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SPI Group appoints wine head, launches wine division in US

2015-08-05 13:15:00| Daily beverage news and comment - from just-drinks.com

SPI Group has appointed Manuel Louzada as CEO of its newly-created wine division.

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MTN Group H1 revenue falls 4.9% to ZAR 69.2 bln

2015-08-05 12:49:00| Telecompaper Headlines

(Telecompaper) MTN Group reported a 4.9 percent decrease in revenues for the first half to ZAR 69.2 billion, hurt by negative currency effects. Despite the negative currency effects, the group continued to benefit from increased demand for data services, increasing data revenue by 21.3 percent. This followed an 87 percent annual increase in data traffic as well as encouraging growth in digital and mobile financial services, MTN said. EBITDA decreased 10.1 percent to ZAR 30.3 billion, and the EBITDA margin declined by 2.6 percentage points to 43.7 percent, mainly as a result of lower revenue and weaker local currencies impacting costs. The sale and lease back of towers, which were largely earnings neutral due to lower depreciation costs, were also a drag on the EBITDA margin. However, good progress in transforming the operating model, maintaining cost growth below inflation and optimising resources partly offset the decline in margin. Headline earnings decreased 10.3 percent to ZAR 6.54, in line with the mobile operator's earlier trading update. MTN said the results reflect a challenging operating environment and lower-than-expected performance in parts of the business. 

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Macfarlane Group acquires One Packaging Limited

2015-08-05 07:00:00| Label and Narrow Web Breaking News

The move strengthens Macfarlane's existing Packaging Distribution activities in the East Midlands, UK.

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OM Group Provides Transaction Update

2015-08-05 03:13:25| Chemicals - Topix.net

Accordingly, the Board of Directors has reaffirmed its recommendation that the Company's stockholders vote in favor of the adoption of the Merger Agreement at the Special Meeting scheduled for per share in cash, the purchase price represents a premium of approximately 28% over OM Group's closing share price on , 2015. In reaffirming its recommendation that OM Group's stockholders vote in favor of the adoption of the Merger Agreement, the Board of Directors confirmed that it is not changing, amending, qualifying, withholding, withdrawing or modifying its recommendation with respect to the Merger Agreement in any way, or proposing to do so.

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Ex-Dividend Reminder: American Airlines Group, Booz Allen Hamilton Holding and Terex

2015-08-04 20:14:10| Industrial Machines - Topix.net

We work to find the most relevant and interesting articles about yield stocks to share with Forbes readers. The site is a one-stop source for aggregated data on dividend stocks, including features such as a dividend stock screener, a live dividend feed, an ex-div calendar, and a dividend calculator.

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