G4S returns to profit as revenue from emerging markets surges March 10, 2015 CONTROVERSIAL security firm G4S has returned to profit after seeing its emerging market revenues surge, it emerged yesterday. The firm’s domestic market suffered in recent years due to fallout from the Olympic Games and government fines relating to electronic tagging. Last April, G4S had to refund the government £109m after an audit found it charged [...]
Ashmore assets continue to fall as investors retreat from emerging markets February 24, 2015 The figures Specialist emerging markets manager Ashmore has once again been hit by a strong dollar and a leak in investment. In the six months ending 31 December 2014, assets under management fell 15 per cent to $63.7bn (£41.7bn) as investors pulled $4.5bn from the company. Average assets under management were $71.2bn – eight per [...]
Aberdeen Asset Management share price hit by dip in emerging market appetite February 3, 2015 Volatility and a decline in investor sentiment for emerging market assets ensured Aberdeen Asset Management saw a decline in its portfolio during the three months ending 31 December. The quarterly results were particularly impacted by market conditions during December, which offset the positive inflows in equities seen during the preceding two months. A declining [...]
Twitter buys Indian mobile content marketing startup Zipdial as it eyes emerging markets January 20, 2015 Twitter has confirmed speculation that it’s buying Zipdial, a mobile content marketing startup based in India which lets users connect through Twitter without being online. Zipdial provides a “missed call” feature allowing users to receive inbound marketing via text message, app notifications or voice calls after making a call to a free number. Users avoid [...]
Under the bonnet: Key themes for emerging markets this year January 12, 2015 Dollar strength and plunging oil will have a big impact MUCH of the growth the global economy has seen since the financial crisis has emanated from emerging markets. But many analysts expect this narrative to change in 2015, with growth momentum shifting to developed markets like the US. Late last year, Fitch revised down its [...]
Outlook for 2015 better than last year, but emerging markets are a worry for Fitch December 16, 2014 Do you want the good news or the bad news? Let's go with the good: According to ratings agency Fitch, the global outlook is far more balanced for 2015 than it was this time last year. At the back end of 2013, there were twice as many negative as positive outlooks for sovereign creditworthiness, [...]
Global business confidence slumps to a five-year low: Europe, Japan and key emerging markets November 23, 2014 Global business confidence has slumped to a five-year low due to slow growth in Europe, Japan, and key emerging markets. The Markit global business outlook survey results released today shows business optimism falling sharply in October. However, UK companies were the most upbeat about the year ahead. A sharp downturn in business optimism has been [...]
Emerging markets and cancer drugs help Pfizer top forecasts October 28, 2014 SALES in emerging markets and growing demand for its cancer drugs led US pharmaceutical titan Pfizer to report stronger-than-expected quarterly results yesterday. Earnings for its third quarter rose to $2.67bn (£1.65bn), up from $2.59bn a year earlier. The figure beat analyst expectations, but left shares trading fairly flat yesterday. Revenue fell two per cent to [...]
Diageo sales on the rocks amid weakness in emerging markets October 16, 2014 Diageo suffered a 1.7 per cent fall in first quarter sales, as the slowdown in China, currency weakness, and sanctions against Russia took its toll on the business. The drinks giant behind Smirnoff vodka and Johnnie Walker whisky said yesterday that sales were down 1.5 per cent on an organic basis in the three months [...]
£15 Microsoft phone targets emerging markets August 11, 2014 Microsoft yesterday launched a budget mobile phone that will set buyers back just £15. The Nokia 130 reaffirms the world’s largest software company’s commitment to low-cost products after recently revealing plans to put an end to the Nokia’s existing low-cost handset ranges. The Nokia 130 is supposed to appeal to lower wage workers primarily in [...]