SUNTORY WHISKY AND CIGAR TASTING COMPETITION April 27, 2012 WIN A SUNTORY WHISKY AND CIGAR TASTING EVENING AT EIGHT CLUB, IN THE HEART OF THE CITY Suntory and Eight Club are offering five pairs of tickets to an exclusive whisky and cigar sampling evening conducted by Zoran Peric and Przemek Zaneap at the club’s Moorgate premises. Address: 1 Dysart Street, London EC2 2BX Tel: [...]
Samsung hits record $5.2bn profit thanks to Galaxy April 27, 2012 Samsung Electronics posted a record $5.2bn (£3.2bn) quarterly profit as it shifted over 20,000 Galaxy smartphones an hour in January-March, outselling Apple’s iPhone in a duel for the lucrative high end of the mobile industry. Chairman Lee Kun-hee’s South Korean group, whose $190bn market value is 11 times that of Japanese rival Sony, sold 93.5m [...]
Honda doubles quarterly profit April 27, 2012 Honda posted a more than doubling in quarterly operating profit, as production recovered from the earthquake and tsunami in Japan last year, and it forecast a 38 percent rise in global sales in the year ahead as it makes up for lost time. The company, which has lagged a recovery from the effects of disasters [...]
WPP raises full year forecast April 27, 2012 WPP, the world’s largest advertising group, nudged its full-year outlook higher after strong growth in Asia Pacific and Latin America got the group off to a solid start to 2012. Martin Sorrell’s firm said revenues on a like-for-like basis were up four percent in the first quarter and said it now expected full-year revenues to [...]
FTSE lifted by Shell and Barclays boost April 26, 2012 The FTSE 100 opened on the front foot today with gains fuelled by the energy sector after Shell reported encouraging fourth quarter profits. In banking Barclays announced a 22 per cent rise in first quarter earnings, which also helped to inject some momentum into the market. Investors shrugged off yesterday’s bleak news that the UK [...]
Barclays profit up as investment bank bounces back April 26, 2012 Barclays posted a 22 percent rise in first-quarter profit, ahead of market forecasts, as a strong rebound in revenue from its investment banking arm and a drop in bad debt countered increased compensation for insurance mis-selling. The bank reported an adjusted pretax profit of £2.45bn in the three months to end-March, up from 2 billion [...]
Unilever buoyed by price hikes April 26, 2012 Consumer goods giant Unilever warned of a tough economic environment and higher inputs costs as its price hikes and emerging market growth helped first-quarter sales beat forecasts with a 8.4 per cent rise. The Anglo-Dutch maker of brands like Dove and Knorr is facing slower growth in developed nations while competition from key rivals is [...]
AstraZeneca chief quits as earnings fall April 26, 2012 AstraZeneca chief executive David Brennan is to step down on 1 June in an abrupt exit that follows rising investor discontent at the company’s performance. Underlying earnings fell 19 per cent in the first quarter, underscoring the drug company’s need to find new sources of growth as key products lose patent protection. Britain’s second-biggest drugmaker [...]
Deutsche Bank misses profit forecast April 26, 2012 Deutsche Bank missed market expectations for profits in the first quarter as Germany’s biggest bank was hit by one-off charges and weak markets which hurt earnings from trading and asset management. Group pretax profit of 1.9bn euros, came in below the 3 billion euros in the year-earlier period and the 2.4bn euro forecast in a [...]
Shell earnings rise fuelled by higher oil prices April 26, 2012 Royal Dutch Shell beat forecasts with an 11 per cent rise in fourth-quarter profit, as higher oil prices outweighed the impact of lower U.S. gas prices. Europe’s largest oil company by market capitalization said its current cost of supply (CCS) net income was $7.7bn (£4.7bn). Excluding one-offs, the result was $7.27bn, compared with a forecast [...]
