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Richmond Mercurio
Richmond Mercurio
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URC nets P8.02 billion in 9 months
by Richmond Mercurio - November 13, 2024 - 12:00am
Lower profits in its sugar and renewables business weighed down the performance of Gokongwei-led food and beverage firm Universal Robina Corp. in the nine months ending September.
Lucio Co gobbles up beer importer Booze
by Richmond Mercurio - November 13, 2024 - 12:00am
The Keepers Holdings Inc. of tycoon Lucio Co is gobbling up a local beer importer, further boosting the company’s extensive portfolio.
Recovering consumer demand lifts Cosco’s profit
by Richmond Mercurio - November 13, 2024 - 12:00am
Earnings of Cosco Capital Inc., the listed retail holding firm of tycoon Lucio Co, increased by 10 percent in the nine months ending September on the back of strong operating performance across all its business...
JFC 9-month income gets boost from Compose Coffee acquisition
by Richmond Mercurio - November 13, 2024 - 12:00am
Higher system-wide sales and contributions of recently acquired South Korean value coffee brand boosted earnings of Asian food conglomerate Jollibee Foods Corp. by nearly a quarter in the nine months ending Sep...
SMC earnings climb 19% to P37 billion
by Richmond Mercurio - November 13, 2024 - 12:00am
Earnings of diversified conglomerate San Miguel Corp. rose by nearly a fifth in the nine months ending September on the back of strong revenue growth across its businesses.
Lingering headwinds sink stocks deeper
by Richmond Mercurio - November 13, 2024 - 12:00am
The local stock market sank deeper as investor sentiment remained affected by lingering headwinds.
SM Prime profit up 12% to P33.9 billion
by Richmond Mercurio - November 12, 2024 - 12:00am
SM Prime Holdings Inc. registered a double-digit earnings growth in the nine months ending September, putting the company on track for another banner year.
DoubleDragon kicks off P10 billion bond offer
by Richmond Mercurio - November 12, 2024 - 12:00am
DoubleDragon Corp., the listed developer chaired by Edgar “Injap” Sia II, has commenced its retail bond offering which has been priced at eight percent per annum.
Buyers keen on Monde Nissin stake in Figaro
by Richmond Mercurio - November 12, 2024 - 12:00am
A number of investors are expected to line up for Monde Nissin Corp.’s stake in the Figaro Coffee Group should the listed snack foods giant decide to dispose of its interest.c
Stocks remain in red for 4th straight session
by Richmond Mercurio - November 12, 2024 - 12:00am
A slowdown in the country’s foreign direct investment inflow in August further dampened investor sentiment, resulting in a fourth straight loss for the local stock market.
Market volatility to continue this week
by Richmond Mercurio - November 11, 2024 - 12:00am
Market volatility may continue this week following last week’s slump that brought the benchmark index below the 7,000 level.
SEC to boost sustainability among SMLEs
by Richmond Mercurio - November 11, 2024 - 12:00am
The Securities and Exchange Commission (SEC) is working on ways to further boost sustainability among small, medium and large enterprises (SMLEs) in the country.
Maynilad IPO set next year
by Richmond Mercurio - November 11, 2024 - 12:00am
Maynilad Water Services Inc. is finally pushing through with its initial public offering (IPO) next year.
Ovialand embarks on 2nd project with Japan’s Takara Leben
by Richmond Mercurio - November 11, 2024 - 12:00am
Ovialand Inc., a property developer led by the Olivares family, is embarking on its second project with Japan’s Takara Leben Co. Ltd. following the success of the partnership’s first residential joint...
Metro Pacific Health lands 27th hospital investment
by Richmond Mercurio - November 11, 2024 - 12:00am
Metro Pacific Health Corp. (MPH)’s buying spree continues, expanding its hospital network with the acquisition of its 27th hospital.
DMCI profit slips to P15.1 billion in 9 months
by Richmond Mercurio - November 10, 2024 - 12:00am
Weaker contributions from the integrated energy, real estate and nickel businesses pulled down earnings of DMCI Holdings in the nine months ending September.
More LEED-certified properties up for SM
by Richmond Mercurio - November 10, 2024 - 12:00am
SM Prime Holdings Inc. is working on the green certification of more properties to address climate change and enhance disaster resilience.
RLC profit up 13 percent in end-September
by Richmond Mercurio - November 9, 2024 - 12:00am
Gokongwei-led Robinsons Land Corp. (RLC) delivered a robust performance in the first three quarters, with profit rising by 13 percent year-on-year to P10.01 billion.
Puregold acquires Puremart stores
by Richmond Mercurio - November 9, 2024 - 12:00am
Puregold Price Club Inc., the flagship retail chain of businessman Lucio Co, is bolstering its portfolio with the acquisition of Puremart stores.
PSEi drops below 7000 level on Trump victory, slower growth
by Richmond Mercurio - November 9, 2024 - 12:00am
The local stock barometer extended its losing streak, dropping below the 7,000 level on the back of prevailing negative sentiment following a slowdown in the country’s economic growth in the third quarter and...
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