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- Johnson & Johnson profits beat estimates
- Johnson & Johnson on Tuesday reported third quarter profits that beat Wall Street estimates, but its sales declined on weak demand for pharmaceuticals.Net income at J&J jumped by 1.1 per cent to $3.3bn, or $1.20 a share, as the New Jersey-based company succeeded in cutting costs. J&J cut 900...
- External links 2009-10-13
- National Grid profits rise despite drop in demand
- National Grid, which operates electricity and gas networks in the UK and the US, has reported a 16 per cent rise in underlying pre-tax profit for the six months to the end of September in spite of a steep fall in energy use, demonstrating what the company describes as...
- News items 2009-11-19
- Toyota raises outlook for the year
- Toyota Motor, the world's biggest carmaker by sales, suffered a Y77.8bn ($818m) net loss in its fiscal first quarter as it struggled to adjust to the worst car industry downturn in decades.However, the Japanese manufacturer was more optimistic about its prospects for the year to next March, updating its...
- External links 2009-08-03
- Xstrata appeals to Anglo as profits plunge
- Mick Davis, chief executive of Xstrata, called again on rival miner Anglo American to engage in merger talks for the sake of both companies' shareholders, as the Swiss-based mining company's profits fell 68 per cent but still beat expectations.Xstrata's message on Tuesday at its interim results was very similar...
- External links 2009-08-04
- BMW eyes Peugeot tie-up for Mini
- BMW is examining whether to share platforms with French rival PSA Peugeot Citroën for its Mini small car, it emerged yesterday, as the German premium carmaker returned to profit in the second quarter on the back of cost-cutting.Norbert Reithofer, BMW's chief executive, said BMW was talking to Peugeot about...
- External links 2009-08-04
- Nestlé increases profit margins
- Nestlé increased its profit margins in the first half, as lower input prices and higher productivity counteracted tough trading conditions in many markets.The operating profit margin climbed by 0.3 percentage points to 14.1 per cent, while the margin for Nestlé's key foods and beverages business, excluding the highly profitable...
- External links 2009-08-12
- Tullow interim profits drop 81%
- Tullow Oil yesterday urged investors not to lose sight of its growth prospects as its interim profits tumbled 81 per cent and production fell.Aiden Heavey, Tullow's chief executive, said such results were the inevitable consequence of the company's decision to stop chasing quick results by adding incremental production in...
- External links 2009-08-26
- Bloomsbury pins hopes on Blumenthal
- Bloomsbury Publishing, publisher of the Harry Potter series, is pinning its hopes on the Canadian author Margaret Atwood and celebrity chefs such as Heston Blumenthal to boost sales in the second half of the year, after reporting a steep decline in first-half profits.Pre-tax profit dropped from £5.37m ($8.69m) to...
- External links 2009-08-27
- More acquisitions light up Premier's radar
- Premier Oil, the exploration and production company active in the North Sea and south-east Asia, is looking for acquisitions and has $500m (£308m) available for deals, the company's chief executive said.He was speaking as Premier reported a 40 per cent drop in profits to $118m for the six months...
- External links 2009-08-27
- Chinese electric car group speeds up US plans
- BYD, the upstart Chinese car company backed by US investment guru Warren Buffett, said yesterday that it would start selling its e6 all-electric sedans in the US next year, a year ahead of schedule.Announcing in Hong Kong that the company had nearly doubled first-half net profits from a year...
- External links 2009-08-31
- Video game sales boost Vivendi
- Vivendi, the French telecoms and entertainment group, on Tuesday reported a 10.4 per cent increase in profit in the second quarter, driven by strength in its video games division.The company also produced better than expected profits in its French mobile phone and pay-TV business, underlining the attractions of its...
- External links 2009-09-01
- Phorm leaves UK market
- Phorm, the advertising technology group, has put its plans for the UK on hold as it explores new markets, particularly in Asia.The company's technology allows clients to analyse online customer behaviour and target advertising accordingly, but it has struggled to make progress in the UK. It revealed in first-half...
- External links 2009-09-21
- Game keeps eye on second-hand sales
- Game Group is looking at the second-hand games market to drive revenue and profits as like-for-like sales fell 16.3 per cent and pre-tax profit dropped by two-thirds in the six months to the end of July.The specialist retailer, which sells games consoles, DVDs and software, saw turnover from second-hand...
- External links 2009-09-23
- Nuts and bolts team regains command
- When Ford revealed this month that it had made a surprise profit in the third quarter, some at Boeing might have secretly wished they had never lost the skills of Alan Mulally, the carmaker's chief executive.Mr Mulally was hired as a junior engineer by Boeing after graduating from the...
- External links 2009-11-18
- Disney upbeat over advertising
- Walt Disney gave the struggling media sector grounds for optimism on Thursday when it sounded an upbeat note about the prospects for television advertising over the next six months.Like other TV networks, Disney's ABC has suffered as advertisers have cut their spending in line with the recession. However, as...
- External links 2009-11-12
- Planning for upturn hurts Autonomy
- The cost of preparing for an economic upturn, including a product launch, hurt gross margins at Autonomy in the third quarter, pushing shares in the software company down 8 per cent yesterday.Cambridge-based Autonomy, whose software is used by businesses and governments to search for and analyse unstructured information such...
- External links 2009-10-20
- VW to acquire bigger stake in Porsche
- Volkswagen on Tuesday said it would buy 49.9 per cent in Porsche's sports car business by the end of the year, a larger stake than originally planned, as Europe's largest carmaker said that overall sales in the third quarter had been "very good".VW said that it had agreed with...
- External links 2009-10-20
- Elan pins hopes on multiple sclerosis drug
- Kelly Martin, chief executive of Elan, said the Irish drugs group would focus on increasing sales of its multiple sclerosis drug Tysabri, following the sale of a stake in the business to Johnson & Johnson last month.Tysabri, which accounts for two-thirds of group turnover, saw sales jump 19 per...
- External links 2009-10-21
- Volvo loss narrows on sweeping cost cuts
- STOCKHOLM, Oct 23 - World number two truckmaker Volvo posted a smaller-than-expected third-quarter operating loss thanks to sweeping cost cuts and stood by its outlook of sharp declines in its main markets.The results were expected to damp worries that the commercial vehicles maker, which reported its worst-ever quarterly loss...
- External links 2009-10-22
- Publicis claims worst of slump is over
- PARIS, Oct 27 - Advertising group Publicis said the worst of the economic downturn was over, forecasting a better fourth quarter and a return to growth in the second half of 2010, after posting lower third-quarter sales.The world's third-largest advertising group in terms of revenue said third-quarter sales were...
- News items 2009-10-27
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