Weak dollar helps BA cut costs, but hits revenues
Weak dollar helps BA cut costs, but hits revenues
LONDON (Reuters) – British Airways reported record first-half profit on Friday, up 26 percent due to cost cutting, but its shares fell by as much as 5 percent after it cut its full-year revenue guidance due to the weak U.S. dollar.
Source: feeds.reuters.com
NYSE Euronext profits surge on record trading
PARIS (Reuters) – NYSE Euronext posted a nearly quadrupled third-quarter profit on Friday as the newly merged transatlantic exchange operator benefited from record trading volumes during this summer’s financial market turmoil.
Source: feeds.reuters.com
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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