Investing
Investing
Commerzbank Profit Drops; Shares Tumble as 2024 Forecasts Disappoint
Investing
European Shares Ease From Eight-Week Highs as U.S. Midterm Results Pour In
Investing
Wall Street Advances, Treasury Yields Dip as U.S. Votes
Investing
The Role of the Independent Valuer to Avoid Protracted Disputes
Nintendo Lifts Profit Guidance on Weaker Yen, Sees Slower Console Sales
Date: November 8, 2022
By Kiyoshi Takenaka TOKYO (Reuters) -Japanese videogame maker Nintendo Co Ltd cut its full-year Switch sales projection by nearly 10% after microchip shortages constrained console production, but raised its annual net profit forecast, thanks to a softer yen. Nintendo, which earns about 80% of its revenues overseas, expects net profit of 400 billion yen ($2.73...
Factbox-Renault Unveils Big Overhaul in Drive to Boost Profits
Date: November 8, 2022
PARIS (Reuters) – French carmaker Renault on Tuesday announced a big overhaul to split its operations into five businesses, deepen ties with China’s Geely and list its electric vehicle unit on the market from next year. Here are the main planks and financial targets unveiled in a strategy presentation to investors. FIVE BUSINESSES: Renault will...
UK’s Persimmon Signals Margin Hit Amid House Price Fall
Date: November 8, 2022
(Reuters) – Persimmon, Britain’s second-largest housebuilder, warned on 2023 profit margins on Tuesday, after house prices deteriorated and its sales rate slipped, as the political and economic turmoil in the country and a deepening cost-of-living crisis weighed on sentiment. Persimmon shares fell more than 7% in early trade and the company’s warning also dragged stocks...
FTSE 100 Drops as Commodity-Linked Stocks Weigh; Persimmon Tumbles
Date: November 8, 2022
By Johann M Cherian (Reuters) – The FTSE 100 index fell on Tuesday, dragged down by commodity-linked stocks on worries of softening demand from China, while Britain’s second-largest housebuilder Persimmon tumbled as it warned of a hit to annual profit margins. The export-oriented FTSE 100 fell 0.2% by 0940 GMT, with a 5.6% slide in...
European Shares Rangebound With All Eyes on U.S. Midterms
Date: November 8, 2022
By Shreyashi Sanyal (Reuters) -European shares traded in a tight range on Tuesday as investors focussed on U.S. midterm elections that will determine control of Congress, while Danish jewellery maker Pandora jumped after reporting quarterly sales above expectations. The STOXX 600 index edged 0.1% lower by 0905 GMT, trading in a range of 416.35 points...
The Path to Net Zero: Significant Investment, Actionable Strategies and Long-Term Commitment
Date: November 7, 2022
By Jonathan Hick, Investment Director at Triple Point It is no secret that the energy crisis is set to worsen as winter approaches, with Putin likely to further reduce gas and oil exports to Europe. The war has exposed Europe’s dependence on Russia for its energy needs and has reinforced why the UK must become...