(Bloomberg) -- The following stocks may rise or fall in U.K. and Irish markets today. Stock symbols are in parentheses and prices are from yesterday's market close.
The benchmark FTSE 100 Index rose 7.5, or 0.1 percent, to 6469.4 in London. The FTSE All-Share Index gained 5.15, or 0.2 percent, to 3364.52.
Read more at Bloomberg Stocks News
Thursday, April 26, 2007
U.K. Pound Set for Weekly Decline as Investors Adjust to Rate Expectations
(Bloomberg) -- The pound is set for a weekly decline against the dollar on speculation the currency's recent rally already reflects prospects that the Bank of England will raise interest rates twice more this year to ward off inflation.
The pound last week soared to a 26-year high, breaching the $2 level, as traders increased bets the central bank will lift the benchmark rate twice more this year after inflation breached its target by more than a percentage point. The bank has indicated it expects the pace of price increases to moderate toward the year end, which may limit the scope for higher borrowing costs.
Read more at Bloomberg Currencies News
The pound last week soared to a 26-year high, breaching the $2 level, as traders increased bets the central bank will lift the benchmark rate twice more this year after inflation breached its target by more than a percentage point. The bank has indicated it expects the pace of price increases to moderate toward the year end, which may limit the scope for higher borrowing costs.
Read more at Bloomberg Currencies News
UPDATE 1-Sulzer says makes $2.2 bln offer for Bodycote
(Reuters) - Sulzer said it had made the final offer of 344.5 pence per Bodycote share which a 9 percent premium over Thursday's closing price of 315 pence.
Bodycote had rejected a previous offer from Sulzer of 332 pence per Bodycote share as unwelcome and too low.
Read more at Reuters.com Mergers News
Bodycote had rejected a previous offer from Sulzer of 332 pence per Bodycote share as unwelcome and too low.
Read more at Reuters.com Mergers News
U.S. Economy Probably Grew Last Quarter at Weakest Pace in Year on Housing
(Bloomberg) -- Shares of Microsoft Corp. rose after the world's biggest software maker said third-quarter earnings jumped 65 percent and forecast sales that may exceed analysts estimates for the next fiscal year.
The stock advanced as much as 5.2 percent to $30.60 in late trading yesterday after gaining 11 cents to $29.10 on the Nasdaq Stock Market.
Read more at Bloomberg Stocks News
The stock advanced as much as 5.2 percent to $30.60 in late trading yesterday after gaining 11 cents to $29.10 on the Nasdaq Stock Market.
Read more at Bloomberg Stocks News
Barclays may face SEC action over debt trading
(Reuters) - A separate lawsuit filed against the bank in March by a former employee alleges that Barclays' U.S. distressed debt desk, which deals in bankrupt company bonds, traded debt after "potentially gaining nonpublic information" through bankruptcy creditor committees.
The suit was filed in March by former Barclays analyst Michael Econn in the Manhattan federal court. Econn is seeking damages for alleged discrimination by Barclays because of his assistance of the SEC.
Read more at Reuters.com Business News
The suit was filed in March by former Barclays analyst Michael Econn in the Manhattan federal court. Econn is seeking damages for alleged discrimination by Barclays because of his assistance of the SEC.
Read more at Reuters.com Business News
UPDATE 1-Barclays may face SEC action over debt trading
(Reuters) - The Securities and Exchange Commission investigation looks into trading activity between 2002 and 2003 by a proprietary trading desk at Barclays, the bank said in a March SEC filing.
A separate lawsuit filed against the bank in March by a former employee alleges that Barclays' U.S. distressed debt desk, which deals in bankrupt company bonds, traded debt after "potentially gaining nonpublic information" through bankruptcy creditor committees.
Read more at Reuters.com Bonds News
A separate lawsuit filed against the bank in March by a former employee alleges that Barclays' U.S. distressed debt desk, which deals in bankrupt company bonds, traded debt after "potentially gaining nonpublic information" through bankruptcy creditor committees.
