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May 12 (Reuters) – DoubleDragon:
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FY CONSOL NET INCOME GREW 87.2% YEAR-ON-YEAR TO 11.3 BILLION PESOS
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FY CONSOL REVENUES GREW 11.7% YEAR-ON-YEAR TO 15.9 BILLION PESOS
Source text for Eikon: ID:nPSX7yN237
Further company coverage: DD.PS
Archives: Reuters Articles
BRIEF-Manila Water Company Says Unit Acquired 107.6 Million Share Of Metropac Water Investments Corp In Manila Water Consortium
May 12 (Reuters) – Manila Water Co:
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UNIT ACQUIRED 107.6 MILLION SHARE OF METROPAC WATER INVESTMENTS CORP IN MANILA WATER CONSORTIUM
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POST-ACQUISITION, UNIT WILL OWN 84%, WHILE VICSAL WILL OWN 16% IN MWCON
Source text for Eikon: ID:nPSX35nZZm
Further company coverage: MWC.PS
BRIEF-Holcim Philippines Approved Closure Of Operations Of HPI Terminals Located In Calaca, Ilo-Ilo And Manila
May 12 (Reuters) – Holcim Philippines:
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APPROVED CLOSURE OF OPERATIONS OF HPI TERMINALS LOCATED IN CALACA, ILO-ILO AND MANILA
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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
BRIEF-Philex Mining Posts Qtrly Net Income Attributable 690.4 Million Pesos
May 12 (Reuters) – Philex Mining :
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QTRLY NET INCOME ATTRIBUTABLE 690.4 MILLION PESOS VERSUS 559.6 MILLION PESOS
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QTRLY GROSS REVENUE 2.53 BILLION PESOS VERSUS 2.37 BILLION PESOS
Source text for Eikon: ID:nPSX60vK7z
Further company coverage: PX.PS
Sterling hits new lows against dollar and euro
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 ));))
BRIEF-Spc Power Corp Posts Qtrly Net Income Attributable 126.7 Million Pesos
May 12 (Reuters) – SPC Power:
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QTRLY NET INCOME ATTRIBUTABLE 126.7 MILLION PESOS VERSUS 462.5 MILLION PESOS
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QTRLY GROSS REVENUE 674.4 MILLION PESOS VERSUS 464.5 MILLION PESOS
Source text for Eikon: ID:nPSX6Bg299
Further company coverage: SPC.PS
BRIEF-Converge Information & Communications Technology Says Co & other parties, Reaffirmed Partnership
May 12 (Reuters) – Converge Information & Communications Technology Solutions:
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CO & CHINA MOBILE INTERNATIONAL, CHINA UNICOM GLOBAL AND PPTEL SEA H2X , REAFFIRMED PARTNERSHIP
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DEAL TO CONSTRUCT, OPERATE SOUTH EAST ASIA HAINAN – HONG KONG EXPRESS CABLE SYSTEM
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=PARTIES APPOINTED HMN TECHNOLOGIES TO BUILD CABLE TO ENHANCE INTRA-ASIAN CONNECTIVITY
Source text for Eikon: ID:nPSX20jz66
Further company coverage: CNVRG.PS
BRIEF-Gt Capital Says Appointment Of Francisco C. Sebastian As Chairman
May 12 (Reuters) – GT Capital:
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APPOINTMENT OF FRANCISCO C. SEBASTIAN AS CHAIRMAN
Source text for Eikon: ID:nPSX36pvQB
Further company coverage: GTCAP.PS
BRIEF-Cebu Air Posts Qtrly Net Loss Attributable 7.61 Billion Pesos
May 12 (Reuters) – Cebu Air:
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QTRLY NET LOSS ATTRIBUTABLE 7.61 BILLION PESOS VERSUS LOSS OF 7.30 BILLION PESOS
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QTRLY REVENUES 6.709 BILLION PESOS, UP 147.6%
Source text for Eikon: ID:nPSX2FCtvF
Further company coverage: CEB.PS
European stocks slump after Wall St rout on rate hike worries
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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;))