Sectors
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Aerospace
Rolls-Royce hopes to ride out market storm as orders surge
24 Jul 2008 at 11:28am
Aircraft engine maker gave an upbeat view of its prospects as it unveiled a 3% rise in pre-tax profits, plus a 17% increase in new orders, for the first half of 2008
Raytheon boosted by strong missile sales
24 Jul 2008 at 5:44am
Raytheon, the US defence contractor, reported second-quarter profits ahead of expectations and raised its full-year forecast as it benefited from strong missile sales
Boeing braces itself for cancellations
23 Jul 2008 at 10:30am
Boeing warned that orders for its commercial aircraft could be cancelled or deferred as airlines struggled to cope with the high cost of fuel. Income for the quarter of $852m came in well below analysts’ expectations
Autos
Ford to shift direction after $8.7bn loss
24 Jul 2008 at 12:50pm
Ford Motor has unveiled an ambitious facelift for its troubled north American operations aimed at shifting its focus from big pick-up trucks and sport-utility vehicles towards smaller, more fuel-efficient passenger cars
Daimler shares plummet on profit warning
24 Jul 2008 at 10:23am
Carmaker says sluggish growth in car market, rising raw material costs and a strong euro are taking their toll on earnings, currently estimated at ?7bn for the year
Move towards carbon fibre car parts
24 Jul 2008 at 9:35am
Japanese manufacturers plan to make cars lighter and more fuel-efficient by replacing steel doors and frames with carbon fibre, starting in less than ten years
Basic Industries
Fertilizer sales help Bunge reap benefits
24 Jul 2008 at 12:21pm
Profits at Bunge, the world’s biggest oilseed processor, more than quadrupled in the second quarter, underlining how the boom in crop prices has lifted the US agribusiness sector well beyond Wall Street’s expectation
Canon hit by yen’s rise
24 Jul 2008 at 9:05am
Japanese electronics group Canon reported a 13 per cent drop in second-quarter profit as a stronger yen reduced the value of its overseas sales
Flat panel makers cut capacity in peak season
24 Jul 2008 at 3:54am
The rare step raises concerns the next downturn in a notoriously cyclical industry might come earlier than expected
Consumer Industries
Samsung slips on lower-than-expected profit
24 Jul 2008 at 8:53pm
Quarterly profit at the world’s top maker of memory chips falls short of analysts’ expectations, causing its shares to tumble more than 4 per cent
Coke to shrink size of cans in Hong Kong
24 Jul 2008 at 10:54am
Soaring aluminium prices could trigger packaging re-think from the world’s leading soft-drink brands
Canon hit by yen’s rise
24 Jul 2008 at 9:05am
Japanese electronics group Canon reported a 13 per cent drop in second-quarter profit as a stronger yen reduced the value of its overseas sales
Drugs & Healthcare
GSK in Harvard stem cell deal
24 Jul 2008 at 3:13pm
GlaxoSmithKline will invest at least $25m over five years on a collaborative agreement with the Harvard Stem Cell Institute, ‘leading to the development of new medicines’
Strong results for drugmakers Lilly and BMS
24 Jul 2008 at 11:19am
Both Eli Lilly and Bristol-Myers Squibb, two of the biggest pharmaceutical companies in the US, reported an increase in second quarter earnings, driven by strong drug sales and a weak dollar that helped drive products overseas
Misys lifts revenue growth targets
24 Jul 2008 at 11:02am
Mike Lawrie, chief executive of the global services business, has called the end of the first part of his turnround plan for the banking and healthcare software group and raised his med-ium-term growth targets
Energy, Utilities & Mining
Booming LNG demand helps boost BG Group
24 Jul 2008 at 6:34pm
The UK oil and gas company increased first-half pre-tax profit to £2.67bn and reported ‘really excellent’ progress in the Brazilian oil fields that it is exploring
Dutch fund charged over oil price abuse
24 Jul 2008 at 4:58pm
Laying out their case with e-mails and telephone recordings, US regulators filed charges against Optiver Holding for allegedly manipulating energy futures prices
TNK-BP chief is ‘forced out’ of Russia
24 Jul 2008 at 3:18pm
The battle for BP’s Russian oil joint venture escalated as its beleaguered chief Robert Dudley abruptly left Russia, citing visa doubts and ’sustained harassment’
