May 21, 2013 10:16 AM ET
Burberry profit for the year slipped 2.2% and Marks & Spencer profit declined 6.5% to £458 million. Royal Mail profit surged nearly three-fold to £570 million. United Internet profit pre-tax soared 41% and Vodafone profit tumbled 90% to £673 million.
May 21, 2013 10:02 AM ET
European markets stalled after a 3-week global markets rally. The pound declined after the UK inflation declined and home prices in London led the rise across the nation. Greek bonds rallied as the yield curve returns to normal pattern.
May 21, 2013 9:27 AM ET
U.S. stocks edged slightly higher as global markets traded sideways after a 3-week rally. Hedge fund SAC Capital was in focus as regulators are said to seek the closure of the fund. Fed Chairman Bernanke is set to testify before lawmakers tomorrow.
May 21, 2013 8:36 AM ET
Retail investors in Tokyo drove market trading in Tokyo as broader market indexes wavered after a 9% rise last week. Softbank plans a $3.9 billion bond offering to finance its purchase of Sprint Nextel Corp. GS Yuasa soared 17% after United Air resumed its Dreamliner flights.
May 21, 2013 8:06 AM ET
Reserve Bank of Australian said constrained credit growth and weakening inflation provided a backdrop for the latest rate cut. However, Boart Longyear joined other mining contractors lowered profit outlook. Stockland is exploring $400 million offering.
May 21, 2013 12:15 PM ET
Coal India net profit surged 90% and Diviís Labs net plunged 17%. Hotel Leelaventure net swung to profit and Gokaldas Exports net loss narrowed. IFCI net tumbled 32% and Tech Mahindra net climbed. Voltas net plunged 91%.
May 20, 2013 12:30 PM ET
Actavis agree to acquire Warner Chilcott for $8.5 billion. Tesoro cleared to buy BP''s refinery and other assets in California for $2 billion. Websense acquired by Vista Equity Partners in $906 million. Yahoo agreed to acquire Tumblr in $1.1 billion.
May 20, 2013 11:11 AM ET
U.S. stocks traded near flat lines on merger Monday. Warner Chilcott agreed to merge with Actavis for $8.5 billion. Yahoo raised questions after it agreed to acquire loss making Tumblr for $1.1 billion.
May 20, 2013 10:33 AM ET
FirstGroup declined on the rights issues plan and annual net plunged 78%. Impregilo secured Doha metro rail contract for Ä1.7 billion. Marks and Spencer expects lowest annual profit in four years. ENRC rejected offer of Kazakhstan consortium. Ryanair profit for the year surged 13%.
May 20, 2013 10:23 AM ET
Stocks in Tokyo gained for the second day in a row and utilities companies surged on the speculation that electricity makers plants may restart reactors. Osaka Gas and shipping companies jumped on the prospect of U.S. shale gas imports.