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Argonne National Laboratory to lead US consortium for new CERC medium- and heavy-duty truck technical track; 50% boost in efficiency
2016-07-23 11:56:01| Green Car Congress
Food Is Ruling Retail Real Estate, and Food Trucks are Moving In
2016-07-22 19:41:00| National Real Estate Investor
E-commerce may be driving consumers away from shopping centers, but food is pulling them back in. read more
US petroleum demand up in June 2.8% year-on-year; highest June deliveries in 9 years
2016-07-22 11:56:05| Green Car Congress
Vodafone Group holds organic growth steady at 2.2% in Q2
2016-07-22 08:23:00| Telecompaper Headlines
(Telecompaper) Vodafone Group maintained its organic service revenue growth at 2.2 percent in the second quarter, led by 7.7 percent growth in the AMAP region and a 0.3 percent increase in Europe. Despite the cut in roaming fees, most of its main markets in Europe were still growing. Organic service revenue for the three months to June was up 1.6 percent year-on-year in Germany, 1.3 percent in Spain and 1.2 percent in Italy; the UK posted a decline, of 3.2 percent, and the Netherlands and Greece were also lower. In its biggest emerging markets, growth reached 6.4 percent in India, 19.5 percent in Turkey and 9.4 percent in Egypt. Total revenue was still down 4.5 percent to EUR 13.377 billion, with a 5.4 point negative impact from exchange rates. On a reported basis, service revenue fell 1.7 percent in Europe to EUR 8.129 billion, and AMAP was down 5.5 percent to EUR 3.906 billion.
Millicom lowers FY growth outlook as sales slow in Q2
2016-07-21 09:28:00| Telecompaper Headlines
(Telecompaper) Millicom has lowered its outlook for annual sales growth due to difficult economic conditions in some of its markets. After organic service revenue growth of only 2.1 percent in Q2, the company now expects only a low to mid single-digit increase over the full year, compared to a previous outlook for mid single-digits. Adjusted EBITDA is still expected to increase in the mid to high single-digits in 2016, despite a 1.6 percent fall in Q2 to USD 560 million in Q2. Total revenues for the quarter were down 5.7 percent to USD 1.572 billion, after currency effects and a 0.7 percent organic decline in Latin America offset 9.2 percent growth in Africa. Ongoing cost-reduction efforts helped the EBITDA margin still improve to 34.5 percent from 33.6 percent a year ago.
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