Read more at Reuters.com Bonds News
U.S. Economic Growth Probably Slowed Last Quarter on Housing, Investment
(Bloomberg) -- The U.S. economy grew in the first quarter at the slowest pace in more than a year, hobbled by flagging investment in business equipment and home construction, economists said before a government report today.
The projected 1.8 percent increase at an annual rate in gross domestic product, the sum of all goods and services produced, is the median estimate of 82 economists surveyed by Bloomberg News and follows a 2.5 percent gain in the fourth quarter. The growth rate would be the weakest since the last three months of 2005.
Read more at Bloomberg Bonds News
The projected 1.8 percent increase at an annual rate in gross domestic product, the sum of all goods and services produced, is the median estimate of 82 economists surveyed by Bloomberg News and follows a 2.5 percent gain in the fourth quarter. The growth rate would be the weakest since the last three months of 2005.
Read more at Bloomberg Bonds News
TREASURIES-Inch higher in Asia before GDP data
(Reuters) - The median of forecasts of analysts polled by Reuters is for first-quarter GDP, due at 1230 GMT, to rise to a 1.8 percent annual rate, compared with an increase of 2.5 percent in the fourth quarter of 2006.
Given recent mixed U.S. data, traders said the market was looking for clues from GDP to the strength of the economy and influence on the Federal Reserve's monetary policy decisions.
Read more at Reuters.com Bonds News
Given recent mixed U.S. data, traders said the market was looking for clues from GDP to the strength of the economy and influence on the Federal Reserve's monetary policy decisions.
Read more at Reuters.com Bonds News
Shanghai Copper Falls Limit to Three-Week Low After U.S. Housing Data
(Bloomberg) -- Shanghai copper fell the daily limit to its lowest in almost three weeks after a forecast for lower U.S. housing starts raised concern about demand and Peru's government declared illegal a miners' strike planned for April 30.
Single-family housing starts will fall to 1.16 million this year, the lowest since 1.13 million in 1997, said the National Association of Home Builders, yesterday in Washington. Peru's mine unions failed to present strike petitions on time, Labor Minister Susana Pinilla said in Lima yesterday.
Read more at Bloomberg Commodities News
Single-family housing starts will fall to 1.16 million this year, the lowest since 1.13 million in 1997, said the National Association of Home Builders, yesterday in Washington. Peru's mine unions failed to present strike petitions on time, Labor Minister Susana Pinilla said in Lima yesterday.
Read more at Bloomberg Commodities News
Asian Stocks Decline, Led by Japanese Banks; BHP Slides on Metals Prices
(Bloomberg) -- Asian stocks fell as Japanese inflation and industrial production reports heightened concern about growth in the region's biggest economy, and sliding metals prices dragged mining shares lower.
Mitsubishi UFJ Financial Group Inc., Japan's largest lender, slid to the lowest in more than a year. BHP Billiton Ltd., the world's biggest mining company, dropped for the first time in five days.
Read more at Bloomberg Stocks News
Mitsubishi UFJ Financial Group Inc., Japan's largest lender, slid to the lowest in more than a year. BHP Billiton Ltd., the world's biggest mining company, dropped for the first time in five days.
Read more at Bloomberg Stocks News
U.S. automakers not jumping into HD Radio
(Reuters) - Hyundai Corp. , BMW AG , and Ford Motor Co.-owned , Britain-based Jaguar plan to offer HD Radio, and other carmakers are also set to announce deals.
Because of the amount of time people spend listening to the radio in their cars, striking such deals will be critical if the technology is going to take off.
Read more at Reuters.com Business News
Because of the amount of time people spend listening to the radio in their cars, striking such deals will be critical if the technology is going to take off.
Read more at Reuters.com Business News
CapitaLand, Chartered Semiconductor, Keppel: Singapore's Equity Preview
(Bloomberg) -- The following shares may rise or fall in Singapore. Stock symbols are in parentheses and prices are from the previous market close.
