Sale helps deliver Foster&#39;s Group profit boost
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The big brewer and winemaker, Foster&#39;s Group, has announced a full-year result of $799 million which has been significantly boosted by the sale of its Australian Leisure and Hospitality business.
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The toymaker cited earnings of $161.6 million, helped by higher sales led by Transformers and Spider-Man toys and a favorable tax adjustment.
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BSkyB's profits rise after a major advertising campaign leads to a strong-than-expected rise in subscribers.
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The clothing retailer J. Crew Group reported a profit in the fourth quarter yesterday, in contrast to a loss a year ago, as sales rose.
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The manufacturerâs fourth-quarter profit jumped to $2.5 billion due to a large gain on the sale of its Bobcat machinery division, but results fell short of Wall Street forecasts.
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Talbots, the clothing retailer, said yesterday that second-quarter profit rose 4.8 percent as sales increased and the company benefited from the resolution of an income tax issue.
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Corus Group Plc, the UK&#39;s biggest steelmaker, reported its first profit and revived plans to sell 500 million euros ($608 million) of bonds to refinance debt after it benefited from higher steel prices and cost cuts.
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Target Corp. , the No. 2 U.S. discount retailer, on Thursday posted a higher quarterly profit, boosted by stronger sales and gains from the sale of its Mervyn's department store chain.
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NEW YORK -- Investment banking firm Morgan Stanley said yesterday that its third-quarter profit surged on stronger investment banking and trading business, surpassing analysts' expectations.
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A wine glut in the US has hit profits at beer and wine company Foster&#39;s during the first half of 2004. The Australian company has been looking to expand its wine business but suffered as a surplus of US grapes forced many producers to cut prices.
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Women&#39;s clothing retailer Chico&#39;s FAS Inc. on Tuesday posted a 39 percent jump in third-quarter profit, helped by sharply higher sales and improved margins.
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Colgate-Palmolive Co  on Tuesday posted higher quarterly profit, helped by strength in emerging markets and improved margins and savings from cost-cutting measures.
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Engineering and construction company Foster Wheeler  is experiencing a boom as higher spending on energy projects produces more business and better margins, Barron's reported in its June 18 edition.
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Somerfield raised Â£51m through a shares placing yesterday to help finance the purchase of 114 stores from its rival supermarket group, William Morrison.
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SATELLITE TV giant BSkyB impressed the market with an immediate upturn in subscriber growth yesterday, a boost that helped the firmâs annual general meeting pass without controversy.
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Long & Foster, the Washington region's largest real estate brokerage, announced yesterday that it has acquired the residential real estate arm of W.C. & A.N. Miller Development for an undisclosed sum as it tries to grab a larger share of the upper-end home-sales market.
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Target Corp. TGT.N, the No. 2 U.S.  discount retailer, on Thursday posted a higher quarterly  profit, boosted by stronger sales and gains from the sale of  its Mervyn's department store chain.