DSG sales supported by the World Cup and the iPad

DSG International on Thursday reported quarterly sales in line with expectations, benefiting from strong demand for the iPad, the digital tablet from Apple, and televisions during the World Cup soccer.
The number two European distributor of consumer electronics has shown, however, worried about the economic outlook, even if he says well positioned.
The [...]

Iliad picking the fruits of recovery of Alice in H1

Iliad Tuesday reported a significant improvement in profitability in the first half thanks to a quicker recovery than expected from its subsidiary, Alice, restructuring since it was bought 18 months ago.
The Internet service provider, which owns the brand Free, has published a net profit of 171.4 million euros, signing an improvement of 27% [...]

Half-year loss for Spyker, sales of the Saab brand morose

The Dutch manufacturer Spyker sports cars, which bought Sweden's Saab to GM, announced Friday that it had lost money in the first half and predicted annual sales of Saab in the bottom of its forecast range.
The group has however assured that he would not be obliged to undertake a recapitalization and that it [...]

The FSA imposed a fine of 1.5 million pounds at SocGen

The Financial Services Authority (FSA) has imposed Wednesday at Societe Generale fined 1.5 million pounds (1.9 million euros) for deficiencies in its reporting procedures.
The UK control of financial markets said in a statement the "seriousness" of the failings in the French bank in terms of reporting on financial transactions.
She adds that [...]

The industrial orders increased in June in the euro area

The industrial orders in the eurozone rose slightly more than expected in June, according to statistics released Tuesday by Eurostat.
The control inputs in the sector rose 2.5% from May and 22.6% compared to June 2009.
Economists and analysts polled by Reuters had forecast average for June increased 1.5% from May and up [...]

Time Warner has exceeded expectations and raised its forecast

Time Warner publishes a quarterly profit above Wall Street expectations after posting the largest increase in sales for two years.
It also raised its forecast for the full year, saying that now rely on an increase of at least 20% of its current earnings per share.
The U.S. media group has achieved in [...]

Puma renounces its goal of pretax profit

Puma has waived its annual forecast of taxable income due to the potential cost of litigation in Spain, after posting interim results below expectations.
During a conference call, Jochen Zeitz's chief executive, said that "it would not be prudent" to maintain its pre-tax profit target given the potential costs associated with the lawsuit brought [...]

Fell less-than-expected earnings in the first half of BBVA

BBVA has done better than expected by analysts in the first half, registering a decline in net income limited to 9.7% due to a decline in bad debts and its overseas operations, which offset the difficulties encountered in Spain.
The second Spanish bank has published a half-year net income of 2.53 billion euros, while [...]

Eli Lilly and Bristol-Myers Squibb beating the consensus

U.S. Laboratories Eli Lilly and Bristol-Myers Squibb on Thursday posted quarterly results above expectations, despite a tighter price controls in Europe, fluctuations in exchange rates and costs of health reform in the U.S. .
Eli Lilly has taken its game in the second quarter thanks to cost control and higher prices in the U.S. [...]

Philips raises its margin target for 2010

Philips has raised its margin target for 2010 after better than expected results for the second quarter driven by strong sales in emerging markets.
The Dutch consumer electronics was confident of being able to exceed its margin target of 10% EBITA before exceptional items this year as he previously thought just to reach this [...]