Archive for July, 2010

Michelin in H1 profit, sees rebound continue

July 31, 2010

Michelin announced a net profit in the first half, when it was lost a year earlier and said he expected a continued rebound in demand for tires in the second half of the year. The group, world leader with Japan's Bridgestone, has reached the first six months of 2010 ...

AstraZeneca double its share buybacks, strong results

July 29, 2010

AstraZeneca announced the doubling of its program of share buybacks in 2010, encouraged by the publication of strong results and after the green light given by an expert panel of the U.S. Food Brilinta its anticoagulant, a blockbuster potential. The title earned more than 4% on the London Stock ...

Nexans provides a return to net profit in 2010

July 28, 2010

Nexans Account return to profit on its overall performance, with a rebound expected sales in the second half after posting another loss during the first six months of the year. The group now expects an operating margin of 4.5% over the whole year after reaching its target of 4% ...

FedEx raised its forecast for first quarter and the year

July 26, 2010

FedEx raised its earnings forecast for the current quarter and the full year, citing higher than expected growth in volumes from its two main divisions, Express and Ground. The U.S. company now expects annual earnings per share from 4.60 to 5.20 dollars, against 4.40 to 5.00 dollars allocated so ...

Scania beats consensus Q2

July 24, 2010

The truck manufacturer Scania said on Friday quarterly profit before tax greater than expected and provides sustained delivery of vehicles over the next three months. The group resumed and after a difficult period, marked by falling demand due to global economic recession. Scania has released its results after ...

European shares close an increasing, Paris won 3.05%

July 22, 2010

European shares ended sharply higher, thanks to good corporate results and the publication of U.S. statistics reassuring. In Paris the CAC 40 index finished up sharply from 3.05% or 106.65 points to 3600.57 points. Prices were supported by bank stocks, sector index ended with a gain of 3.16%, ...

Accor is accelerating its development in India

July 21, 2010

Accor announced Wednesday the creation of a hotel investment fund in India with InterGlobe to accelerate its development in the country. The fourth global hotel group has made India and China its main axes of development in Asia. The French group said in a statement that the agreement ...

Oil prices finish up 0.7% in New York

July 19, 2010

Oil closed up for the first time in four sessions on Monday on the New York market, thanks to gains on Wall Street and tightness in the refining world following the closure of a major Chinese port. The contract on August U.S. light crude ended on an increase of ...

Outlook uncertain for Citi and Bank of America

July 16, 2010

Bank of America and Citigroup reported earnings above expectations, due to a drop in credit losses, but prospects are uncertain declines in their share price. As at JPMorgan Chase, which published its accounts on Thursday the results of Citi and BofA in the investment bank emerged down, which does ...

Novartis shines with its outlook for 2010 raised

July 15, 2010

Novartis AG Thursday unveiled figures slightly better than expected second quarter 2010 but has attracted attention in revising upward its forecasts for the current year. Thanks to strong sales of vaccines, the group now expects growth at constant exchange rates, its revenues would fall between the middle and upper ...

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