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Stock Market & Financial Investment News

News Breaks
August 6, 2014
06:30 EDTSBMRY, RIOSABMiller appoints Jan du Plessis as next chairman
SABMiller (SBMRY) announced that Jan du Plessis has agreed to join the SABMiller board as an independent non-executive director with effect from September 1. The board of SABMiller intends to appoint du Plessis as Chairman in succession to John Manser at the conclusion of the annual general meeting in July 2015, when Manser will, as previously intimated, retire from the board, having deferred his previously expected retirement date for one year. This will allow for an appropriate period of familiarisation and handover, and facilitate orderly succession planning. du Plessis will also join the Nomination Committee with effect from September 1. du Plessis is chairman of Rio Tinto plc (RIO) and Rio Tinto Limited, having been appointed to that role in 2009, following his appointment as a director in 2008.
News For SBMRY;RIO From The Last 14 Days
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October 24, 2014
07:58 EDTSBMRYMolson Coors seen as winner if peers merge, Bloomberg says
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October 23, 2014
06:27 EDTRIORio Tinto extends tenure of CEO Sam Walsh, CFO Chris Lynch
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October 16, 2014
10:01 EDTRIOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
09:23 EDTRIOOn The Fly: Pre-market Movers
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07:43 EDTRIORio Tinto downgraded to Market Perform at Cowen
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06:29 EDTRIORio Tinto downgraded to Market Perform from Outperform at Cowen
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October 15, 2014
11:30 EDTRIORio Tinto CEO says not looking to do major M&A right now, Nikkei reports
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10:02 EDTSBMRYOn The Fly: Analyst Downgrade Summary
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08:01 EDTSBMRYSABMiller downgraded to Underperform from Sector Perform at RBC Capital
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October 14, 2014
19:49 EDTRIORio Tinto says expenditure for first three quarters of FY14 was $566M
Rio Tinto said that pre-tax and pre-divestment expenditure on exploration and evaluation charged to the profit and loss account in the first three quarters of FY14 was $566M compared with $774M in 2013, sustaining the savings achieved in the same period of FY13 whilst continuing to progress the highest priority projects. In the first nine months of FY14, approximately 35% was incurred by the Copper Group, 5% by Iron Ore, 18% by Energy, 16% by Diamonds and Minerals, 1% by Aluminium and the balance by central exploration. There were no significant divestments of central exploration properties in Q3 of FY14 or FY13.
19:41 EDTRIORio Tinto says FY14 iron ore global production guidance unchanged
Rio Tinto says FY14 global production guidance is unchanged at 295M tonnes, subject to weather constraints. Rio Tinto expects FY14 iron ore global shipments of approximately 300M tonnes. Around 5M tonnes of iron ore inventory is expected to be drawn down from the Pilbara mines during the year.
19:39 EDTRIORio Tinto lowers FY14 diamond production guidance
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19:36 EDTRIORio Tinto increases FY14 thermal coal production guidance
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19:33 EDTRIORio Tinto reduces FY14 alumina production guidance
Rio Tinto’s share of bauxite and aluminium production for FY14 is unchanged and is expected to be 41M tonnes and 3.4M tonnes, respectively. Alumina production guidance is reduced to 7.4M tonnes from 7.6M tonnes, excluding alumina production in the year from the Gove alumina refinery.
19:32 EDTRIORio Tinto increases FY14 copper production guidance
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19:29 EDTRIORio Tinto reports Q3 production data
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06:21 EDTSBMRYSABMiller reports Q2 group NPR increased 3%
Reports Q2 group net producer revenue per hectoliter grew by 4% in Q2. Reports total beverage volumes grew by 1% for the first six months on an organic basis, driven by "strong" performance across both lager and soft drinks in Latin America and Africa. SABMiller CEO Alan Clark said, "We achieved resilient net producer revenue growth in the first half, powered by our Africa and Latin America businesses. Our total beverage volume growth was impacted by weaker lager volume performance in Q2, balanced by strong growth in soft drinks. Financial performance has been affected by ongoing foreign currency movements as well as weaker Q2 trading conditions in China and Australia.” Reference Link
October 13, 2014
07:26 EDTSBMRYAB InBev has studied potential deal to acquire PepsiCo, Bloomberg says
Anheuser-Busch InBev (BUD), which has a history of growth via acquisition and has been speculated to be targeting peer SABMiller (SBMRY), has also studied whether a merger with PepsiCo (PEP) makes sense, according to Bloomberg, citing people familiar with the matter. The report added that one source said no talks between Anheuser-Busch and Pepsi are ongoing, no deal is imminent, and the scenario is among many that has been examined. The report also noted that Albert Fried views Monster Beverage (MNST) and Keurig Green Mountain (GMCR) as other suitable targets for AB InBev. Reference Link
October 12, 2014
17:50 EDTRIORio Tinto shares could climb 20%, Barron's says
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