News Highlights: Top Equities Stories of the Day
04 May 2016 - 7:15AM
Dow Jones News
Deutsche Telekom 1Q Net Profit Surges on Gain From JV Stake Sale -- Update
Germany's Deutsche Telekom AG on Wednesday reported an almost
fourfold rise in net profit for the first quarter, driven by a
one-time gain from selling a U.K. telecommunications joint venture,
and said it was on track for full-year targets. (published 0538
GMT)
Proximus Profit Pressured by Foreign Business
Belgian telecommunications company Proximus posted a 13% drop in
first-quarter net profit as total income declined, especially in
its operations outside Belgium. (published 0540 GMT)
AB InBev Net Profit Dips on Currency Factors
Anheuser-Busch InBev NV on Wednesday said unfavorable currency
effects damaged net profit in the first quarter of the year.
(published 0534 GMT)
Air France-KLM Loss Narrows
Franco-Dutch airline group Air France-KLM said Wednesday that
lower fuel costs helped earnings in the first quarter but it
remained in the red. (published 0526 GMT)
Aeropostale Files for or Bankruptcy Protection
Aeropostale Inc. filed for bankruptcy protection in a U.S. court
in New York, with an initial plan to close 154 stores in the U.S.
and Canada. (published 0508 GMT)
Siemens Profit Beats Forecasts
German engineering giant Siemens AG reported a 63% drop in net
profit for the second quarter of its fiscal year 2016, after the
year-earlier figures were buoyed by one-off gains from asset sales.
(published 0500 GMT)
Société Générale's Retail Bank Offsets Choppy Markets
French bank Société Générale SA on Wednesday reported an
increase in first-quarter net profit, as a debt valuation
adjustment and a strong retail banking performance helped offset
lower trading revenue from choppy markets. (published 0446 GMT)
Syngenta Names Univar's Erik Fyrwald as New CEO
Swiss seed and pesticide company Syngenta AG said Wednesday that
it has appointed Erik Fyrwald as chief executive, effective June 1.
(published 0532 GMT)
Metro Pacific 1Q Net Profit PHP2.63 Bln, Up 7.8% On Year
Metro Pacific Investments Inc. said Tuesday net profit in the
first quarter rose 7.8% on year to 2.63 billion pesos on the back
of strong growth from its tollroad operations, a higher share from
the earnings of power distributor Manila Electric Co. and steady
performance of its hospital business. (published 0531 GMT)
Microsoft Aims to Wrangle Data for Office Teams With SharePoint Revamp
REDMOND, Wash. -- Startups such as Slack Technologies Inc. and
Box Inc. get much of the buzz in the business of simplifying
workplace collaboration. (published 0401 GMT)
Giordano International 1Q Gross Profit Down 6% at HK$754 Million
Giordano International Ltd.'s first-quarter gross profit fell 6%
from a year earlier as weak consumer sentiment took a toll on its
profitability. (published 0415 GMT)
Ayala Land 1Q Net Profit PHP4.7 Bln; Up 14% on Year
Philippine property developer Ayala Land Inc. said Wednesday net
profit in the first quarter rose 14% on year to 4.7 billion pesos
on steady demand for its various real estate projects. (published
0457 GMT)
Dexus Mulls Expansion into Healthcare Real Estate
Dexus Property Group, Australia's biggest office landlord, isn't
averse to expanding its horizons into emerging property sectors,
such as healthcare, after a takeover bid for rival Investa Office
Fund was voted down by investors last month. (published 0353
GMT)
(END) Dow Jones Newswires
May 04, 2016 02:00 ET (06:00 GMT)
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