Stock News

H&M’s share price up, posts strongest quarterly profit growth in four years

The second-largest clothing retailer in Europe – Hennes & Mauritz AB made an official statement today, posting its biggest quarterly profit growth in a period larger than four years. The company said that its sales growth in the three months ended May 31st was benefited from its online expansion and new store formats. Mr. Karl-Johan […] Read more

BP Plc’ share price down, announces a $20-billion LNG supply deal with China

BP Plc made an official statement, revealing that it sealed a contract to supply China National Offshore Oil Corp. with liquefied natural gas. The deal is valued at about 20 billion dollars and is considered one of the series of deals that will be unveiled during the Chinese Premier Li Keqiangs visit to the U.K. […] Read more

Newcrest Mining Ltd’s share price up, agrees to pay a penalty of 1.1 million dollars for disclosure breaches

The Australian Securities and Investments Commission (ASIC) made an official statement, revealing that the largest gold manufacturer by market value in Australia – Newcrest Mining Ltd agreed to pay 1.2 million Australian dollars (1.1 million dollars) in fines. The company was reported to have confessed that it disclosed market-sensitive information in June last year and […] Read more

AT&T Inc.’s share price up, to become the exclusive carrier of Amazon.com Inc.’s first smartphone

People with knowledge of the matter reported that AT&T Inc. is to become the exclusive carrier of the new smartphone of Amazon.com Inc. The people familiar with the process also said that the new smartphone model is to be officially revealed this Wednesday. The deal is considered beneficial for AT&T because it is able to […] Read more

BG Group Plc’ share price up, to rationalize portfolio by selling a stake in North Sea pipeline network for 954 million dollars

The third-biggest oil and gas producer in the U.K. – BG Group Plc – made a statement today, revealing that it plans to sell its stake in a North Sea pipeline network in a deal estimated at 562 million pounds (954 million dollars). This move is part of a strategy of the company, which is […] Read more

Apple Inc.’s share price up, reaches settlement with U.S. states and customers over the pricing of e-books

According to a filing with a New York court, Apple Inc. managed to reach a settlement with U.S. states and customers in a civil class-action lawsuit over the pricing of e-books. Mr. Steve Berman, who is a lawyer representing both users and some U.S. states, revealed yesterday in a letter to the U.S. District Judge […] Read more

Allergan Inc.’s share price down, discloses e-mailed correspondence describing Valeant as a “house of cards”

The Botox-maker – Allergan Inc., which has been a target of a 53-billion-dollar acquisition by Valeant Pharmaceuticals International Inc. – disclosed private correspondence in the form of e-mails, where Valeant was described by its own bankers as a “house of cards”. The disclosure of the private correspondence between the companies was unexpected and was intended […] Read more

Royal Dutch Shell Plc’ share price up, to sell the most of its 23% stake in Woodside Petroleum Ltd in a 5.7-billion-dollar deal

The biggest oil company on the territory of Europe – Royal Dutch Shell Plc made an official statement today, revealing that it is to sell the majority of its 23% stake in the Australian company Woodside Petroleum Ltd for 6.1 billion Australian dollars (5.7 billion dollars). 78.3 million shares of Woodside would be sold by […] Read more

General Motors Co.’s share price up, to recall another 3.4 million vehicles due to an eventual ignition switch problem

The largest auto manufacturer in the U.S. – General Motors Co. announced that the engineer, who signed off on a defected ignition design that is considered to be related to more than a dozen death cases also oversaw switches in more than 3 million cars, which were withdrawn yesterday. The recall took place only two […] Read more

Airbus Group NV’s share price down, plans a joint venture with Safran SA to develop space launchers

Airbus Group NV made a joint statement with Safran SA today, revealing that the two companies plan to form a joint venture in an attempt to accelerate satellite-launch vehicles development. The companies are also trying to reduce their expenses in the environment of constantly increasing competition from across the Atlantic. As reported by the Financial […] Read more