May 16, 2013 11:47 AM ET
Aviva first quarter sales were flat at £5.46 billion and Dixons total group sales jumped 10%. National Grid profit for the year climbed 13% to £2.30 billion. Richemont profit for the year surged 30% to €2.01 billion. Thomas Cook net debt dropped 13% to £1.22 billion.
May 16, 2013 9:51 AM ET
Japanese GDP expanded 0.9% in the March quarter as consumer spending increased but the GDP deflator indicated price weakness, highlighting tough road ahead for the central bank. Three largest banks in Japan estimated weak earnings as aggressive monetary easing squeezes bond trading profits.
May 16, 2013 9:10 AM ET
Australian indexes closed lower after a weakness in resource stocks. Precious metal miners were in focus after gold fell below $1,400-mark. Australian dollar eased and extended plunge to 11-month low and the currency is down 10% from its high. Virgin Australia dives 17% on profit warning.
May 16, 2013 9:07 AM ET
Adani Ports fourth quarter net soared nearly three-fold. Bajaj Auto net slid 1% and Bajaj Finserv net rose 4%. L&T secured new orders worth Rs 2,542 crore and plans to sell India’s first inflation-linked bonds. RCapital net declined 20% and TTK net surged 42%.
May 15, 2013 11:43 AM ET
Market indexes in Europe closed higher and the euro zone economies shrank for the six quarter in a row. Germany barely grew and France dipped to a recession and the economies of Spain and Italy shrank 0.5% in the March quarter. Bank of England lifted economic growth outlook.
May 15, 2013 11:20 AM ET
Agilent Tech second quarter net plunged 35% and Computer Sciences fourth quarter net swung to $281 million profit. Deere net rose 2% above $1 billion and Macy’s first quarter net climbed 20% to $217 million and Pinnacle Foods surged 161%.
May 15, 2013 11:01 AM ET
U.S. stocks traded sideways but markets in Europe declined and in Asia extended recent highs. U.S. industrial production in April declined the most in eight months and producer price index fell 0.7%.
May 15, 2013 10:39 AM ET
easyJet loss in the first-half narrowed and ITV expects revenue to fell in first-half. LSE operating profit for the year fell 3% to £348.4 million. Severn Trent rejected £5.3 billion unsolicited offer. ThyssenKrupp net loss in the first-half narrowed to €822 million.
May 15, 2013 10:19 AM ET
Nikkei in Tokyo resumed its advance and jumped 2.3% and crossed 15,000 for the first time in five and a half years. For the year, the Nikkei has soared 45% on top of 23% rise in 2012. Mitsubishi UFJ Financial net declined and Isuzu Motor earnings were ahead of expectations.
May 15, 2013 9:43 AM ET
Australian indexes slipped after spot iron ore price declined in China and BHP highlighted restrained capital expenditure plan. Australian dollar traded at a new low for the year. UGL Limited plunged 17% on lowered earnings outlook.