Silver Scorpio - International News | Spot News | Top News | Flash News | Live News
July 15 (Reuters) – Leading Turkish conglomerate Koc Holding (KCHOL.IS) targets an increase of 18 percent in its turnover and 20 percent in its operating profit this year, Dunya newspaper reported the group’s CEO Turgay Durak as saying.
Durak was quoted as telling a group magazine that the group would continue to focus on energy, automotive, consumer durables and financial sectors and would invest 2.2 billion lira ($1.42 billion) this year. ($1=1.545 Turkish Lira) (Editing by Hans Peters)
July 14 (Reuters) – Belgian supermarket group Delhaize (DELB.BR) is in talks with Serbia’s Delta Holding to acquire a stake in its retail chain Delta Maxi, Belgian daily De Tijd reported on Wednesday.
Delta Maxi operates supermarket chains Maxi and Tempo. It is active in Serbia, Montenegro, Bosnia and Herzegovina, and Bulgaria and expects turnover of 1.74 billion euros ($2.21 billion) for 2010.
Delhaize already operates stores in Romania, and has said it is interested in expanding its activities into the Balkans.
It was unlikely to obtain more than just over 50 percent in the group, De Tijd said.
Delhaize was not immediately available for comment. ($1=.7869 euro) (Writing by Antonia van de Velde; editing by Elaine Hardcastle)
TAIPEI, June 6 (Reuters) – Taiwan stocks rose 1.46 percent on
Tuesday as investors chased big tech shares including TSMC
(2330.TW) and HTC (2498.TW) and shipping firms that have brighter
earnings prospects this year.
The main TAIEX share index fell in early trade but
changed course after a rise in Chinese shares to close up 108.52
points at 7,548.48. The rise extended a 2.6 percent rebound in
the past two sessions from a three-week closing low.
Smartphone maker HTC Corp, the market’s most active stock by
turnover, jumped 4.98 percent following upgrades by Yuanta
Research and HSBC on Monday. TSMC shares rose 2.57 percent,
lifting the electronics sector .TELI up 1.23 percent.
The financial sub-index .TFNI gained 1.25 percent.
(US$1=T$32.2)
(Reporting by Baker Li, Editing by Jonathan Standing)
June 25 (Reuters) – China’s key stock index ended 0.5 percent lower on Friday with trade volumes holding near their lowest in 17 months, as a much-awaited major listing of a domestic bank sapped investor demand for other shares.
The benchmark Shanghai Composite Index .SSEC slipped to 2,552.8 points, falling for a third consecutive session.
For the week however, the benchmark index, one of the worst performers in the world this year, managed to climb 1.6 percent, its best weekly performance this month, as China’s move to relax its hold over the yuan this week gave a filip to markets worldwide.
“The market has been performing poorly so it would take some time to rebuild confidence before buyers start coming back,” said Cheng Yi, an analyst at Xiangcai Securities.
Turnover was very light at 51.5 billion yuan ($7.58 billion), marginally above the previous day’s total, which set a 17-month low. ($1=6.799 Yuan) (Reporting by Koh Gui Qing, Editing by Edmund Klamann)
June 24 (Reuters) – German industrial bellwether Siemens (SIEGn.DE) will unveil new profitability targets in mid-November that will focus on earning greater returns for its shareholders than those offered by capital markets. Chief Executive Peter Loescher told reporters on Wednesday evening that he intends to switch the focus for his three core manufacturing businesses away from operating margins to parameters such as their return on capital employed (ROCE), which express how efficiently management allocates its funds.
Stocks | Global Markets | Industrials
Revenue growth targets will be tailoured specifically to its sales markets, he explained. Previously Siemens aimed to increase its turnover at a rate that doubled global economic growth.
(Reporting by Jens Hack)
(Reuters) – Argentina have become the bookies’ favorite to win the first World Cup on African soil, after two clear wins in their opening matches while their closest competitors have failed to impress.
Sports
Bookmaker William Hill said England’s lackluster goalless draw with Algeria on Friday was one of the most profitable matches involving the national team ever as fans lost money on bets for them to win in Cape Town.
