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Proximus sees return to growth year earlier than expected
2015-07-31 10:11:00| Telecompaper Headlines
(Telecompaper) Belgian operator Proximus raised its guidance for the full year, after showing underlying growth in second-quarter results. CEO Dominique Leroy said the company was made good progress on its strategic plan presented after she took office last year and would achieve its ambition to return to growth a year earlier than initially projected. For this year, the operator now expects underlying core revenue growth of around 2 percent and underlying group EBITDA growth of 3-5 percent. The company earlier forecast flat to slightly higher revenues and EBITDA in 2015. In the second quarter, it achieved 2.4 percent annual growth in underlying core revenue to EUR 1.094 billion, which excludes its wholesale business BICS, and adjusted EBITDA up 4.3 percent to EUR 450 million.
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Oil heads for biggest monthly drop this year amid global glut
2015-07-31 08:57:36| Oil & Gas - Topix.net
Oil headed for its biggest monthly drop this year amid speculation a global supply glut that drove prices into a bear market will persist. Futures slid as much as 0.8 per cent in New York and are down 19 per cent in July.
Winchester Ranch Mobile Home Park begins closure process by end of year
2015-07-31 06:06:13| Real Estate - Topix.net
The Winchester Ranch Mobile Home Community will file paperwork to close the park by the end of the year, the owners confirmed to a roomful of devastated senior citizen residents during a meeting Wednesday night. "My first reaction was pure anger and then deep depression," said Mari Jo Pokriots, a 71-year-old woman who's lived in the West San Jose mobile park for nearly 40 years.
Oilpatch pain persists as Cenovus to cut 300 to 400 more jobs this year
2015-07-31 04:52:51| Energy - Topix.net
Cenovus CEO Brian Ferguson speaks at the company's annual general meeting in Calgary, Alta., Wed., April 29, 2015. It's another gloomy day in the oilpatch with oilsands giant Cenovus Energy Inc. announcing 300 to 400 jobs cuts in its Calgary office by year-end.
Shell to cut down 6,500 jobs this year, divest up to $30bn assets by 2018
2015-07-31 01:00:00| Hydrocarbons Technology
Netherlands based Royal Dutch Shell will be reducing its employee count by 6,500 this year, and speed up its spending cuts to cope with the falling oil prices.
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