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Labour v Boots: A political dilemma

2015-02-02 09:42:41| BBC News | Business | UK Edition

Political dilemma over response to High Street chain's boss

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Zain FY profits lower on forex, political problems

2015-02-02 07:41:00| Telecompaper Headlines

(Telecompaper) Zain Group announced net profit of USD 685 million on revenues of USD 4.3 billion in 2014. Zain served 44.3 million customers at the end of the period, reflecting a 4 percent decline year-on-year. The group said the decline in customers was due a new definition of "active customer" implemented by the regulator in Iraq and a new registration policy implemented by Sudan's regulator. Profit was also affected by the political instability in Iraq during the second half of 2014, which resulted in frequent network interruptions and associated higher network operational costs. EBITDA for the period reached USD 1.8 billion, giving an EBITDA margin of 41.8 percent. Excluding currency effects, net profit would have been relatively stable for the year. The board recommended a cash dividend of USD 0.14 per share. For the fourth quarter of 2014, Zain recorded revenues of USD 1.0 billion, EBITDA at USD 406 million, an EBITDA margin of 40.4 percent and net profit of USD 115 million. Group chairman Asaad Al Banwan said that despite geo-political challenges and unavoidable currency issues in several markets, the board remains confident that management is implementing the right strategy in driving the business forward.

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Rickards says political bias in selection of EU Sugar Programme projects

2015-01-30 08:50:23| Sugar Industry News

DUANVALE, Trelawny Chairman of the All-Island Jamaica Cane Farmers' Association Allan Rickards (AIJCFA) says a number of the projects financed by European Union (EU) money under the Sugar Transformation Unit (STU) in the Ministry of Agriculture, are politically selected for the benefit of the cane farming communities.

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Industry body CII submits recommendations to political parties in Delhi for election manifesto

2015-01-23 06:07:23| Industrial Machines - Topix.net

In the run-up to Delhi Assembly Elections 2015, industry body Confederation of Indian Industry recently submitted its recommendations to the Political parties in Delhi to incorporate the same in their elections manifesto. These recommendations were submitted to all leading political parties in Delhi, including Aam Aadmi Party , Bhartiya Janta Party and Indian National Congress .

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Political appointments spur concerns for Amazon

2015-01-13 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Nature: Brazilian president Dilma Rousseff survived an unexpectedly strong challenge from a prominent environmentalist to stay in office. Now, less than three months into her second term, Rousseff has sparked controversy by appointing an avowed climate-change sceptic as science minister. The choice of Aldo Rebelo, a Communist law-maker who last July called the idea of global warming incompatible with current knowledge, follows a decade in which Brazil has slowed Amazon deforestation and claimed a leadership...

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