investing
Investing
Chinese EV maker BYD’s net profit up 11.5%, revenue beats Tesla for first time
Investing
Garmin raises full-year guidance, results beat amid unabated demand
Investing
Telenor raises full-year outlook as Q3 earnings beat expectations
Investing
Sterling traders race to hedge risk ahead of UK budget, US election
Rising investor gold demand offsets lower jewellery buying in Q3, says industry body
Date: October 30, 2024
By Polina Devitt LONDON (Reuters) – Global gold demand excluding over-the-counter (OTC) trading was steady year-on-year at 1,176.5 metric tons in the third quarter as higher investment activity offset reduced jewellery consumption, the World Gold Council (WGC) said on Wednesday. Spot gold prices are up 34% so far this year, heading for the highest annual...
Sales at Moncler slip 3% in third quarter as demand weakens globally
Date: October 30, 2024
MILAN (Reuters) -Revenues at Italian luxury outerwear maker Moncler fell 3% at constant exchange rates in the third quarter, slightly more than analysts had anticipated, with weakness spread across all its main markets. Luxury groups have been struggling with tighter consumer spending in recent quarters, especially in China. Kering last week reported a larger...
Gazprom increases 2024 investment programme by 4% to $16.9 billion
Date: October 30, 2024
MOSCOW (Reuters) – Russian energy giant Gazprom said on Tuesday it has increased its 2024 investment programme by around 4% to 1.64 trillion roubles ($16.85 billion) from 1.57 trillion roubles approved last December. Gazprom said both key gas exports and domestic supplies have been rising, allowing the company to boost estimates for sales proceeds...
Vivendi minority shareholder to appeal against proposed split project
Date: October 30, 2024
(Reuters) – Paris-based investment fund CIAM said on Tuesday it would appeal to France’s financial watchdog AMF to ensure shareholder rights are respected in Vivendi’s plan to split up, urging a public offer be launched for Vivendi shares. Vivendi’s proposal involves splitting the French media conglomerate into three separate entities — broadcasting group Canal+, advertising...
HSBC coy on cost savings of revamp as quarterly profit tops expectations
Date: October 30, 2024
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) – HSBC Holdings beat third quarter profit expectations on Tuesday thanks to rising wealth and wholesale banking revenue, but kept investors waiting for more detail on how a sweeping overhaul of its structure will deliver cost savings. HSBC announced last week that it will merge some...
PayPal’s revenue forecast fails to impress as profit push puts growth behind
Date: October 29, 2024
By Niket Nishant and Manya Saini (Reuters) -PayPal forecast fourth-quarter revenue below estimates on Tuesday as the digital payments company shifts its focus from aggressive growth to high-margin businesses, sending its shares down 5%. Efficiency became a priority for the company under CEO Alex Chriss, who since taking the helm last year has been pushing...