titles stringlengths 12 138 | article stringlengths 15 8.85k | category stringclasses 6
values |
|---|---|---|
CHELSEA <CHD> SEES LOWER 2ND QTR NET
| Chelsea Industries Inc said earnings for
its fiscal second quarter ended March 30 will be "sharply
lower" than the 1,414,000 dlrs or 55 cts a share it earned for
the same quarter last year.
It also said it lowered its earnings forecasts for the
remainder of the fiscal year. In fiscal 1986, the company
... | Financial Reports |
DOME PETE<DMP> TAKES 2.08 BILLION DLR WRITEDOWN
| Dome Petroleum Ltd, earlier
reporting a 2.20 billion dlr 1986 loss compared to year-earlier
profit of 7.0 mln dlrs, said the loss was mainly due to write
downs totalling 2.084 billion dlrs before a reduction in
deferred income taxes of 571 mln dlrs.
The loss also includes 214 mln dlrs in accumulated for... | Corporate News |
ORION CAPITAL CORP <OC> 4TH QTR LOSS
| Shr loss 9.42 dlrs vs loss 3.85 dlrs
Net loss 55.5 mln vs loss 21.4 mln
Revs 114.9 mln vs 120.0 mln
Avg shrs 6,460,000 vs 5,719,000
Year
Shr loss 6.80 dlrs vs loss 4.77 dlrs
Net loss 36.0 mln vs loss 26.2 mln
Revs 478.9 mln vs 437.9 mln
Avg shrs 6,016,000 vs 5,713,000
... | Financial Reports |
AVON PRODUCTS <AVP> SEES HIGHER 1987 EARNINGS
| Avon Products Inc, the diversifed
conglomerate that had a strong turn around in 1986, said it
expects sales and earnings to climb higher this year.
In its annual report, the company also said it expects to
maintain its current annual two dlr dividend on the basis of
continued upward earnings.
In 1... | Financial Reports |
CHASE MANHATTAN RAISES PRIME RATE TO 7-3/4 PCT FROM 7-1/2, EFFECTIVE TODAY
|
CHASE MANHATTAN RAISES PRIME RATE TO 7-3/4 PCT FROM 7-1/2, EFFECTIVE TODAY
| Financial Reports |
PACIFIC GAS <PCG> ACCOUNTING CHANGE TO CUT NET
| Pacific Gas and Electric Co said
it expects to record a 470 mln dlr, or 1.25 dlr per share,
reduction in 1987 earnings because of the company's decision to
change the method used to record Diablo Canyon Nuclear Power
Plant revenues.
The accounting change will not affect the company's cash
position and... | Financial Reports |
GIANT FOOD INC <GFS.A> 4TH QTR FEB 28 NET
| Shr 50 cts vs 66 cts
Net 15.0 mln vs 20.0 mln
Revs 861.2 mln vs 725.9 mln
Year
Shr 1.55 dlrs vsd 1.90 dlrs
Net 46.5 mln vs 57.0 mln
Revs 2.53 billion vs 2.25 billion
Note: 1986 had 53 weeks vs 52 weeks in 1985. 4th qtr 1986
had 17 weeks vs 16 weeks in 1985.
| Corporate News |
INNOVEX <INVX> COMPLETES PURCHASE OF LUCHT
| Innovex Inc said it has completed
the purchase of substantially of the interest in Lucht
Engineering Inc that it did not already own.
Prior to this move Innovex owned 79 pct of Lucht, the
company said.
Innovex said it bought the shares by exchanging 293,101
shares of unregistered Innovex common s... | Financial Reports |
OIL PRICES SAID NOW BASED ON FUTURES PRICE
| Energy futures now set the
standard for oil pricing, said Arnold Safer, president of The
Energy Futures Group Inc, a consulting firm.
"Petroleum futures trading at the New York Mercantile
Exchange literally set spot market prices in the U.S.," he
said, adding that some oil products sellers now offer co... | Financial Reports |
MCO RESOURCES INC <MCR> 4TH QTR LOSS
| Shr loss 1.37 dlrs vs 1.59 dlrs
Net loss 38.6 mln vs 42.5 mln
Revs 31.4 mln vs 59.4 mln
Note: 1986 net includes pretax writedown of 23 mln on oil
and gas properties and a 30.3 mln non-cash provision for
impairment of geothermal property.
| Financial Reports |
LINEAR FILMS <LNER> SEES LOWER FOURTH QTR NET
| Linear Films Inc said it sees lower
earnings in the fourth quarter ending March 31 compared with a
year ago due to lower profit margins on stretch film from price
increases of polyethelene resin, a key raw material.
