business
Business
UK retailer Next expects to join 1 billion pound profit club
Business
Capgemini trims 2024 revenue target again as soft markets hit Q3 sales
Business
Amundi’s Q3 net inflows profit from ETF demand, Asian operations
Business
StanChart to double down on wealth business, trim retail as it lifts outlook
Snap beats revenue and user growth estimates, announces $500 million buyback
Date: October 30, 2024
By Sheila Dang (Reuters) -Snap beat Wall Street expectations for both quarterly revenue and user growth on Tuesday, as the parent company of messaging app Snapchat has been able to lure back some advertisers with better-performing ad features. It also announced a share repurchase program of up to $500 million. Shares of Snap initially fell...
Mondelez beats quarterly results on rebound in demand, higher prices
Date: October 30, 2024
By Anuja Bharat Mistry (Reuters) -Mondelez International on Tuesday beat third-quarter revenue and profit estimates, as the Cadbury parent’s efforts to provide its products at different price points drove a sequential improvement in sales volumes. Demand for the company’s products held steady, as the prices of its candies and biscuits ranging from $3 to...
Safran in major engine repair capacity expansion as demand soars
Date: October 30, 2024
By Tim Hepheruros ($1.1 billion) and hire 4,000 people worldwide to “radically scale up” its maintenance network as the aviation industry tackles congested repair shops. The plan follows strong demand for LEAP jet engines that Safran co-produces for Airbus and Boeing with GE Aerospace and is expected to boost Safran’s share of the aftermarket,...
Results from Alphabet and Snap lift shares of online ad sellers
Date: October 30, 2024
(Reuters) – Online ad sellers added over $100 billion stock market value late on Tuesday after upbeat quarterly results from Alphabet, Reddit and Snap lifted investor optimism ahead of reports from Amazon and Meta Platforms. Alphabet’s stock rallied 4% in extended trade after it topped quarterly revenue expectations, helped by steady growth in its...
Cruise operators reap benefits of their own private islands
Date: October 30, 2024
By Doyinsola Oladipo NEW YORK (Reuters) – Major cruise operators are steering their ships – and millions of dollars in investments – into their own private destinations packed with excursions, beaches, bars and restaurants. The phenomenon appears to have started with Royal Caribbean Group, which in 2019 opened “Perfect Day at CocoCay,” an amusement park-like...
Ford shares drop as supply snags and costs hurt profit forecast
Date: October 30, 2024
By Nathan Gomes (Reuters) – Ford Motor shares fell as much as 10.4% on Tuesday after the automaker tempered its full-year profit forecast, blaming supplier disruptions and warranty costs amid a global price war fueled by overcapacity. It expects 2024 adjusted earnings before interest and taxes (EBIT) of about $10 billion, compared with its earlier...