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May 12 (Reuters) – Manila Water Co:
UNIT ACQUIRED 107.6 MILLION SHARE OF METROPAC WATER INVESTMENTS CORP IN MANILA WATER CONSORTIUM
POST-ACQUISITION, UNIT WILL OWN 84%, WHILE VICSAL WILL OWN 16% IN MWCON
Source text for Eikon: ID:nPSX35nZZm
Further company coverage: MWC.PS
May 12 (Reuters) – Holcim Philippines:
APPROVED CLOSURE OF OPERATIONS OF HPI TERMINALS LOCATED IN CALACA, ILO-ILO AND MANILA
PUT IN PLACE PLAN TO CONVERT USE OF TERMINALS TO WAREHOUSES TO STORE CEMENT PRODUCTS FROM OTHER HPI NEIGHBORING PLANTS
Source text for Eikon: ID:nPSX9PXSB0
Further company coverage: HLCM.PS
May 12 (Reuters) – Philex Mining :
QTRLY NET INCOME ATTRIBUTABLE 690.4 MILLION PESOS VERSUS 559.6 MILLION PESOS
QTRLY GROSS REVENUE 2.53 BILLION PESOS VERSUS 2.37 BILLION PESOS
Source text for Eikon: ID:nPSX60vK7z
Further company coverage: PX.PS
May 12 (Reuters) – Sterling hit fresh lows against the dollar and the euro on Thursday, as risk sentiment soured after U.S. inflation data cemented bets of aggressive rate hikes by the Federal Reserve.
Analysts also said uncertainty around the British economic outlook and fading rate hikes expectations in the UK would keep the pound capped.
The Sterling fell 0.4% against the dollar to $1.2189, after hitting its lowest since May 2020 at $1.2185. GBP=
It rose 0.1% against the euro after falling to its lowest since October 2021 at 86.18 pence. EURGBP=
(Reporting by Stefano Rebaudo, editing by Danilo Masoni)
((stefano.rebaudo@thomsonreuters.com ; +39. 0266129431; Reuters Messaging: stefano.rebaudo.thomsonreuters.com@reuters.net ));))
May 12 (Reuters) – SPC Power:
QTRLY NET INCOME ATTRIBUTABLE 126.7 MILLION PESOS VERSUS 462.5 MILLION PESOS
QTRLY GROSS REVENUE 674.4 MILLION PESOS VERSUS 464.5 MILLION PESOS
Source text for Eikon: ID:nPSX6Bg299
Further company coverage: SPC.PS
May 12 (Reuters) – Converge Information & Communications Technology Solutions:
CO & CHINA MOBILE INTERNATIONAL, CHINA UNICOM GLOBAL AND PPTEL SEA H2X , REAFFIRMED PARTNERSHIP
DEAL TO CONSTRUCT, OPERATE SOUTH EAST ASIA HAINAN – HONG KONG EXPRESS CABLE SYSTEM
=PARTIES APPOINTED HMN TECHNOLOGIES TO BUILD CABLE TO ENHANCE INTRA-ASIAN CONNECTIVITY
Source text for Eikon: ID:nPSX20jz66
Further company coverage: CNVRG.PS
May 12 (Reuters) – GT Capital:
APPOINTMENT OF FRANCISCO C. SEBASTIAN AS CHAIRMAN
Source text for Eikon: ID:nPSX36pvQB
Further company coverage: GTCAP.PS
May 12 (Reuters) – Cebu Air:
QTRLY NET LOSS ATTRIBUTABLE 7.61 BILLION PESOS VERSUS LOSS OF 7.30 BILLION PESOS
QTRLY REVENUES 6.709 BILLION PESOS, UP 147.6%
Source text for Eikon: ID:nPSX2FCtvF
Further company coverage: CEB.PS
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May 12 (Reuters) – European stocks slumped on Thursday, echoing sharp losses on Wall Street overnight, after U.S. inflation data fuelled concerns about the impact of bigger interest rate hikes on economic growth.
The continent-wide STOXX 600 index .STOXX slid 2.2% by 0710 GMT, reversing much of the mid-week gains. Technology .SXPP and mining .SXPP stocks were among the top decliners on the index, with all the sectors trading in the red.
U.S. tech-heavy index Nasdaq .IXIC tumbled over 3% on Wednesday, taking year-to-date losses to 27%, after data showed U.S. consumer prices moderated in April but increased more than economists’ expectations. nL2N2X315F
Meanwhile, UK’s FTSE 100 .FTSE fell 2.1% as data showed Britain’s economy shrank by 0.1% in March. .L nL5N2X427Z
Commerzbank CBKG.DE fell 2.4% despite confirming its full-year net profit target of more than 1 billion euros. nL5N2X41KD
Franco-Italian chipmaker STMicroelectronics STM.MI slipped 0.8% even as it forecast more than $20 billion in annual sales by 2027 at the latest. nL5N2X41K3
French video game group Ubisoft UBIP.PA dropped 3.7% after forecasting lower operating profit for 2022-23. nL2N2X31VQ
(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))
TOKYO, May 12 (Reuters) – Japan’s Nikkei fell to its lowest in almost two months on Thursday as technology heavyweights tracked a sharp decline on Wall Street overnight.
The Nikkei share average .N225 fell 1.77% to 25,748.72, the lowest since March 15. The broader Topix .TOPX fell 1.19% to 1,829.18.
“It was hard to bet on Japanese stocks after the Nasdaq’s fall overnight,” said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.
“As long as the Federal Reserve maintains its policy tightening, investors will remain cautious about investing in risk assets.”
U.S. stocks ended sharply lower overnight, with the Nasdaq dropping more than 3% and the Dow falling for a fifth straight day after inflation data did little to ease investor worries over the outlook for interest rates and the economy. .N
Technology investor SoftBank Group 9984.T tanked 8.03%, dragging the telecommunication sector .ICOMS.T 4.06% lower to make it the worst performing segment.
Telecom companies KDDI 9433.T and SoftBank Corp 9434.T fell 3.01% and 5.95% respectively.
Chip-related stocks Tokyo Electron 8035.T and Advantest 6857.T slid 1.6% and 3.63% respectively. Medical services platform M3 2413.T tumbled 10.29%.
Toyota Motor 7203.T, which warned of annual profit declines, ended 1.54% lower after trading in positive territory.
Peer Mitsubishi Motor 7211.T jumped 6.18% after forecasting a rise in profit. nXB0CZVRKR
Olympus 7733.T surged 11.24% as the endoscope maker forecast a jump in annual profit. nXB0JEM5CY
There were 88 advancers on the Nikkei index against 135 decliners.
The volume of shares traded on the Tokyo Stock Exchange’s main board was 1.52 billion, compared with the average of 1.22 billion in the past 30 days.
(Reporting by Junko Fujita; Editing by Uttaresh.V and Vinay Dwivedi)
((813-4563-2711, junko.fujita@thomsonreuters.com, Reuters Messaging:junko.fujita.reuters.com@reuters.net;))
