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Late run sees ASX finish on a high

2016-01-29 17:01:05| Biotech - Topix.net

The Australian share market has raced home on a high note after enduring a fitful session of ups and downs. A strong late run from the big four banks helped steer the bourse out of the red after it was weaker for most of trade.

Tags: high run late finish

 

UPDATE 1-UK's AG Barr sees revenue improving after festive cheer

2016-01-29 10:34:15| Beverages - Topix.net

Jan 29 AG Barr, the maker of Irn-Bru and Rubicon fizzy drinks, said it expected fourth-quarter revenue growth in excess of 2.5 percent, after a robust performance in the Christmas period. The Cumbernauld, Scotland-based soft drinks maker said its trading strategy and brand execution helped it offset a challenging and highly competitive UK market.

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Late run sees ASX finish on a high

2016-01-29 09:07:30| Oil & Gas - Topix.net

The Australian share market has raced home on a high note after enduring a fitful session of ups and downs. A strong late run from the big four banks helped steer the bourse out of the red after it was weaker for most of trade.

Tags: high run late finish

 

Landstar System, Inc. (LSTR) Sees Large Volume Increase After Better-Than-Expected Earnings

2016-01-29 01:34:14| Trucking - Topix.net

Shares of Landstar System, Inc. saw an uptick in trading volume on Thursday following a better than expected earnings announcement, AnalystRatings.NET reports. 1,160,811 shares traded hands during trading, an increase of 88% from the previous session's volume of 618,439 shares.The stock last traded at $56.24 and had previously closed at $57.25.

Tags: system large increase volume

 

Samsung sees smartphone market slowing in 2016

2016-01-28 08:35:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics reported a fall in net profit for the fourth quarter, to KRW 3.22 trillion from KRW 5.35 trillion a year ago. Operating profit rose to KRW 6.14 trillion from KRW 5.29 trillion a year earlier, and quarterly revenues were up 0.5 percent year-on-year to KRW 53.32 trillion. The weak sales growth was due to lower revenues from consumer electronics and mobile phones, while the semiconductor and components business continued to grow. Sales at the mobile division fell to KRW 25.00 trillion from 26.29 trillion a year earlier, while operating profit improved to KRW 2.23 trillion from 1.96 trillion. Samsung said it saw higher shipments of the Note 5 as well as its mid-range A series phones, and tablet shipments were also higher on a quarterly basis due to strong seasonality. For the first quarter, Samsung said smartphone and tablet demand will decline due to normal seasonal patterns, while its own earnings should improve thanks to new models and a better product modex. Shipments will decrease slightly due to weak seasonality and discontinuation of old models. For the full year 2016, Samsung expects only single-digit growth in the smartphone and tablet market and strong competition. 

Tags: market samsung sees smartphone

 

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