Brexit vote hits Deutsche Telekom profits
Deutsche Telekom profits took a hit from Britain's vote to leave the EU
Frankfurt - AFP
German telecommunications giant Deutsche Telekom said Thursday net profits fell in 2016 following a depreciation in its stake in Britain's BT in the wake of last year's Brexit vote.
Net profits were down 18 percent to 2.67 billion euros ($2.8 billion), the company said. Analysts had been expecting it to post a profit of 4.54 billion euros.
The main factor hitting profits was a 2.2-billion-euro loss from its 12-percent stake in BT "mainly as a result of declines in the BT share price and in the pound sterling following the Brexit referendum," the German group said.
Deutsche Telekom stressed that the dip in profits would not affect its payout of shareholder dividends.
Britain's June vote to leave the European Union took the global markets completely by surprise, sparking lingering uncertainty and unease over London's future relationship with Brussels.
British Prime Minister Theresa May is expected to formally activate the divorce proceedings later this month, starting a two-year process.
source: AFP
GMT 07:49 2017 Saturday ,23 December
Deutsche Telekom to buy Austrian rival for 1.9 bn euros
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 15:46 2018 Wednesday ,12 December
Festive Fashion by Dubai-based designer ASMARAÏA
GMT 21:46 2017 Wednesday ,08 February
Israel says rockets fired from Egypt at resort town, no casualties
GMT 16:33 2017 Sunday ,26 February
Minister of Environment Emphasizes Protecting Qatari Environment, Preserving Natural Resources
GMT 17:27 2017 Wednesday ,03 May
FBI translator married Daesh fighter she spied on
GMT 22:36 2018 Friday ,19 January
Ghandour: Sudan is speaking about threats targeting its security in the East
GMT 22:18 2016 Thursday ,25 August
Colombia's Santos orders definitive ceasefire with FARC
GMT 13:17 2017 Monday ,13 February
Mexico City sees thousands gather in anti-Trump protests
GMT 23:54 2017 Saturday ,08 April
South Africa has reached its Mugabe moment
GMT 07:46 2017 Monday ,24 April
Egyptian FM arrives the Country
GMT 11:55 2017 Monday ,25 September
Top Palestinian negotiator awaiting lung transplant in US
GMT 03:32 2017 Sunday ,22 January
Portugal’s democracy founder Mario Soares dies aged 92
GMT 05:22 2017 Thursday ,07 September
Civil activists protest tax hike in Zghorta
GMT 01:35 2017 Thursday ,28 September
EU headscarf ban ruling sparks faith group backlash
GMT 03:44 2016 Wednesday ,17 August
Malaysian Premier Meets Palestinian Foreign Minister
GMT 14:18 2017 Wednesday ,20 September
Deputy PM receives book copy
GMT 22:23 2017 Friday ,29 September
Lebanon says it is pursuing sleeper cells
GMT 16:52 2017 Friday ,30 June
Police officer in Medan attacked and killed by terrorists?
GMT 04:29 2016 Tuesday ,15 November
Foreign ministry warns of fake recruitment agencies
GMT 14:54 2017 Thursday ,13 April
Assad: Syria firepower 'not affected' by US strike
GMT 05:21 2017 Thursday ,09 November
Pussy Riot attack 'police state' on Trump anniversary
GMT 12:09 2017 Thursday ,11 May
Argentina says no to early release of dictatorship-era criminals
GMT 10:58 2017 Saturday ,08 April
Electricity work plan contradicts cabinet agreement
GMT 17:39 2017 Tuesday ,10 January
Duncan appointed as Cote d'Ivoire vice president
GMT 21:00 2017 Wednesday ,31 May
Taiwan backlash over Emirates flag ban
GMT 05:11 2017 Sunday ,09 April
Egypt denounces truck attack in Sweden that left four dead and 15 injured
GMT 11:44 2017 Sunday ,03 September
Kuwaiti leader on visit to the US
GMT 07:33 2016 Saturday ,19 November
Egypt gold prices drop 5 EGP
GMT 07:26 2017 Thursday ,27 April
Thai mother saw daughter's Facebook Live murder
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor