Telekom Srbija planning purchase of cable operators
Telekom Srbija is negotiating with a certain number of cable operators and is planning the acquisition of several companies in this field, stated the CEO of Telekom, Predrag Culibrk. In his interview with Vecernje Novosti, he didn't specify the names of the companies, but he said that the negotiations were open and that Telekom Srbija, as a transparent company, would not hide anything from the public if and when the agreement is reached.
Delta Holding still waiting for permits for realization of three projects in Belgrade worth EUR 400 million – Company's 1H 2018 revenues amount to RSD 30.1 billion
Delta Holding has prepared the money for the construction of a new office building, the shopping mall Delta Planet in Autokomanda and Delta Center in block 19, but it is still waiting for all the necessary permits. As said at the presentation of the company's business results in the first half of the current year, which took place on July 16, the company has not given up on the projects planned in the capital of Serbia. The company's revenues in the first six months of 2018, as said at the presentation, amount to RSD 30.1 billion, and EBITDA is RSD 2.6 billion. The biggest share was realized by Delta Agrar (47%), followed by Delta Distribucija (32%), and RSD 5.4 billion was paid to the budget of the Republic of Serbia.
Serbia's exports up 12.1% in 2017, imports up 13.6%
Serbia's overall external trade in January-December 2017 amounted to 34.4 bln euros, which was a 12.9 pct increase compared to the same period of the previous year, the national statistical office NZS announced Monday. The value of exports amounted to 15050.8 mln euros, which was a 12.1 pct increase, compared to the same period last year. The value of imports amounted to 19396.0 mln euros, which was a 13.6 pct increase.
SBITOP down 1%
Slovenian blue chip index SBITOP was down 1% yesterday, pressed by solid drop at Krka. The company lost 3.75 on a daily basis and it was the most traded name, with EUR 450ths in volume. Top gainer was Petrol, with 1.7% jump
Source: LJSE, Ilirika
Nasdaq hits all-time high after Amazon reaches record, Netflix rebounds well off lows, European stocks close higher amid earnings
The Nasdaq Composite hit a record high on Tuesday as strong gains in Amazon and a rebound in Netflix shares led to a big comeback in tech stocks. The tech-heavy Nasdaq rose 0.7 percent, after falling as much as 0.7 percent, as Amazon reached an all-time high. Meanwhile, Netflix traded just 5.2 percent lower after falling as much as 14.1 percent earlier in the session. Netflix initially plunged after reporting weaker-than-expected subscriber growth. The streaming giant said Monday afternoon that domestic subscribers grew by 670,000 in the previous quarter, while international additions rose by 4.5 million. The Dow Jones Industrial Average and S&P 500 also got a boost from tech as well as strong earnings from Johnson & Johnson. The Dow rose 74 points, with Johnson & Johnson outperforming. The S&P 500 gained 0.5 percent.
Johnson & Johnson rose 3.6 percent after reporting earnings and revenue that topped expectations. Goldman Sachs also posted better-than-expected earnings, but its stock fell 0.6 percent.
Federal Reserve Chairman Jerome Powell said in testimony to the Senate Committee on Banking, Housing and Urban Affairs that he supports more rate hike given the “considerably stronger” economic growth.
Stocks in Europe closed higher Tuesday as investors digested further corporate results and monitored remarks by Federal Reserve Chairman Jerome Powell. The pan-European Stoxx 600 closed provisionally 0.3 percent higher with major bourses and sectors in mostly positive territory. Telecoms were the worst performers, off by nearly 1.5 percent, whereas basic resources rose just over 1 percent on earnings news.
Thyssenkrupp jumped nearly 10 percent following news the chairman resigned after the company’s CEO left last week due to shareholder pressure. At the other end, Husqvarna dropped almost 18 percent on disappointing results. The company lowered its operating margin targets for this year.
SEB rose more than 4 percent after announcing that activity picked up across different customer segments during the second quarter, despite a muted start to the year.