Market News

PolyOne Buys Composite Materials Firm Fiber-Line for $120 Ml

PolyOne (POL), a provider of specialized polymer materials, said on Wednesday it has acquired Fiber-Line, a customized engineered fibers and composite materials company, for $120 million. Founded in 1987, Fiber-Line has five manufacturing locations in North America, Europe and Asia, and provides material science and polymer formulation expertise to engineer specified performance characteristics for fiber. “Fiber-Line is an innovative and […]

Apple First Quarter Sales Guidance Lowered After Greater China Weakness Hits iPhone Sales

Apple First Quarter Sales Guidance Lowered After Greater China Weakness Hits iPhone Sales

Shares of Apple (AAPL), the first company in the world to hit a market capitalization of 1 trillion dollars, fell in early trade on Thursday as the technology firm cut its revenue guidance for the fiscal first quarter late on Wednesday, blaming fewer iPhone upgrades than anticipated in some emerging markets. The Cupertino, California-headquartered firm now expects sales of about […]

Global Energy Report: Crude Oil Falls Anew in Asia, API Estimates Ahead

Global Energy Report: Crude Oil Falls Anew in Asia, API Estimates Ahead

Crude oil slipped further in Asia on Thursday as a punishing bear trend continued for the commodity, with current prices well below downward-revised analyst expectations. ICE Brent crude oil futures slipped 1.06% to $54.33 a barrel, while NYMEX WTI eased 1.98% to $45.62 a barrel. Brent crude settled up 2.06% to $54.91 a barrel on Wednesday and WTI rose 2.49% […]

Statement of intent by PM does little to mask chaos in wake of White Paper

The fact the British prime minister felt it necessary to point out she is in charge shows just how chaotic things remain in the UK weeks after the Brexit White Paper was released. In a statement on the last sitting day of parliament before the summer break, Mrs May said: “I will lead the negotiations with the European Union, with […]

€15m revamp hits Shelbourne profits

A €15.7m refurbishment project in 2017 at Dublin‘s Shelbourne Hotel contributed to pre-tax profits at the hotel firm last year dipping 3pc to €3.8m. However, increased room rates at the hotel on Dublin‘s St Stephen‘s Green resulted in revenues going up by 5pc – from €39.7m to €41.7m for last year. According to the directors‘ report for KW Shelbourne Ops […]

Lone Star and Elliott lead PTSB sale field

US-based buyout group Lone Star and US hedge fund Elliott Management are expected to submit final bids today for Permanent TSB‘s €2.2bn portfolio of soured home loans. As the Irish Independent revealed earlier this month, Cerberus, a prolific acquirer of distressed debt after the crash, quit the race recently, raising questions about the firm‘s future appetite for non-performing residential mortgages. […]

P&G Cards looks to Europe, US for growth

P&G Cards looks to Europe, US for growth

Irish greeting card seller P&G Cards – which turns 30 next week – plans to double turnover through expansion into the US and European own-brand markets. The Roscommon company already has a contract to produce bespoke cards for Aldi but has kicked off plans for much greater expansion in this area in the US, the UK and Europe, said P&G […]