“The game against Algeria was probably the biggest winning match involving England for us ever — we made an absolute fortune,” said William Hill spokesman Graham Sharpe.
“On that match I estimate that the British bookmaking industry made 10 million pounds ($14.8 million),” he added.
Sharpe said the overall turnover may be affected if England, who meet Slovenia on Wednesday in their last group match, do not qualify for the second round.
“What will happen is that overall turnover will go down,” he said. “British punters will lost interest in the World Cup if England go out.”
But he said internet sales from 188 countries would continue.
Both bookmakers Ladbrokes and William Hill had Spain as favorites to win ahead of the tournament but their surprise 1-0 loss against Switzerland in their tournament opener prompted a fall from grace.
The bookmakers now have Diego Maradona’s team as favorites after wins against Nigeria and South Korea have virtually guaranteed their place in the second stage.
“On the weight of their performance and that they are now going to qualify, it’s pretty logical that they are now favorites,” said Sharpe.
William Hill:
Argentina 9/2
Spain 5/1
Brazil 5/1
Holland 13/2
Germany 8/1
Ladbrokes:
Argentina 7/2
Brazil 4/1
Spain 5/1
Germany 7/1
Holland 7/1
(Reporting by Opheera McDoom, Editing by Nigel Hunt)
London, May 18 (ANI): The Old Forge pub at Inverie, on the Knoydart Peninsula in the West Highlands, has been put up for sale for 790,000 pounds, despite the fact it has no roads leading to it and takes an 18 mile hike or a seven mile sea crossing to reach.
The easiest way to get to the most remote pub in Britain is via a 45-minute ferry crossing or a 20-minute water taxi from the small harbour town of Mallaig.
Owners Ian and Jackie Robertson have had the pub for 20 years but have decided to retire.
“I turn 65 next year and we have decided the time has come to retire. We have thoroughly enjoyed building up the business, but it is a lot of hard work and someone younger should now be given the opportunity to enjoy it,” the Scotsman quoted Robertson as saying.
The property comes with 10 private moorings, a waterfront bar and restaurant, and owners’ accommodation as well the potential to acquire another house with outline planning permission.
David Reid, of selling agents Knight Frank, said: “There is no question that the Old Forge is a rare find and it will appeal to those looking for a new lifestyle in a remote location, but with the added benefit of a superb business showing exceptional turnover, strong performance, yearly growth and good net profits.” (ANI)
(Reuters) – Shares of Europe-focused fashion retailer Esprit Holdings (0330.HK) fell 5.6 percent to a more than three-month low on growing concern about the spread of Europe’s debt crisis to other weak eurozone countries.
Hot Stocks
The shares fell to HK$51.50, the lowest since January 26, compared with a 2.14 percent drop in broader Hang Seng Index .HSI.
Esprit, which competes with Swedish clothing retailer Hennes & Mauritz (HMb.ST), U.S. group GAP (GPS.N) and Spain’s Inditex (ITX.MC), said total sales in the nine months ended March eased 1.8 percent from a year earlier, despite an improving global economy.
Sales in Europe accounted for 84 percent of Esprit’s total turnover during the nine-month period.
(Reporting by Donny Kwok)
London, Apr 21 (ANI): Britain”s Queen Elizabeth has honoured a non-resident Indian with the Queens Award for Enterprise 2010 for the second consecutive year.
Dr. Rami Ranger MBE, the The Managing Director of Sun Mark Ltd was honoured after his firm”s sales continued to grow despite the global financial meltdown.
According toa press release, The company”s turnover grew by over 45 percent last year and is fast approaching 100-million mark.
It is a considerable achievement by any standard, especially when the company started its operation just 15 years ago.
The company exports British supermarket products to over 90 countries with staggering results and market penetration. Needless to say, due to its export activities, it not only generates wealth and employment for Britain directly, but also helps other British companies grow which are connected
with its export activities like transport, shipping and manufacturing.
