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Food delivery group HelloFresh prepares autumn flotation: sources

FRANKFURT (Reuters) - Online food delivery group HelloFresh is preparing a stock market flotation in autumn as it seeks to benefit from buoyant equities markets, people familiar with the matter said. Its owners including German e-commerce group Rocket Internet and Insight Venture Partners have mandated Morgan Stanley and Goldman Sachs to organize the listing, the people said. The IPO, which may take place as early as October may value the company at more than 1 billion euros ($1.09 billion), one of the people said. ...

Gold struggles near multi-year low as Fed comments buoy dollar

A woman looks at a gold chain at a jewellery showroom on the occasion of Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, at a market in MumbaiBy Manolo Serapio Jr MANILA (Reuters) - Gold hovered near a 5-1/2-year low on Wednesday as the dollar strengthened after comments from a Federal Reserve official backed expectations that the U.S. central bank would hike interest rates as early as next month. Atlanta Federal Reserve President Dennis Lockhart has said it would take "significant deterioration" in the U.S. economy for him to not support a rate hike in September, according to the Wall Street Journal. Spot gold was flat at $1,086.90 an ounce by 0606 GMT.


London Stock Exchange first-half earnings see boost from FTSE - Russell

A man walks past the London Stock Exchange in the City of London(Reuters) - London Stock Exchange Group , Europe's oldest independent bourse, said profit after tax for the first half rose 21 percent, aided primarily by robust growth in its global indexes business FTSE-Russell. The company, which owns Borsa Italiana, MillenniumIT, Russell Investments and the London Stock Exchange, said the period saw positive underlying results in its information services products, capital markets and Italian post trade divisions. The 214-year-old exchange group said it would pay an interim dividend of 10.8 pence, up from 9.7 pence last year. ...


London Stock Exchange H1 earnings see boost from FTSE-Russell

London Stock Exchange Group, Europe's oldest independent bourse, said profit after tax for the first half rose 21 percent, aided primarily by robust growth in its global indexes business FTSE-Russell. ...

Ukraine's Ferrexpo interim earnings hit by iron ore slump

Ukrainian iron ore miner Ferrexpo said it was cautious about its full-year performance due to weakness in iron ore prices and an uncertain situation in Ukraine, as it reported a 45 percent fall in its half-year core profit. The Swiss-headquartered mining firm, posted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $176 million in the first half this year, down from $321 million in the same period last year, hit by a fall in iron ore prices. "We remain cautious in the short to medium term, due to the potential for further iron ore price weakness and the fragile state of the Ukrainian economy," non-executive chairman Michael Abrahams said in a statement.

Australia shares sag as banks retreat, NZ steadier

SYDNEY/WELLINGTON, Aug 5 (Reuters) - Australian shares fell on Wednesday as the banking sector came under renewed pressure following a negative lead from Wall Street. Commonwealth Bank of Australia (Other OTC: CBAUF - news) and National Australia Bank both lost around 0.7 percent. In contrast, iron ore miner Fortescue Metals Group, soared nearly 10 percent, topping the leader board.

Official China paper says investor sentiment has rebounded after stock rout

Investor confidence in China's stock market improved in July after the government stepped in to halt a share price slide, China's official Shanghai Securities News reported on Wednesday. The newspaper cited a survey by China Securities Investor Protection Fund Corporation, a state-owned fund set up to protect the rights of securities investors, which said investor confidence in the stock market rose in July to 59.6, up 1.9 percent from June. China's stock markets skidded 14 percent in July, their biggest monthly loss in nearly six years, and are now down some 25 percent from mid-June highs.

Disney shares drop after company lowers cable outlook

Walt Disney Co lowered profit guidance for its cable networks unit and reported quarterly revenue slightly below Wall Street forecasts, sending its shares down 6 percent on Tuesday. The media company now expects annual operating income growth at the unit in the mid-single digits for fiscal years 2013 to 2016, Chief Financial Officer Christine McCarthy said on a conference call. The company cut its forecast because it expects lower revenue from a decline in subscribers and the impact of foreign exchange rates, McCarthy said.
 
 
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