Financial News

WASHINGTON (Dow Jones) -- New Jersey utility Public Service Enterprise Group Inc. said Friday that its third-quarter profit rose by nearly 4% after accounting for costs related to its pending merger with Exelon Corp. PSEG (PEG) said net income for the three months ended Sept. 30 rose to $253 million, or $1.03 a share, vs. $244 million or $1.03 a share for the same period a year ago. Excludin ...

LONDON (Reuters) - Brewing giant SABMiller has launched a tender offer to buy the shares in Colombian brewer Bavaria it does not already own. The brewer of Miller Lite, Castle and Peroni beers, which already has a controlling 71.8 percent stake in South America's second-biggest brewer, said in a statement on Friday that it was offering to buy the remaining shares at a cash price of $19.48 per sha ...

SAN FRANCISCO (MarketWatch) -- Chevron Corp. said Friday third-quarter earnings rose 12% on the back of sharply higher oil and gas prices, outpacing the costly impact of Hurricanes Katrina and Rita on its Gulf Coast operations. EARNINGSWATCH Anadarko's profit surges 50% as oil, gas prices soar Chevron's profit up 12% despite hurricane woes Avon profit falls, stil ...

WASHINGTON (MarketWatch) -- New Jersey utility Public Service Enterprise Group Inc. said Friday that its third-quarter profit rose by nearly 4% after accounting for costs related to its pending merger with Exelon Corp. EARNINGSWATCH PSEG earnings up slightly after merger costs Matsushita quarterly profit rises 33% Allstate reiterates 2005 op. profit target of $2.35-$2.50 Bristol ...

A difficult outlook for carmakers weighed on European equity markets in a week driven by mixed company results. // The FTSE Eurofirst 300 index ended almost flat on the week at 1,173.94, a gain of just 0.1 per cent, but has lost 4.6 per cent since the start of October. The benchmark hit a two-month low on Thursday but rallied 0.2 per cent on Friday following the release of stronger-than-forecas ...

SAN FRANCISCO (Dow Jones) -- Chevron Corp. said Friday third-quarter earnings rose 12% on the back of sharply higher oil and gas prices, outpacing the costly impact of Hurricanes Katrina and Rita on its Gulf Coast operations. But the company (CVX) also warned that the storms are likely to put a damper on fourth-quarter earnings as it continues to rebuild its shattered refining operations, offs ...

TNT hopes the deal will help it to secure the number two slot behind Royal Mail in the UK postal market.The deal is worth some £120,000, but as far as Bradford-based Belgravium is concerned, its importance is more strategic than monetary. "It takes us into a market sector we have been trying to get into," said Belgra- vium chairman John Kembery."We hope the contract will grow and develop into so ...

Mickey Clarke, Evening Standard28 October 2005 ANY remaining questions City analysts may have had about Glaxo-SmithKline's earnings growth potential have been answered by the company itself - inadvertently. OTHER STORIES Cheque printer bounces How to buy into top funds Right time to escape bond trap Smaller companies report: Thursday close There's life in the cat's landing  ...

Geoff Foster, Daily Mail28 October 2005 POOR old Communisis. The largest printer of cheque books in the UK said it had received a number of takeover approaches from private equity houses but still its shares closed ¼p easier on the day at 109¾p. OTHER STORIES Market report: Friday preview How to buy into top funds Right time to escape bond trap Smaller companies report:  ...

GRAHAM'S Dairies, Scotland's largest independent milk producer, yesterday grew its turnover 17.5 per cent after buying Scottish Milk Dairies (SMD) - just days after rival Robert Wiseman Dairies had its takeover of the operation blocked by the Competition Commission. The acquisition, from the UK's largest farmer-owned business First Milk, for what is believed to be considerably less than the £900 ...