Mark Carney has begun the inflation report. “The recovery has gained momentum,” Carney says. The first phase of forward guidance. The Monetary Policy Committee(MPC) set 7% unemployment rate threshold before even considering whether interest rates should be raise. “Forward guidance is working… uncertainty about interest rates has fallen,” Carney said. […]
Capital Market
Heineken sees return to revenue growth after weak 2013
* Sees organic revenue growth in 2014 after 0.1 pct rise in 2013 * 2013 net profit down 2.0 pct at 1.59 bln as expected * African improvement in Q4 * Shares up 3 pct, among strongest among European blue chips (Adds shares, margin, cost savings, CEO on Nigeria, Mexico) […]
Total’s Quarterly Profit Drops as Refining Margins Narrow
Total SA (FP), Europe’s third-largest oil producer, reported a 19 percent decline in fourth-quarter profit as refining margins in the region narrowed and output dropped. The company raised its dividend. Profit excluding changes in inventories dropped to 2.47 billion euros ($3.4 billion) from 3.04 billion euros a year earlier, the […]
