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Stock Market & Financial Investment News

News Breaks
February 7, 2013
16:39 EDTBGCGeneral Cable sees FY13 operating income in the range of $300M - $340M
For 2013, the company is expecting to generate operating income in the range of $300 - $340 million as we focus on the integration of recent acquisitions and continuous improvement at our manufacturing facilities around the world. Unit volume for 2013 is expected to be in the range of 1.4 to 1.5 billion metal pounds, including approximately 350 to 400 million metal pounds from acquisitions completed in 2012. For 2013, we expect our recent acquisitions along with our base business in the Americas, Africa, and Asia Pacific to continue to show improvement. Our Europe and Mediterranean segment is expected to contribute in the range of 3-6% of overall operating income in 2013 driven by our businesses throughout the region as our Iberian and submarine turnkey project businesses are expected to operate around breakeven. While the Spanish end market is expected to remain difficult in 2013, our actions taken in Spain over the last four years to reduce our ongoing cost base and deliver growth in our exports from Spain should help offset continuing weakness in the domestic market, said Gregory B. Kenny, President and Chief Executive Officer of General Cable.
News For BGC From The Last 14 Days
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April 24, 2014
10:00 EDTBGCOn The Fly: Analyst Initiation Summary
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08:55 EDTBGCGeneral Cable initiated with a Buy at Rhino Trading
Target $34.
April 17, 2014
08:21 EDTBGCGeneral Cable remeasures Venezuelan unit's exchange rate
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April 15, 2014
05:46 EDTBGCGeneral Cable upgraded to Buy from Neutral at Longbow
Longbow upgraded General Cable to Buy with a $36 price target citing an attractive risk/reward profile.

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