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Nordstrom 1st quarter net income falls on weaker demand for spring goods

The Canadian PressMay 16, 2013 16:45
NEW YORK, N.Y. - Nordstrom Inc. said Thursday its first-quarter net income fell 3 per cent, hurt by weak demand for spring merchandise and softer performance in the Northeast and Midwest. The results were below Wall Street estimates, a rare miss for the luxury retailer given that higher-end spenders have generally kept shopping in the lacklustre economy. The company's stock fell more than 3 per cent in aftermarket trading.

RioCan reports 'record' results as operating FFO rises 20% to $124M

The Canadian PressMay 3, 2013 08:15
TORONTO - RioCan Real Estate Investment Trust (TSX:REI.UN) says net earnings attributed to unitholders declined in its most recent quarter to $163 million from $343 million. However, the owner of Canada's largest portfolio of shopping centres says operating funds from operations produced "record results," rising 20 per cent in the three months ended March 31 to $124 million from $103 million in the same quarter in 2012. On a per unit basis, operating FFO increased 11 per cent to 41 cents per unit from 37 cents.

Trimac Transportation reports first-quarter profit and revenue up from year ago

The Canadian PressMay 1, 2013 14:16
CALGARY - Trimac Transportation Ltd. (TSX:TMA) said Wednesday that it earned $3.1 million in its latest quarter as revenue grew by more than 25 per cent form a year ago. The trucking company said the profit amounted to 11 cents per share in the quarter ended March 31, compared with a profit of $2.2 million or eight cents per share a year ago. Revenue grew to $105.9 million, up from $83.6 million, while revenue, excluding fuel surcharges, improved to $93.1 million from $72.3 million a year ago.

Higher costs push Johnson

April 16, 2013 08:46
US health care and pharmaceutical giant Johnson & Johnson on Tuesday said rising costs pushed earnings lower in the first quarter. Net earnings fell 10.6 percent to $3.50 billion in the quarter to March 31, compared to a year earlier, despite an 8.5 percent rise in sales to $17.5 billion. Cost of sales grew 13.0 percent, pushing net earnings as a percent of sales to 20.0 percent from 24.2 percent. Earnings per share fell 13.5 percent to $1.22 from $1.41. The company said domestic US sales gained 11.2 percent in the quarter and international sales rose 6.3 percent.

Sanitary workers protest against non-payment of salaries

April 3, 2013 14:38
Sanitary workers of Municipal Committee here started protest against non-payment of their salaries and uniform allowance. Protesters included women workers also raised their brooms in front of officers. Heera Lal, representing sanitary workers, said they were paid salaries and given uniforms since long due to which they face serious problems.They said shopkeepers are not ready to give any grocery items on credit and their innocent child are crying for bread and milk.

Cairn Energy posts slumping 2012 net profits

March 19, 2013 06:17
British oil and gas explorer Cairn Energy said on Tuesday that net profits slumped last year as income from oil output fell sharply after the group slashed its stake in Cairn India. Edinburgh-based Cairn said in a statement that earnings after taxation sank to $72.6 million (56.1 million euros) in 2012. That compared with a far larger net profit of $4.1 billion in 2011 following the agreed sale of the majority of its Indian division to Vedanta Resources.

UPDATE 2-ITV to pay special dividend as earnings rise

February 27, 2013 03:45
* To pay 156 mln pounds special dividend worth 4 pence/share * 2012 adjusted earnings 520 mln pounds, up 13 pct * Q1 advertising revenue seen up 5 pct * CEO says firm has not received takeover approaches * Shares down 2 percent By James Davey

XP Power profit falls on lower revenue from North America, Europe

February 25, 2013 04:15
Feb 25 (Reuters) - Electrical component maker XP Power Ltd reported a 17 percent fall in adjusted pretax profit, hurt mainly by a decline in revenue from its North American and European businesses. The company said it expects 2013 revenue to remain at last year's level or grow slightly, as orders remained weak. XP Power recorded a 2 percent fall in 2012 orders. Adjusted profit before tax fell to 20.2 million pounds ($30.9 million) in the year ended Dec. 31 from 24.3 million pounds a year earlier.

UPDATE 2-Thomas Cook shareholders with 30% protest against pay

February 7, 2013 14:15
LONDON, Feb 7 (Reuters) - British travel firm Thomas Cook said investors holding almost 30 percent of its stock voted against its remuneration report on Thursday, in a sign that shareholder anger over soaring executive earnings has not died down. A large number of investors in British companies registered their disapproval of executive pay during the 2012 annual meetings season, an episode known as the 'shareholder spring'.
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