In last year's fourth quarter it earned 1,235,000 dlrs or
19 cts a share, a spokesman sa... | Other |
AUDITORS QUALIFY MCO RESOURCES <MCR> REPORT
| MCO Resources Inc said its independent
auditors have qualified their opinion on the company financial
statements for 1986, in which it posted a net loss of 38.6 mln
dlrs or 1.37 dlrs a share on revenues of 31.4 mln.
MCO said the qualfied opinion related to its realization of
the carrying amount of its g... | Commodities and Trade |
INTERNATIONAL LEASE FINANCE <ILFC> 1ST QTR NET
| Shr 22 cts vs 13 cts
Net 7,121,000 vs 4,481,000
Revs 37.4 mln vs 22.8 mln
Avg shrs primary 30,067,000 vs 29,735,000
| Commodities and Trade |
ARCO <ARC> SAYS NET TO COVER DIVIDEND PAYOUT
| Atlantic Richfield Oil Co said it
expects first quarter net income to cover its dividend
requirements in the quarter.
The company paid a quarterly dividend of one dlr a share
earlier this month.
| Commodities and Trade |
EGYPT TENDERS THURSDAY FOR OPTIONAL ORIGIN CORN
| Egypt will tender Thursday for
200,000 tonnes of optional origin corn, U.S. number two or
equivalent, 14.5 pct moisture, for late April shipment, private
export sources said.
Shipment will be from the Gulf or Great Lakes if U.S.
origin, they said.
| Financial Reports |
KNUTSON MORTGAGE <KNMC> SEES STRONG SECOND QTR
| Knutson Mortgage Corp said it
expects strong earnings performance for its initial fiscal
second quarter earnings ending March 31 since going public in
September 1986.
Albert Holderson, Knutson chairman, said he expects
earnings of about 40 cts per share for the quarter as a result
of a strong mortgage... | Commodities and Trade |
SERVOTRONICS <SVT> SETS 10 PCT STOCK DIVIDEND
| Servotronics Inc said it declared
a 10 pct stock dividend, payable May 15 to shareholders of
record April 21.
The company last declared a stock dividend, also 10 pct, in
March 1986.
| Commodities and Trade |
STANDARD OIL RAISES ALASKA NORTH SLOPE BY 1.50 DLRS, effective APRIL ONE
|
STANDARD OIL RAISES ALASKA NORTH SLOPE BY 1.50 DLRS, effective APRIL ONE
| Financial Reports |
SERVOTRONICS INC <SVT> YEAR NET
| Oper shr 50.4 cts vs 48.7 cts
Oper net 688,000 vs 665,000
Revs 12.3 mln vs 10.7 mln
Note: Oper excludes tax credits of 559,000 vs 537,000
| Corporate News |
CURRENCY FUTURES CLIMB LIKELY TO BE CHECKED
| The surge in currency futures since
Friday on the heels of the Reagan administration's proposed
tariffs on Japanese imports is likely to be curtailed in the
coming week, financial analysts said.
"The market is taking a breather now, and I would expect it
to last a little longer," said Craig Sloane, a cu... | Corporate News |
<POCO PETROLEUMS LTD> 1ST QTR JAN 31 NET
| Shr eight cts vs 30 cts
Net 1,100,000 vs 3,900,000
Revs 14.9 mln vs 20.7 mln
| Financial Reports |
LILLY <LLY> CUTS LIPOSOME CO <LIPO> STAKE
| Eli Lilly and Co told the Securities
and Exchange Commission it cut its stake in Liposome Co Inc to
500,000 shares, or 4.0 pct of the total outstanding common
stock, from 900,000 shares or 7.3 pct.
Lilly said it sold 400,000 Liposome common shares on March
17 at eight dlrs each.
As long as Lilly's... | Commodities and Trade |
GRAIN REPORTS IMPROVE U.S. FARM OUTLOOK-ANALYSTS
| The U.S. grain planting intentions and
stocks reports bear optimistic news for U.S agriculture, a
grain analyst on a Chicago Board of Trade panel said.
The decline in intended soybean acreage and lower stocks
are "the first report we've had for a long time that shows any
optimism for anybody," said John... | Other |
DANISH RESERVES RISE IN FEBRUARY
| Denmark's net official reserves rose
to 36.34 billion crowns in February from 28.00 billion in
January, against a revised 45.85 billion in February 1986, the
central bank said in its monthly balance sheet report.
Total net reserves, including reserves held by commercial
and major savings banks, rose to ... | Commodities and Trade |
ACCELERATION <ACLE> CUTS STAKE IN UNITED COASTS
| Acceleration Corp said it sold a
24.9 pct stake in the common stock of <United Coasts Corp> to
the <Sheet Metal Workers' National Pension Fund>.
