Tesco Plc's shares increased around 4 percent in the morning trade in London after the British supermarket chain posted Wednesday a higher profit in its fiscal year 2014, benefited by lower charges and a slight increase in sales. Group trading profit, meanwhile, declined 6 percent due to a weakening UK grocery market and challenging trading conditions mainly in Europe.
French diary giant Danone SA Wednesday reported a 5.2 percent decline in the first-quarter sales, reflecting unfavorable foreign exchange effects. Sales, however, showed an organic growth of 2.2 percent. The company also backed its full-year 2014 outlook.
Consumer goods giant Reckitt Benckiser Group Plc. (RBGPF.PK, RB.L) Wednesday reported lower revenue for the first quarter, hurt by currency fluctuations. Excluding the currency impact, revenue grew and the firm said it is on track to achieve its fiscal 2014 financial targets.
Dutch semiconductor equipment maker ASML Holding NV (ASML) Wednesday reported a significant increase in its first-quarter profit, supported by solid improvement in sales that benefited from memory customers. The firm, however, expects sales in the second quarter to be affected by adjustments of system demand from some logic customers.
European stocks are seen opening higher on Wednesday as chipmaker Intel and Internet Company Yahoo! Inc. both delivered positive earnings surprises and data out of China showed the country's GDP growth slowed to an 18-month low in the first quarter, increasing the chances of policy easing.
Swiss lender Credit Suisse Group reported Wednesday a sharp decline in first-quarter profit, hurt mainly by weak performance in its investment banking segment, despite improved results in Private Banking & Wealth Management businesses.
Swiss crop chemicals firm Syngenta AG (SYT) Wednesday reported a modest growth in sales for the first quarter, despite a delayed start to the U.S. season. The company also maintained its sales growth expectation for the year, but said adverse currency would have a bigger-than-estimated impact.
Zogenix Inc. (ZGNX) rose more than 10 percent in extended trading on Tuesday to $2.59 following the Court's order preventing the implementation of the Governor's order that blocked access to Zohydro ER on Constitutional grounds.
The Italian government announced Tuesday nominees to boards of three of the largest state-controlled companies, Eni SpA, Enel SpA and Finmeccanica SpA. The government also named nominees to the board of Italian postal services operator Poste Italiane.
BHP Billiton Ltd on Wednesday raised its full-year production outlook for iron ore and metallurgical coal after production of the commodities during the third quarter rose 23 percent and 28 percent year-over year respectively. However, the mining giant's copper production for the third quarter declined 5 percent from last year.
Railroad operator CSX Corp. (CSX), Tuesday reported a drop in profit for the first quarter, hurt largely by the harsh winter that offset a moderate growth in revenues. Both earnings and revenues for the quarter topped Wall Street's expectations. The company also boosted its quarterly dividend by 7 percent.
Intel Corp. said Tuesday after the markets closed that its first quarter profit fell 5% from last year, hurt mainly by higher income tax expenses even as revenue grew slightly. The company's quarterly earnings per share came in above analysts' expectations, but its quarterly revenue fell shy of analysts' forecast.
Yahoo Inc reported a 20 percent decline in first-quarter profit, hurt mainly by increased operating expenses, even as its ad business rebounded for the first time in about three years and search revenue maintained the momentum. Yahoo's results for the first quarter topped Wall Street estimates.
With traders digesting a mixed batch of catalysts, stocks saw considerable volatility over the course of the trading day on Tuesday before closing mostly higher. The gains on the day extended the recovery off the two-month lows set last Friday. The major averages showed a notable rebound in afternoon trading to end the day in positive territory.
While corruption and widespread inequality were among the root causes of the massive street protests that erupted last year in Ukraine, the fear-mongering and incitement to hatred that has followed must be urgently countered to avoid the further escalation of tensions in the country, according to a United...