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Michael Kors Q1 profit falls despite sales rise
2015-08-06 16:05:00| Daily apparel & textile news and comment - from just-style.com
Luxury lifestyle brand Michael Kors saw its first-quarter net profit fall despite higher sales in North America, Europe and Japan.
Tags: sales
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UK industrial output falls in June
2015-08-06 12:45:55| BBC News | Business | UK Edition
A drop in oil and gas production contributed to a fall in UK industrial output in June, according to official figures.
Tags: june
industrial
output
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FTSE falls ahead of BoE statement
2015-08-06 10:05:33| BBC News | Business | UK Edition
The UK market falls as investors prepare themselves for a flurry of information from the Bank of England.
Tags: statement
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a Keryx revenue falls short despite support of analysts, Baupost
2015-08-05 20:24:17| Biotech - Topix.net
Boston-based Keryx Biopharmaceuticals has reported what it calls "progress" in the launch of its drug for dialysis patients, called Auryxia, in recent months, including expanded insurance coverage in the U.S., success in contacting potential prescribers and likely European approval in coming months. Keryx , which moved its headquarters to Boston last year from New York City, reported Auryxia sales of just $1.8 million in the second quarter since the drug's launch.
Tags: support
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MTN Group H1 revenue falls 4.9% to ZAR 69.2 bln
2015-08-05 12:49:00| Telecompaper Headlines
(Telecompaper) MTN Group reported a 4.9 percent decrease in revenues for the first half to ZAR 69.2 billion, hurt by negative currency effects. Despite the negative currency effects, the group continued to benefit from increased demand for data services, increasing data revenue by 21.3 percent. This followed an 87 percent annual increase in data traffic as well as encouraging growth in digital and mobile financial services, MTN said. EBITDA decreased 10.1 percent to ZAR 30.3 billion, and the EBITDA margin declined by 2.6 percentage points to 43.7 percent, mainly as a result of lower revenue and weaker local currencies impacting costs. The sale and lease back of towers, which were largely earnings neutral due to lower depreciation costs, were also a drag on the EBITDA margin. However, good progress in transforming the operating model, maintaining cost growth below inflation and optimising resources partly offset the decline in margin. Headline earnings decreased 10.3 percent to ZAR 6.54, in line with the mobile operator's earlier trading update. MTN said the results reflect a challenging operating environment and lower-than-expected performance in parts of the business.
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