HSBC Holdings (0005) releases its annual results today and many investment houses seem positive. Goldman Sachs expects the total amount of share buybacks of the banking group to hit US$3 billion (HK$23.4 billion) this year and the dividend payout to be maintained at 51 US cents per share. The conglomerate has had three public repurchases…
Deborah Repman of Caldwell Boudreaux Lefler. New Positions Deborah Repman has been promoted to partner in Caldwell Bodreaux Lefler in Houston. Repmans principal area of practice is regulatory compliance with federal and state law governing the transportation of crude oil, petroleum products and natural gas liquids. She has experience in administrative litigation before the Federal…
Reckitt Benckiser Consumer goods group blames difficulties in developed markets and rising commodity costs The Nurofen-owning company has struggled with the weakest performance in its history. Photograph: Glenn Hunt/AAP Reckitt Benckiser, the owner of brands including Durex and Nurofen, missed its 2017 profit expectations and said tough trading in developed markets and rising commodity costs…
Naomi Rovnick in London February 19, 2018 Reckitt Benckiser, the British household goods company, has reported flat sales growth for 2017 but vowed that its sluggish performance would not continue. Like for like revenues at the Cillit Bang and Clearisil maker were unchanged on 2016, the company said. But it also reported 2 per cent…
Simon Mundy and Victor Mallet in Mumbai February 19, 2018 Natarajan Chandrasekaran is blunt about what his main priority was when he took over as the head of Tata 12 months ago: I needed to stop the bleeding in major areas. He inherited the reins at Indias biggest business group following one of its darkest…
Shares in real estate listings business Domain have rallied despite the company reporting a half-year loss. In its first result since spinning off from Fairfax Media, Domain posted a statutory net loss of $3.4 million in the first half of the financial year, as restructuring costs weighed on the result. On a pro-forma basis,…
Late last year, amid a barrage of public debate and media attention, U.S. president Donald Trump signed into law what has been widely recognized as the most sweeping U.S. tax legislation in more than 30 years. The move sparked a phenomenon in which practically everyone was thinking, and talking, about taxes. A pervasive event such…
Late last year, amid a barrage of public debate and media attention, U.S. president Donald Trump signed into law what has been widely recognized as the most sweeping U.S. tax legislation in more than 30 years. The move sparked a phenomenon in which practically everyone was thinking, and talking, about taxes. A pervasive event such…
Celebrity chef Jamie Oliver is reportedly considering selling the steak restaurant business he started in 2011, as part of an ongoing restructuring process that also involves the well-known Jamies Italian chain of restaurants. Last week, British newspaper The Sun reported the Jamies Italian chain was $125.9 million (£71.5 million) in debt and Olivers restaurant group…
Noble Group Ltd., the commodity trader thats seeking to restructure its debt, said it expects to report a net loss of between $1.73 billion and $1.93 billion for the final quarter of last year, potentially bringing losses for all 2017 to almost $5 billion. For now, given talks with creditors and finance provided by its…