MARKET MOVES
Rising interest rates fail to hinder Russian real estate market
Interest rate hikes will not prevent the Russian real estate sector to continue performing strongly, says RICS (13 May 2011). A clutch of data to be released next week, including the April industrial production figures and retail sales, unemployment...
MARKET MOVES
KEC International becomes a billion dollar company; Order Book increases by 42%.
KEC International Ltd., one of the leading players in the Infrastructure EPC space and a global leader in the power transmission EPC business, announced its audited results for the year FY 2010-11 and unaudited results for the quarter ended...
MARKET MOVES
Volume increases in all segments and net sales remained quite stable
Holcim experienced higher sales volumes in all segments, and in several markets prices could be adjusted. However, this was not enough to fully absorb the above-average cost increases for raw materials and energy sources, such as coal and petcoke,...
MARKET MOVES
Macquarie NexGen Global Infrastructure Corporation (TSX- MNF) Announces Shareholder Approval of Merger
Macquarie NexGen Global Infrastructure Corporation announced that Class A and Class B shareholders of the Corporation have each approved at special meetings held today the merger (the "Merger") of the Corporation into NexGen Canadian Balanced Growth Tax Managed Fund,...
MARKET MOVES
The Manitowoc Company Reports First-quarter Financial Results
The Manitowoc Company, Inc.reported sales of $732.2 million for the first quarter of 2011, up 7.0 percent from $684.4 million in the first quarter of 2010. The sales increase was the result of a 6.9 percent increase in Foodservice...
MARKET MOVES
Rise in price of concrete to boost earnings for Boral
BUILDING products group Boral's earnings before interest and tax could increase by between $60 million and $70m if it pushes ahead with a concrete price increase of $10-$12 per cubic metre, according to Goldman Sachs. Concrete is the biggest...
MARKET MOVES
Masco reports wider loss in 1st quarter
Masco Corp. said its loss widened in the first quarter, as the manufacturer of home improvement and building products saw sales soften amid lingering weakness in new home construction and remodeling. The company reported a loss of $46 million,...
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