The company said it agreed to sell the fund an additional
5.1 pct of Hartford, Conn.-based United when the fund receives
approval from the director of in... | Financial Reports |
OPPENHEIMER SELLS SIX PCT CYCLOPS <CYL> STAKE
| Oppenheimer, the brokerage and
investment subsidiary of Oppenheimer Group Inc, told the
Securities and Exchange Commission it sold its entire 6.0 pct,
stake of Cyclops Corp.
Oppenheimer said it sold the 243,400-share stake on March
27 at 95.00 dlrs a share.
It said it initially bought the stock in... | Corporate News |
ANALYSTS SEE SLOW MOVE TO HIGHER U.S. PRIME RATE
| Quarter-point prime rate increases to
7-3/4 pct by Citibank and Chase Manhattan Bank today will be
followed by other banks only after they see clearer signs of
the Federal Reserve's policy intentions, economists said.
"Based on the spread between banks' cost of funds and the
prime rate, it probably make... | Commodities and Trade |
TISCH BROTHERS LOWER TOSCO <TOS> STAKE
| An investment partnership led by
four sons of Loews Corp <LTR> Chairman Lawrence Tisch said it
cut its Tosco Corp stake to the equivalent of 1,499,985 shares,
or 4.95 pct of the total, from 1,666,650 shares, or 5.5 pct.
In a filing with the Securities and Exchange Commission,
the partnership, FLF Ass... | Corporate News |
NATURE'S BOUNTY INC <NBTY> YEAR LOSS
| Shr loss 10 cts vs loss 38 cts
Net loss 393,241 vs loss 1,384,334
Revs 43.6 mln vs 40.3 mln
| Financial Reports |
COMINCO <CLT> SELLS STAKE IN CANADA METAL
| Cominco Ltd said it
sold its 50 pct stake in Canada Metal Co Ltd to Canada Metal
senior management for an undisclosed sum.
Cominco said the sale was part of its previously announced
policy of divesting non-core businesses.
Canada Metal is a Toronto-based producer of lead alloys and
engineered lead... | Commodities and Trade |
AUDITORS GIVE FIRST CITY <FBT> QUALIFIED OPINION
| First City Bancorp of Texas, which lost
a record 402 mln dlrs in 1986, said in its annual report it
expected operating losses to continue "for the foreseeable
future" as it continues to search for additional capital or a
merger partner.
The Houston-based bank's 1986 financial statements received
a qua... | Financial Reports |
U.S. FED EXPLORES COMMODITY BASKET INDEX
| The complex task of wielding control
over monetary policy in an increasingly fast-moving global
economy could be aided by tying policy to commodity prices, the
newest member of the Federal Reserve Board says.
Commodity prices are already considered by the Fed in the
making of monetary policy. But they w... | Other |
MICROBIOLOGICAL SCIENCES INC <MBLS>4TH QTR LOSS
| Oper shr loss 10 cts vs profit nine cts
Oper net loss 387,000 vs profit 313,000
Revs 6,486,000 vs 5,613,000
Year
Oper shr loss two cts vs profit four cts
Oper net loss 96,000 vs profit 120,000
Revs 23.8 mln vs 21.3 mln
Note: 1986 oper excludes extraordinary gains of 299,000 f... | Financial Reports |
INVESTOR GROUP CUTS DBA SYSTEMS <DBAS> STAKE
| A group led by New York investors
David Bellet and Chester Siuda said it lowered its stake in DBA
Systems Inc to 100,000 shares, or 3.7 pct of the total
outstanding, from 170,000 shares, or 6.3 pct.
In a filing with the Securities and Exchange Commission,
the group said it sold 70,000 DBA common shares ... | Corporate News |
LOWELL INSTITUTION FOR SAVINGS <LIFS> QTLY DIV
| Qtly div 7.5 cts vs 7.5 cts prior
Pay May 19
Record April 24
| Financial Reports |
EARTHWORM TRACTOR CO INC <WORM> YEAR LOSS
| Oper shr loss 11 cts vs profit two cts
Oper net loss 1,058,585 vs profit 282,998
Revs 24.4 mln vs 23.7 mln
Note: 1986 oper includes accrued interest of 686,914 from
financing of capital goods transaction with Prudential Bache
Trade Corp.
Year-ago oper excludes extraordinary gain of 121,000... | Financial Reports |
INTERMEDICS INC <ITM> 1ST QTR FEB ONE NET
| Oper shr 26 cts vs 18 cts
Oper net 2,877,000 vs 1,838,000
Revs 44.3 mln vs 40.8 mln
NOTE: Current 1st qtr oper net excludes operating loss
carryforward of 1,694,000 or 16 cts per share. 1986 1st qtr
oper net excludes loss carryforward of 78,000 dlrs or one ct
per share and loss from discontinu... | Commodities and Trade |
EMERY AIR FREIGHT CORP TO OFFER 40 DLRS/SHR FOR PUROLATOR COURIER CORP
|
EMERY AIR FREIGHT CORP TO OFFER 40 DLRS/SHR FOR PUROLATOR COURIER CORP
| Corporate News |
EMERY AIR <EAF> TO BID FOR PUROLATOR <PCC>
| Emery Air Freight Corp said it
plans to begin tomorrow a 40 dlr a share tender offer for 83
pct of the outstanding common stock of Purolator Courier Corp.
