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Liberty Global starts USD 1 bln share buyback plan amid lower Q4, with continued customer losses

2020-02-14 09:24:00| Telecompaper Headlines

(Telecompaper) Liberty Global said revenues for the fourth quarter slid 0.5 percent to USD 2.982 billion, pulled down by contractions in Switzerland, Belgium and UK/Ireland. Mobile revenue increased 5.2 percent to USD 429.9 million but was not able to offset cable revenue falling 0.9 percent to USD 1.902 billion. The operating cash flow (OCF) declined a bit over 4 percent to USD 1.273 billion with OFCF (OCF after tax) down 18.2 percent to USD 433.4 million. The operating profit meanwhile increased 11.2 percent to USD 282.5 million. For the full year, revenues dipped 0.6 percent lower to USD 11.541 billion, with OCF off 3.1 percent to USD 4.859 billion, OFCF up 34.5 percent to USD 1.979 billion and the operating profit going 11.2 percent lower to USD 745.5 million.

Tags: plan share customer global

 

Heineken's strong global footprint leaves big shoes to fill - analysis

2020-02-13 14:40:00| Daily beverage news and comment - from just-drinks.com

This week featured what analysts have dubbed a "big 24 hours" for the world's second-largest brewer.

Tags: big global analysis strong

 
 

VF Corp to open Global Innovation Center in Denver

2020-02-13 11:01:00| Daily apparel & textile news and comment - from just-style.com

US apparel giant VF Corporation is preparing to open an office in Denver that will serve as its Global Innovation Center.

Tags: center open global corp

 

EIA Cuts Global Oil Demand Forecast After Coronavirus Outbreak

2020-02-12 14:35:48| OGI

The EIA on Feb. 11 cut its global oil demand growth forecast for this year by 310,000 barrels per day as the coronavirus outbreak dents oil consumption in China.

Tags: global oil demand cuts

 

Routeware Global Acquires Core Computing Solutions

2020-02-12 09:00:00| Waste Age

The acquisition adds billing and route management software to a suite that includes route optimization, in-truck computers and video recording services.

Tags: global solutions core computing

 

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