Tom Frew

Cvent, Inc., a leading cloud-based enterprise event management platform, has jpined the New York Stock Exchange (NYSE) under the ticker symbol “CVT” after its initial public offering. KCG Holdings, Inc. is the Designated Market Maker for the company’s stock. CEO and Founder Reggie Aggarwal, accompanied by members of Cvent’s leadership team, celebrated the...

Redwood City, CA based YuMe, an independent provider of digital video brand advertising solutions, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “YUME” after its initial public offering. Barclays is the Designated Market Maker (DMM) for the company’s stock. Jayant Kadambi, Co-Founder & CEO, joined by members of […]

Prudential has announced an operating profit of £1.415bn in the first half of 2013. A 22 per cent increase on 2012, the result was boosted by strong profits in the company’s Asian operations. “Prudential has produced a strong performance across our key financial metrics of IFRS operating profit”, said Tidjane Thiam, Group Chief Executive, ” […]

Leading mining company Rio Tinto has announced 2013 underlying earnings of $4.2 billion, down 18 per cent. The company argues that the result reflects lower average market prices and a higher effective tax rate, partly offset by record iron ore shipments and cost savings momentum. Rio Tinto’s net earnings of $1.7 billion include non-cash exchange […]

Announcement may have pleased investors Fannie Mae (FNMA/OTC) reported net income of $10.1 billion for the second quarter of 2013, compared with net income of $5.1 billionfor the second quarter of 2012. The company’s net income for the second quarter of 2013 was the company’s sixth consecutive quarterly profit. Fannie Mae reported comprehensive income of […]

Nestlé has reported that their sales increased by 5.3% to CHF 45.2 billion during the first half of 2013. Organic growth was 4.1%, composed of 2.7% real internal growth and 1.4% pricing. Acquisitions, net of divestitures, added 2.1% to sales, whilst foreign exchange had an impact of -0.9%. Commenting on the reuslts Paul Bulcke, Nestlé […]

First major announcement under Mark Carney’s Governorship At its meeting on 1 August, the Bank of England’s Monetary Policy Committee (MPC) voted to provide some explicit guidance regarding the future conduct of monetary policy. The Committee intends at a minimum to maintain the current highly stimulative stance of monetary policy until economic slack has been […]

If your mother owns company stock, is it time to warn her? Time Warner Inc. has reported financial results for its first quarter ended March 31, 2013. Chairman and Chief Executive Officer Jeff Bewkes said that the media giant was “off to a strong start in 2013, making us even more confident in our full-year […]

The Walt Disney Company today reported earnings for its third fiscal quarter and nine months ended June 29, 2013. Diluted earnings per share (EPS) for the third quarter of $1.01 was equal to the prior-year quarter. Excluding certain items affecting comparability, EPS for the quarter increased 2% to $1.03 compared to $1.01 in the prior-year […]

Total sales grew by 3.4 per cent in the first half driven by Greggs’ new shop opening programme and growth in wholesale volumes. In a statement the company said that trading during “the early part of the year was particularly challenging. Like-for-like sales performance in our estate improved in the second quarter but across the […]