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Thursday, February 28, 2019

Aston Martin shares dive by 18% on losses

The luxury car maker plunged into loss as a result of the cost of its stock market flotation.

from BBC News - Business https://ift.tt/2H7yzSb

Merger could close Fox's mints factory in Leicester

Confectionery has been made at the Leicester factory for more than a century.

from BBC News - Business https://ift.tt/2XvLDGw

STV boss 'focused' on staying independent

Simon Pitts declines to rule out a sale of the commercial broadcaster, amid continued speculation it might become part of ITV.

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Cyber criminals shifting from ransomware to crypto mining


Cyber criminals shifting from ransomware to crypto mining



IBM Security Vice President Caleb Barlow on cyber criminals shifting away from ransomware attacks.

Trish Regan: We must question China’s motives for everything


Trish Regan: We must question China’s motives for everything



We need to think about the significance of the Maduro regime considering China a safe harbor.

First Facebook investigation to be completed by summer: regulator

Facebook's lead regulator in the European Union expects to conclude the first of seven investigations into the company's use of personal data this summer and the remainder by the end of the year, Ireland's Data Protection Commissioner said on Thursday.


from Reuters: Business News https://ift.tt/2EktW4d

Rolls-Royce quits race to power Boeing's planned mid-market plane

Rolls-Royce dropped out of the race to power Boeing's planned mid-market aircraft on Thursday, saying it did not want to risk more disruption for its airline customers by rushing out a product without extensive testing.


from Reuters: Business News https://ift.tt/2T7gNWo

Bristol-Myers shares up after top investor resists Celgene deal

Bristol-Myers Squibb Co expressed disappointment on Thursday with the opposition of its top shareholder to a $74 billion takeover of Celgene Corp, and said it would press on with what would be the largest pharmaceutical acquisition of all time.


from Reuters: Business News https://ift.tt/2StqwBb

Air Canada raises long-term profit margin goals

Air Canada increased its long-term targets for profit margins and free cash flow on Thursday, as the country's largest airline benefits from cost-cutting efforts and an expansion into new destinations.


from Reuters: Business News https://ift.tt/2XpOAbM

JD.com beats forecasts with 22 percent revenue rise

JD.com Inc, China's second largest e-commerce firm, reported a 22.4 rise in fourth-quarter revenue on Thursday, beating analyst estimates on the back of stronger online retail sales and sending its U.S.-listed shares up 8 percent.


from Reuters: Business News https://ift.tt/2SuKiMt

Russian court denies detained U.S. investor Calvey bail

A Russian court on Thursday ruled that prominent U.S. investor Michael Calvey should remain in custody pending trial, rejecting his appeal to be released on bail or moved to house arrest.


from Reuters: Business News https://ift.tt/2XvBKsK

Liberty Global PLC (LBTYA) Q4 2018 Earnings Conference Call Transcript


Liberty Global PLC (LBTYA) Q4 2018 Earnings Conference Call Transcript



LBTYA earnings call for the period ending December 31, 2018.

Manchester City replaces Nike with Puma in kit deal

The deal to supply the Premier League champions' kit could be worth up to £65m a year for 10 years.

from BBC News - Business https://ift.tt/2II9tf7

China's JD.com posts 22 percent rise in quarterly revenue

JD.com Inc, China's second largest e-commerce firm, reported a 22.4 rise in fourth-quarter revenue on Thursday, beating analyst estimates on the back of stronger online retail sales.


from Reuters: Business News https://ift.tt/2BWvYa2

Air Canada targets EBITDA margins of 19-22 percent

Air Canada on Thursday forecast margins on core earnings (EBITDA) of 19 percent to 22 percent for the next three years and for the same period said it expects cumulative free cash flow of C$4 billion ($3.04 billion) to C$4.5 billion.


from Reuters: Business News https://ift.tt/2NA0WcP

Hyundai Motor CEO says China capacity cuts being considered: sources

Hyundai Motor Co, which is reeling from tumbling sales in China, is considering cutting capacity at its factories in its biggest market, Chief Executive Lee Won-hee said, according to two people with direct knowledge of the matter.


from Reuters: Business News https://ift.tt/2ElGOqD

Darkening economic outlook threatens to cap oil price in 2019: Reuters poll

Oil analysts have grown more pessimistic over the prospects for a significant price rally this year, as booming U.S. shale output and a deteriorating global economic backdrop threaten to offset the boost from OPEC's crude supply cuts.


from Reuters: Business News https://ift.tt/2GR66AN

First Facebook investigation to be completed by summer: Irish regulator

Ireland's Data Protection Commissioner, Facebook's lead regulator in the European Union, expects to conclude the first of seven investigations into the company's use of personal data this summer and the remainder by the end of the year, its head said on Thursday.


from Reuters: Business News https://ift.tt/2IGgsoP

Sunrise seeks to compete on price after $6.3 billion UPC deal

Swiss telecoms group Sunrise wants to crank up price competitiveness following its 6.3 billion Swiss franc ($6.3 billion) takeover of Liberty Global's Swiss unit and also expects job cuts from the deal, Chief Executive Olaf Swantee told Reuters on Thursday.


from Reuters: Business News https://ift.tt/2GTBrmi

N Korea hackers stole $1.3bn of crypto this year - report

Some incidents may be linked to North Korean IT workers infiltrating tech firms, according to research firm Chainalysis. from BBC News htt...