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Industrial Conglomerates

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Cofide Gruppo De Benedetti H1 net profit down to EUR 17.5 mln

Friday, 29 Jul 2016 11:45am EDT

Cofide Gruppo De Benedetti SpA : H1 net profit 17.5 million euros ($19.55 million) versus 20.3 million euros a year ago .H1 revenue from sales 1.32 billion euros versus 1.29 billion euros a year ago.

UK's CMA to review undertakings given BAE Systems 1999 deal

Friday, 29 Jul 2016 10:21am EDT

UK's CMA : To review undertakings given by British Aerospace Plc, now BAE Systems Plc, arising from acquisition of General Electric Co unit in Nov 1999 .Undertakings given by BAE Systems have been subject to three reviews to date.

Valueact Capital Master Fund LP reports 6.8 pct stake in Trinity Industries

Friday, 29 Jul 2016 06:19am EDT

Trinity Industries Inc : Valueact Capital Master Fund LP reports 6.8 pct stake in Trinity Industries Inc as of July 18, 2016 - SEC filing . Valueact Capital Master Fund says intends to have talks with Trinity Industries management and board to "discuss ways to enhance shareholder value" .Valueact Capital Master Fund says purchased securities of Trinity Industries based on their belief that the securities were "undervalued".

Jardine Matheson posts 4 pct fall in first-half underlying profit

Friday, 29 Jul 2016 05:52am EDT

Jardine Matheson Holdings Ltd : Underlying profit for first six months of 2016 US$636 million, 4% below same period in 2015 . H1 2016 revenue of group US$34.6 billion, compared to US$31.5 billion in first half of 2015 . Board declared an unchanged interim dividend of US¢38.00 per share . Underlying Profit for first half of 2016 was lower as market conditions remained challenging .Expect recent performances by most of group's businesses to be maintained in second half.

Ryosan suspends business takeover plan from Hitachi Ltd

Friday, 29 Jul 2016 03:21am EDT

Ryosan Co Ltd <8140.T>: Says it has suspended the milli-wave IC business takeover plan, which was announced on Feb. 26 .Says the company planned to takeover the business from Hitachi Ltd <6501.T>.

GE sells 14.4% stake in Penske Truck Leasing

Thursday, 28 Jul 2016 06:58am EDT

General Electric Co : GE sells 14.4% stake in Penske Truck Leasing to Penske Automotive Group . GE Capital's announced sales now total approximately US$189 billion (eni) . Sale represents ending net investment of about $0.4 billion and leaves ge with a 15.5% limited partner interest in business .GE Capital believes it is on track to deliver about $35 billion of dividends to ge under plan.

Wartsila wins order for Indonesia power plant

Thursday, 28 Jul 2016 02:30am EDT

Wartsila Oyj Abp : Says will supply a 23 MW Smart Power Generation power plant to PT. Berkah Kawasan Manyar Sejahtera, BKMS, in Indonesia .Says turn-key order includes three Wartsilä 34DF multi-fuel engines.

GE to sell its shares in GE Capital Interbanca SpA to Banca IFIS SpA

Thursday, 28 Jul 2016 01:31am EDT

General Electric Co : Entered into an agreement with banca ifis s.p.a to sell its shares in ge capital interbanca s.p.a in italy .Transaction includes employees of business and represents ending net investment of approximately us$3.7 billion as of end of q1.

DMCI clarifies on news article regarding FY 2016 profit

Wednesday, 27 Jul 2016 10:22pm EDT

DMCI Holdings Inc : Clarifies on news article entitled "DMCI sees 2016 profit remaining flat at p12b" posted in inquirer.net on July 28, 2016 . Estimates 2016 net profit similar to last year's p12 billion due to reduced contributions from maynilad water services inc. and DMCI Homes .

L&T Infotech and GE Digital tie up to develop digital industrial solutions

Wednesday, 27 Jul 2016 08:45am EDT

Larsen & Toubro Infotech Ltd : L&T Infotech & GE Digital announce global strategic partnership to develop digital industrial solutions .


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Provider : Reuters Investment Profile
Provider : SADIF-Investment Analytics, S.A.
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