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UK government borrowing sees fall
2014-04-23 11:06:30| BBC News | Business | UK Edition
The UK government borrowed 107.7bn in the financial year to April 2014, lower than the amount it borrowed the previous year.
Tags: government
fall
sees
borrowing
TeliaSonera Q1 results lower, still sees stable FY
2014-04-23 10:12:00| Telecompaper Headlines
(Telecompaper) TeliaSonera reported a small drop in first-quarter results, as growth in mobile data and fibre broadband was unable to offset the continued erosion in voice and SMS revenues. Sales fell 2.5 percent from a year earlier to SEK 23.97 billion and were down 1.8 percent excluding forex and acquisition and disposal effects. Adjusted EBITDA fell 1.9 percent to SEK 8.35 billion, while the margin improved slightly, to 34.8 percent from 34.6 a year ago. Net profit was 4.0 percent lower at SEK 3.95 billion, but free cash flow improved 5.9 percent to SEK 5.56 billion, thanks to lower capital expenditure. The operator blamed the weaker results on the ongoing shift in consumer behaviour towards IP-based communications, as well as a reduction in low-margin equipment sales and regulatory cuts to termination rates. Based on the new organisational structure in place since 01 April, the company plans to focus on strengthening its position in existing markets, with M&A limited to consolidation opportunities. This will include continued investment in 4G and fibre in the Nordic markets and capitalising on data monetisation and expansion in adjacent industries in the Baltic markets. TeliaSonera maintained its outlook for stable organic revenues and adjusted EBITDA margin this year, but said there is some downside risk to revenue from reduced equipment sales. Capex is still projected at around 15 percent of revenue over the full year, after 10.8 percent in Q1.
Tags: results
lower
stable
sees
FRANCE: Etam sees 53% hike full-year profit
2014-04-22 14:58:00| Daily apparel & textile news and comment - from just-style.com
Women's wear, lingerie and accessories retailer Etam Group has reported a 53% hike in annual net profit, despite a slight decline in sales.
Mining big data sees increasing value across businesses
2014-04-22 13:40:55| Semiconductors - Topix.net
Presenting itself as a field of unharnessed information that enables highly informed decisions, more and more businesses rely on existing solutions to manage and analyse these data.
Tags: data
big
increasing
businesses
AK Steel Holding Corp. Sees Significant Growth in Short Interest
2014-04-22 09:09:24| Steel - Topix.net
Shares of AK Steel Holding Corp. saw a significant growth in short interest during the month of January.
Tags: short
interest
significant
growth
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