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...Tractor maker Deere boosted its full-year outlook as the global economic reopening has helped fuel demand for its farm and construction equipment....
...The group, based in Moline, Illinois, said it expected agricultural and turf equipment sales to rise 25 per cent in the US and Canada this year and construction and forestry equipment to rise as much as...
...“John Deere’s first-quarter performance reflected early signs of stabilisation in the US farm sector,” said John May, Deere chief executive....
...In addition to cutting its net sales forecast for both its agriculture & turf and construction & forestry divisions by 2 percentage points each to 2 per cent and 11 per cent respectively, John Deere also...
...FTfm asked investment chiefs at some of the world’s leading asset management companies for their views on where to go from here....
...Tractor maker Deere & Co and construction equipment manufacturer Caterpillar were also among the more than 20 issuers tapping the market....
.../ From John Barstow, Fittleworth, W Sussex, UK...
...agriculture and turf division and 29 per cent jump in its construction and forestry sales....
...The risks entailed have been laid bare by the ongoing Lava Jato investigations into corruption involving politicians and officials at Petrobras, the state-controlled oil company, Odebrecht, the construction...
...Samuel Allen, chairman and chief executive officer, said: John Deere’s second-quarter performance reflected the continuing impact of the downturn in the global farm economy and further weakness in the construction...
...Sales at its construction and forestry business are expected to be up 2 per cent....
...Outside the motor sector, John Deere, the US maker of agricultural and construction equipment, suspended operations near Tianjin after some of its workers were injured....
...He added that the relatively healthy results were due to Deere’s “broad-based business line-up”. Profit in the company’s construction, forestry and financial services divisions was all up....
...Deere expects a buoyant housing market to drive a roughly 10 per cent rise in construction and forestry equipment sales, partially offsetting a 6 per cent drop in sales for its much larger agricultural equipment...
...Deere, which makes farm tractors as well as forestry and construction equipment, said that it earned $996.5m, or $2.56 a share, in the three months to July....
...The disappointing revenue forecasts came as the company, which makes farm tractors as well as forestry and construction equipment, reported higher than expected second-quarter results and forecast a record...
...Net income at Deere, which also makes forestry and construction equipment, was a record $649.7m, or $1.65 per diluted share, in the quarter ended in January, up 22 per cent from $532.9m, or $1.30 per share...
...John Deere fell short of analysts’ expectations for the year....
...Lawnmower John Deere is the world’s biggest producer of agricultural tractors and has the largest range of lawnmowers on the market....
...Analysts expected Deere to report earnings of about $1.07 a share on sales of $6.6bn for the period. The construction and forestry sector was the standout, with sales jumping 52 per cent to $911m....
...A judge in Regina v....
...Pradhan Mantri Adarsh Gram Yojana (PMAGY) (v) There are about 44,000 villages in which the population of Scheduled castes is above 50 per cent....
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