The Straits Times Index added 1.3 percent to 3406.89. April futures added 1 percent to 418.3.
Read more at Bloomberg Stocks News
The Straits Times Index added 1.3 percent to 3406.89. April futures added 1 percent to 418.3.
Read more at Bloomberg Stocks News
Minnesota sues American Equity over annuity sales
(Reuters) - American Equity said it cooperated fully with the attorney general's requests for information, but was denied any opportunity to discuss products or sales practices with the Minnesota AG's office prior to the filing of its lawsuit.
"We strongly believe the allegations of the Attorney General are without merit," the company said in a statement.
Read more at Reuters.com Government Filings News
"We strongly believe the allegations of the Attorney General are without merit," the company said in a statement.
Read more at Reuters.com Government Filings News
UPDATE 1-Smurfit-Stone first quarter loss narrows
(Reuters) - The maker of cardboard and corrugated packaging posted a net loss of $55 million or 21 cents a share, compared with loss of $65 million or 25 cents a share, in the year-ago quarter.
Sales rose about 5 percent to $1.82 billion, the company said in a statement.
Read more at Reuters.com Market News
Sales rose about 5 percent to $1.82 billion, the company said in a statement.
Read more at Reuters.com Market News
UPDATE 3-America Movil seeks partners for T. Italia bid
(Reuters) - MEXICO CITY/MILAN, April 26 - Mexican cell phone company America Movil is searching for new partners, especially Italians, to buy control of Telecom Italia after AT&T Inc. pulled out, America Movil's CEO said on Thursday, but the seller Pirelli said there was no new offer yet.
Pirelli's chairman, Marco Tronchetti Provera, said he would not sell for below 2.82 euros per Telecom Italia share -- the price offered by America Movil and U.S. phone company AT&T . Telecom Italia is Italy's biggest phone group.
Read more at Reuters.com Mergers News
Pirelli's chairman, Marco Tronchetti Provera, said he would not sell for below 2.82 euros per Telecom Italia share -- the price offered by America Movil and U.S. phone company AT&T . Telecom Italia is Italy's biggest phone group.
Read more at Reuters.com Mergers News
Emcor Group Q1 profit rises, backs 2007 outlook
(Reuters) - April 26 - Emcor Group Inc. reported a higher quarterly profit that beat analysts' estimates, helped by robust balanced backlog, strong demand for its services across markets and cost control efforts.
The company said most operating segments posted outstanding performance, with the U.S. Electrical and U.S. Mechanical operations generating higher revenue and substantial increases in profitability.
Read more at Reuters.com Market News
The company said most operating segments posted outstanding performance, with the U.S. Electrical and U.S. Mechanical operations generating higher revenue and substantial increases in profitability.
Read more at Reuters.com Market News
Bristol names Cornelius CEO, profit beats forecast
(Reuters) - By Ransdell Pierson
NEW YORK, April 26 - Bristol-Myers Squibb Co. on Thursday said it had named its interim Chief Executive James Cornelius as leader of the company for the next two years, and reported first-quarter earnings well above forecasts.
Read more at Reuters.com Market News
NEW YORK, April 26 - Bristol-Myers Squibb Co. on Thursday said it had named its interim Chief Executive James Cornelius as leader of the company for the next two years, and reported first-quarter earnings well above forecasts.
Read more at Reuters.com Market News
Fairstar Shares Decline, Paladin Gains as Uranium Stock Frenzy Cools Off
(Bloomberg) -- Investors in uranium stocks, among the hottest industry groups in the world last year, are getting a reality check.
The shares of 64 of 218 uranium companies have dropped in 2007, compared with 27 in all of 2006. In a sign that the uranium mania is cooling, investors are fleeing companies they perceive as having little prospect of producing the mineral any time soon, such as Fairstar Resources Ltd. of Perth, Australia.
