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Greece economy returns to growth

2015-08-13 12:33:03| BBC News | Business | UK Edition

The Greek economy grew by 0.8% in the second quarter of the year, confounding expectations of a steep contraction.

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AT&T forecasts revenue growth on DirecTV deal

2015-08-13 09:19:34| Telecom - Topix.net

AT&T's acquisition of DirecTV will drive the company to double-digit consolidated revenue growth this year and increased growth over the following three years, CEO Randall Stephenson said Wednesday. AT&T forecasts revenue growth on DirecTV deal AT&T's acquisition of DirecTV will drive the company to double-digit consolidated revenue growth this year and increased growth over the following three years, CEO Randall Stephenson said Wednesday.

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Car dealer eyes expansion in Scotland following strong growth in sales

2015-08-13 04:40:34| Auto Dealers - Topix.net

THE chief executive of Lookers, Andy Bruce, has said the car sales giant wants to acquire more dealerships in Scotland where the company has been recording rapid growth in sales. Mr Bruce underlined Lookers' enthusiasm for Scotland after the company's success in the country helped it post record results amid buoyant trading conditions.

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Tencent quarterly revenue growth slows to 19%

2015-08-12 16:27:00| Telecompaper Headlines

(Telecompaper) Tencent reported second-quarter revenues of CNY 23.43 billion (USD 3.83 billion), up 19 percent on the year-earlier period. Operating profit rose 28 percent to CNY 10.04 billion, and the margin improved to 43 percent from 40 a year ago. Net profit reach CNY 7.31 billion, up 25 percent, and on an adjusted basis, rose 32 percent to CNY 7.98 billion. Growth was led by online advertising, up 97 percent to CNY 4.07 billion. Tencent also grew revenue from online games, by 17 percent to CNY 12.97 billion, and its social networks, by 17 percent to CNY 5.46 billion. The company increased capital expenditure by 210 percent compared to a year earlier, to CNY 2.84 billion, while free cash flow was down 14 percent over the same period to CNY 5.42 billion. Looking forward, Tencent said it will continue invest in premium content, including new games, in order to drive the growth in ad revenues. It's also focused on improving content and building partnerships for its subscription services such as e-reading, video and music, and driving volumes over its integrated payments services. 

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AT&T Forecasts Double-Digit Revenue Growth

2015-08-12 16:25:54| Telecom - Topix.net

AT&T Inc, the No.2 U.S. telecom company, said it expected double-digit consolidated revenue growth for the rest of 2015, citing gains from its purchase of DirecTV. AT&T, which closed the acquisition of DirecTV in July, forecast 2015 adjusted profit of $2.62-$2.68 per share.

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