Stock News

BP PLC share price down, posts soaring profits, Russia sanctions concerns

BP PLC, the worlds sixth-largest oil producer, posted Q2 earnings today, revealing a sharp jump in profit, while expressing concern over the looming Western sanctions for Russia, where BP is the biggest single foreign investor. Quarterly underlying replacement cost profit was reported to have risen 34% on an annual basis to $3 635 billion, while […] Read more

Renault SA share price down, posts declining emerging market sales amid slump in Russia

Renault SA, Europes third-largest carmaker, reported today that its first-half revenue was hurt by steep sales drop in Russia, where the company is part of the largest auto-manufacturing group. Following the release of the statement, the shares of the company fell the most in almost five months. The companys car sales in Russia dropped 7.6% […] Read more

LSE: FTSE 100 Index rises, GKN jumps 6%

Britains blue-chip index rose on Tuesday, led by gains in GKN Plc, following a string of upbeat earnings reports. Market players broadly awaited the release of key economic data from Europe and the US to assess the global economys recovery state. The FTSE 100 index stood at 6 799.80 points at 9:23 GMT, up 0.17% […] Read more

Deutsche Bank AG share price down, posts improving profit amid legal uncertainty

Deutsche Bank AG, Europes largest investment bank, posted Q2 results today, to show growing profit, as the bank faces a number of legal issues, which could potentially hurt performance. Income before taxes was reported to have risen 16% on an annual basis to €917 million, while net revenue was down 4% at €7.9 billion. On […] Read more

Ford Motor Co share price up, raises price tag of model 2015 F-150 trucks, introduces aluminium body

Ford Motor Co, the second-largest US car manufacturer, will raise the prices on its new and improved best seller – the F-150 pickup truck, which will hit showrooms by years end. In exchange, the costlier 2015 model will have an aluminum body, ensuring greater fuel efficiency, and additional standard features. Ford dealers in the United […] Read more

Lloyds Banking Group Plc share price down, to pay $370 million in fines and compensations over Libor rigging

Lloyds Banking Group has agreed to pay 226 million pounds in fines to U.S. and U.K. regulators for an attempted rigging of key benchmark interest rates and manipulating fees for a UK government lending program, becoming the seventh financial institution to agree to a settlement during the global Libor investigation. The lender, bailed out by […] Read more

Ryanair Holdings PLC share price up, posts soaring quarterly profit, raises full-year outlook

Ryanair Holdings PLC, Europes largest discount airline, gained 4% today, as the company revealed it has more than doubled Q1 earnings. The Dublin-based company, which is now valued at about €9.8 billion, also raised its full-year profit projection. “Weve made a lot of service improvements over the last six or seven months and were seeing […] Read more

Danone SA share price up, considers selling its nutrition arm to Hospira Inc. for $5 billion

Danone SA, the worlds largest yogurt maker, rose as much as 2.6% on Monday, after the Financial Times reported yesterday that the company is in talks to sell its medical-nutrition unit to the Illinois-based Hospira Inc. The deal, which is valued at about 5 billion US dollars could raise funds for new acquisitions and strengthen […] Read more

Reckitt Benckiser Group Plc share price up, announces intentions to spin off pharmaceutical division

Reckitt Benckisers shares jumped by more than 2% on Monday after the company announced it will spin off its pharmaceutical arm within the next 12 months as generic substitutes of its main revenue driver – the heroin substitute Suboxone – began to erode sales and margins. Reckitt Benckisers plans to divest its pharmaceutical business come […] Read more