Finance Director Ken Hanna said that with credit markets weaker this year, the cost of putting more debt on the drinks arm was not worthwhile. The unit is to raise $4 billion (2 billion pounds) to refinance old Cadbury debt and would need to raise another $2 billion to give a 50 pence-a-share return to [...]
Telstra Profit Beats Estimates on Wireless Services (Update4)
By Shani Raja and Simeon Bennett
Feb. 21 (Bloomberg) — Telstra Corp., Australias largest
telephone company, reported first-half profit that beat
estimates as sales of high-speed wireless and Internet services
offset lower revenue from fixed-line calls. [...]
Centrica Posts Profit on Lower Costs, Raises Spending (Update3)
By Paul Dobson
Feb. 21 (Bloomberg) — Centrica Plc, the U.K.s biggest energy
supplier, posted a second-half profit after a loss a year earlier
because of lower costs.
[...]
The FINANCIAL — Ford Motor Company of Southern Africa (FMCSA)Â on January 30Â announced plans to invest more than R 1.5 billion to expand operations for the production of Fords next-generation compact pickup truck and Puma diesel engine.
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The investment will commence in 2009 and be split between its assembly plant [...]
Bob
Charles, as managing director of the Asia Pacific division of consultancy firm
Watson Wyatt, can offer some insight into the way Indians prefer to save and
invest. Bob is the author of Watson Wyatt’s Ageing Workforce Asia-Pacific. A
Fellow of the Institute of Actuaries, UK, Bob advised some of India’s largest
private sector firms on actuarial and benefit [...]
Barclays , Royal Bank of Scotland , HBOS , HSBC , Standard Chartered , Alliance %26#038; Leicester and Lloyds TSB lost between 2.4 and 5.6 percent.
“The market was caught on the hop a little as the ISM index was released earlier than expected, citing a possible leak of the information as the reason,” said David [...]
Harmony May Extend Life of Mines to Revive Profit (Update1)
By Carli Lourens
Feb. 15 (Bloomberg) — Harmony Gold Mining Co., Africas
third-biggest producer of the metal, may extend the life of some
mines to exploit record bullion prices and help it recover [...]
Harmony May Extend Life of Mines to Revive Profit (Update2)
By Carli Lourens
Feb. 15 (Bloomberg) — Harmony Gold Mining Co., Africas
third-biggest producer of the metal, may extend the life of some
mines to exploit record bullion prices and help it recover [...]
Atos Origin Has 2007 Profit on Installs, Lower Costs (Update4)
By Rudy Ruitenberg
Feb. 15 (Bloomberg) — Atos Origin SA, Frances second-
biggest computer-services provider, posted a full-year profit
compared with a loss in 2006 as it benefited from demand for
computer installations and [...]
The FINANCIAL — Daimler AG (stock abbreviation DAI)Â on February 14Â presented its preliminary and unaudited figures for the Group and the divisions for the 2007 financial year.
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Daimler achieved EBIT of €8,710 million in 2007 (2006: €4,992 million), surpassing the earnings target of at least €8.5 billion that had previously been [...]
