- Sarla Buch
- 22 Nov, 2016
- New York City
Clydesdale Bank reported its first profit in five-years after separated from National Australia Bank. Entertainment One tumbled after net plunged 67% but revenues soared 19%. Lloyds Banking said government reduced its stake to 8%.
- Mukesh Buch
- 21 Nov, 2016
- New York City
Cubic Corp sales dropped 5%. International Game net swung to a loss. Facebook plans to increase 50% staff in the London
- Sarla Buch
- 21 Nov, 2016
- New York City
Essentra lowered operating profit forecast after weak revenues in health and personal care packaging businesses. Mitie net swung to profit but forecasted profit may below management expectations. Novartis agreed to buy U.S.-based Selexys Pharma for $665 million.
- Mukesh Buch
- 18 Nov, 2016
- New York City
Abercrombie & Fitch net plunged 81%. Buckle net and sales declined. Foot Locker net surged 96% and said it remains on track to meet annual guidance. Gap net declined 18% but reaffirmed earnings forecast. Hibbett Sports net slumped 22%. Williams-Sonoma net fell.
- Sarla Buch
- 18 Nov, 2016
- New York City
Airbus secured new order for 13 commercial aircraft from Japan-based low-cost airline for $1.4 billion. Lafargeholcim lowered its fiscal 2018 profit forecast and cash flow targets. Troubled Volkswagen AG plans to cut about 30,000 jobs worldwide including 23,000 in Germany.
- Mukesh Buch
- 17 Nov, 2016
- New York City
Best Buy net surged 55%. Specialty apparel retailer Cato said revenues declined 7%. Cisco struggled with revenue growth and said net cash balance increased to $71 billion. Smucker revenues plunged 8%. Wal-Mart lifted earnings forecast.
- Sarla Buch
- 17 Nov, 2016
- New York City
Ahold Delhaize net surged 25% to
- Mukesh Buch
- 16 Nov, 2016
- New York City
Agilent net declined 11% but revenues jumped on stronger than expected growth in Europe and in China. Brady net surged 21%. Meritor net swung to profit despite 15% plunge in revenues. Lowe''s net tumbled 49% and the retailer estimated annual revenues to jump between 9% and 10%. Target net soared 11%.
- Sarla Buch
- 16 Nov, 2016
- New York City
ABN Amro net declined 11% and the bank plans to cut additional 1,500 jobs. Aggreko forecasted operating profit in the year in-line with expectations. Bouygues net rose. Bayer plans to raise
- Mukesh Buch
- 15 Nov, 2016
- New York City
Dicks Sporting lifted earnings forecast. Estee Lauder agreed to acquire Too Faced, the feminine makeup brand for $1.45 billion. Home Depot net soared 18% and reaffirmed sales forecast. Reynolds American rejected $47 billion takeover offer from BAT.
- Sarla Buch
- 15 Nov, 2016
- New York City
Reynolds American rejected $47 billion takeover offer from British American Tobacco. easyJet net declined 22% but carried 73 million passengers in the year so far. Merck profit and revenues surged and lifted operating profit forecast. Vodafone net loss widened.
- Mukesh Buch
- 14 Nov, 2016
- New York City
Aecom net surged but revenues declined. Enerplus net loss narrowed despite revenues plummeted 35%. Harman International agreed to be acquired by South Korea-based Samsung Electronics for $8 billion. InterOil net loss narrowed. ViaSat agreed to buy Ireland-based Arconics.
- Sarla Buch
- 14 Nov, 2016
- New York City
Greencore net declined 18% and the food maker plans to acquire the U.S.-based Peacock Foods. Intrum Justitia agreed to buy Norway-based rival for $2 billion. RWE net tumbled 99% after the utility financed a state nuclear-waste fund. Siemens agreed to buy Mentor Graphics $4.5 billion.
- Mukesh Buch
- 11 Nov, 2016
- New York City
Brookfield Asset Management net surged. CSW Industrials net plunged 49%. Dillard''s net declined 50%. J C Penney net loss narrowed and the retailer lifted comparable store sales forecast. Disney net soared 10% and opened sixth theme park. Nordstrom net swung to a loss.
- Sarla Buch
- 11 Nov, 2016
- New York City
Allianz net surged 35% as PIMCO attracts first positive net fund flows since 2013. Bechtle net and revenues jumped. Utility provider Enel net soared 32% but revenues declined 10%. Renewable energy provider Innogy net tumbled 30%. SIG tumbled after weak profit forecast.