U.K.-based fund manager Henderson Group reported an impressive underlying profit before tax of GBP 101 million for first-half 2013, up 22% on first half 2012 and in line with our expectations and guidance. Diluted earnings per share of 8 pence per share increased 14% on 7 pence in first-half 2012. Assets under management increased 3.5%…
Westar management announced a cost-cutting initiative via employee reductions to save $16 million annually (roughly 3% of total operating and maintenance and selling, general, and administrative expenses) beginning in the fourth quarter of 2012 and extending through the third quarter of 2013, given continued economic weakness and soft customer growth. Westar filed an abbreviated rate…
Telstra reported a fiscal 2013 result in line with Street expectations. The low single-digit earnings growth was driven by mobile and the network, applications and services (NAS) divisions. Mobile revenue increased 6% to AUD 9.2 billion, driven by strong subscriber growth and increase in market share. Increased demand for cloud services from corporates lifted NAS…
ON 10 October ExxonMobil Corporation (NYSE:XOM) and its employees and retirees in Northern Virginia raised more than $2.4 million for charitable organizations and local charities in the Northern Virginia area during the 2014 Employees’ Favorite Charities campaign. Exxon Mobil Corporation (NYSE:XOM) belongs to Basic Materials sector. Its net profit margin is 8.10% and weekly performance…
Noble Corporation (NYSE:NE), a leading offshore driller, announced it plans to report financial results for the third quarter 2014 on Wednesday, October 29, 2014, after the close of trading on the New York Stock Exchange. Noble Corp. (NYSE:NE) belongs to Basic Materials sector. Its net profit margin is 19.70% and weekly performance is -9.44%. On…
Cemex SAB de CV (NYSE:CX) on 1st October announced it entered a new credit agreement for US$1.35bn with nine of the main lending banks from its Facilities Agreement of 17 September 2012. CEMEX, S.A.B. de C.V. (NYSE:CX) belongs to Industrial Goods sector. Its net profit margin is -4.00% and weekly performance is -11.38%. On last…