Read more at Bloomberg Stocks News
The shares of 64 of 218 uranium companies have dropped in 2007, compared with 27 in all of 2006. In a sign that the uranium mania is cooling, investors are fleeing companies they perceive as having little prospect of producing the mineral any time soon, such as Fairstar Resources Ltd. of Perth, Australia.
Read more at Bloomberg Stocks News
America Movil, Brasil Telecom, Guararapes, Vale, Vivo: Latin Equity Movers
(Bloomberg) -- Mexico's Bolsa rose for the first day in four, led by America Movil SAB after the mobile telephone company disclosed earnings that exceeded many analysts' estimates.
Mexico's Bolsa index rose 86.86, or 0.3 percent, to 29,531.01 at 10:34 a.m. New York time. Brazil's Bovespa index of the most- traded stocks on the Sao Paulo exchange fell 272.28, or 0.6 percent, to 49,403.31.
Read more at Bloomberg Stocks News
Mexico's Bolsa index rose 86.86, or 0.3 percent, to 29,531.01 at 10:34 a.m. New York time. Brazil's Bovespa index of the most- traded stocks on the Sao Paulo exchange fell 272.28, or 0.6 percent, to 49,403.31.
Read more at Bloomberg Stocks News
Israeli Shares Rally on Rate Optimism, Led by Hapoalim, Israel Chemicals
(Bloomberg) -- Israeli stocks rose for a third day after the shekel strengthened against the dollar, stoking speculation borrowing costs will fall.
Bank Hapoalim Ltd., Israel's largest lender, and Israel Chemicals Ltd., a fertilizer producer, led the advance.
Read more at Bloomberg Emerging Markets News
Bank Hapoalim Ltd., Israel's largest lender, and Israel Chemicals Ltd., a fertilizer producer, led the advance.
Read more at Bloomberg Emerging Markets News
Office Depot sales miss, shares fall
(Reuters) - "Sales in the second quarter may be similarly affected if the current business conditions persist in North America," Chief Executive Steve Odland said in a release.
The Delray Beach, Florida-based company, which operates nearly 1,200 retail stores in the United States and Canada, said quarterly sales rose 7.1 percent to $4.1 billion, missing the analysts' average forecast of $4.2 billion, according to Reuters Estimates.
Read more at Reuters.com Hot Stocks News
The Delray Beach, Florida-based company, which operates nearly 1,200 retail stores in the United States and Canada, said quarterly sales rose 7.1 percent to $4.1 billion, missing the analysts' average forecast of $4.2 billion, according to Reuters Estimates.
Read more at Reuters.com Hot Stocks News
Initial Unemployment Claims in U.S. Declined 20,000 Last Week to 321,000
(Bloomberg) -- Fewer U.S. workers filed first-time applications for unemployment benefits last week, while total jobless rolls indicate some softening in the labor market.
Initial jobless claims fell by 20,000 to 321,000 in the week ended April 21, the Labor Department said today in Washington. The four-week moving average, a less volatile measure, increased, and the number of people continuing to collect benefits rose to a two-month high.
Read more at Bloomberg Currencies News
Initial jobless claims fell by 20,000 to 321,000 in the week ended April 21, the Labor Department said today in Washington. The four-week moving average, a less volatile measure, increased, and the number of people continuing to collect benefits rose to a two-month high.
Read more at Bloomberg Currencies News
Wall Street indexes rise on earnings
(Reuters) - U.S. stocks rose on Thursday, sending the Dow to a record right after the open, as companies such as 3M Co. posted stronger-than-expected results, extending gains from the prior session when the Dow crossed 13,000 for the first time.
