In a statement Tata Steel said, its board, will be meeting on May 3 to consider a proposal to split the stock and recommend a dividend. Tata Steel did not specify the ratio of the stock split, but said, it… Read More ›
dividend
Oil major Exxon Mobil keeps Q4 dividend unchanged, a first since 1982
In a development that marks and underscores the massive impact the coronavirus is having on the oil industry, Exxon Mobil Corp stated, it will keep its fourth-quarter dividend flat at 87 cents a share. This is the first time since 1982… Read More ›
Rolls Royce ditches 2020 free cash flow targets due to Wuhan Coronavirus
According to a report from the Financial Times, Rolls-Royce is slated to abandon its targets on deliveries, profits, cash and dividend, as airlines around the world ground their planes in the wake of the Wuhan Coronavirus outbreak. Rolls-Royce is also… Read More ›
Carl Icahn increases stake at Occidental Petroleum to nearly 10%
According to a report by the Wall Street Journal, activist investor Carl Icahn has increased his stake in Occidental Petroleum Corp to nearly 10% as he scales up his fight to take control over the oil producer. As of the… Read More ›
Nissan’s earnings and cashflow under pressure for 2019-2020: CEO
On Tuesday, Nissan Motor Co’s Chief Executive Makoto Uchida stated, he expects the carmaker’s earnings and cashflow to remain under pressure through the end of the financial year in March. Uchida made these comments while addressing shareholders for the first… Read More ›
Bernard Looney to be BP’s CFO
In a statement, BP stated, Brian Gilvary, its finance chief who will be stepping down in June 2020 after eight years of service in the company, will be replaced by Bernard Looney, who incidentally will become the company’s chief executive… Read More ›
Altice NV to spinoff US business, simplify operations
Analysts view the move as largely benefiting the conglomerate since it essentially assigns economic values to two distinct business verticals, de-linking its European operations with that of its U.S. business and at the same time boost liquidity. In a strategic… Read More ›
Italy’s Enel plans strategic shift to more mature markets
The utility giant is eyeing the expansion of its footprint in the U.S., Spain and Italy. In a development that underscores Italy’s biggest utility Enel pushing strategically to make its network more digital, the firm has disclosed that it plans… Read More ›
Share price of Barrick Gold could surge by 30%
The strategic restructuring of Barrick Gold’s operations as well as the output of its new mines could potentially boost its share price, said Barron’s. The April 10th edition of the Barron’s has reported that the shares of Barrick Gold have… Read More ›
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