Author: PageOne

GE Lagos Garage
Tech

GE’s Q2 revenue drops by 12% to USD29.6 billion

GE said its second quarter revenue dropped by 12% year on year while its cash flow rose more than expected. Outgoing CEO and Chairman, Jeff Immelt, Chairman “GE’s portfolio enables us to execute in a slow-growth, volatile environment, with Industrial segment organic revenues +2% and orders +6%. We delivered $0.28 […]

Moody’s posts USD1.0 billion revenue for Q2
Global

Moody’s posts USD1.0 billion revenue for Q2

Moody’s one of the top four largest rating agencies said it recorded USD1.0 billion for the second quarter of the year. The result is an 8% year on year growth. “In the second quarter, Moody’s recorded $1.0 billion in quarterly revenue, as well as double-digit EPS growth,” said Raymond McDaniel, […]

Eni hosts the 16th world oil and gas review
Global

Eni hosts the 16th world oil and gas review

Eni has announced that hosting of its 16th edition of the World Oil and Gas Review, the annual statistics report on world reserves, production and consumption of oil and gas with a special focus devoted to crude oil quality and the refining industry. According to Eni, this year the review […]

SAP names provisional management team for Africa
Global

SAP names provisional management team for Africa

Pending investigation into allegations of bribery and corruption involving the Guptas, SAP has appointed Claas Kuehnemann as head of its interim management team for Africa. The company said in an official statement that Claas Kuehnemann will step into the role of acting managing director for Africa while the company’s investigation […]

Georgi Ganev to head Kinnevik from 2018
Tech

Georgi Ganev to head Kinnevik from 2018

Georgi Ganev, the recently appointed chief executive officer of Kinnevik will be resuming his position by the 1st of January, 2018. Kinnevik confirmed the status in its latest trading update where its net asset value was disclosed at SEK81.9 billion (SEK 298 per share), up SEK 2.4bn or 3% during […]

Kinnevik invests USD65 million in Betterment LLC
Tech

Kinnevik invests USD65 million in Betterment LLC

Kinnevik AB, Swedish tech investor said it has invested another USD65 million into Betterment LLC. Betterment is the largest independent automated investing service company in the United States, as the company extends its financing round from last year. Kinnevik said the USD70 million extension to the March 2016 financing round […]