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Liberty Global posts Q3 net profit on revenues up 5%
2014-11-06 08:27:00| Telecompaper Headlines
(Telecompaper) Liberty Global reported third-quarter revenues up 5 percent year-on-year to USD 4.5 billion. Organic growth, excluding forex effects and a number of small acquisitions, was 3 percent, led by growth in Belgium and Germany. The cable group added 344,000 revenue-generating units in the three months on an organic basis, for a total 49.2 million at the end of September. The addition of 239,000 broadband customers and 151,000 telephony subscribers helped offset the loss of 46,000 TV customers. At the end of Q3, the group had 10.4 million triple-play customers, which exceeded the single-play customer base (10.1 million) for the first time. Quarterly operating cash flow rose 6 percent to USD 2.1 billion, and the net result turned to a profit of USD 157 million versus a loss of USD 830 million a year ago. Capital expenditure was down slightly to USD 908 million or 20 percent of revenue. Liberty also announced that it has completed the acquisition of Dutch cable operator Ziggo and will start integration of the company immediately. Helped by Ziggo's liquidity, the company also plans to resume its share repurchase programme and buy back USD 2.6 billion in shares over the next 14 months.
Samsung may be about to shake up Manhattan real estate
2014-11-04 17:23:34| Semiconductors - Topix.net
Spectators gather during the release of the Samsung Electronics Co. Galaxy S4 smartphone in Times Square in New York, in 2013.
Alibaba first profit figures up 15%
2014-11-04 13:34:03| BBC News | Business | UK Edition
The Chinese e-commerce giant Alibaba reports its first profits as a public company are up 15% at $1.1bn (687m).
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profit
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alibaba
Construction Dips in September from August Level, But Up From 2013
2014-11-03 20:47:42| ENR.com: Headline News
Private and public construction sectors slipped from August levels but posted year-over-year gains.
UK manufacturing growth picks up
2014-11-03 12:32:21| BBC News | Business | UK Edition
Activity in the UK manufacturing sector grew at its fastest pace for three months in October, despite a sharp fall in export orders, a survey indicates.
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growth
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