The Dow Jones industrial average was up 24.30 points, or 0.19 percent, at 13,114.19. The Standard & Poor's 500 Index
Read more at Reuters Africa
The Dow Jones industrial average was up 24.30 points, or 0.19 percent, at 13,114.19. The Standard & Poor's 500 Index
Read more at Reuters Africa
Barclays says ABN's LaSalle sale is open, fair
(Reuters) - But the RBS consortium will first have to unpick the sale of LaSalle, ABN's most attractive asset for RBS.
"It's open, transparent and fair," Diamond said at Barclays' annual shareholder meeting.
Read more at Reuters.com Bonds News
"It's open, transparent and fair," Diamond said at Barclays' annual shareholder meeting.
Read more at Reuters.com Bonds News
Biodel says IPO of 5 mln shares expected at $14-$16 each
(Reuters) - Biodel said it applied for a Nasdaq listing under the symbol "BIOD."
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
U.S. taxable funds report $15.75 bln inflows-report
(Reuters) - Taxable money fund yields averaged 4.73 percent, down from 4.76 percent the prior week, while tax-free yields rose 7 basis points to 3.18 percent.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
UPDATE1-Biodel says IPO of 5 mln shares expected at $14-$16/shr
(Reuters) - The Danbury, Connecticut-based company said in an amended filing with the U.S. Securities and Exchange Commission that Morgan Stanley & Co. Inc., Banc of America Securities LLC, Leerink Swann & Co. Inc., Natexis Bleichroeder Inc. were underwriting the IPO.
The underwriters will have an option to buy an additional 750,000 shares to cover over-allotments, the developer and marketer of treatments for endocrine disorders such as diabetes and osteoporosis said.
Read more at Reuters.com Bonds News
The underwriters will have an option to buy an additional 750,000 shares to cover over-allotments, the developer and marketer of treatments for endocrine disorders such as diabetes and osteoporosis said.
Read more at Reuters.com Bonds News
Applebee's receives preliminary takeover offers
(Reuters) - CHICAGO, April 26 - Applebee's International Inc. , which has been under pressure from activist investors to increase shareholder value, said on Thursday it has received several preliminary nonbinding proposals to buy the casual dining chain operator.
The company also said it has agreed to appoint former Securities and Exchange Commission Chairman Richard Breeden and another Breeden Capital Management LLC nominee to its board of directors in a settlement of a proxy fight over board seats.
Read more at Reuters.com Bonds News
The company also said it has agreed to appoint former Securities and Exchange Commission Chairman Richard Breeden and another Breeden Capital Management LLC nominee to its board of directors in a settlement of a proxy fight over board seats.
Read more at Reuters.com Bonds News
XM Satellite posts smaller quarterly loss
(Reuters) - NEW YORK, April 26 - XM Satellite Radio Holdings Inc. , which plans to merge with rival Sirius Satellite Radio Inc. , on Thursday reported a smaller first-quarter loss as it reaped more revenue from subscriptions, sending its shares up 3.5 percent.
The first-quarter loss attributable to common stockholders narrowed to $122 million, or 40 cents a share, from $149 million, or 60 cents a share, a year earlier.
Read more at Reuters.com Bonds News
The first-quarter loss attributable to common stockholders narrowed to $122 million, or 40 cents a share, from $149 million, or 60 cents a share, a year earlier.
Read more at Reuters.com Bonds News
Diamond Offshore quarterly earnings rise
(Reuters) - Analysts on average expected earnings of $1.47 a share, before special items, according to Reuters Estimates.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Millennium Pharmaceuticals Q1 loss narrows
(Reuters) - Excluding one-time items, the company earned 4 cents a share compared, with break even in the year-ago quarter. Analysts had on average expected the company to roughly break even, according to Reuters Estimates.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
UPDATE 1-MBIA first-quarter earnings flat
(Reuters) - NEW YORK, April 26 - MBIA Inc. , the world's largest bond insurer, reported nearly flat first-quarter earnings on Thursday as growth in insurance income was offset by a decline in investment management services income.
The bond insurer reported quarterly earnings of $198.6 million, or $1.46 a share, compared with $199.0 million, or $1.46 a share a year earlier.
