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Stock Market & Financial Investment News

News Breaks
December 13, 2012
10:07 EDTRCI, TU, SJR, BCECanadian Supreme Court rules against broadcasters in value-for-signal case
The Supreme Court of Canada overturned a decision that the Canadian Radio‑television and Telecommunications Commission is allowed to adopt a policy establishing a market‑based, value for signal regulatory regime. The policy would empower private local television stations, or broadcasters, to negotiate direct compensation for retransmission of signals by cable and satellite companies, or broadcasting distribution undertakings--BDUs, as well as right to prohibit BDUs from retransmitting those signals if negotiations unsuccessful. The decision is viewed as a loss for BCE Inc. (BCE) and a win for TELUS (TU), Rogers Communications (RCI) and Shaw Communications (SJR).
News For BCE;TU;RCI;SJR From The Last 14 Days
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February 4, 2016
18:15 EDTSJRCanada Competition Bureau will not challenge Shaw acquisition of WIND
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07:12 EDTBCEBCE to raise annual dividend 5% to C$2.73 from C$2.60
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07:11 EDTBCEBCE says Thomas O'Neill to retire as Chair, board to nominate Gordon Nixon
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07:11 EDTBCEBCE reports Q4 EPS C72c, consensus 71c
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January 27, 2016
06:57 EDTRCIRogers Communications sees FY16 operating revenue up 1%-3%
Rogers Communications said: "We expect steady growth in operating revenue and adjusted operating profit and lower additions to property, plant and equipment to drive higher free cash flow. We expect to have the financial flexibility to maintain our network advantages, to begin reducing debt, and to continue to return cash to shareholders." Sees FY16 capex C$2.3B-C$2.4B and free cash flow up 1%-3%.
06:55 EDTRCIRogers Communications reports Q4 adjusted EPS C$0.64, consensus C$0.69
Reports Q4 revenue C$3.45B, consensus C$3.48B. "Overall, we delivered steady results in a fiercely competitive quarter, including strong results in Wireless and Internet, where we maintained momentum in subscriber and financial metrics. We continued to make strong progress on postpaid churn thanks to the success of our customer propositions and customer experience improvements. Whilst we are making good progress, we aren't resting on our laurels, and we recognize there is more work to do. We delivered on our full-year guidance and our strategy continues to gain traction in the market. We enter 2016 with an outlook of continued growth and remain focused on delivering year two of Rogers 3.0," said Guy Laurence, President and CEO, Rogers Communications.

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