Dr. Ranger said he is optimistic that his company, which is a leading force in exports, will continue to drive hard and be a recipient for many more such awards for sustainable growth and for
excellence.
He said that the second award shows that “when the going gets tough, the tough get going”. (ANI)
The sector has resisted the economic crisis and is innovating and creating jobs
SMEs are driving the industry
PARIS–(Business Wire)–
Truffle Capital, the leading European private equity firm, has just published
(in collaboration with analysts at CXP and with the support of the Syntec
Informatique industry body) the 6th edition of the Truffle 100 France ranking of
the country’s top software companies.
“2009 was a particularly difficult year. However, in the midst of this major
crisis, the French software industry demonstrated that it was surprisingly
resilient. Turnover grew slightly and the industry remained profitable while
innovating, preparing for the future and continuing to invest heavily in R&D.
The 100 software companies of the Truffle 100 announced the net creation of 500
skilled jobs,” commented Bernard-Louis Roques, Managing Partner for IT at
Truffle Capital. “The software industry continues to innovate and is resolutely
turned towards the future, creating new jobs in the midst of the crisis and
investing more in R&D in 2009 than in 2008. Rather than giving way to
short-termism, software companies are pragmatic optimists and 45% believe that
they will do well as the economy recovers,” added Bernard-Louis Roques.
According to Syntec Informatique, these R&D jobs confirm the research tax credit
positive impact on employment within the software industry.
Industry turnover increased from €3.8 billion in 2008 to €4 billion in 2009,
although profits fell from 7.6% to 4.3% of total turnover. The economic crisis
hit large companies harder than it did SMEs, since only 60% of the top 50
companies maintained or grew their sales, versus 76% of the 50 smallest.
An innovative sector that creates jobs – In 2009, 750 million Euros have been
spent in France for the R&D (700 million in 2008), reflecting the resumption of
investment in this promising sector. Staff numbers in general and R&D staff
numbers in particular continue to grow, rising from 51,198 in 2008 to 53,933 in
2009 and from 10,089 to 10,518, respectively.
An uneven distribution – Despite strong sector dynamism and an increase in total
turnover, there is a very uneven distribution in terms of sales figures.
Small companies – the industry drivers – Although the multinationals are still
present, they are still suffering as a result of the economic crisis and the
SMEs have taken over the reins. The SMEs feel that they are rightly eligible for
France’s research tax credit and may also benefit from the country’s National
Bond Scheme. They offer the best returns on investment for public funding in
terms of home-grown (and not offshore), skilled jobs and lasting contributions
to future economic growth.
Government measures – Software publishers are massively in favour of a Small
Business Act as a key measure for boosting their growth and job creation
capacity. They also believe that they are natural recipients of France’s
national funding schemes (such as the research tax credit and the National Bond
Scheme).
Methodology
The Truffle 100 questionnaire is available on the web at
http://www.truffle100.com/.
About Truffle Capital:
Founded in 2002 in Paris, Truffle Capital is a leading independent European
private equity firm and number two in France dedicated to investing in and
building technology leaders in the life sciences, IT and energy sectors.
ALIZE RP
Caroline Carmagnol, +33 6 64 18 99 59
caroline@alizerp.com
or
Charles Catherinot, +33 1 42 68 86 42
charles@alizerp.com
Copyright Business Wire 2010
The sector has resisted the economic crisis and is innovating and creating jobs
SMEs are driving the industry
PARIS–(Business Wire)–
Truffle Capital, the leading European private equity firm, has just published
(in collaboration with analysts at CXP and with the support of the Syntec
Informatique industry body) the 6th edition of the Truffle 100 France ranking of
the country’s top software companies.
“2009 was a particularly difficult year. However, in the midst of this major
crisis, the French software industry demonstrated that it was surprisingly
resilient. Turnover grew slightly and the industry remained profitable while
innovating, preparing for the future and continuing to invest heavily in R&D.
