Breaking Stories »

July 28, 2014 – 8:21 pm |

US economy failed to rebound in the second quarter of 2014 as much as investors expected and the American currency declined against Euro for the first time during the last seven days.

Tomorrow FED will begin meetings to debates the interest rates pace and if the Government is going to reduce further its bond purchase monthly amount.

Investors and analysts expect the rebound to be weaker than Read more […]

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Heinz Deal Near Completion

June 4, 2013 – 6:00 am |

On Monday, Heinz announced that it has received all of the necessary regulatory approvals for the company to be acquired by 3G Capital and Berkshire Hathaway. The deal is expected to be completed within the week.

The $72.50 fair value estimate–which remains in place–reflects the offer price for Heinz. The $28 billion deal values the packaged food firm around 12 times fiscal 2014 adjusted EBITDA Read more […]

Transurban’s Latest Development Limits Risk

June 4, 2013 – 4:30 am |

Transurban’s proposed F3-M2 tunnel project has progressed to the third and final stage of the New South Wales government assessment process. The project is likely to proceed as long as the firm and its partners can secure an acceptable design and construction (D&C) cost of around AUD 2.65 billion.

With land and other setup costs, the total cost comes to around AUD 3 billion, plus capitalised Read more […]

Bank of Montreal Boasts Another Strong Quarter

June 3, 2013 – 11:30 am |

Bank of Montreal reported adjusted net income of CAD 997 million, or CAD 1.46 per share, for the second quarter of 2013, compared with CAD 982 million, or CAD 1.44 per share, for second-quarter 2012. The narrow-moat bank reported return on equity of 14.2% for the quarter while overall net interest margin declined again to 1.85% for second-quarter 2013 compared with 1.97% a year ago.

Adjusted net Read more […]

KBC Reports Solid First Quarter

June 3, 2013 – 7:01 am |

KBC’s reported net income was EUR 520 million for the first quarter, which includes EUR 165 million of non-operating gains on the revaluation of the bank’s structured credit portfolio. The bank’s underlying net income for the first quarter was a still-solid EUR 359 million, or a 13% return on equity. The no-moat bank plans to repay EUR 1.2 billion to the Flemish state by June, and analysts believe Read more […]

Diversification Continues to Help ALS’ Bottom Line; Report Q2 Results

June 3, 2013 – 2:50 am |

Given the list of mining service businesses who reported significant downgrades over the past week it was welcoming to see ALS report fiscal 2013 underlying net profit after tax of AUD 237.9 million, up 6.9%, in line with guidance and our AUD 238.1 million forecast. Revenue from the core laboratory businesses increased 12.1%, mainly due to acquisitions with organic growth of 3.5%.

Earnings before Read more […]

Tiffany Beats Estimates but Headwinds Remain

June 2, 2013 – 6:50 am |

Tiffany & Company reported better-than-expected revenue and earnings for the first quarter of 2013 which ended in April, and although the stock is not cheap at 20 times forward earnings, sales and operating margins should continue to improve as headwinds from input prices fade. In the quarter, sales rose 9% to $900 million on 8% comparable-store sales growth. Excluding the effect of exchange rates, Read more […]