AERO: Belgrade Airport to payout cash dividend on 30th October
Belgrade Nikola Tesla Airport (AERO) announced that it will pay out earlier approved cash dividend to its shareholder on 30th October this year. The amount for minorities is at RSD 57.2 gross per share. Record date is on 31st December 2017, while this amount bears 3.8% gross yield.
Source: Belex, Ilirika
Lidl to open its stores on October 11 – Sixteen discount stores to start working in 12 towns
Lidl Serbia will start operating on October 11 with the opening of 16 stores in 12 towns throughout Serbia. Citizens of Belgrade, Bor, Zrenjanin, Kragujevac, Leskovac, Nis, Novi Sad, Smederevo, Sombor, Subotica, Uzice and Sabac will be the first ones to have the unique shopping experience at the first modern discount stores in Serbia, Lidl announces. The opening of the finished stores in other towns will start in November and continue in the upcoming months, considering that Lidl Serbia announces the further expansion of its retail network.
IKEA to start raising retail park in Bubanj Potok in spring 2019
IKEA announced that it would build a shopping center in Belgrade, which will be located next to its department store in Bubanj Potok. Stefan Vanoverbeke, Country Manager for South East Europe at IKEA, said in his talk with Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic that the good, open cooperation with the authorities in Serbia had contributed to the continuation of investments, whereby the total value of the company's investments in Serbia would amount to EUR 120 million.
Montenegro to offer bauxite site in Zupa Niksicka for concession
Zupa Niksicka, where millions of tons of red bauxite were exploited for decades is still standing on natural riches whose reserves are estimated at 9 million tons. The Ministry of Economy of Montenegro says that the Blok 4 site will soon be offered for a 30-year concession through a public ad. Under scientific and professional criteria, Blok 4 is the most promising area for the discovery of new sites of quality red bauxite in the area of Zupa Niksicka and the finding of projected sites with reserves of around 9 million tons is very likely – the Government of Montenegro announced.
Dow hits record earlier in day, but stocks close little changed as rising rates spook investors, Europe ends higher with Italy's spending in focus, trade fears wane
Stocks were mixed on Wednesday, with investors grappling with the positive and negative effects from rising interest rates after the release of strong U.S. economic data. The Dow Jones Industrial Average climbed 54 points, after hitting an all-time intraday high earlier in trading of 26,951.81 points. The S&P 500 was closed about unchanged, as losses in consumer and utility stocks outweighed gains in the financial sector. The Nasdaq Composite rose 0.3 percent, with Apple rising 1.2 percent.
The benchmark 10-year note yield traded near 3.14 percent, hitting its highest level since 2011. The 30-year bond yield, meanwhile, reached its highest level since October 2014. Rates were boosted by the release of stronger-than-expected economic data.
Private payrolls increased by 230,000 in September — the most since February — according to a report from ADP and Moody's Analytics.
General Motors shares gained 2.1 percent after the company announced Honda is investing in GM's Cruise Holdings subsidiary. The two automakers will work toward building an autonomous vehicle. GM also said Honda's investment puts Cruise's valuation at $14.6 billion.
European stocks posted solid gains by the end of Wednesday's trade, as market players kept a close eye on Italian politics and shrugged off concerns surrounding global trade. The pan-European Stoxx 600 rose 0.50 percent by the close with all but one of the region's sectors closing in positive territory. Telecoms and media were the strongest performers, closing up more than 1 percent each as a group, while retail dipped into the red.
Shares of Tesco slumped 8.6 percent, after the supermarket retailer's saw its first half profit miss analysts' forecasts, following weak trading seen overseas.
Luxury carmaker Aston Martin started trading on the London Stock Exchange for the first time. However, shares ended deep in the red, following its market debut on the back of concerns that the brand will struggle to deliver an ambitious roll-out of new models.