The company said the tender offer is the first step in a
plan to buy 100 pct of the Purolator shares.
Following the tender offer, Emery said it w... | Financial Reports |
Bank of Japan buys dollars around 146.30 yen, dealers say
|
Bank of Japan buys dollars around 146.30 yen, dealers say
| Financial Reports |
AUSTRALIAN BROAD MONEY GROWTH 10.3 PCT IN FEBRUARY
| Australian annual broad money growth rose
10.3 pct in February, unchanged from January, but down from the
corresponding February growth rate of 13.9 pct, the Reserve
Bank said.
February broad money growth was steady at 0.7 pct from the
previous month and unchanged from February last year.
Borrowin... | Financial Reports |
ALCAN AUSTRALIA LIFTS ALUMINIUM INGOT PRICE
| Alcan Australia Ltd said it increased the
list price of 99.5 pct purity aluminium ingot to 2,050 dlrs a
tonne from 1,950 dlrs, effective immediately.
| Financial Reports |
ECONOMIC SPOTLIGHT - CHINA MUST PRESERVE FARMLAND
| "If we go on using up
farmland as we have done since 1980, there will be none left in
20 years to grow grain on."
Xu Jinfeng, a middle-aged official in Fengbang village on
the edge of Shanghai, sums up the dilemma China faces as it
tries to feed its more than one billion people and at the same
time le... | Commodities and Trade |
CHINA OFFICIAL CONDEMNS GOVERNMENT GRAIN POLICY
| The grain output of a major Chinese
grain-producing province is not increasing, because farmers
lack incentives, production costs are rising, storage
facilities are poor and there is not enough state investment in
grain, the province's vice-governor said.
The China Daily quoted Yang Jike, vice-governor ... | Corporate News |
CARME INC <CAME> 2ND QTR JAN 31 NET
| Shr nine cts vs one ct
Net 247,489 vs 27,301
Sales 1,933,107 vs 796,613
Six mths
Shr 21 cts vs five cts
Net 565,106 vs 121,997
Sales 3,781,970 vs 1,778,110
| Corporate News |
TAIWAN'S SECOND QUARTER IMPORTS SEEN RISING
| Taiwan's imports in the second quarter of
1987 are expected to rise to 7.75 billion U.S. Dlrs from 5.82
billion a year earlier and from 6.95 billion in the first
quarter of this year, the statistics department said.
A department official attributed the increase to growing
domestic investment by the priv... | Financial Reports |
Bank of Japan intervenes buying dollars at around 147.30 yen - dealers
|
Bank of Japan intervenes buying dollars at around 147.30 yen - dealers
| Commodities and Trade |
COMMERZBANK SEES LOWER OPERATING PROFIT THIS YEAR
| Commerzbank AG <CBKG.F> management
board chairman Walter Seipp said that from the present
viewpoint the bank must expect 1987 full operating profit to be
lower than in 1986.
In the first two months of the year, partial operating
profit -- excluding trading on the bank's own account -
declined, he s... | Corporate News |
BANK OF JAPAN INTERVENES IN EARLY TOKYO AFTERNOON
| The Bank of Japan intervened in the market
in the early afternoon, buying dollars around 147.30 yen and
continuing to buy them as high as 147.50 yen, dealers said.
The Bank intervened just after the dollar started rising on
buying by securities houses at around 147.05 yen, and hoped to
accelerate the do... | Corporate News |
MALAYSIA CUTS GAZETTED RUBBER PRICE
| Malaysia said it cut the gazetted
price of rubber to 202-7/8 cents per kg from 213-1/2 cents in
March, effective immediately.
No export duty is applicable at this level, against 3/8
cent per kg last month, because the government raised the
export duty threshold price to 210 cents per kg in early 1985.
... | Other |
SEIPP SAYS GERMAN INTEREST RATES SHOULD FALL
| The Bundesbank should take further
steps to reduce German interest rates to protect the mark from
further appreciation and to persuade investors to bring
long-term yields lower, Commerzbank AG <CBKG.F> management
board chairman Walter Seipp said.
But he told the bank's annual news conference this did... | Financial Reports |
MALAYSIA RAISES PALM OIL EXPORT DUTIES
| The Malaysian government said it
raised the export duty on processed palm oil (ppo) to 70.90
ringgit per tonne from 64.06 in March, effective today.
