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Revlon Raises Funds for Arden Purchase

2016-08-05 15:50:00| Happi Breaking News

Completes $450 million offering

Tags: purchase funds raises arden

 

Adidas raises guidance on "stellar" Q2

2016-08-04 12:19:00| Daily apparel & textile news and comment - from just-style.com

German sporting giant Adidas has raised its 2016 guidance for a fourth time after posting second-quarter earnings and margin growth driven by strong momentum from its namesake and Reebok brands. 

Tags: guidance raises adidas q2

 
 

Telecom Italia raises FY guidance after improved Q2 results

2016-07-27 08:51:00| Telecompaper Headlines

(Telecompaper) Telecom Italia raised its domestic earnings guidance for 2016 after reporting better-than-expected second quarter results, driven by the continued recovery of its mobile segment. The company said it now forecasts "low single digit organic growth" in domestic EBITDA compared to the previous prediction of "at least stable" earnings. The group's second quarter EBITDA came to EUR 2.01 billion, a 25.4 percent rise compared to the year-earlier result of EUR 1.61 billion. Group revenues came in at EUR 4.66 billion, down 9.9 percent from EUR 5.05 billion a year ago, hurt above all by the continuing effects of the economic downturn in Brazil. Sales at the group's TIM Brasil unit plunged 31 percent to EUR 961 million in the three months to 30 June, compared to EUR 1.41 billion a year earlier. Domestic revenues came in at EUR 3.70 billion, up from EUR 3.63 billion a year ago and the company's best quarterly performance since 2009.

Tags: results italia improved guidance

 

Masmovil raises 160m to fund recent M&As

2016-07-27 02:00:00| Total Telecom industry news

Spanish operator strikes joint FTTH investment deal with Orange.

Tags: recent mas fund raises

 

T-Mobile US posts 12.8% rise in Q2 revenue, raises subscriber outlook

2016-07-27 02:00:00| Total Telecom industry news

Mobile operator adds 1.9 million customers, net profit dips on higher interest expense.

Tags: posts rise revenue outlook

 

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