Company news

British families in 2017 spent more than they earned, for the first time since 1988

In 2017, the expenses and investments of British families on average exceeded their income by 900 pounds, which is observed in the country for the first time since 1988. This was reported by the Office for National Statistics. Last year, the ...
27.07.2018

Trade between China and African countries has grown more than 200 times since 1978

Trade between China and Africa in 2017 grew by more than 200 times compared to 1987 and reached $170 billion, finversia.ru writes. According to Ernst&Young, China's investment in Africa at the end of 2016 grew 100 times over a decade and ...
27.07.2018

The profit state-owned enterprises in China grew by 21% in six months

State-owned enterprises in China in the first half of the year increased profit by 21.1% compared to the same period last year to 1 trillion 720 billion yuan, the Ministry of Finance of the PRC reported. Revenues of state-owned companies reached ...
26.07.2018

UK financiers advocate maintaining access to a single market after Brexit

Representatives of the City of London want to convince the European Union to keep access for the British banks to a single European market after Brexit, and for this purpose, they plan to enlist the support of Belgium, Germany and Spain, the ...
26.07.2018

Harley-Davidson cut quarterly profit and earnings figures

Harley-Davidson, the largest motorcycle manufacturer in the United States, in the second quarter reduced its net profit to 242 million 300 thousand dollars from 258 million 900 thousand dollars for the same period last year. In earnings per ...
26.07.2018

The semi-annual profit of the French PSA grew by 18%

French automotive company PSA Group in the first half of the year increased its net profit by 18% year-on-year to a record 1 billion 481 million euros. Analysts had expected the figure at the level of 1 billion 150 million euros. Revenues reached ...
26.07.2018

Great Britain may lose about 12 thousand jobs in the financial sphere

The leader of one of the financial regions of London, Catherine McGuinness, speaking before the parliamentary committee on Britain's withdrawal from the EU, said that because of Brexit, from 3,500 to 12,000 jobs in the financial services can ...
26.07.2018

The growth of business activity in the euro area slowed in July

The composite business activity index of 19 eurozone countries in July fell to 54.3 points from 54.9 points a month earlier, according to preliminary data of IHS Markit. The July value only slightly exceeded the 18-month minimum reached in ...
26.07.2018

Whirlpool recorded a net loss in the second quarter

Whirlpool, the world's largest producer of household appliances, following the results of the second quarter, reported a net loss of $657 million against a profit of $189 million a year earlier. Profit without taking into account one-time factors ...
26.07.2018

UK plans to tighten regulation of M&A deals

The UK plans to revise the standards for acquiring companies, which will be a turning point for the world's fifth-largest economy, traditionally considered one of the most open markets for global mergers and acquisitions, finversia.ru writes. ...
26.07.2018

Oil prices moved to moderate growth

On Tuesday, oil prices increased moderately in anticipation of data on oil reserves in the US. By 14:25 Moscow time, the price of September futures for Brent crude rose by 3 cents to 73 dollars 9 cents per barrel. September futures for WTI ...
26.07.2018

Japan reduced the production of copper products by 3.3% in June

The production of copper mill products in Japan fell by 3.3% in June this year compared to the same month last year and amounted to 70 thousand 434 tonnes, preliminary data from the Copper and Brass Association of the country show. According ...
26.07.2018

Analysts at Evercore raised the forecast for Brent crude oil prices for 2018 and 2019

Analysts at Evercore raised the forecast for the average Brent oil price in 2018 from $65 to $70 per barrel, in 2019 - from $70 to $75 per barrel. They believe that fuel reserves will decline, despite the increase in production by the OPEC ...
26.07.2018

The confidence of German entrepreneurs in the country's economy slightly decreased in July

The confidence index of German entrepreneurs to the economy of the country in July fell to 101.7 points from 101.8 points in June, data of the research institute ifo showed. Analysts had expected even greater decline - to 101.5 points. The ...
26.07.2018

Net profit of Fiat Chrysler decreased by 35% in the second quarter

Automobile company Fiat Chrysler in the second quarter recorded a decrease in its net profit by 34.7% in annual terms to 754 million euros. Adjusted EBIT amounted to 1 billion 660 million euros, showing a decrease of 11%. Quarterly revenue ...
26.07.2018

General Motors cut semi-annual profit by 19.5%

American automaker General Motors in the first half of 2018 reduced its net profit by 19.5% in annual terms to 3 billion 436 million dollars, finversia.ru wrote with reference to the company's accounts. Diluted earnings per share fell to 2 ...
26.07.2018

Ryanair intends to reduce its fleet in Dublin by 20% in winter

Irish low-cost airline Ryanair announced its intention to reduce the number of planes based in Dublin by 20% from 30 to 24 units for the winter of 2018. The company explained this step by lowering in the amount of armored tickets, which was ...
26.07.2018

The UK continued its steady growth in retail sales in July

The balance of retail sales in July fell to a plus 20 points from a 9-month high of plus 32 points in June, marking the second strong month thanks to warm weather, which continued to support retail sales. This was reported by the Confederation ...
26.07.2018

The National Bank of Georgia reduced the refinancing rate

The National Bank of Georgia reported that the Committee on Monetary Policy at its meeting decided to reduce the refinancing rate by 25 basis points to 7% from 7.25% per annum. The decision is due to a slowdown in inflation and the growth of ...
26.07.2018

Profit and revenue of Boeing exceeded the forecasts in the second quarter

Net profit of the American Boeing in the second quarter increased by 26% in annual terms to $2 billion 200 million. Adjusted earnings per share were 3 dollars 33 cents, which exceeded analysts' forecast of 3 dollars 25 cents per share. Revenues ...
26.07.2018
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