Read more at Reuters.com Market News
The bond insurer reported quarterly earnings of $198.6 million, or $1.46 a share, compared with $199.0 million, or $1.46 a share a year earlier.
Read more at Reuters.com Market News
UPDATE 1-Hanesbrands posts fall in quarterly profit
(Reuters) - NEW YORK, April 26 - Bra and underwear maker Hanesbrands Inc. on Thursday reported sharply lower quarterly profit, hurt by restructuring costs related to its spinoff from Sara Lee last year, and higher interest expenses.
The maker of the Wonderbra and Champion T-shirts said net income in the first quarter was $12 million, or 12 cents per share, compared with $74.6 million, or 77 cents per share, a year earlier, before the spinoff.
Read more at Reuters.com Market News
The maker of the Wonderbra and Champion T-shirts said net income in the first quarter was $12 million, or 12 cents per share, compared with $74.6 million, or 77 cents per share, a year earlier, before the spinoff.
Read more at Reuters.com Market News
Halliburton first quarter profit rises
(Reuters) - Net income from continuing operations rose to 52 cents per share from 42 cents per share a year ago, matching analysts' forecast of 52 cents a share, according to Reuters Estimates.
Revenue in the quarter rose to $3.4 billion from $2.9 billion a year ago.
Read more at Reuters.com Business News
Revenue in the quarter rose to $3.4 billion from $2.9 billion a year ago.
Read more at Reuters.com Business News
Exxon Mobil profit boosted by refineries
(Reuters) - Oil prices dropped sharply at the beginning of the quarter as geopolitical tensions seemed to ease, but renewed friction with Iran as well as concerns about gasoline supplies have pushed prices back up.
The average price of U.S. crude was around $58 for the quarter -- about $5, or 8 percent, lower than year-earlier levels.
Read more at Reuters.com Business News
The average price of U.S. crude was around $58 for the quarter -- about $5, or 8 percent, lower than year-earlier levels.
Read more at Reuters.com Business News
UPDATE 1-Dolan Media files for $150 million IPO
(Reuters) - The Minneapolis-based company said in a preliminary filing with the U.S. Securities and Exchange Commission that it would use the proceeds from the offering to redeem preferred stock, to repay debt and for general corporate purposes.
Dolan Media's business information division publishes 69 business, court and commercial journals and newspapers, and operates Web sites in 19 markets.
Read more at Reuters.com Government Filings News
Dolan Media's business information division publishes 69 business, court and commercial journals and newspapers, and operates Web sites in 19 markets.
Read more at Reuters.com Government Filings News
UPDATE 2-Iberdrola Q1 net beats forecasts, sees more growth
(Reuters) - MADRID, April 26 - Spanish power utility Iberdrola posted a forecast-beating 13.6 percent rise in first-quarter, net profit on Thursday and said it was on track to improve its full-year results by more than 10 percent.
Iberdrola said its net profit came in at 485.2 million euros , beating the 449 million euros forecast in a Reuters poll of 11 analysts, as international generation made up for a drop in demand and prices in Spain.
Read more at Reuters.com Mergers News
Iberdrola said its net profit came in at 485.2 million euros , beating the 449 million euros forecast in a Reuters poll of 11 analysts, as international generation made up for a drop in demand and prices in Spain.
Read more at Reuters.com Mergers News
CEZ Starts Releasing Data on Generator Availability to Boost Transparency
(Bloomberg) -- CEZ AS, the Czech Republic's biggest power company, started releasing data on which of its generators were available to produce power, as part of an effort to make Czech electricity trading more transparent.
The data, which were posted on the company's Web site today for the first time, are a plan for May and the outlook for the whole year.
Read more at Bloomberg Energy News
The data, which were posted on the company's Web site today for the first time, are a plan for May and the outlook for the whole year.