The 100 software companies of the Truffle 100 announced the net creation of 500
skilled jobs,” commented Bernard-Louis Roques, Managing Partner for IT at
Truffle Capital. “The software industry continues to innovate and is resolutely
turned towards the future, creating new jobs in the midst of the crisis and
investing more in R&D in 2009 than in 2008. Rather than giving way to
short-termism, software companies are pragmatic optimists and 45% believe that
they will do well as the economy recovers,” added Bernard-Louis Roques.
According to Syntec Informatique, these R&D jobs confirm the research tax credit
positive impact on employment within the software industry.
Industry turnover increased from €3.8 billion in 2008 to €4 billion in 2009,
although profits fell from 7.6% to 4.3% of total turnover. The economic crisis
hit large companies harder than it did SMEs, since only 60% of the top 50
companies maintained or grew their sales, versus 76% of the 50 smallest.
An innovative sector that creates jobs – In 2009, 750 million Euros have been
spent in France for the R&D (700 million in 2008), reflecting the resumption of
investment in this promising sector. Staff numbers in general and R&D staff
numbers in particular continue to grow, rising from 51,198 in 2008 to 53,933 in
2009 and from 10,089 to 10,518, respectively.
An uneven distribution – Despite strong sector dynamism and an increase in total
turnover, there is a very uneven distribution in terms of sales figures.
Small companies – the industry drivers – Although the multinationals are still
present, they are still suffering as a result of the economic crisis and the
SMEs have taken over the reins. The SMEs feel that they are rightly eligible for
France’s research tax credit and may also benefit from the country’s National
Bond Scheme. They offer the best returns on investment for public funding in
terms of home-grown (and not offshore), skilled jobs and lasting contributions
to future economic growth.
Government measures – Software publishers are massively in favour of a Small
Business Act as a key measure for boosting their growth and job creation
capacity. They also believe that they are natural recipients of France’s
national funding schemes (such as the research tax credit and the National Bond
Scheme).
Methodology
The Truffle 100 questionnaire is available on the web at
http://www.truffle100.com/.
About Truffle Capital:
Founded in 2002 in Paris, Truffle Capital is a leading independent European
private equity firm and number two in France dedicated to investing in and
building technology leaders in the life sciences, IT and energy sectors.
ALIZE RP
Caroline Carmagnol, +33 6 64 18 99 59
caroline@alizerp.com
or
Charles Catherinot, +33 1 42 68 86 42
charles@alizerp.com
Copyright Business Wire 2010
Racing Victoria has decided against introducing standby horses to replace scratchings for the 2010 Melbourne Cup.
RV had been considering adding emergencies to the regular field of 24 horses, but decided against the move because of the impact it would have on betting turnover.
None of the Australian totes are geared to handle fields with more than 24 starters.
London, April 4 (ANI): The Old Forge pub at Inverie, on the Knoydart Peninsula in the West Highlands, has been put up for sale for 790,000 pounds, despite the fact it has no roads leading to it and takes an 18 mile hike or a seven mile sea crossing to reach.
The easiest way to get to the most remote pub in Britain is via a 45-minute ferry crossing or a 20-minute water taxi from the small harbour town of Mallaig.
Owners Ian and Jackie Robertson have had the pub for 20 years but have decided to retire.
“I turn 65 next year and we have decided the time has come to retire. We have thoroughly enjoyed building up the business, but it is a lot of hard work and someone younger should now be given the opportunity to enjoy it,” the Scotsman quoted Robertson as saying.
The property comes with 10 private moorings, a waterfront bar and restaurant, and owners’ accommodation as well the potential to acquire another house with outline planning permission.
David Reid, of selling agents Knight Frank, said: “There is no question that the Old Forge is a rare find and it will appeal to those looking for a new lifestyle in a remote location, but with the added benefit of a superb business showing exceptional turnover, strong performance, yearly growth and good net profits.” (ANI)
BRUSSELS, April 2 (Reuters) – Turnover at Carrefour’s Belgian stores fell 15 percent in the last two weeks due to a drop in workers’ productivity as a result of announced job cuts in the country, the retailer’s chief executive for Belgium said.
