UPDATE: Steel & Tube shares rise to two-week high as earnings beat guidance
(Recasts to add stock gain, CEO comments) By Jonathan Underhill Aug. 12 (BusinessDesk) - Steel & Tube Holdings stock rose to a two-week high after it posted full-year earnings that beat guidance and lifted its dividends, as the contribution from new acquisitions and cost sa...
Turners may sell $30M of 2-year convertible bonds as existing issue nears maturity
By Jonathan Underhill Aug. 12 (BusinessDesk) - Turners Group, the financial services firm that has $23 million of convertible bonds set to convert to shares on Sept. 30, said it is contemplating a new offer of up to $30 million of the securities to ensure it has funds availabl...
Steel & Tube underlying profit falls 9.3% on increased costs, rivalry
By Jonathan Underhill Aug. 12 (BusinessDesk) - Steel & Tube Holdings, whose shares have recovered from a 15-year low in the past two months, posted a 9.3 percent decline in full-year underlying profit as it faced increased costs including for substandard products and "intense"...
MARKET CLOSE: NZ shares rise as Spark's yield attracts; Kathmandu snaps 5-day rally
By Jonathan Underhill Aug. 11 (BusinessDesk) - New Zealand shares rose after the Reserve Bank cut interest rates, underlining the yield from companies such as Spark NZ, while Kathmandu fell, snapping a five-day rally that had pushed the retailer to a 19-month high. The NZX...
Prev
