Mulberry shares sink after profit warning

Mulberry Group PLC said Monday that its profit for the full year will be “materially reduced” if sales from its concessions in House of Fraser department-stores continue to be affected by the tough U.K. market conditions. The luxury fashion companyMUL, -17.57%  said it expects to book an exceptional cost of 3 million pounds ($3.8 million) for the six months ended […]

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Ansell profit soars after condoms unit disposal

SYDNEY–Rubber products maker Ansell Ltd. (ANN.AU) said its annual profit more than tripled, benefiting from U.S. corporate tax cuts and a gain on the sale of its global condoms business. Ansell, a maker of safety gear ranging from surgical gloves to commercial diving suits, said its net profit jumped to US$484.3 million in the 12 months through June from US$147.7 […]

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Fortescue profit slumps, dividend slashed

SYDNEY–Fortescue Metals Group Ltd. (FMG.AU) more than halved its dividend after a sharp fall in annual profit and offered more detail around plans to reinvigorate earnings by changing the type of iron ore it sells. The world’s fourth-biggest exporter of iron ore on Monday recorded a 58% slump in net profit for the 12 months through June, to US$879 million. […]

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Woolworths annual profit rises, boosts dividend

SYDNEY–Australian grocer Woolworths Group Ltd.’s (WOW.AU) annual net profit rose by more than 12% and it boosted dividends, reflecting earnings growth in the Australian food division and benefits from a new petrol alliance. Net profit in the year through June 24 was about 1.73 billion Australian dollars (US$1.27 billion). Total revenue from continuing operations was A$57.2 billion, up 3.5%. Woolworths […]

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Apple removes 25,000 apps from its App Store in China

BEIJING — Apple Inc. pulled illegal apps from its App Store in China after coming under fire from state media for not doing enough to filter out banned material. “Gambling apps are illegal and not allowed on the App Store in China,” Apple said in a statement Monday. “We have already removed many apps and developers for trying to distribute […]

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Australian court quashes challenge to Adani mine

‘Indigenous groups’ views not sought’ An Australian court quashed an indigenous group’s bid to block Indian resource conglomerate Adani Enterprises Ltd. from developing its controversial Carmichael coal mine on Friday, clearing one of the final legal hurdles to its development. The company is still securing financing for the A$4 billion ($2.9 billion) first stage of the huge mine, but the […]

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Avista Healthcare shares rise on deal to acquire Organogenesis

Avista Healthcare Public Acquisition Corp. AHPA, -0.11% shares rose in the extended session Friday after the company said it planned to acquire Organogenesis Inc. Avista shares rose 5.4% after hours, following a 0.1% decline to finish the regular session at $10.11. The combined company is expected to have an enterprise value of about $673 million, and Organogenesis will trade under […]

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Deere to raise prices, cut costs

Deere & Co. reported strong demand in its construction and farming markets in the latest quarter but said it would cut costs and raise prices due to higher raw material and logistics expenses. Costs for steel and aluminum have been pushed up by U.S. tariffs on imported metal and a nationwide truck shortage has led to increased shipping expenses for […]

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