Non-Cyclical Consumer Goods
“In the beginning, just after the announcement of restructuring, it wasn’t too bad. But now the stores are really suffering,” Gerard Lavinay told De Tijd in an interview published on Friday. “Workers are losing their motivation and customers are questioning what is happening.”
He declined to comment on how much in turnover a 15 percent drop represented.
De Tijd said the group lost 40 million euros in turnover due to blockades and strikes in the first week after the announcement in February, when it said it planned to close 21 stores in Belgium and cut 1,672 jobs.
Following talks with unions on Thursday, Carrefour said it could partially reverse that plan and keep nine of the 21 threatened stores open under certain conditions. (Writing by Antonia van de Velde, Editing by Ian Geoghegan)
BRUSSELS, April 2 (Reuters) – Turnover at Carrefour’s Belgian stores fell 15 percent in the last two weeks due to a drop in workers’ productivity as a result of announced job cuts in the country, the retailer’s chief executive for Belgium said.
Non-Cyclical Consumer Goods
“In the beginning, just after the announcement of restructuring, it wasn’t too bad. But now the stores are really suffering,” Gerard Lavinay told De Tijd in an interview published on Friday. “Workers are losing their motivation and customers are questioning what is happening.”
He declined to comment on how much in turnover a 15 percent drop represented.
De Tijd said the group lost 40 million euros in turnover due to blockades and strikes in the first week after the announcement in February, when it said it planned to close 21 stores in Belgium and cut 1,672 jobs.
Following talks with unions on Thursday, Carrefour said it could partially reverse that plan and keep nine of the 21 threatened stores open under certain conditions. (Writing by Antonia van de Velde, Editing by Ian Geoghegan)
Minsk, Sept 17 (ANI): Indian External Affairs Minister S M Krishna has arrived here to foster bilateral ties between the two countries.
Krishna is the first Indian External Minister to visit this country.
On Wednesday, Krishna visited the Victory Square Monument in the city and paid tribute to soldiers who had laid down their lives during the World War II while fighting the Nazi invaders.
“This is the first ever visit by an Indian Minister for External Affairs to Belarus. I think it is an important visit with a view to further cement and strengthen relationship to mutual advantage,” said Ramesh Chander, Indian Ambassador to Belarus.
Krishna’s visit is being seen as important, as it would help to cement ties further between the two countries.
“In 2008, we had a 432 million trade turnover. And this year, it is likely to touch 500 million by the end of the year,” Chander added.
Krishna reviewed guard of honour of the Belarus Army at the Square. He was received by the Deputy Mayor of Minsk, Titenkov Mikhail.
On Thursday, Krishna will call on Belarus President Alexander Lukashenko.
He will also hold talks with his counterpart Sergey Martynov. Two agreements will be signed including one on Cooperation in Physical Education and Sports and an MoU on the Establishment of a Digital Learning Centre in Minsk.
The Digital Learning Centre will impart skills in advanced computing and software creation to young Belarusian students, initially with Indian faculty members and thereafter with trained Belarusian professionals.
Krishna will also pay an official visit to Turkmenistan on September 18 and 19.
He will call on Turkmen President Gurbanguly Berdimuhammedov and hold meetings with Deputy Prime Minister and Foreign Minister Rashid Meredov.
Krishna will also have a meeting with Minister in-charge of Oil and Gas sector Baymyrat Hojamuhammedov.
Both countries will sign a cooperation agreement during the visit. By Ravi Shankar (ANI)
New Delhi, Aug 18 (ANI): Union Steel Minister Virbhadra Singh on Tuesday asked the Steel Authority of India (SAIL) to complete all the ongoing expansion programmes on time.
He was reviewing the Q1 performance of the public sector major at a meeting here today.
He said, the economy looks set for a rebound considering the latest IIP numbers and the projections of GDP this fiscal. This will translate into decent demand growth for steel in the near future.
The Minister appreciated the difficult business environment following the slowdown and hoped the situation to improve in the next couple of quarters.
He expressed satisfaction over the performance of SAIL during the first quarter.