Read more at Bloomberg Energy News
Germany Plans to Raise Sales of Inflation-Linked, Foreign-Currency Bonds
(Bloomberg) -- Germany will probably sell inflation- linked bonds with maturities other than 10 years and issue more debt denominated in foreign currencies, the head of the finance agency that manages the sales told journalists in Frankfurt.
As well as bonds with coupons linked to euro-area inflation, sold by Germany for the first time last year, the government may sell debt in foreign currencies to add to its premier sale of a U.S. dollar bond in 2006, Finance Agency Managing Director Gerhard Schleif said. The federal government is expanding its debt instruments in a bid to win new customers, Schleif said.
Read more at Bloomberg Bonds News
As well as bonds with coupons linked to euro-area inflation, sold by Germany for the first time last year, the government may sell debt in foreign currencies to add to its premier sale of a U.S. dollar bond in 2006, Finance Agency Managing Director Gerhard Schleif said. The federal government is expanding its debt instruments in a bid to win new customers, Schleif said.
Read more at Bloomberg Bonds News
Spanish Shares Advance as Builders Rebound After Rout; Sacyr and FCC Climb
(Bloomberg) -- Spanish stocks rose, led by Sacyr Vallehermoso SA, the country's fifth-biggest builder, and Fomento de Construcciones y Contratas SA, its third-largest construction company.
Banco Sabadell SA gained after Spain's fourth-biggest bank reported earnings that were more than analysts estimated. Banco Espirito Santo SA advanced in Portugal after saying profit jumped 33 percent.
Read more at Bloomberg Stocks News
Banco Sabadell SA gained after Spain's fourth-biggest bank reported earnings that were more than analysts estimated. Banco Espirito Santo SA advanced in Portugal after saying profit jumped 33 percent.
Read more at Bloomberg Stocks News
Vietnam Ships 174,000 Tons of Coffee in March, 45 Percent Above Estimate
(Bloomberg) -- Vietnam's government said it exported 45 percent more coffee in March than the world's second-biggest shipper of the beans originally estimated.
The Asian nation shipped 174,000 tons of coffee, compared with a previous estimate of 120,000 tons, the General Statistics Office in Hanoi said yesterday. The revision boosted Vietnam's total first-quarter coffee exports to 536,000 tons. Shipments for January to April may rise 84 percent to 656,000 tons from the same period in 2006, the Statistics Office said.
Read more at Bloomberg Commodities News
The Asian nation shipped 174,000 tons of coffee, compared with a previous estimate of 120,000 tons, the General Statistics Office in Hanoi said yesterday. The revision boosted Vietnam's total first-quarter coffee exports to 536,000 tons. Shipments for January to April may rise 84 percent to 656,000 tons from the same period in 2006, the Statistics Office said.
Read more at Bloomberg Commodities News
UPDATE 1-UK watchdog to probe train rolling stock leasing
(Reuters) - LONDON, April 26 - Britain's Office of Rail Regulation said on Thursday it was referring the leasing of train rolling stock for franchised passenger services to the Competition Commission for further investigation.
"ORR remains of the view that certain market features are limiting competition and have the potential to lead to higher prices and a poorer quality of service than would otherwise be the case in a more competitive environment," the ORR said.
Read more at Reuters.com Government Filings News
"ORR remains of the view that certain market features are limiting competition and have the potential to lead to higher prices and a poorer quality of service than would otherwise be the case in a more competitive environment," the ORR said.
Read more at Reuters.com Government Filings News
FTSE 100 Index Gains, Paced by Compass and Amvescap; Shire, Rio Tinto Rise
(Bloomberg) -- U.K. stocks advanced, paced by Compass Group Plc after smaller rival Sodexho Alliance SA raised its outlook for the year. Amvescap Plc climbed before reporting first-quarter earnings.
Shire Group Plc gained after JPMorgan Chase & Co raised its price estimate for the shares by 10 percent. Rio Tinto Group paced mining shares higher.
