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Just Eat shares fall over delivery investment plan

Bloomberg Shares in Just Eat Plc fell the most in 20 months despite the food-delivery company beating revenue estimates, after concerns over future spending and acquisition costs. Just Eat’s full-year 2017 revenue grew 45 percent to $755 million, with underlying earnings up 42 percent to 164 million pounds. International revenue grew 75 percent, representing 44 percent of group revenue, and ...

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Cathay new CEO Hogg’s tough to-do list hasn’t gotten any shorter

Bloomberg Ten months into the top job and Cathay Pacific Airways Ltd. Chief Executive Officer Rupert Hogg’s to-do list hasn’t gotten any shorter. While its cargo business and passenger traffic, especially premium travelers, are recovering, inflated wage costs and ever-increasing competition from Chinese rivals are issues he has to contend with. Among these, fuel-hedging bets gone awry top the list: ...

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Emirates Steel revenues up 22%

DUBAI / WAM Emirates Steel, a subsidiary of the General Holding Corporation (SENAAT) on Monday announced its financial results for the year 2017. More than AED6.6 billion in revenues achieved in the year, an increase of 22 percent compared to AED5.4 billion in the previous year. A solid 12 Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) margin; delivered in ...

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