BP's net profit fell 40% in quarter

Article Abstract:

British Petroleum PLC (BP) posted a 40% decline in net profit to 416 million pounds sterling in the third quarter of 1998, against 691 million pounds sterling in the year-ago period, mainly due to the depressed crude-oil prices and the minimal margins in refining and processing petroleum. BP's financial result was in line with analysts' expectations and was even lauded by some analysts, saying that the company performed above expectations. The company, which is merging with Amoco Corp. to create the third-largest public oil firm in the world, also reported revenue of 9.2 billion pounds sterling during the third quarter as compared to 11.35 billion pounds sterling in the previous year.

Comment:

Posts 40% decline in net profit to 416 mil pounds sterling in 3rd quarter of 1998, against 691 mil pounds sterling a year ago

Sales, profits & dividends, Petroleum, Petroleum and Coal Products Manufacturing, British Petroleum Company PLC, Article

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Aventis struggles to flee clutches of smaller rival

Article Abstract:

Pharmaceutical company Aventis may pursue a merger partner to fend off a hostile takeover from smaller competitor Sanofi-Synthelabo.

Acquisitions & mergers, Pharmaceutical industry, Mergers, acquisitions and divestments, Company acquisition/merger, Aventis S.A., AVE, Sanofi Synthelabo

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Crash of Concorde isn't expected to hurt airlines

Article Abstract:

It is unlikely that the Concorde crash in Paris will do any damage to the reputations of either British Airways or Air France.

Scheduled Airlines, Scheduled Air Transportation, Public affairs, Air Transportation, Scheduled, And Air Courier Services, Usage, Airlines, British Airways PLC, Public relations, Air France, Concorde (Aircraft)

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