Business
Business
Top Chinese Airlines’ Profits Fall as Flagging Economy Pressures Fares
Business
Estee Lauder Names Insider De La Faverie as New CEO to Kickstart Turnaround
Business
Basf Sees 2024 Profit at Lower End of Range on Weaker Auto, Agriculture Demand
Business
Virgin Money UK Picks Insider Gergely Zaborszky as Next CFO
UK Retailer Next Expects to Join 1 Billion Pound Profit Club
Date: October 30, 2024
By James Davey LONDON (Reuters) -Next said on Wednesday it expected to report annual profit in excess of 1 billion pounds ($1.3 billion) for the first time in its history in its current financial year, underscoring the success of the British clothing retailer. The group, led by CEO Simon Wolfson, raised its outlook for the...
Capgemini Trims 2024 Revenue Target Again as Soft Markets Hit Q3 Sales
Date: October 30, 2024
(Reuters) -French IT consulting group Capgemini cut its 2024 revenue target for the second time this year on Wednesday, after continued weakness in some of its markets, especially manufacturing, hit its third-quarter sales. The group, which offers services ranging from cloud and AI to enterprise management across a wide array of industries, had in...
Amundi’s Q3 Net Inflows Profit From ETF Demand, Asian Operations
Date: October 30, 2024
By Mathieu Rosemain PARIS (Reuters) – Amundi, Europe’s biggest fund manager, posted in-line quarterly inflows on Wednesday, driven by sustained demand for risk-averse products and its Asian operations. Net inflows in the third quarter were 2.9 billion euros, bringing total assets under management (AUM) to 2.19 trillion euros at end of September, up 11.1% from...
StanChart to Double Down on Wealth Business, Trim Retail as It Lifts Outlook
Date: October 30, 2024
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) – Standard Chartered upgraded key performance targets as its quarterly profit topped market estimates, and said it will double down on its wealth business while slashing back retail banking in a bid to further boost returns. StanChart said its third-quarter pretax profit reached $1.72 billion,...
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...