Amcor has more than doubled full-year profit to $US597 million ($A752 million), as acquisitions dominated a year of strategic restructuring. While the packaging giant delivered profits well beyond last year’s $US244.1 million, Amcor’s revenue from ordinary activities for the year to June 30 fell 3.4 per cent to $US9.1 billion ($A11.5 billion). Amcor CEO Ron…
On Aug 18, we issued an updated research report on Terex CorporationTEX , a global equipment manufacturer. The company is set to benefit from progress on capital allocation strategy. Also its focus on portfolio restructuring and cost-saving initiatives is likely to boost results in the near term. Notably, Terex fulfilled its commitment to focus on…
It has been about a month since the last earnings report for PPG Industries, Inc. PPG . Shares have lost about 3.8% in that time frame, underperforming the market. Will the recent negative trend continue leading up to the stock’s next earnings release, or is it due for a breakout? Before we dive into how…
PARIS/COPENHAGEN (Reuters) – Total (TOTF.PA) is buying Maersk’s oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow. For Danish company A.P. Moller Maersk (MAERSKb.CO), the sale of Maersk Oil, with reserves equivalent to around 1…
Infrastructure and environmental services group Cardno said it was looking for “bolt-on” acquisitions after asset sales helped the group swing to an annual net profit of $8.6 million. The Brisbane-based company’s profit was boosted by the sale of a software business, XP Solutions, in September for $US49 million, allowing it to move back into profit…
Gov. John Carney held a signing ceremony Aug. 14 for House Bill 226, a major piece of legislation that restructures Delaware’s economic development efforts, with a focus on supporting Delaware small businesses, innovators and entrepreneurs. Carney also signed incorporation paperwork creating the Delaware Prosperity Partnership, a public-private partnership that will leverage private-sector resources to enhance…
by Caroline Binham and Emma Dunkley Regulators at the Bank of England are quietly getting ready to authorise the creation of the three largest banks to come into existence in Britain. According to the BoE’s Prudential Regulation Authority, the legal entities of HSBC, Barclays and Lloyds Banking Group will mark the biggest creation of banks…
Beijing: The Chinese government has officially put the brakes on Chinese companies pouring big money into overseas property development, issuing rules likely to have a significant impact in Australia. China’s State Council, or cabinet, issued the first rules on overseas investment by Chinese companies on Friday. Wanda Group president Wang Jianlin a year ago boasted…
While Japans flagship panel maker completed its biggest two-day rally this year on Thursday, bearish bets have climbed toward a record. Japan Display Inc. soared almost 12 percent this week, boosted by reports of strong quarterly sales of iPhones, which use the companys liquid-crystal displays. But short interest rose to 25 percent of free float…
Medical centres and pathology operator Primary Health Care has made a full-year loss of $517 million, after writing-down the value of its medical centres business. The company says it was hit with a non-cash impairment charge of $587 million in relation to its Medical Centres unit and underperforming sites, including the old Symbion sites. It…