The steel major reported a turnover of Rs 9747 crore during April-June 09, a decrease of 20 per cent over the same quarter last year. The net profit also fell by 27.7 per cent to Rs.1326 crore.
Singh urged the SAIL to strengthen its CSR activities.
“Out of the budget of Rs. 80 crore, the company has been able to spend Rs10.83 crore during the first quarter which is a drop of 201 per cent on sequential basis and a drop of 60 per cent compared to Q1 of the previous year,” he said.
The profitability was adversely affected due to reduction in average net sales realization of saleable steel, escalation in input prices mainly of imported coal, coke, ferro-silicon, increase in railway freight, increase in fuel cost surcharge by DVC and higher interest charges. (ANI)
Jindal Cotex IPO | Jindal Cotex Public Issue | Jindal Cotex IPO Opens on 27th August | JCL | JCL IPO
Jindal Cotex Limited (JCL) is a flagship company of Jindal group of Ludhiana. The Jindal Group was promoted by Sh. Jagdish Rai Jindal in 1977 with trading business of iron and steel. From the time of its inception, Jindal Group has seen substantial growth. Besides achieving high sales and turnover, the company has to its credit satisfied customers and a loyal clientele in a short span of time.
Jindal Cotex IPO Details:
London, July 14 (ANI): Former Australian fast bowler Jason Gillespie has said that Ricky Ponting’s captaincy isn’t “crap”, and told critics to lay off.
Responding to comments made by former fast bowler Jeff Thomson, Gillespie told Sun Sport: “I find the questioning of his captaincy baffling – this guy will go down as one of the best Australian captains. I seen all these ex-players come out and say he’s c**p, but they’ve given no evidence.”
“He’s led Australia 57 times and is win record is around 75 per cent. He’s had a high turnover of players recently, but still won a Test series in South Africa,” he added.
Despite his own shortcomings in the field, Ponting was furious after the Test with England for stalling tactics.
Gillespie, 34, claims the practice will continue until the authorities bring in rules to prevent it.
“The problem with the spirit of cricket is that it’s too vague and people have different interpretations of the rules,” he said. (ANI)
New Delhi, July 8 (ANI/Business Wire India): Prakash Industries Ltd (PIL), a business house with interests in steel and power, is in the process to raise around 100 million dollars through an FCCB issue.
The funds to be raised would be utilized to put up 625 MW thermal power plant at Champa, Chhattisgarh.
The plant will be ready by 2013 and would come at a cost of close to Rs.2500 Crores.
The proposed captive power plant will enable Prakash to secure its own long-term power needs while the surplus power will be sold through open access on spot prices. The company has been allotted Fatehpur coal block in Chhattisgarh for power expansion projects.
Prakash Industries Ltd (PIL) is a three decade old company focused in steel, power and mining. The company has one of the largest integrated steel plant (set up in technical collaboration with Lurgi Germany) through coal based sponge iron route in Chhattisgarh with state of the art technology equipments. Prakash Industries has planned to double its steel making capacity in the coming years.
Company is presently operating 100 MW captive power plant using Waste hot gases from the sponge iron kilns and coal based boilers. Company is the first in the country to set up Waste Heat Recovery Boiler (WHRB) with DRI kilns.
PIL is one of the largest player in the private sector in finished steel segment. The company is into manufacturing of high value added products like Wire Rod and Structurals. The company is also in the process to start manufacturing of TMT bars by October’ 2009.
Company has also planned backward integration to fulfill the raw material requirement for its operations. It is operating a captive coal mine at Chotia in Chhattisgarh to fulfill coal requirements of the DRI Kilns and has also been allotted coal block at Madanpur in Chhattisgarh for expansion requirements. Company has also been allotted Iron Ore Mines which are expected to be operational during this year.
The company has closed the year 2008-09 with a turnover of Rs.1710 Crores, PAT of Rs.204 Crores and an EBIDTA of Rs.304 Crores. (ANI)
Copyright © 2013 · eleven40 theme on Genesis Framework · WordPress · Log in