CNBC Utilities Page Companies

  • March 21- Shares of semiconductor companies worldwide rose on Thursday, after U.S. chipmaker Micron Technology Inc predicted a recovery in a memory market saddled with oversupply as demand for mobile phones slows. SK Hynix, the world's second-biggest memory chip maker, saw its shares surge nearly 7 percent by 0330 GMT, while Samsung Electronics Co Ltd gained...

  • March 21- Shares of semiconductor companies worldwide rose on Thursday, after U.S. chipmaker Micron Technology Inc predicted a recovery in a memory market saddled with oversupply as device demand sags. Micron said on Wednesday it saw recovery in the memory chip market, after reporting quarterly profit that beat analysts' estimates as cost controls helped...

  • *MSCI Asia ex- Japan +0.5 pct. SHANGHAI, March 21- Shares in Asia rose on Thursday after the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 percent.

  • March 20- General Mills reported an 8 percent rise in quarterly sales on Wednesday, driven by its acquisition of pet food maker Blue Buffalo, and the packaged food company raised its full-year profit forecast, sending its shares up 6 percent. The company's net sales rose 8 percent to $4.20 billion in the third quarter, largely in line with expectations of $4.19...

  • *Shares down 3.2 pct at 0945 GMT. LONDON, March 20- Home improvement retailer Kingfisher is parting company with Chief Executive Véronique Laury after it reported a 13 percent fall in annual profit, more than halfway through a five-year transformation plan designed to lift earnings. The company, whose main businesses are B&Q and Screwfix in Britain and...

  • A view of Riyadh, Saudi Arabia.

    Saudi Arabia will be pumping $23 billion into a massive beautification project for its capital Riyadh, its government has announced.

  • *Ex-Japan Asia down 0.4 pct; Japan flat, China up. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent, led by losses in Australia and South Korea. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin plan to travel to China next week for another round of trade talks with Chinese Vice Premier Liu He, a Trump...

  • March 19- FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down 5 percent and fueling fresh worries it is losing ground in Europe to delivery rivals United Parcel Service Inc and Deutsche Post DHL Group. "Slowing international macroeconomic conditions and weaker global trade growth trends continue,"...

  • March 19- China- based music streaming company Tencent Music Entertainment Group on Tuesday posted an in-line quarterly adjusted profit, in its first earnings report since going public. Tencent Music, controlled by Chinese tech giant Tencent Holdings Ltd, said quarterly revenue jumped 50.5 percent to 5.4 billion yuan, beating analysts' average estimate of...

  • LONDON, March 19- Fiat Chrysler shares jumped on Tuesday to the top of Europe's STOXX 600 after the president of Peugeot family holding company FFP told French daily Les Echos he would support a new deal and suggested Fiat Chrysler was among the options. Shares in the Italian-American carmaker were up 5.2 percent by 1050 GMT, while Peugeot gained 2.7 percent,...

  • LONDON, March 19- Fiat Chrysler shares jumped on Tuesday to the top of Europe's STOXX 600 after the president of Peugeot family holding company FFP told French daily Les Echos he would support a new deal and suggested Fiat Chrysler was among the options. Shares in the Italian-American carmaker were up 5.2 percent by 1050 GMT, while Peugeot gained 2.7 percent,...

  • March 19- Mears shares slumped on Tuesday after the British housing and care services provider's pretax profit fell short of estimates and its net debt was higher than forecast. Shares in Mears, which fell more than 20 percent in 2018, were 8.6 percent lower at 265 pence at 1043 GMT. "It is frustrating because unlike other organisations we only do housing," Mears'...

  • March 18- U.S. stock futures eked out gains on Monday following the S&P and Nasdaq's strongest weekly gain this year, while investors waited for further details from a Federal Reserve policy meeting later this week. The Dow futures were under pressure from shares of Boeing Co which slipped 3 percent in premarket trading after Ethiopia said an initial analysis...

  • *FTSE 100 up 0.5 pct. *FTSE 250 up 0.8 pct. The FTSE 100 advanced 0.5 percent and the FTSE 250 outperformed with a 0.8 percent gain by 1007 GMT.

  • *Quarterly net sales of 51.0 bln SEK, beats consensus. STOCKHOLM, March 15- Shares in Sweden's H&M, the world's second-biggest fashion retailer, slipped on Friday after quarterly local-currency sales growth matched forecasts but failed to allay longer-term market concerns over margins and inventory. Shares however were down 4.6 percent at 0957 GMT, taking...

  • NAIROBI, March 15- Kenyan banks' share prices rose on the Nairobi Securities Exchange on Friday, a day after a court ruling declared interest rate caps null and gave parliament 12 months to review them, traders said. Cooperative Bank was up 7.3 percent at 15.50 shillings, while KCB Group was up 2.8 percent at 44.50 shillings and Equity Group up 2.5 percent at 43.00...

  • HONG KONG, March 15- Shares in China climbed on Friday after the government reiterated its commitment to boosting growth and as Beijing and Washington appeared to have made more progress in their trade talks. **In Hong Kong, both the Hang Seng Index and Chinese H-shares listed in Hong Kong gained 1 percent. **China will not let economic growth slip out of a reasonable...

  • The company said it expects fourth-quarter revenue in U.S. dollars to drop 2 percent or remain flat, the midpoint of which falls below analysts' expectations of $11.15 billion, according to IBES data from Refinitiv. "I expect the strengthening U.S. dollar will continue with a currency headwind of 3 percent for Q4 revenue and a $0.03 headwind to earnings per share,"...

  • March 14- Canada's main stock index marginally fell on Thursday, led by declines in shares of material companies on the back of lower gold prices. *At 9:55 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index edged down 8.3 points, or 0.05 percent, to 16,130.63. *Seven of the index's 11 major sectors were lower, led by the materials sector, which fell more than...

  • "Looking ahead, there are some threats on the horizon, rising costs foremost among them," Neil Saunders, managing director of retail research firm GlobalData Retail. Dollar General said it expects to earn $6.30 to $6.50 per share in fiscal 2019, below the average analyst estimate of $6.65, according to IBES data from Refinitiv. Excluding items, the company earned...