collected by :Ros Roger
as informed in ReutersBy Danilo MasoniMILAN, April twenty (Reuters) - Eu shares dipped on Friday at the finish of a powerful 7 days as a rally in commodities softened, sparking profit-taking between mining stocks, although powerful earning updates boosted shares in Ericsson & Telia. The pan-European STOXX 600 index was drop 0.1 % with 0809 GMT however remembered up 0.6 % on the 7 days & determine for its 4th straight 7 days of gains, as universal markets recovered from a turbulent 1st quarter. Its gains drove shares in elect Nokia cell smartphone up 2.7 percent. Cost cutting has been a key driver for earnings development in Europe & can too help 1st quarter results. The basic resources index, that tracks large mining stocks, fell 0.1 percent, however remembered on track to finish the 7 days up further than four percent.
As it stated in
The Swedish company, which Information Systems restructuring & has replaced much of its highest management, has struggled with falling spending on networks with telecoms operators & weak developing markets demand. Its first-quarter loss shrank to 0.3 bn crowns ($35.6 million) from a 11.3 bn loss a year earlier & win a mean prediction for a 2.4 bn loss in a Reuters poll of analysts. The Corporation cut its workforce with further than 3,000 jobs during the quarter, fraction of reductions which have eliminated 18,000 jobs ever final July, it said. Ericsson told factors behind the perfection participate cost reductions, a continued ramp-up of its 5G-ready radio system output platform & perfect go ahead in addressing poorly performing customer contracts in managed services. "Our efforts to get better efficiency in service delivery & popular costs are starting to pay off," Chief Executive Borje Ekholm told in a statement.
As it stated in
MILAN/LONDON (Reuters) - Eu shares held steady on Friday at the finish of a powerful 7 days as a rally in commodities softened, although powerful earnings updates boosted shares in Ericsson (ERICb.ST) & Telia (TELIA.ST). FILE PHOTO: The German share value index, DAX board, Information Systems seen at the stock interchange in Frankfurt, Germany, March 20, 2018. REUTERS/Staff/File PhotoThe pan-European STOXX 600 index ended the session flat in percentage terms however remembered up 0.7 % on the week, its 4th straight 7 days of gains, as universal markets recovered from a turbulent 1st quarter. Elsewhere, dovish remarks overnight from Bank of Britain Governor check Carney weakened the pound, helping the internationally exposed FTSE .FTSE index outperform by a earn of 0.5 percent. Back in earnings, Telia was an outstanding gainer, up 8.6 percent, after the Nordics telecoms group declared a welcome share buyback outline as first-quarter core earnings slightly topped market expectations.
as informed in ReutersBy Danilo MasoniMILAN, April twenty (Reuters) - Eu shares dipped on Friday at the finish of a powerful 7 days as a rally in commodities softened, sparking profit-taking between mining stocks, although powerful earning updates boosted shares in Ericsson & Telia. The pan-European STOXX 600 index was drop 0.1 % with 0809 GMT however remembered up 0.6 % on the 7 days & determine for its 4th straight 7 days of gains, as universal markets recovered from a turbulent 1st quarter. Its gains drove shares in elect Nokia cell smartphone up 2.7 percent. Cost cutting has been a key driver for earnings development in Europe & can too help 1st quarter results. The basic resources index, that tracks large mining stocks, fell 0.1 percent, however remembered on track to finish the 7 days up further than four percent.
As it stated in
Ericsson first-quarter loss shrinks as cost-cuts pay off; shares jump
The Swedish company, which Information Systems restructuring & has replaced much of its highest management, has struggled with falling spending on networks with telecoms operators & weak developing markets demand. Its first-quarter loss shrank to 0.3 bn crowns ($35.6 million) from a 11.3 bn loss a year earlier & win a mean prediction for a 2.4 bn loss in a Reuters poll of analysts. The Corporation cut its workforce with further than 3,000 jobs during the quarter, fraction of reductions which have eliminated 18,000 jobs ever final July, it said. Ericsson told factors behind the perfection participate cost reductions, a continued ramp-up of its 5G-ready radio system output platform & perfect go ahead in addressing poorly performing customer contracts in managed services. "Our efforts to get better efficiency in service delivery & popular costs are starting to pay off," Chief Executive Borje Ekholm told in a statement.
As it stated in
MILAN/LONDON (Reuters) - Eu shares held steady on Friday at the finish of a powerful 7 days as a rally in commodities softened, although powerful earnings updates boosted shares in Ericsson (ERICb.ST) & Telia (TELIA.ST). FILE PHOTO: The German share value index, DAX board, Information Systems seen at the stock interchange in Frankfurt, Germany, March 20, 2018. REUTERS/Staff/File PhotoThe pan-European STOXX 600 index ended the session flat in percentage terms however remembered up 0.7 % on the week, its 4th straight 7 days of gains, as universal markets recovered from a turbulent 1st quarter. Elsewhere, dovish remarks overnight from Bank of Britain Governor check Carney weakened the pound, helping the internationally exposed FTSE .FTSE index outperform by a earn of 0.5 percent. Back in earnings, Telia was an outstanding gainer, up 8.6 percent, after the Nordics telecoms group declared a welcome share buyback outline as first-quarter core earnings slightly topped market expectations.