Monday, 24 November 2014

Reuters

PPF offers to buy shares in Czech O2 from retail investors

Reuters |
20 November 2014

Czech investment group PPF said on Wednesday it was offering retail investors in O2 Czech Republic the chance to sell up to 200 shares to it for the price it bought back shares earlier this year.

Waving red cards in protest, Czechs mark Velvet Revolution

Reuters |
18 November 2014

Thousands of Czechs marched through Prague on Monday to mark the 25th anniversary of the fall of communism, waving soccer-style red penalty cards as a warning to a president they see as drifting too close to Moscow.

KBC's Czech unit ČSOB net profit drops in third quarter

Reuters |
14 November 2014

Net profit at KBC's CSOB unit, the largest bank in the Czech Republic, dropped 14 percent to 3.3 billion crowns ($148.93 million) in the third quarter, hit by a slight decline in operating income and higher operating costs.

ČEZ profit drops on power prices and provisions

Reuters |
13 November 2014

Czech electricity producer ČEZ reported a sharp drop in third-quarter profit on falling power prices in Europe and provisions on its renewable power business in Romania.

Czech EPH has interest in Vattenfall's brown coal portfolio in Germany

Reuters |
13 November 2014

Czech energy group Energeticky a Prumyslovy Holding's (EPH) Mibrag unit is interested in all of Vattenfall's brown coal portfolio and possibly other assets belonging to the Swedish group, EPH's Chairman Daniel Kretinsky said on Wednesday.

O2 Czech Republic Q3 net profit decreases by 7 pct

Reuters |
13 November 2014

O2 Czech Republic reported a 7.1 percent year-on-year drop in net profit in the third quarter to 1.25 billion Czech crowns ($56.55 million), broadly in line with market expectations, hit by continuous slide of revenues.

No miracle cure says bouncing Czech Berdych

Reuters |
13 November 2014

Knock him down and one thing is certain about Tomas Berdych at the ATP World Tour Finals -- he will bounce right up again.

Kvitová seals Fed Cup title for Czech Republic

Reuters |
10 November 2014

World number four Petra Kvitová sealed the Fed Cup title for the Czech Republic by beating Angelique Kerber 7-6 4-6 6-4 to give her country an unbeatable 3-0 lead over Germany in the final on Sunday.

Czech lender Komerční Banka reviews dividend policy, looks at higher ratio

Reuters |
7 November 2014

Czech lender Komercni Banka is reviewing its dividend policy to pay out more than 70 percent of its profit and is looking at a range going up to 100 percent, Chief Financial Officer Libor Loefler said on Thursday.

Billionaire's political rise inspires some, alarms others

Reuters |
6 November 2014

In just three years, Finance Minister Andrej Babiš has managed to expand smoothly beyond business into politics and now appears poised to be a contender for prime minister. His decades of experience running successful businesses was always part of his appeal to Czech voters sick of a stale political culture riddled with corruption and graft. But while many believe he can make a difference in the fight against what he calls "godfathers" and "Palermo", others see the potential for clashes of interests and even a dangerous concentration of power.

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