Kenneth G. Mondero

Despite reporting a loss for the first quarter of the year, Irish airline Aer Lingus Group (LSE:AERL) was upbeat in reporting a €36.1 million operating loss, saying it is normal for this time of the year, and they are expecting operating profit to be at par with the 2011 performance. Encouraging Start “Aer Lingus experienced an […]

Software company Kewill plc (LSE:KWL) topped the early trading on the London Stock Exchange on Wednesday, as the company agreed to be acquired by a newly created entity, indirectly owned by private equity firm Francisco Partners. Shares of the logistics and management software solutions provider soared 25.7% higher than yesterday’s close to reach 95.5 pence […]

Imperial Tobacco Group (LSE:IMT) reported that their customers around the world have consumed less cigarettes and tobacco in the six months ending in March 31st compared to the same period last year, due to the imposition of government regulations on smoking and austerity measures of consumers. The maker of JPS and Windsor Blue reported stick […]

The world’s largest bookseller Barnes & Noble (NYSE:BKS) joined software giant Microsoft in a partnership that will “accelerate the transition to e-reading”valued at US$1.7 billion, the NYSE-listed company announced Monday, April 30th. Microsoft was reported to invest US$300 million for a 17.6% stake in the joint venture with the rest of the 82.4% to be held by Barnes & Noble […]

Stagecoach Group plc (LSE:SGC) marked history in the British rail industry by entering into an agreement with Network Rail Infrastructure Limited to provide rail services in the south and southwest of England, as disclosed Monday, 30th April. This is the company’s second collaboration with Network Rail, as both companies operate the Wessex Integrated Control Centre […]

Digital media group Perform (LSE:PER) seeks to attract potential subscribers by streaming more than 50 digital sports channels to about 845 million subscribers of Facebook (NASDAQ:FB), the company announced Friday, April 27th. Perform launched LIVESPORT.TV, the company’s live, on-demand video portal of leading sports competitions, on Facebook today to allow people to connect and “watch […]

Whitbread plc (LSE:WTB), holding company of some United Kingdom’s popular brands in the hospitality market, boasted £1.7 billion in revenues for 2011, a leap of 11.2% compared to 2010. “Whitbread has delivered another good set of results,” said Whitbread Chairman, Anthony Habgood while noting down increase in full year earnings and a 15% increase in dividends. “Our focus on building strong...

AstraZeneca’s (LSE:AZN) Chief Executive David Brennan declared his retirement on the same day the pharmaceutical giant released its first quarter results for 2012, showing a 11% decline in revenue. AstraZeneca was down £943 million in revenue, reaching only £7.349 billion due to the “loss of exclusivity on several brands, together with the challenging market conditions” […]

British multi-media giant Virgin Media said first quarter revenues were in line with company forecast at £1 billion, up 2.4% from the same period. It is being backed by growth in the different business segments, enabling them to post a net income £4 million higher than the previous figure to £7 million. Financial Highlights The […]

Oil giant firm Royal Dutch Shell (LSE:RDSA)(LSE:RDSB) raises its offer to acquire Cove Energy (LSE:COV) at US$1.8 billion, in what may become a bidding war to take over the newly discovered oil and gas deposits east of Africa. The revised terms presented by Shell on Tuesday, 24th April, rivals Thailand’s PTT Exploration & Production’s offer […]