Export duty on crude palm oil (cpo) rose to 38.30 ringgit
per tonne from 16.06 last month.
The gazetted price for ppo rose to 819.6600 ringgit per
to... | Financial Reports |
WILLCOX AND GIBBS INC <WG> 4TH QTR NET
| Shr 42 cts vs 76 cts
Net 2.3 mln vs 3.3 mln
Revs 72.3 mln vs 59.8 mln
Year
Shr 1.48 dlrs vs 2.59 dlrs
Net 7.6 mln vs 11.1 mln
Revs 261.7 mln vs 224.7 mln
NOTE: 1985 net includes extraordinary gain of 1.5 mln dlrs
or 35 cts per share in 4th qtr and 5.1 mln or 1.19 dlrs for t... | Financial Reports |
CURRENCY INSTABILITY WILL NOT LAST - SUMITA
| Bank of Japan Governor Satoshi Sumita said
the present foreign exchange market instability will not last
long as there is caution in the market regarding the rapid
decline of the U.S. Unit.
He told reporters the major currency nations are determined
to continue their concerted intervention whenever nece... | Commodities and Trade |
SKYLARK CO LTD <SKLK.T> 1986 YEAR
| Group shr 65.44 yen vs 73.30
Net 4.48 billion vs 4.19 billion
Current 10.85 billion vs 9.77 billion
Operating 9.65 billion vs 9.54 billion
Sales 103.53 billion vs 94.39 billion
NOTE - Company forecast for current year is group shr 70.05
yen, net 4.80 billion, current 11.20 billion and ... | Commodities and Trade |
GERMAN 2.2 PCT GROWTH AVERAGE SEEN TO 1991
| The economy will grow by an average
rate of 2.2 pct a year in real terms between now and the end of
1991, Westdeutsche Landesbank Girozentrale (WestLB) said in an
annual report.
A year ago WestLB had forecast average growth of just under
three pct for 1986-1990.
The 1987 report said gross national... | Financial Reports |
SWEDEN'S BOLIDEN TO ANNOUNCE MAJOR CORPORATE TAKEOVER
| TODAY - OFFICIAL.
SWEDEN'S BOLIDEN TO ANNOUNCE MAJOR CORPORATE TAKEOVER
TODAY - OFFICIAL.
| Financial Reports |
COURT BLOCKS DELTA-WESTERN AIRLINES MERGER
| A U.S. Appeals court last night
blocked the 860 mln dlr merger of Delta Airlines Inc <DAL.N>
and <Western Airlines> just hours before it was to go into
effect because of a dispute over union representation.
The ruling came in a lawsuit in which the Air Transport
Employees union said Western's mana... | Corporate News |
BOLIDEN TO ANNOUNCE MAJOR CORPORATE TAKEOVER - OFFICIAL
| Boliden AB <BLDS ST> mining and metals
group said it will announce a major foreign corporate takeover
today involving a company with an annual turnover of two
billion crowns.
A Boliden spokesman told Reuters details of the
announcement would be given at a news conference by chairman
Rune Andersson ... | Financial Reports |
U.K. MONEY MARKET OFFERED EARLY ASSISTANCE
| The Bank of England said it had invited
an early round of bill offers from the discount houses after
forecasting a shortage of around 1.2 billion stg in the money
market today.
Among the main factors affecting liquidity, bills for
repurchase by the market will drain some 526 mln stg while
bills maturi... | Commodities and Trade |
TURKEY ESTIMATES 1986 GROWTH AT EIGHT PCT
| Turkey's Gross National Product grew an
estimated 8.0 pct in 1986 at fixed 1968 prices, compared with
5.1 pct in 1985, the State Statistics Institute said.
Reporting full-year data, it also said Gross Domestic
Product rose 8.3 pct compared with 5.1 pct in 1985. An earlier
estimate from nine-month data p... | Corporate News |
U.K. MONEY MARKET GIVEN 689 MLN STG EARLY HELP
| The Bank of England said it had provided
the money market with early assistance of 689 mln stg in
response to an early round of bill offers from the discount
houses. This compares with the Bank's estimate that the system
would face a shortage of around 1.2 billion stg today.
The central bank made outrig... | Corporate News |
MALAYSIAN MINERS SAY U.S. SELLING TOO MUCH TIN
| Malaysian miners criticised the
U.S. For violating an agreement with Southeast Asian producers
by selling more stockpiled tin in 1986 than agreed.
The U.S. General Services Administration sold 5,490 tonnes
of tin in 1986, well above an agreed upon annual limit of 3,000
tonnes, the States of Malaya Chamb... | Commodities and Trade |
GROUPE BRUXELLES LAMBERT PROFIT UP
| Net consolidated profit after deduction
for minorities 6.52 billion francs vs 5.40 billion.
Non-consolidated net profit 3.46 billion francs vs 3.05
billion.
