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Resources shares gain but FTSE flat
2016-01-28 10:09:55| BBC News | Business | UK Edition
The London market opens flat with oil and mining companies making the best gains at the start of business.
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Tele2 forecasts flat sales, lower EBITDA in 2016
2016-01-28 08:52:00| Telecompaper Headlines
(Telecompaper) Tele2 reported a fall in profits in the fourth quarter, amid costs for restructuring its operations and launching its mobile network in the Netherlands. In the three months to December, EBITDA fell 5 percent to SEK 1.337 billion, hurt by the contracting fixed telephony business, start-up costs in the Netherlands and currency devaluation in Kazakhtelecom. EBIT dropped to SEK 364 million from SEK 735 million a year earlier, due to a number of one-time charges. These include SEK 133 million for the 'Challenger' cost-reduction programme announced last year and SEK 118 million for the planned merger of the operations in Kazakhstan with Kazakhtelecom's mobile business. Tele2's net profit plunged 91 percent to SEK 45 million, but the company stuck to its pledge to increase the dividend 10 percent to SEK 5.35. At the top line, net sales rose 1 percent to SEK 6.943 billion, led by 2 percent growth in mobile service revenue and helped by a VAT settlement in the Netherlands. For 2016, Tele2 forecast mobile service revenue growth in the mid-single digits and total net revenue of SEK 26-27 billion, essentially flat compared to SEK 26.856 billion last year. EBITDA is expected to fall to SEK 4.6-5.0 billion in 2016 from SEK 5.757 billion in 2015.
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Tele2 forecasts flat 2016 revenue, lower earnings
2016-01-28 01:00:00| Total Telecom industry news
Sweden-based telco names new finance chief, CEOs of Swedish, Dutch operations.
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January New Vehicles Sales Should be Flat and Used Vehicles Down
2016-01-27 23:34:26| AutomotiveDigest.com - Automotive Industry News
Eric Lyman VP of Industry Insights TrueCar TrueCar predicts that total new U.S. vehicle sales, including fleet deliveries, will be nearly flat from a year ago, with a 0.3% decline. Even with Winter Storm Jonas bringing heavy snow storms, and accounting for two fewer selling days than a year ago, the seasonally adjusted annualized rate […] The Article January New Vehicles Sales Should be Flat and Used Vehicles Down appeared first on Automotive Digest.
New Porsche Boxsters up to 13% more fuel efficient with new turbocharged four-cylinder flat engines
2016-01-27 11:55:37| Green Car Congress
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