Recent Posts

British Airways may exit Nigerian routes

  London / Bloomberg British Airways is evaluating its routes to Nigeria, adding to aviation-industry pressure on the government as sister carrier Iberia and US competitor United Airlines halt flights to the oil-based market as traffic stutters and currency controls delay access to revenue. The UK carrier is struggling to repatriate its share of the $575 million that Nigeria currently ...

Read More »

PVH jumps after profit forecast surges

  New York / Bloomberg PVH Corp., the maker of Calvin Klein and Tommy Hilfiger apparel, jumped as much as 7.6 percent after raising its full-year profit forecast and reporting first-quarter earnings that beat analysts’ estimates. Adjusted earnings will probably be $6.45 to $6.55 a share during the 2016 fiscal year, the New York-based company said in a statement. That’s ...

Read More »

Philips electronics to rake in €750mn in IPO windfall

  The Hague / AFP Dutch electronics giant Philips set a price of 20 euros per share, a day ahead of a highly anticipated IPO of its lighting arm, and said it was expecting to raise 750 million euros. “The total number of offered shares is 37.5 million, representing 25 percent of the shares,” the Amsterdam-based Philips said in a statement. ...

Read More »
Send this to a friend