Note - Results for year 1986. Company's full name is Groupe
Bruxelles Lambert SA <LAMB.BR>.
Proposed net final dividend on ordinary sh... | Corporate News |
AJINOMOTO TO BUY OUT JOINT FOOD VENTURE PARTNER
| Ajinomoto Co Inc <AJIN.T> said it will
sign around end-April to buy the 50 pct of <Knorr Foods Co
Ltd>, capitalised at four billion yen, that it does not already
own from its U.S. Partner <CPC International Inc>.
Ajinomoto will also acquire 50 pct each of CPC's two sales
subsidiaries and six pr... | Financial Reports |
OMNICOM GROUP INC <OMCM> 4TH QTR NET
| Shr profit 27 cts vs profit 51 cts
Net profit 6,600,000 vs profit 12.2 mln
Revs 211.7 mln vs 193.4 mln
Qtly div 24.5 cts vs 24.5 cts
Avg shrs 24.2 mln vs 23.8 mln
Year
Shr loss 17 cts vs profit 1.27 dlrs
Net loss 4,077,000 vs profit 30.1 mln
Revs 753.5 mln vs 673.4 mln
... | Corporate News |
GHANA COCOA PURCHASES SLOW
| The Ghana Cocoa Board said it purchased
214 tonnes of cocoa in the 24th week, ended March 19, of the
1986/87 main crop season, compared with 456 tonnes the previous
week and 372 tonnes in the 24th week ended March 27 of the
1985/86 season.
Cumulative purchases so far this season stand at 217,449
tonne... | Financial Reports |
U.K. MERGER CLEARANCES
| The Secretary of State for Trade and
Industry said he had decided not to refer the proposed
acquisition by Reed International Plc <REED.L> of <Technical
Publishing Company Inc> to the Monopolies and Mergers
Commission.
The proposed acquisition by <Rosehaugh Plc> of <The General
Funds Inves... | Financial Reports |
TAIWAN SEES SHARP DECLINE IN SHIPBREAKING
| Taiwan's shipbreaking industry is
expected to decline sharply this year despite the boom in 1986
because of keener competition from South Korea and China, the
rising Taiwan dollar and U.S. Import curbs on steel products,
industry sources said.
Last year, Taiwanese breakers demolished a record 344
vess... | Corporate News |
U.K. INTERVENTION FEED WHEAT TENDER RESULT AWAITED
| Grain traders said they were still
awaiting results of yesterday's U.K. Intervention feed wheat
tender for the home market.
The market sought to buy 340,000 tonnes, more than double
the remaining 150,000 tonnes available under the current
tender. However, some of the tonnage included duplicate bids
fo... | Financial Reports |
SINGAPORE'S UIC TO BUY INTO TECK HOCK COFFEE FIRM
| Singapore's United Industrial Corp Ltd
(UIC) has agreed in principle to inject 16 mln dlrs in
convertible loan stock into <Teck Hock and Co (Pte) Ltd>, a
creditor bank official said.
UIC is likely to take a controlling stake in the troubled
international coffee trading firm, but plans are not finalis... | Financial Reports |
H.K. BANKS TO RAISE PRIME RATES SOON, DEALERS SAY
| Banks in Hong Kong are likely to raise
prime rates by half a percentage point to 6-1/2 pct following a
one-quarter point prime rate increase by two major U.S. Banks
yesterday, dealers said.
They told Reuters local banks may decide on the increase at
this weekend's routine meeting of the Hong Kong Associ... | Commodities and Trade |
FORD MOTOR CO OF CANADA LTD<FC> CUTS ANNUAL DIV
| Annual div six dlrs vs 12 dlrs prior
Pay March 19
Record March 13
Note: 1986 payout includes two dlrs a share extra dividend
1985 payout includes four dlrs a share extra dividend
| Financial Reports |
GERMAN CALL MONEY DROPS BACK AT MONTH START
| Call money rates fell to 3.85/95 pct
from five pct yesterday in moderate trading as month end
tightness disappeared and operators took positions for April.
Dealers said they expected rates to remain within a 3.70 to
four pct range this month. A minor tax payment period on behalf
of customers mid-month, ... | Financial Reports |
SWEDEN'S BOLIDEN AB TAKES OVER U.S. ALLIS-CHALMERS CORP FOR
| 600 MLN CROWNS - OFFICIAL
SWEDEN'S BOLIDEN AB TAKES OVER U.S. ALLIS-CHALMERS CORP FOR
600 MLN CROWNS - OFFICIAL
| Corporate News |
MITSUBISHI HEAVY, C. ITOH TO SELL TRIGUNA STAKES
| Mitsubishi Heavy Industries Ltd <MITH.T>
(MHI) and C. Itoh and Co Ltd <CITT.T> have decided to sell
their combined 65 pct stake in Indonesia's <Pt Triguna Utama
Machinery Industries> to <Caterpillar Tractor Co>, spokesmen
for the two Japanese companies said.
