Saturday, November 29, 2014   

Hutchison, Cheung Kong profits soar
(07-31 16:59)

Cheung Kong Holdings (0001) saw its net profit soared 59 percent in the first six months of the year to HK$21.35 billion from a year ago, beating market's expectation.
The flagship of local tycoon Li Ka-shing is giving an interim dividend and a special one totaling HK$7.638. Li said local property sales improved but businesses in the mainland contributed less than expected. Meanwhile, Hutchison Whampoa (0013) recorded a 130-percent surge in net profit to HK$28.44 billion over the same period. The group declared an interim and special dividend with a total of HK$7.66.   
Other Business breaking news:
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European stocks open mixed (11-28 16:46)
EU gives time to rule-breaking France, Italy on budget (11-28 16:44)
Hang Seng ends flat (11-28 16:42)
Hang Seng dips in morning session (11-28 12:10)
Nikkei up by break (11-28 12:09)
Lackluster Japan data paints gloomy picture for Abenomics (11-28 11:40)
OPEC move to keep oil output target sparks price slump (11-28 11:33)
German labor market unfazed by economic weakness (11-27 18:52)
China Internet giants in tit-for-tat battle for users (11-27 18:28)

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