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Broadcom lowers FY guidance by USD 2 bln on export restrictions
2019-06-14 09:51:00| Telecompaper Headlines
(Telecompaper) Broadcom reported higher revenues but lower profit in the second quarter, and reduced its full year revenue outlook by USD 2 billion on "anticipated headwinds from wireless." CEO Hock Tan said demand is down on the back of continued geopolitical uncertainties and the effects of export restrictions at one of the company's largest companies. During a call with analysts, Tan noted that 4.3 percent of Broadcom's revenues for its fiscal year to November came from Huawei, or about USD 900 million, the Wall Street Journal reported.
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export
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restrictions
Arcadia lowers rent reduction request ahead of CVA vote
2019-06-10 18:13:00| Daily apparel & textile news and comment - from just-style.com
Retailer Arcadia Group has revised its rent reductions to a range of between 25%-50% as opposed to previous proposals of 30%-70% ahead of this week's creditors meeting.
In Double Whammy, Fitch Downgrades Mexico, Moody's Lowers Outlook
2019-06-06 03:34:26| OGI
In a double blow for Mexico, credit ratings agency Fitch downgraded the nation's sovereign debt rating on June 5, citing risks posed by heavily indebted oil company Pemex and trade tensions, while Moody's lowered its outlook to negative.
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mexico
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fitch
Eutelsat lowers FY revenue outlook, as underlying revenues contract 4% in fiscal Q3
2019-05-15 10:49:00| Telecompaper Headlines
(Telecompaper) The company confirmed the other financial objectives for the current and following years, noting that a return to slight revenue growth was still expected for FY 2019-20. It also said that it was working to secure significant savings on its annual tax burden, which should amount to a reduction of EUR 70 million.
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contract
fiscal
revenue
The Dingle Whiskey Distillery expands production for latest batch but lowers UK allocation
2019-03-12 16:02:00| Daily beverage news and comment - from just-drinks.com
Ireland's The Dingle Whiskey Distillery has released its biggest allocation yet with the launch of its fourth small batch Irish whiskey.
Tags: uk
latest
production
allocation
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