Financial Services
NAB writes off A$830m on subprime loans
24 Jul 2008 at 10:54pm
Australia’s leading lender reported more losses from its exposure to US mortgages, sending its shares down as much as 13%
SEC looks at short-selling rules
24 Jul 2008 at 4:40pm
US regulators are preparing rules to outlaw abusive short-selling across the market, beyond the select group of financial firms currently covered under emergency measures
US financial stocks in worst fall since 2000
24 Jul 2008 at 4:39pm
US financial stocks suffered their worst one-day decline since 2000, as investors’ recent optimism was dented by renewed fears over the health of Washington Mutual and weak US housing data
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Media & Internet
Microsoft agrees alliance with Facebook
24 Jul 2008 at 3:48pm
Microsoft predicted continued heavy costs from its attempt to go head-to-head with Google and announced an online search alliance with Facebook
UK businessman wins Facebook libel case
24 Jul 2008 at 3:33pm
Damages award of £22,000 against a former school friend who created a fake profile on the website is likely to send a chill through the global social networking phenomenon
‘Spider-Man’ creator goes high-tech
24 Jul 2008 at 2:54pm
Stan Lee, the creator of Spider-Man, has struck a landmark deal with Walt Disney that will see his latest comic creation published online and on digital devices such as iPods in a move that signals the medium’s shift to digital distribution
Property
Inflation brakes Asian construction
24 Jul 2008 at 9:25am
Governments are shelving billions of dollars worth of landmark infrastructure projects and shifting funds to more immediate economic assistance on food and fuel
Ministers push higher standards for eco-towns
24 Jul 2008 at 5:36pm
The government puts forward new rules that will ensure high levels of green space, affordable housing and transport links after facing a chorus of criticism over the project
Fannie’s and Freddie’s free lunch
24 Jul 2008 at 10:25am
Those responsible for the mistakes ? management, shareholders and bondholders ? should all bear the consequences, writes Joseph Stiglitz
Retailing & Leisure
Wal-Mart in pay deals with Chinese unions
24 Jul 2008 at 3:42pm
Wal-Mart, the US retail giant known for fending off organised labour in its home market, has completed collective bargaining agreements with unions in two Chinese cities
Kingfisher provides signs of hope for investors
24 Jul 2008 at 12:02pm
Underlying sales at B&Q rose as Britons turned to DIY in the wake of the credit crunch
JJB warns on profits and house broker cuts forecasts
24 Jul 2008 at 9:39am
The toughest June for retailers since 1986 has taken its toll on the sportswear retailer, as a slide in sales prompted a profit warning and questions over to what extent the recovery strategy would help it see off a protracted downturn
Telecoms
TeliaSonera looks for Asian opportunities
24 Jul 2008 at 1:42pm
TeliaSonera can remain independent and will pursue Asian acquisitions to generate growth, says chief executive in bullish outlook
Qualcomm hails Nokia settlement
24 Jul 2008 at 12:44pm
Qualcomm is hailing a new technology cross-licensing agreement with Nokia as a major boost for the wireless industry, putting an end to extensive litigation between the world’s leading wireless chip producer and the largest handset maker
Vivendi maintains profit forecast
24 Jul 2008 at 3:08pm
French media and telecoms company reiterates its guidance that it would raise profit by the same level as in 2007 in an effort to allay investor concerns
Transport
Southwest boosted by clever fuel hedges
24 Jul 2008 at 2:41pm
Southwest Airlines posted its 69th straight quarterly profit, as hedges locked in most of the US low-cost carrier’s jet-fuel expenses well below current market prices
EasyJet profit fears over surge in fuel costs sparks sector slide
24 Jul 2008 at 11:22am
The low-cost airline said its profits could fall by more than 40 per cent and announced plans to reduce capacity at London Stansted
Ambitious rail plan leaves sidings
23 Jul 2008 at 3:11pm
Crossrail, the £15.9bn project to link Heathrow directly with London’s financial centre, finally reached the end of a tortuous journey to secure royal assent on Wednesday
Source: Financial Times
November 27 2007 08:13 am