Read more at Bloomberg Stocks News
Shire Group Plc gained after JPMorgan Chase & Co raised its price estimate for the shares by 10 percent. Rio Tinto Group paced mining shares higher.
Read more at Bloomberg Stocks News
Dutch group Stork Q1 net up 2 pct, aviation weak
(Reuters) - AMSTERDAM, April 26 - Dutch industrial group Stork NV said on Thursday first-quarter net profit rose 2 percent, at the low end of expectations, as weak earnings from its aerospace unit offset robust results from other divisions.
Net profit increased to 19 million euros , compared with forecasts ranging from 18 million to 23 million euros in a Reuters poll of five analysts. Earnings before interest and tax were up 5 percent to 25 million euros.
Read more at Reuters.com Mergers News
Net profit increased to 19 million euros , compared with forecasts ranging from 18 million to 23 million euros in a Reuters poll of five analysts. Earnings before interest and tax were up 5 percent to 25 million euros.
Read more at Reuters.com Mergers News
Israeli TA-25 Benchmark Index Reaches Record High: World's Biggest Mover
(Bloomberg) -- Israel's benchmark stock index climbed for a third day. Africa Israel Investments Ltd., a holding company controlled by Israeli diamond billionaire Lev Leviev, led gains.
The TA-25 Index added 18.29, or 1.7 percent, to 1080.22 at 11:12 a.m. in Tel Aviv, posting the biggest fluctuation among equity markets included in global benchmarks.
Read more at Bloomberg Stocks News
The TA-25 Index added 18.29, or 1.7 percent, to 1080.22 at 11:12 a.m. in Tel Aviv, posting the biggest fluctuation among equity markets included in global benchmarks.
Read more at Bloomberg Stocks News
Lincoln National explores sale of unit: WSJ
(Reuters) - Lincoln could not immediately be reached for comment.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
Emirates airline profit jumps, may buy more A380s
(Reuters) - Emirates Chairman Sheikh Ahmed bin Saeed al-Maktoum said the airline was close to a compensation deal with Airbus on its delayed A380s and may buy more of the aircraft.
"We are very close to completing in the next few weeks the compensations," he told reporters in Dubai. "In terms of cancelling the A380s, no. Maybe we are buying more," he added.
Read more at Reuters.com Market News
"We are very close to completing in the next few weeks the compensations," he told reporters in Dubai. "In terms of cancelling the A380s, no. Maybe we are buying more," he added.
Read more at Reuters.com Market News
UPDATE 1-Dutch group Stork Q1 net up 2 pct, aviation weak
(Reuters) - Net profit increased to 19 million euros , compared with forecasts ranging from 18 million to 23 million euros in a Reuters poll of five analysts. Earnings before interest and tax were up 5 percent to 25 million euros.
Stork said Aerospace Industries would continue to be weak for the rest of the year and possibly into 2008.
Read more at Reuters.com Market News
Stork said Aerospace Industries would continue to be weak for the rest of the year and possibly into 2008.
Read more at Reuters.com Market News
NYSE Group quarterly profit rises
(Reuters) - NYSE Euronext said that because the combination between NYSE Group and European stock exchange operator Euronext NV was consummated on April 4, the first-quarter results include the full-quarter results from the operations of NYSE Group only.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
UPDATE 1-TSMC posts weak Q1 profit, but recovery in place
(Reuters) - TAIPEI, April 26 - TSMC , the world's top contract chip maker, posted its smallest profit in seven quarters on poor chip demand, but the downturn is near bottom as new PCs and consumer products fly off store shelves.
Armed with its economic scale that yields higher profit margins, analysts say Taiwan Semiconductor Manufacturing Co. Ltd.
Read more at Reuters.com Market News
Armed with its economic scale that yields higher profit margins, analysts say Taiwan Semiconductor Manufacturing Co. Ltd.
Read more at Reuters.com Market News
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