Tom Frew

The newly-merged mining-giant, Glencore Xstrata, have written down Xstrata’s assets by $7.7bn. Announced alongside to a decline in half-year revenues, the results highlight difficulties for the company that may take years to resolve though senior management remain positive for the future. Commenting on the results Ivan Glasenberg, Glencore Xstrata’s CEO, said that they “again...

Dell announced their fiscal 2014 second quarter results, with revenue of $14.5 billion, GAAP earnings of $0.12 per share and non-GAAP earnings of $0.25 per share. The company’s Enterprise Solutions, Services and Software (ES&S) revenue was $5.8 billion, growing 9 percent year over year, including the benefit of the Quest acquisition. In End User Computing, […]

During the first half of 2013, Bovis Homes made “significant progress in the ongoing delivery of its strategy to improve shareholder returns” with a strong improvement in housing profit, an increase in the number of active sales outlets, a material improvement in the rate of sale per site and “the successful continuation of investment in […]

Clarkson PLC, one of the world’s leading shipping services group, has announced unaudited results for the six months ended 30 June. In a statement the firm, has offices in 16 countries on five continents, said that they had delivered a “Robust performance delivered in challenging markets” and archived revenue of £89.1m, an increase of £1.1m […]

The U.S. Department of the Treasury has released Treasury International Capital (TIC) data for June 2013. The next release, which will report on data for July 2013, is scheduled for September 17, 2013. The sum total in June of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly […]

In the estéemed opinion of investors, will it be viewed as a lauderable performance? Estée Lauder has annoucned it will pay a quarterly dividend of $.18 per share on the Company’s Class A and Class B Common Stock on September 16, 2013 to stockholders of record at the close of business on August 30, 2013. […]

The leading cinema chain Cineworld has reported  2013 half-year revenue growth of 21.9% from £165.4m to £201.6m. Cineworld Cinemas’ revenue growth was 10.5% driven by increased Box Office receipts, up 10.5% at £131.0m (2012: £118.6m. The group’s Picturehouse arm also revenue growth was 12.9% on a pro forma basis EBITDA growth was 22.1% on a […]

Net income attributable to Deere & Company was $996.5 million, or $2.56 per share, for the third quarter ended July 31, compared with $788.0 million, or $1.98 per share, for the same period last year. For the first nine months of the year, net income attributable to Deere & Company was $2.730 billion, or $6.97 […]

E.ON Exploration & Production’s (E&P) Tolmount gas discovery in the UK North Sea could contain significantly higher volumes than originally estimated, making it one of the largest discoveries made in this part of the North Sea for several years. The recently completed appraisal well reached its targets within time and budget on 6th July. A […]

In the first 9 months of the 2012/2013 fiscal year (October 1, 2012 – June 30, 2013) ThyssenKrupp achieved order intake from continuing operations of €28.3 billion, down 8% year-on-year. There were once more significant gains at Elevator Technology and Industrial Solutions. At the company’s Components Technology arm new orders were down year-on-year in the […]