shares Archives - Page 58 of 77 - Tyrepress

Tag Archive for: shares

Bridgestone Quarterly Profits up 4 per cent

Bridgestone Corp. reported first quarter 2006 sales of 704.7 billion yen, up 16.7 per cent compared to the same period in 2005, resulting in a 4 per cent bump in quarterly net profits to $239 million.

The company said that strong global sales helped offset heavy increases in raw material costs. Bridgestone said its tyre sales in Japan rose 10 per cent for the quarter, while sales in the US increased 25 per cent, and sales in Europe increased 13 per cent. Sales elsewhere jumped 37 per cent, Bridgestone said.

2nd May 2006/by Tyrepress Editors

Analysts Forecast Good Q1 Results from Michelin

Industry analysts have forecasted first quarter sales figures for Michelin of around 3.85 billion euros ($4.75 billion) – a rise of 6.7 per cent. The figure is the average of estimates from 11 analysts, which ranged from 3.7 billion euros to 4.2 billion. Michelin’s actual first quarter financial results will be revealed after the close of the stock market today.

25th April 2006/by Tyrepress Editors

Production Underway at Krasnoyarsk Tire Plant

Production at the former Amtel-Vredestein Krasnoyarsk Tire Plant was re-launched on 19 April, with local government officials optimistic they can overcome the facility’s past problems.

Lev Kuznetsov, the first deputy-governor of Krasnoyarsk territory, has now signed a social and economic cooperation between the Administration Council of Krasnoyarsk Territory and LLC Vostokshinainvest, the owner of Krasnoyarsk Tire Plant.

24th April 2006/by Tyrepress Editors

Analysts – First Quarter Tough for Cooper

Cooper Tire & Rubber’s passenger replacement tyre volumes declined 4.3 per cent year-on-year in the first quarter of 2006, Deutsche Bank analysts have reported. While this was slightly better than the market watchers feared, raw materials rose by more than expected, ruling out any advantages. Even the $4.3 million Cooper is believed to have gained as a dividend from its shares in Kumho was not enough to offset the higher raw material costs.

13th April 2006/by Tyrepress Editors

MRF Comes Top of Indian OE Satisfaction Survey

MRF moves up three rank positions from 2005 to rank highest in customer satisfaction in the JD Power Asia Pacific 2006 India Original Tire Customer Satisfaction Index (TCSI) Study. This is the fourth time MRF has ranked highest in the study. The study, now in its sixth year, analyzes perceptions of new-vehicle buyers on five critical factors: appearance of tyre, durability of tyres, ride quality, traction and handling.

13th April 2006/by Tyrepress Editors

Goodyear Directors Re-Elected at 2006 Annual Meeting

Goodyear Tire & Rubber Company shareholders have re-elected James C. Boland, Steven A. Minter, Michael R. Wessel, John G. Breen and William J. Hudson, Jr. to the company’s Board of Directors.

In other business, shareholders passed a proposal requiring the annual election of directors. In connection with that proposal, the terms of all of the company’s directors will expire at the 2007 annual meeting.

12th April 2006/by Tyrepress Editors

Goodyear Directors Re-Elected at 2006 Annual Meeting

Goodyear Tire & Rubber Company shareholders have re-elected James C. Boland, Steven A. Minter, Michael R. Wessel, John G. Breen and William J. Hudson, Jr. to the company’s Board of Directors.

In other business, shareholders passed a proposal requiring the annual election of directors. In connection with that proposal, the terms of all of the company’s directors will expire at the 2007 annual meeting.

11th April 2006/by Tyrepress Editors

Nokian Tyres AGM

Nokian Tyres Annual General Meeting accepted the profit and loss statement for 2005 and discharged the Board of Directors and the President from liability. A decision was made on a dividend of 0.23 euros per share. The matching date will be 11 April 2006 and the payment date 20 April 2006.

7th April 2006/by Tyrepress Editors

Analysts Cautious About Goodyear Cost-Cutting

Deutsche Bank analysts have reacted cautiously to the news that Goodyear is closing its Dunlop Tyre factory in the U.K. and ceasing production of bicycle tyres and inner tubes at its Poland plant. The company expects these actions to generate after-tax savings of between $30-$40 million per year. Goodyear has previously announced that it is targeting $250-$350 million in annual cost savings from reducing high cost capacity and shifting production to lower cost markets.

6th April 2006/by Tyrepress Editors

Stock Market Interest in Kelani Tyre

In Sri Lanka, the past week has seen considerable interest in trading in the shares of Kelani Tyre and, as a result, the company’s share price rose by 18 per cent.

20th March 2006/by Tyrepress Editors

Michelin Increases Stake in Hankook

Michelin has increased its financial stake in Hankook, purchasing an additional two million shares – equivalent to 1.3 per cent of the Korean manufacturer’s share capital – for US$26 million.

20th March 2006/by Tyrepress Editors

Nokian Tyres AGM Proposals

At the Nokian Tyres Annual General Meeting, to be held April 6, 2006, the Board of Directors will propose the Members of the Board of Directors to be elected for the next period. The nominees are the current Members of the Board of Directors: Rabbe Grönblom, Hannu Penttilä, Petteri Walldén and Kim Gran and new Members of the Board of Directors: Hille Korhonen, Koki Takahashi and Alexei Vlasov.

15th March 2006/by Tyrepress Editors

Deutsche Bank: Goodyear ‘Sell’, Cooper ‘Hold’

Due to very weak North American tyre demand in the first quarter 2006 Deutsche Bank recommends its sell rating for Goodyear shares and put Cooper stock on “Hold.”

7th March 2006/by Tyrepress Editors

Continental Shares Go Against Trend

Last week Continental shares reached a new high of 86.51 euros while the competitors Toyo (-7%), Yokohama (-6%) and Nokian (-5%) lost ground. Michelin, by comparison, has remained stable at around 50 euros. Goodyear started a downswing at the end of February from more than 15 euros to 11 euros and is in danger of falling below 10 euros in the near future.

6th March 2006/by Tyrepress Editors

NetDespatch ‘Revolutionises’ Bike Tyrestore Business

NetDespatch web services have revolutionised customer service at Bike Tyrestore, the leading motorbike tyre wholesaler has reported. NetDespatch has supplied its Velocity web-based shipping, tracking and systems integration services to provide a live system connecting Bike Tyrestore’s call centre, warehouse despatch operation and 3000 plus customers nationwide, with their express delivery parcel carrier APC Overnight.

27th February 2006/by Tyrepress Editors