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) Q&A | In Depth Interviews
For much of 2007, many midsize banks in Brazil found themselves in the right place at the right time. A buoyant stock market and the lure of easier access to funding led more than half a dozen midsize banks to carry out IPOs and in some cases double their share capital.. More>>
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) Animal Health International, Inc. Announces Its Fourth Quarter and Fiscal Year 2007 Earnings
WESTLAKE, Texas, Sept. 18, 2007 (PRIME NEWSWIRE) -- Animal Health International, Inc. (NasdaqGS:AHII - News) announced today that net sales increased $12.9 million, or 8.7%, to $159.7 million for the three months ended June 30, 2007, from $146.8 million for the same quarter last year. Operating income was $2.6 million, down $1.9 million from the same quarter last year. This decline in operating income was caused by a non-recurring legal settlement and associated fees of $2.5 million, implementation costs for SOX 404 and other public company related expenses, all of which were not incurred last year as a private company. Operating income adjusted for these items was $5.7 million, up 26.7% over last year. Net loss was ($0.2) million, down $0.9 million from last year's net income of $0.7 million. More>> - (
) Bellway to show if housing market is growing
INVESTORS will be keeping an eye on updates from the housebuilding and leisure sectors this week.Only two months ago, Newcastle housebuilder Bellway was "cautiously optimistic" about its future prospects despite recent interest rate hikes.
But as mortgage firms tighten their lending terms and the housing market cools following the summer turmoil in financial markets, analysts will be keen to gauge any change in tone at the company's final results tomorrow.
While the business reported encouraging reservation levels earlier this summer, investors will want to see what impact the woes of Northern Rock have had on the business after housebuilder Barratt Developments said new homes sales dropped by up to 10% in the week after the crisis.
Numis Securities analyst Colette Ord said Bellway's outlook would be the "key focus" of the results. More>>
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) Dollar Falls Further To Euro, Hits New 31-year Low Versus Loonie Thursday Morning
(RTTNews) - The dollar fell further against the euro and loonie while seeing uncertain dealing against the yen and sterling Thursday morning. Economic reports will garner interest Thursday, as they become ever more important in the lead up to the Federal Reserve's interest rate decision.Among the reports set for release include initial jobless claims, crude inventories, and data on the trade balance.
The dollar dropped to a new 31-year low versus its Canadian counterpart, extending a dramatic month-long downtrend. The greenback dropped to .9750 from an overnight level near .9820, reaching its lowest point since 1976.
The dollar extended its losses from the previous two sessions against the euro Thursday morning, slipping to a week and a half low of 1.4215 by 6 am ET. More>>