Triguna, set up in 1982, is owned... | Other |
SWEDEN'S BOLIDEN AB TAKES OVER MINING GEAR UNITS OF
| ALLIS-CHALMERS CORP FOR 600 MLN CROWNS
SWEDEN'S BOLIDEN AB TAKES OVER MINING GEAR UNITS OF
ALLIS-CHALMERS CORP FOR 600 MLN CROWNS
| Financial Reports |
SUGAR TRADERS FORECAST LIKELY EC SUGAR REBATE
| London traders say the European Community
is likely to award a maximum rebate of 46.80 European currency
units per 100 kilos at today's tender, while traders in Paris
predict a maximum award of 46.40 Ecus.
Last week the EC awarded licences for 59,000 tonnes at a
rebate of 45.678 Ecus.
Trade views ... | Corporate News |
BOLIDEN TAKES OVER ALLIS-CHALMERS DIVISION
| Swedish mining and metals group
Boliden AB <BLDS ST> said it would buy the mining equipment
operations of the U.S. Allis-Chalmers Corp <AH.O>, amounting to
more than 50 pct of group sales, for 600 mln crowns.
Boliden president Kjell Nilsson told a news conference the
acquisition of the Allis-Chalm... | Financial Reports |
PROPOSED JAPAN TAX MAY DAMPEN TOKYO GOLD TRADING
| A proposed sales tax on gold transactions
could put a damper on the Tokyo market and encourage a shift of
trading to Hong Kong and Singapore, senior vice president and
Tokyo branch manager of Credit Suisse Paul Hofer told a press
conference.
"If you impose five pct on both buy and sell transactions,
T... | Financial Reports |
INDIAN RATE CUTS TO SPARK INDUSTRY, AGRICULTURE
| The Indian Finance Ministry's
announcement in Parliament yesterday, changing the nation's
interest rate structure, will benefit industry and agriculture
by providing loans at lower interest, bankers and brokers said.
The changes, effective today, included reducing commercial
bank lending rates that have... | Financial Reports |
U.K. MONEY MARKET SHORTAGE FORECAST REVISED UP
| The Bank of England said it had revised
its estimate of the shortage in the money market up to 1.3
billion stg from 1.2 billion before taking account of its early
operations.
The Bank has provided 689 mln stg assistance so far today.
| Other |
INTERNATIO-MUELLER ACQUIRES CANADIAN COMPANY
| Internatio-Mueller NV <INTN.AS> said it
will acquire <Promac Controls Inc> of Canada but declined to
comment on the amount of the payment, which will be in cash.
Promac, which produces measurement and regulating
equipment, has a work force of 50 and had 1986 turnover of five
mln guilders, an Inter... | Financial Reports |
U.K. INTERVENTION FEED WHEAT SOLD TO HOME MARKET
| A total of 126,031 tonnes of U.K.
Intervention feed wheat was sold to the home market at this
week's tender, provisional results show, the Home Grown Cereals
Authority (HGCA), said.
Actual prices were not reported but the wheat was sold at,
or above, the March intervention price of 119.17 stg per tonne.... | Corporate News |
SRI LANKA TO UPGRADE QUALITY OF COCONUT PRODUCTS
| The Sri Lankan cabinet approved
recommendations to upgrade the quality of coconut fibre
products, the government said.
It said the recommendations also suggested that
encouragement be given for the manufacture of value-added
products from coconut fibre and a market development programme
be launched fo... | Corporate News |
HOOGOVENS CONCLUDES TAKEOVER OF PHILIPS CIREX UNIT
| Dutch steel concern
<Hoogovens Groep BV> said it had reached agreement with NV
Philips Gloeielampenfabrieken <PGLO.AS> on its takeover of
Cirex, a specialised Philips precision wax moulding unit.
Neither party would reveal financial details of the deal,
initially announced in October.
Hoogov... | Financial Reports |
PRECIOUS METALS CLIMATE IMPROVING, SAYS MONTAGU
| The climate for precious metals is
improving with prices benefiting from renewed inflation fears
and the switching of funds from dollar and stock markets,
brokers Samuel Montagu and Co Ltd said.
Silver prices in March gained some 15 pct in dlr terms due
to a weak dollar and silver is felt to be fairly c... | Corporate News |
TOTAL U.S. COPPER STOCKS LOWER IN JANUARY
| Total copper stocks held by U.S. rod
mills and refiners (including wirebars, cathodes, scrap, rod
and in-process material) dropped to 155,467,000 lbs at the end
of January from 203,513,000 lbs at the end of December, the
American Bureau of Metal Statistics said.
