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    Activision Blizzard Forward Guidance Lags Forecasts After Posting Market-Beating Second-Quarter Results

    Activision Blizzard, Inc (ATVI), a video game and film holding company, reported second-quarter results that beat its own and the market’s forecasts as lower total costs helped mitigate the impact of a decline in sales, but its guidance for the full-year failed to meet analysts’ expectations. Sales at the Santa […]

  • Britain’s IWG Sets Out Share Buyback Program

    Britain’s IWG Sets Out Share Buyback Program

    Britain’s IWG (IWG.L), the world’s largest shared office group, unveiled early on Tuesday a 100 million-pound ($121.5 million) share buyback program and also hiked its dividend after revenue jumped in the first half on the back of “invigorated” sales efforts and the introduction of new products. Total group sales jumped […]

  • Asian ADRs Move Lower in Wednesday Trading

    Asian ADRs Move Lower in Wednesday Trading

    American depositary receipts of Asian stocks were trading 0.97% lower at 1,450.24 on the BNY Mellon Asia 50 ADR Index on Wednesday. In North Asia, the gainers were led by pharmaceutical company Takeda Pharmaceutical (TAK) and solar equipment provider ReneSola (SOL), which rose 3.8% and 2.8% respectively. They were followed […]

  • Comcast Second-Quarter Results Mixed

    Comcast Second-Quarter Results Mixed

    Comcast (CMCSA) posted mixed results for its second quarter on Thursday with revenue falling short of analysts’ estimates as sales within the NBCUniversal business segment were impacted by a decline in filmed entertainment. The Philadelphia-based provider of high-speed internet, video and phone lines, reported revenue of $26.86 billion in the […]

  • Close-up photograph of stock market chart

    European ADRs Just Higher in Friday Trading

    American depositary receipts of European stocks were trading 0.08% higher at 1,044.08 on the BNY Mellon Europe Select ADR Index on Friday. In continental Europe, the gainers were led by brewing company AB InBev (BUD) and biopharmaceutical company MorphoSys (MOR), which rose 4.5% and 1.2% respectively. They were followed by […]

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Finance Central

Close-up photograph of stock market chart

Activision Blizzard Forward Guidance Lags Forecasts After Posting Market-Beating Second-Quarter Results

Activision Blizzard, Inc (ATVI), a video game and film holding company, reported second-quarter results that beat its own and the market’s forecasts as lower total costs helped mitigate the impact of a decline in sales, but its guidance for the full-year failed to meet analysts’ expectations. Sales at the Santa […]

by × August 9, 2019 × 0 comments

Market Updates

Britain’s IWG Sets Out Share Buyback Program

Britain’s IWG Sets Out Share Buyback Program

Britain’s IWG (IWG.L), the world’s largest shared office group, unveiled early on Tuesday a 100 million-pound ($121.5 million) share buyback program and also hiked its dividend after revenue jumped in the first half on the back of “invigorated” sales efforts and the introduction of new products. Total group sales jumped […]

by × August 6, 2019 × 0 comments

Market Updates

Asian ADRs Move Lower in Wednesday Trading

Asian ADRs Move Lower in Wednesday Trading

American depositary receipts of Asian stocks were trading 0.97% lower at 1,450.24 on the BNY Mellon Asia 50 ADR Index on Wednesday. In North Asia, the gainers were led by pharmaceutical company Takeda Pharmaceutical (TAK) and solar equipment provider ReneSola (SOL), which rose 3.8% and 2.8% respectively. They were followed […]

by × July 31, 2019 × 0 comments

Business News

Comcast Second-Quarter Results Mixed

Comcast Second-Quarter Results Mixed

Comcast (CMCSA) posted mixed results for its second quarter on Thursday with revenue falling short of analysts’ estimates as sales within the NBCUniversal business segment were impacted by a decline in filmed entertainment. The Philadelphia-based provider of high-speed internet, video and phone lines, reported revenue of $26.86 billion in the […]

by × July 25, 2019 × 0 comments

Market Updates

Close-up photograph of stock market chart

European ADRs Just Higher in Friday Trading

American depositary receipts of European stocks were trading 0.08% higher at 1,044.08 on the BNY Mellon Europe Select ADR Index on Friday. In continental Europe, the gainers were led by brewing company AB InBev (BUD) and biopharmaceutical company MorphoSys (MOR), which rose 4.5% and 1.2% respectively. They were followed by […]

by × July 19, 2019 × 0 comments

Finance Central

Ericsson Second-Quarter Earnings Lag Forecast

Ericsson Second-Quarter Earnings Lag Forecast

Ericsson (ERIC, ERIBR.HE), a mobile network gear maker, said early on Wednesday that sales jumped because of “strong momentum” in its 5G business but a move back into the black missed the market’s earnings forecast for the second quarter. Sales rose to 54.80 billion Swedish kroner ($5.85 billion) from 49.8 […]

by × July 17, 2019 × 0 comments

Business News

UK Manufacturing Downturn Deepens

UK Manufacturing Downturn Deepens

The UK’s manufacturing sector continued to feel the impact of the unwinding of pre-Brexit stockpiling activity during June, as already high stock levels led to a scaling back of output and new order intakes, with demand from both domestic and export markets weakening. The pound weakened 0.4% against the dollar […]

by × July 1, 2019 × 0 comments

Business News

Swiss Re Expects to Raise $3.6 Billion

Swiss Re Expects to Raise $3.6 Billion

Swiss Re (XFRA: SR9, SREN.SW, SSREY), the world’s second-biggest reinsurance group, said early Thursday that it had set a price range of 2.80 pounds ($3.6) to 3.30 pounds for the initial public offering of its UK life assurance business ReAssure. This implies that on floatation, the UK subsidiary will have […]

by × June 27, 2019 × 0 comments

Finance Central

Credit Suisse to Sell InvestLab

Credit Suisse to Sell InvestLab

Swiss banking giant Credit Suisse (CS) said early on Tuesday that it has signed an agreement Spain’s Allfunds Group that will create a global fund distribution platform with combined assets under administration of more than 570 billion Swiss francs ($585 billion). As part of the deal, the duo has agreed […]

by × June 25, 2019 × 0 comments

Market Updates

Korn Ferry Fourth-Quarter Sales Beat Estimates

Korn Ferry Fourth-Quarter Sales Beat Estimates

Korn Ferry (KFY) released fresh guidance after markets closed on Thursday as it posted better-than-expected sales for its fiscal fourth quarter, which was supported by a single-digit increase in revenue from fees. The Los Angeles-headquartered management consulting firm generated revenue of $502.5 million in the three months ended April 30. […]

by × June 21, 2019 × 0 comments