, or 1.34 per cent, ...
Tags: Buoyant, Australian sharemarket, 2008 levels
The sharemarket recovered as investors piled into high-yield stocks after Thursday's steep decline, which followed the release of US Federal Reserve minutes showing growing concern among Fed members about potential side-effects of its ...
Tags: sharemarket, stock, US Federal Reserve
Banks, property trusts, consumer staples and energy companies pushed the sharemarket to its highest close since September 2008, as investors digested earnings reports while awaiting the overnight release of minutes from the US Federal ...
Tags: Banks, property trusts, consumer staples, energy companies
Market sentiment was aided by news that China's Citic Resources was taking a big stake in Alumina. The benchmark S&P/ASX 200 closed up 0.7 per cent at 5036.9. This year it is up 8.3 per cent after rising 15 per cent in 2012. Trading value ...
Tags: Citic Resources, Alumina, stock market
Weaker investor sentiment sent the Australian dollar to its lowest levels since October in thin trading conditions because of the Lunar New Year celebrations in Asia. The sharemarket was flat, also in thin trading, as investors remained ...
Tags: Australian dollar, October, lowest levels
The sharemarket jumped to a 21-month high as stronger than expected trade data for China boosted confidence in Australia's biggest trading partner, and as the Reserve Bank said it had scope for further interest rate cuts. Shares were also ...
Tags: sharemarket, Shares, benchmark
The sharemarket fell the most in four weeks yesterday after political uncertainty in Spain and Italy triggered risk aversion in global markets and domestic earnings reports mostly disappointed investors. THE sharemarket fell the most in ...
Tags: stocks, sharemarket, Australian market
The sharemarket climbed again yesterday, closing the week on a high on good news from home and abroad and supported by investors seeking stocks with high dividend yields. The benchmark S&P/ASX 200 closed up 0.5 per cent at 4835.2 points, ...
Tags: stocks, sharemarket, financial stocks
The Australian sharemarket has closed flat as investors gave a muted response to the Bank of Japan's plan for a more expansionary 2 per cent inflation target. At 4.15pm AEDT today, the benchmark S&P/ASX 200 index was up 1.6 points, or ...
Tags: stocks, Australian sharemarket, share price
Michael Foods has booked an increase in first-half net profit as lower financing costs, improved margins and higher sales boosted the bottom line. The US egg packer said today (14 August) its net earnings for the six months to 30 June ...
Tags: Michael Foods, first-half net profit, lower financing costs
Shares in Canadian retailer Loblaw fell today (25 July) after the company, which had warned of lower earnings in 2012, reported a 21% drop in first-half profits. Loblaw said in February spending on its supply chain and market ...
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
Kuwait Cement Company said in a bourse filing yesterday it booked a net profit of KWD8.84m (US$31.3m) for the six months ended June 30, 2012, slightly up from KWD8.69m a year earlier. The cement producer reported earnings per share (EPS) of ...
Tags: market view, cement