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Nigeria: Co2 emissions predicted to grow 290 percent
2015-01-30 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Daily Independent: In the face of shifting global trade patterns, CO2 emissions from freight transport is expected to grow by 290 per cent by 2050. Freight will replace passenger traffic as main source of CO2 emissions from surface transport. This is a result of projected growth of international freight transport volumes, expected to quadruple by 2050. Average transport distance across all modes will increase 12 percent according to International Transport Forum (ITF) projections for transport modes (road, rail, air,...
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BT quarterly revenue slips 3 percent to GBP 4.48 billion
2015-01-30 09:29:00| Telecompaper Headlines
(Telecompaper) BT reported a revenue down 3 percent to GBP 4.48 billion in its third quarter to the end of December 2014, thanks to a good performance at BT Consumer. The company added a net 119,000 retail broadband customers in the period, in large part driven by its BT Sport and ESPN channels. The third quarter also saw Openreach achieve record growth in the number of landlines, with all major ISPs responding to market demand for fibre. Capital expenditure rose by 3 percent to GBP 599 million. BT said its fibre network now covers three quarters of the UK and the company will launch large-scale pilots of G.fast this summer. CEO Gavin Patterson said the company expects to be able to deliver ultrafast broadband at up to 500 Mbps to most of the country by 2025. EBITA rose by 2 percent to GBP 1.57 billion, with adjusted earnings per share up 10 percent to GBP 0.08. By business unit, BT Global Services' EBITDA was down 10 percent to GBP 261 million on revenue down 8 percent to GBP 1.69 billion. BT Business's EBITDA rose 4 percent to GBP 266 million on revenue down 2 percent to GBP 789 million. BT Consumer's EBITDA rose by 43 percent to GBP 251 million on revenue up 7 percent to GBP 1.08 billion, BT Wholesale's EBITDA fell 7 percent to GBP 136 million on revenue down 10 percent to GBP 532 million. Openreach's EBITDA slipped 1 percent to GBP 651 million on revenue also down 1 percent to GBP 1.26 billion. BT, which is expected to sell bonds to finance its acquisition of mobile operator EE, reaffirmed its previously announced outlook. The group expects underlying revenue excluding transit in 2014/15 to be broadly level with 2013/14 with growth in 2015/16. Adjusted EBITDA guidance is GBP 6.2-6.3 billion in 2014/15 with further growth in 2015/16. Normalised free cash flow is expected to be more than GBP 2.6 billion this year and to grow next year.
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Carrizo Oil & Gas to cut drilling budget by 35 percent
2015-01-29 06:24:48| Oil & Gas - Topix.net
Carrizo Oil & Gas Inc. is the latest company operating in the Eagle Ford Shale to announce budget cutbacks amid slumping oil prices.
CGI reports 25 percent jump in profit
2015-01-28 20:26:05| IT Services - Topix.net
Information technology and outsourcing services provider CGI Group Inc posted a 25 percent rise in quarterly profit, helped by lower expenses and higher earnings from the United States and the UK. CGI's shares rose as much as 8 percent to a record high of C$50.65 on the Toronto Stock Exchange.
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Big costs drag AT&T to 4Q loss, but revenue up 4 percent
2015-01-27 23:33:36| Telecom - Topix.net
AT&T booked a nearly $4 billion loss for the fourth quarter because of a slew of one-time expenses that included a loss on benefit plans, but its revenue grew 4 percent to top expectations. The nation's second-largest wireless carrier posted a loss of $3.98 billion, or 77 cents per share, for the final three months of 2014.
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