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Hain Celestial Group PT Lowered to $60.00 at Sanford C. Bernstein
2015-11-09 12:36:21| Food - Topix.net
The brokerage presently has an "outperform" rating on the stock. Sanford C. Bernstein's price objective suggests a potential upside of 30.72% from the company's previous close.
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Airgas' Advanced Fabrication Technologies Group to Exhibit at FABTECH 2015
2015-11-09 11:31:13| Industrial Newsroom - All News for Today
Airgas Experts to Demonstrate and Discuss New Technologies and Systems RADNOR, PA - Airgas, Inc. (NYSE: ARG), one of the nation's leading suppliers of industrial, medical, and specialty gases, as well as welding gases, consumables, and equipment, and related products, today announced that its Advanced Fabrication...
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Ocado Group PLC Earns "Equal weight" Rating from Barclays
2015-11-09 09:52:30| Grocery - Topix.net
's stock had its "equal weight" rating reiterated by stock analysts at Barclays in a research report issued to clients and investors on Monday, MarketBeat reports. They currently have a GBX 420 price objective on the stock.
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MTN Group CEO resigns over Nigeria fine
2015-11-09 08:53:00| Telecompaper Headlines
(Telecompaper) MTN Group CEO Sifiso Dabengwa has resigned with immediate effect. A statement from the company said Phuthuma Nhleko, the current non-executive chairman has agreed to act as executive chairman for up to six months while the company identifies a successor for Dabengwa. In his resignation, Dabengwa said "due to the most unfortunate prevailing circumstances occurring at MTN Nigeria," he has in the interest of the company and its shareholders tendered his resignation with immediate effect. Nhleko was CEO until March 2011 when Dabengwa took over. Alan van Biljon will continue to serve as the Lead Independent Director on the MTN board of directors whilst Nhleko takes over executive responsibility.
Vodacom Group H1 revenue grows 6.4%, EBITDA increases 13%
2015-11-09 08:43:00| Telecompaper Headlines
(Telecompaper) Vodacom Group reported 6.4 percent increase in its revenue for six months ended 30 September to ZAR 39.96 billion. Group EBITDA rose 13.0 percent year-on-year to ZAR 14.7 billion, and the margin was up 2.1 percent points to 36.7 percent. Group operating profit increased 7.8 percent to ZAR 10.17 billion, mainly due to EBITDA growth, partly offset by higher depreciation and amortisation. Capital expenditure rose to ZAR 6.22 billion from ZAR 5.88 billion in 2014, driven by rapidly expanding LTE coverage and increasing speeds. Headline earnings per share were up 6.0 percent to ZAR 4.40. The group declared a ZAR 3.95 interim dividend per share, up 5.3 percent from a year ago. Vodacom said its markets continue to be highly competitive, and regulatory and macroeconomic risks remain. EBITDA growth will not likely be sustained at the high rate of 13 percent in the second half. The second half will carry high costs for publicity and network and capability development in fibre and content. Year-over-year growth will be impacted by the stronger performance in the second half of last year where profitability stepped up as a result of efficiency initiatives. Also, there is a further reduction in MTR in South Africa from October, which will have a slightly negative effect on Vodacom's margin in the second half.
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