Rod stocks held by refiners and rod mills... | Corporate News |
ROTTERDAM GRAIN HANDLERS STAGE LIGHTNING STRIKES
| Lightning strikes hit the grain sector
of the port of Rotterdam today after employers turned down
union demands for shorter working hours in a new labour
agreement, transport union FNV spokesman Bert Duim said.
Around 140 grain handlers stopped work, 125 of them at the
two Europoort locations of Graan E... | Financial Reports |
BOLIDEN TAKES OVER ALLIS-CHALMERS DIVISION
| Swedish mining and metals group
Boliden AB said it would buy the mining equipment operations of
the U.S. Allis-Chalmers Corp, amounting to more than 50 pct of
group sales, for 600 mln crowns.
Boliden president Kjell Nilsson told a news conference the
acquisition of the Allis-Chalmers unit, which he desc... | Corporate News |
MALAYSIA DECLINES TO STATE POSITION ON COCOA PACT
| Government officials in Malaysia, a
major cocoa producer, have declined to say whether it will join
the International Cocoa Agreement (ICCA) for which buffer stock
rules were agreed in London last week.
Ministry of Primary Industries officials said in January
the cabinet would decide on Malaysia's parti... | Financial Reports |
CURRENCY INSTABILITY WILL NOT LAST - SUMITA
| Bank of Japan Governor Satoshi Sumita said
the present foreign exchange market instability will not last
long as there is caution in the market regarding the rapid
decline of the U.S. Unit.
He told reporters the major currency nations are determined
to continue their concerted intervention whenever nece... | Financial Reports |
BOND CORP COMPLETES CONSOLIDATED PRESS PURCHASE
| Bond Corp Holdings Ltd <BONA.S> said it
has completed the 1.05 billion dlr purchase of the electronic
media interests of unlisted <Consolidated Press Holdings Ltd>.
The new company <Bond Media Ltd> now holds the television,
broadcasting and associated businesses previously held by Kerry
Packer'... | Financial Reports |
H.K. BANKS TO RAISE PRIME RATES SOON, DEALERS SAY
| Banks in Hong Kong are likely to raise
prime rates by half a percentage point to 6-1/2 pct following a
one-quarter point prime rate increase by two major U.S. Banks
yesterday, dealers said.
They told Reuters local banks may decide on the increase at
this weekend's routine meeting of the Hong Kong Associ... | Financial Reports |
ONE OFFER FOR SRW WHEAT ON CALL SESSION, NO MILO
| One offer but no bid was posted for SRW
wheat on the call session at the St Louis Merchants Exchange
today. There were no bids or offers for milo.
June 15-July 15 bill of lading for wheat was offered at 17
over July, no comparison, no bid.
| Financial Reports |
GUARDIAN ROYAL PROFIT UP SHARPLY AT 143.8 MLN STG
| Year to Dec 31
Shr profit 63.6p vs loss 8.7p
Final div 24p making 34p vs total 28.75p
Pretax profit 143.8 mln stg vs 3.5 mln
General underwriting loss on short-term business 79.8 vs
154.3
NOTE - Company's full name is Guardian Royal Assuance Plc
<GREX.L>
Underwriting profit ... | Industrial and Sector News |
PRECIOUS METALS CLIMATE IMPROVING, SAYS MONTAGU
| The climate for precious metals is
improving with prices benefiting from renewed inflation fears
and the switching of funds from dollar and stock markets,
brokers Samuel Montagu and Co Ltd said.
Silver prices in March gained some 15 pct in dlr terms due
to a weak dollar and silver is felt to be fairly c... | Financial Reports |
SWEDISH MATCH SELLS PORTUGUESE UNIT
| Swedish Match AB <SMBS.ST> said it was
selling one of its Portuguese subsidiaries, <Sociedade de
Iniciativa e Aproveitamentos Florestais Sarl> (SIAF), to the
Porto-based <Sonae Group> for an undisclosed price.
SIAF, a subsidiary of Swedish Match since 1946, had a
turnover last year of 62 mln cr... | Financial Reports |
SUN LIFE ASSURANCE profit up
| Year 1986
DIV 18.1p making 28.5p vs 23.74p
PROFIT AFTER TAX 17.4 mln stg vs 14.1 mln
TAX 0.7 mln stg vs 0.2 mln
Bonus distribution rose to new record level of 125.1 mln
stg vs 114.9 mln in 1985
Full name of company is Sun Life Assurance Society Plc
<SULL.L>.
| Financial Reports |
SUN ALLIANCE PRETAX PROFIT 180.4 MLN STG VS 37.7 MLN FOR
| 1986
SUN ALLIANCE PRETAX PROFIT 180.4 MLN STG VS 37.7 MLN FOR
1986
| Corporate News |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.