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Short Interest in Gastar Exploration Grows By 1.7%

2015-11-11 09:21:00| Logistics - Topix.net

Shares of Gastar Exploration were the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totalling 8,099,490 shares, a growth of 1.7% from the October 15th total of 7,963,151 shares, MarketBeat reports.

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Better Cotton grows to 7.6% of global production

2015-11-09 12:02:00| Daily apparel & textile news and comment - from just-style.com

Responsibly sourced Better Cotton made up 7.6% of global cotton production in 2014, new figures show, extending its reach to 20 countries worldwide and helping to reduce the amount of synthetic pesticides and fertilisers used. 

Tags: global production cotton grows

 
 

Vodacom Group H1 revenue grows 6.4%, EBITDA increases 13%

2015-11-09 08:43:00| Telecompaper Headlines

(Telecompaper) Vodacom Group reported 6.4 percent increase in its revenue for six months ended 30 September to ZAR 39.96 billion. Group EBITDA rose 13.0 percent year-on-year to ZAR 14.7 billion, and the margin was up 2.1 percent points to 36.7 percent. Group operating profit increased 7.8 percent to ZAR 10.17 billion, mainly due to EBITDA growth, partly offset by higher depreciation and amortisation. Capital expenditure rose to ZAR 6.22 billion from ZAR 5.88 billion in 2014, driven by rapidly expanding LTE coverage and increasing speeds. Headline earnings per share were up 6.0 percent to ZAR 4.40. The group declared a ZAR 3.95 interim dividend per share, up 5.3 percent from a year ago. Vodacom said its markets continue to be highly competitive, and regulatory and macroeconomic risks remain. EBITDA growth will not likely be sustained at the high rate of 13 percent in the second half. The second half will carry high costs for publicity and network and capability development in fibre and content. Year-over-year growth will be impacted by the stronger performance in the second half of last year where profitability stepped up as a result of efficiency initiatives. Also, there is a further reduction in MTR in South Africa from October, which will have a slightly negative effect on Vodacom's margin in the second half.

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Homelessness in Hawaii grows, defying image of paradise

2015-11-08 17:17:58| Airlines - Topix.net

Two days before the city planned to dismantle her sidewalk home, Kionina Kaneso had no idea where she and her daughter and grandchildren would sleep. A full-time fast-food worker, Kaneso had bad experiences at shelters before and was hesitant to live in another, ending up instead in one of the nation's largest homeless encampments.

Tags: image hawaii paradise grows

 

Telefonica grows in Spain, Germany as Brazil market slow

2015-11-06 08:42:00| Telecompaper Headlines

(Telecompaper) Telefonica reported third-quarter revenues up 10.8 percent year-on-year to EUR 11.919 billion, as a return to growth in Spain and the takeover in Germany helped offset slowing growth in Brazil. Revenue in its home market increased 0.2 percent to EUR 2.998 billion, the first growth in seven years. Latin America sales rose 8.9 percent to EUR 3.634 billion, but Brazil declined 5.5 percent to EUR 2.736 billion. Germany also contributed to growth after the takeover of E-Plus, with revenue there up 62.4 percent to EUR 1.979 billion. The synergies in Germany helped OIBDA at Telefonica increase 2.9 percent to EUR 3.693 billion. On an organic basis, both the group's revenue and OIBDA rose 4.8 percent in Q3. Net profit was still down 1.6 percent to EUR 884 million. In the year to date, capital expenditure rose 8.8 percent to EUR 7.101 billion, while operating cash flow was down 1.3 percent to EUR 3.912 billion. Net debt was reduced by EUR 1.547 billion in the quarter to EUR 49.691 billion, bringing leverage to 2.84x EBITDA. Assuming the sale of O2 Uk goes ahead, leverage would be 2.32x EBITDA, within the company's year-end target of 2.35x. Telefonica also maintained its other targets for the year, for revenue growth of over 9.5 percent, after 13.5 percent in the first nine months, and a drop of no more than 1.2 percent points in the adjusted OIBDA margin. In the first nine months, the margin was down 1.3 points. 

Tags: market germany spain brazil

 

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