Tom Frew

Company cites “market softness” as they announce losses in key company results. Intel Corporation today has first-quarter revenue of $12.6 billion, operating income of $2.5 billion, net income of $2.0 billion and EPS of $0.40. The company generated approximately $4.3 billion in cash from operations, paid dividends of $1.1 billion, and used $533 million to […]

Failure of Fresh & Easy stores to cost company £1.2bn Following a failure to make a success out its US operation Tesco’s is to close all 199 of its Fresh & Easy shops, at a cost of £1.2bn. Making the decision after a strategic review of Fresh & Easy, including the indications of interest received […]

Xstrata plc Chief Executive Officer Mick Davis has agreed with Glencore International plc to not take up the six month role of Chief Executive Officer and Executive Director of Glencore Xstrata plc (“Glencore Xstrata” or “the Combined Group”) following completion of the merger. Consequently Mr Davis will step down from Xstrata plc upon completion of […]

Change in name to reflect greater cooperation between investment and real estate operations M&G Investments, one of Europe’s leading investment managers, today announces that its property business, PRUPIM, will be renamed M&G Real Estate. The change of name is effective from the end of June. Alex Jeffrey, Chief Executive of PRUPIM, says the name change […]

Southern North Sea oil stake bought from BP SSE  has completed the acquisition from BP of a 50% working interest in the Sean gas field in the Southern North Sea. SSE has paid a total cash consideration of £117.4 million, which reflects the value of the asset based on an effective economic date of 1 […]

Renters now spend an extra four weeks at work paying off their home New Halifax research showed that April 13th was is this year’s Mortgage Freedom Day in the UK; as on the 103rd day of the year new UK homeowners will have finally earned enough to pay off the annual cost of their mortgage. […]

Energy giant furthers African operations Exxon Mobil Corporation has announced today that its Liberian affiliate has acquired from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL) 80 percent interest in Liberia Block 13 (LB-13), comprising more than 625,000 acres (2,500 square kilometers) offshore Liberia in water depths ranging from 250 to 10,000 feet (75 to 3,000 meters). […]

Rally Software starts IPO on the NYSE Boulder based Rally Software, a leading global provider of cloud-based solutions for managing Agile software development, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol RALY after its initial public offering.   GETCO Securities, LLC is the Designated Market Maker (DMM) for […]

  Banking giant to pay dividends on from April to June The Goldman Sachs Group, Inc. (NYSE: GS) today announced that it has declared dividends on the following series of its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock): $229.17 per share of Floating Rate […]

North American home builder now listed as THMC Taylor Morrison, a leading builder and developer of single-family detached and attached homes, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “TMHC” after its initial public offering. Barclays Capital is the Designated Market Maker (DMM) for the company’s stock.  President […]