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Morrisons figures lift retail shares

2014-11-06 10:35:18| BBC News | Business | UK Edition

The FTSE 100 falls, but shares in supermarkets rise after Morrisons' latest sales figures beat expectation.

Countdown sales lift on new store business

2014-11-03 03:46:14| Grocery - Topix.net

Countdown, the New Zealand supermarket chain owned by Australian retailer Woolworths, increased revenue 1.1 per cent in the first quarter of its financial year as it benefited from sales at new stores. Sales at New Zealand supermarkets rose to $1.5 billion in the 14 weeks ended October 5, from $1.48 billion in the year earlier period, Sydney-based Woolworths said in a statement.

Tags: business sales store lift

Bharti Airtel revenues lift over 7% to INR 228.4 bln in Q3

2014-10-31 11:12:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues for its fiscal second quarter up 7.1 percent year-on-year to INR 228.4 billion. Growth was driven by a 66.7 percent increase in mobile data revenues to INR 25.4 billion, as well as a 8.4 percent rise in the number of customers which crossed the 300 million mark to 303.7 million. EBITDA for the three months to September rose 12.1 percent to INR 77.0 billion, giving a margin up 1.5 percent to 33.7 percent. The net profit lifted 170.2 percent to INR 13.8 billion, the company's highest quarterly profit since March 2011, boosted by improved operational efficiency, lower forex and derivative losses, and higher MTM losses on investment in the corresponding quarter last year. Operating cash flow fell 16 percent to INR 39.7 billion. Airtel reported revenues for mobile services in its home market India up 9.5 percent to INR 211.7 billion. Mobile Data revenue reached INR 18.0 billion, pulled up sharply by a 43 percent increase in the data customer base and higher usage per customer (+31.2%). Elsewhere in south Asia, revenues for mobile services slipped 8.0 percent. In Africa, revenues grew by 6.4 percent in local currency terms, but the USD appreciation depressed the reported growth to 1.9 percent year-on-year. Data revenues lifted 56.8 percent to USD 115 million, led by increase in the data customer base by 50.4 percent and higher usage per customer by 24.5 percent. Data revenues contributed 10.1 percent of overall Africa revenues, compared to 6.6 percent last year. The number of active Airtel Money customers rose to 5.3 million with the total value of transactions on the Airtel money platform crossing USD 3.3 billion.

Tags: lift revenues q3 inr

Oil falls below $87 on expectations that Federal Reserve may lift interest rates

2014-10-30 01:00:00| Offshore Technology

The price of Brent crude oil dropped below $87 a barrel on Thursday amid expectations that the Federal Reserve may lift interest rates, putting pressure on the US dollar.

Tags: interest rates federal oil