Архивы рубрики ‘Economics’

Bears pleased with Burger King breakdown, S & P 500 and Dow Jones Industrial look forward to autumn

Tuesday, August 24th, 2010

Burger King, operator of fast food restaurant chain, reported a decrease in net profit for the fourth fiscal quarter to end June 30 from $ 58.9 million, or 44 cents per share, previous year to $ 49 million, or 36 cents per share. Coompany’s revenue for the period decreased by 1% to $ 623 million.

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Foster’s Group Ltd suffering huge losses

Tuesday, August 24th, 2010

Foster’s Group Ltd., the largest Australian producer of beer and wine, reported losses in the second half of the fiscal year after a writedown in its wine business. Brewing company’s net loss amounted to 820.1 million Australian dollars in the first half-year that ended in June, compared with a net profit of 27 million Australian dollars previous year, the company said.

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Big Lots, Inc. (NYSE: BIG) ready to set record high

Tuesday, August 24th, 2010

Big Lots, Inc. (NYSE: BIG) shares will rise today, analysts say. A bullish trend will start advancing in the second half of trading under the condition of mixed market dynamics.

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Medtronic receives profit, WPP aims higher

Tuesday, August 24th, 2010

Manufacturer of medical equipment Medtronic recorded for the first quarter to end June 30 an increase in net profits from $ 445 million, or 40 cents per share, previous year, to $ 830 million, or 76 cents per share.

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DJIA slides as NASDAQ Composite Index decreases sharply

Tuesday, August 24th, 2010

The Dow Jones Industrial Average is having hard times. The American stock market hasn’t witnessed a bullish trend for a long time. Clouds are gradually gathering over the stock markets. Today’s trading is expected to be volatile once again.

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FTSE 100 index: BP plc (LON: BP), Aviva plc (LON: AV), BG Group plc (LON: BG) and AstraZeneca plc (LON: AZN) fall

Tuesday, August 24th, 2010

Aviva plc (LON: AV) shares went up to 385.70 points, ater a collapse by -5.50 (-1.41%) at the beginning of British trading. BP plc (LON: BP) continued its decline to 380.15 points, losing -10.45 (-2.68%).

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Lloyds Banking Group PLC (LON: LLOY) catches mad bearish trend

Tuesday, August 24th, 2010

Shares in British banks were down on the FTSE 100 in morning trading as investors continued to fret about the prospects of economic recovery. Royal Bank of Scotland Group plc shares continued to decline sharply to 44.81 points, losing -0.89 (-1.95%) in the early trading session. The other British banks fall even lower.

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Belle International Holdings earnings increase

Tuesday, August 24th, 2010

China’s largest retailer of women’s shoes Belle International Holdings has published data on the growth of profit in the first half by 37%. It is reported that net profit rose to 1.56 billion yuan ($ 229 million) or 0.18 yuan per share, compared with 1.14 billion yuan or 0.13 yuan per share for the same period a year earlier.

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GlaxoSmithKline plc (LON: GSK) falls as Cosco Pacific aims higher

Tuesday, August 24th, 2010

The third-largest operator of container terminals Cosco Pacific has published profit’s data. The Cosco profit had risen by 82% in the first half due to the recovery of world trade and sale of shares in the logistics enterprise.

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The treat of collapse: Lloyds Banking Group PLC (LON: LLOY) and Royal Bank of Scotland Group plc (LON: RBS) fall

Tuesday, August 24th, 2010

Royal Bank of Scotland Group plc (LON: RBS) shares continued to decline to 44.81 points, losing -0.89 (-1.95%) in the early trading session. Other British banks fall even lower. Anyway, Bulls still hope for better…

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