Markets
Lloyds share price rises as lender unveils £1bn buyback plans
The announcement was accompanied by full year results for the bank which showed statutory profit before tax of £5.3 billion, up 24% year-on-year. The news came as the bank, which returned to full private ownership a year ago, updated investors on its performance and unveiled plans to invest £3 billion in a digital push. [Full Article...]
Zee group to set investment of Rs 18750 crore
Later, Prime Minister Narendra Modi inaugurated the Nivesh Mitra portal where the industrialists would get all information about their investments and projects. 'Can there be a competition between Uttar Pradesh and Maharashtra to achieve the target of trillion dollar economy, first?, he asked. The Prime Minister in fact referred to his visit to the Maharashtra summit saying the western India... [Full Article...]
Hundreds of KFC outlets in United Kingdom closed amid chicken shortage
In a light-hearted statement on its website informing consumers about the problems, it said: " The chicken crossed the road, just not to our restaurants ". The company said that of those outlets that were still open, many were offering a limited menu or had cut their hours. While some fried chicken fans have been left upset and frustrated about the stores closures, some KFC workers are anxious... [Full Article...]
BHP Billiton reported 25% profit growth and raises dividends
It has outperformed by 45.78% the S&P500. Among 25 analysts covering BHP Billiton Limited (ADR) (NYSE: BHP ), 8 have Buy rating, 5 Sell and 12 Hold. Cowen & Co has "Hold" rating and $52.0 target. The company was maintained on Wednesday, July 22 by Canaccord Genuity. Stifel Nicolaus upgraded it to "Buy" rating and $49 target in Tuesday, September 8 report. [Full Article...]
Walmart's Online Growth Slows During Holiday 2017
The revenue for the retailer for the quarter increased by 4.1% to 136.3 billion United States dollars, which is above the expectations for 134.9 billion USD. The company forecast a 40 percent pace of growth for its fiscal 2019 year. That compares with $3.76 billion, or $1.22 per share, in the year-earlier period. [Full Article...]
Wells Fargo Raises Rating of Coca-Cola (NYSE:KO) To a "Buy"
Private Tru Na reported 63,832 shares. Lowe Brockenbrough & Company Inc decreased its stake in Coca Cola Co Com (KO) by 5.68% based on its latest 2017Q3 regulatory filing with the SEC. Citigroup upgraded Coca-Cola FEMSA from a "sell" rating to a "neutral" rating in a research note on Thursday, October 26th. The firm has "Buy" rating by Bank of America given on Monday, October 9. [Full Article...]
Enable Midstream Partners (NYSE:ENBL) Upgraded by Zacks Investment Research to "Buy"
They issued a "neutral" rating and a $16.00 price objective on the stock. The rating was maintained by Needham with "Buy" on Monday, June 26. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. [Full Article...]
Billionaire jeweler denies involvement in huge Indian bank fraud: lawyer
Estranged diamond merchant and millionaire jeweler Nirav Modi has written a letter to Punjab National Bank ( PNB ) wherein he has denied any wrongdoing and has blamed the bank's overzealousness for restricting his ability to repay the loans. [Full Article...]