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Rebellion over executive pay grows

2016-04-28 21:36:35| BBC News | Business | UK Edition

A shareholder revolt over excessive executive pay hits Weir Group, Shire, Standard Chartered and Reckitt Benckiser.

Telenor grows organic revenue 1.5% in Q1

2016-04-27 08:48:00| Telecompaper Headlines

(Telecompaper) Telenor reported organic revenue growth of 1.5 percent in the first quarter and maintained its outlook for 2-4 percent growth over the full year. First-quarter revenues totaled NOK 33.0 billion, up from NOK 31.4 billion a year earlier as mobile subscription and traffic revenue growth of 6 percent offset lower handset sales and declining revenues from fixed legacy products. Telenor added 5.4 million new mobile subscribers in the quarter, of which 2.2 million in Pakistan, 1.8 million in Myanmar and 1.5 million in India. The total customer base reached 208 million. Adjusted EBITDA rose to NOK 11.7 billion from NOK 10.8 billion, driven by improvements in Myanmar and Bangladesh and positive currency effects. The margin improved one percentage point to 35 percent, ahead of the full-year target of 33-34 percent. Net profit increased to NOK 4.3 billion from NOK 3.9 billion a year ago.

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Orange grows underlying revenue 0.6% in Q1

2016-04-26 08:10:00| Telecompaper Headlines

(Telecompaper) Orange reported a third consecutive quarter of revenue growth in Q1, driven by improving results in Spain, Belgium and Africa. Reveneus for the three months totalled EUR 10.009 billion, up 0.6 percent on a comparable basis and 3.5 percent higher on a reported basis. Orange reported adjusted EBITDA down 1.6 percent on a comparable basis to EUR 2.569 billion. Excluding the impact of an employee shares programme, Orange said the result was up 0.3 percent. The company maintained its outlook for growth in full-year EBITDA. Capital expenditure rose 10.4 percent year-on-year to EUR 1.457 billion or 14.6 percent of revenue, in line with the increased investment planned under the Essentiels2020 programme.

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Google grows quarterly sales 17% to over USD 20 bln

2016-04-22 08:28:00| Telecompaper Headlines

(Telecompaper) Alphabet, the parent company of Google, reported first-quarter sales up 17 percent year-on-year to USD 20.257 billion. Excluding currency effects, revenues rose 23 percent. The company's operating margin was stable at 26 percent, and net profit rose to USD 4.207 billion or USD 6.02 per share from USD 3.515 billion or USD 5.10 a year ago. Google alone, excluding the company's 'other bets', also posted revenues up 17 percent, at USD 20.091 billion, and its operating profit rose to USD 6.272 billion from USD 5.188 billion. The 'other bets' contributed an operating loss of USD 802 million on revenue of USD 166 million. Alphabet collected USD 7.658 billion in operating cash flow in the quarter and spent USD 2.428 billion on capital equipment, leaving it with total cash of USD 75.264 billion at the end of March.

Tags: sales google usd quarterly