Carlyle, Seven Mull Up To A$700 Million Coates Hire IPO-Sources
Private equity firm Carlyle Group (CG) and Australia's Seven Group Holdings (SVW.AU) are considering raising up to 700 million Australian dollars (US$722 million) through an initial public offering of equipment-hire group Coates Hire, two people familiar with the matter said Thursday.
Roche First-Half Profit Down on Site Closure Costs
Roche Holding AG (ROG.VX) Thursday reported a drop in first-half profit, mainly due to the closure of a U.S. site, which incurred costs of 858 million Swiss francs ($868.5 million), even as group sales rose 3.5% on a strong performance from its cancer drugs in the U.S. and emerging markets.
AstraZeneca Buys Back 457,144 Shares to Cancel/2917P
AstraZeneca PLC (AZN.LN) said Thursday it purchased for cancellation 457,144 of its ordinary shares at a 2917 pence per share.
Vodafone Group Buys Back 8.6 Million Shares
Vodafone Group PLC (VOD.LN) Thursday said it has purchased 8.6 million ordinary shares, to hold in treasury, at a volume weighted average price per share of 178.546 pence per share on July 25.
OIL DATA: India June Refined Oil Product Consumption Up 7.2% on Year -Government
India's consumption of refined oil products rose 7.2% on year in June, at its fastest pace since January, led by strong demand for diesel from the transportation sector and as weak monsoons forced farmers to rely on diesel-powered irrigation pumps.
Nissan 1Q Net Down on Yen, Higher Costs
YOKOHAMA, Japan--Nissan Motor Co. (7201.TO) said Thursday that its net profit fell 15% in the April-June quarter, blaming the yen's strength and higher sales promotion expenses in North America.
Wesfarmers Says Coles 4Q Sales up 4.6%; Consumers 'Cautious'
Wesfarmers Ltd. (WES.AU) said Thursday total sales growth at its Coles supermarket division rose in the fourth quarter of fiscal 2012 by 4.6% on year despite record price deflation caused by falling fresh food prices and discounting.
Bharat Heavy Posts 13% Increase in Net Profit on Order Backlog
State-run Bharat Heavy Electricals Ltd. (500103.BY) Thursday posted a 13% increase in net profit in the fiscal first quarter thanks to a robust order backlog.
Crude Falls on High US Stockpiles, Stronger Dollar
Crude-oil futures fell in Asian trading Thursday following a bearish U.S. oil inventory report overnight and a stronger U.S. dollar.
Lower Oil Prices Weigh on Repsol Second Quarter Profit
Spanish oil company Repsol SA (REP.MC) said Thursday its second-quarter net profit--excluding the recently-nationalized Argentine unit--declined 45% on the year, as higher production in Libya and elsewhere couldn't offset the effect of lower oil and gas prices.