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Apple’s weak iPhone sales drive first profit miss since 2016
Fed rates up, BoE up, ECB up, stocks up
Date: February 2, 2023
By Marc Jones LONDON (Reuters) – Higher stock markets showed the bulls were still firmly in charge on Thursday as the European Central Bank and Bank of England followed the U.S. Federal Reserve in extending one of fastest rise in global interest rates on record. Despite the harmony of hikes, traders were holding on to...
LATAM Airlines reduces Cost Per User by 83% thanks to innovative ad technology
Date: February 2, 2023
South America’s largest carrier also reduced CO2 emissions linked to digital advertising by approximately 14 tonnes in a single campaign Adaptive streaming company SeenThis has dramatically reduced Cost Per User (CPU) for LATAM Airlines, South America’s largest airline group, while addressing the impact of digital advertising on the climate through significant carbon reductions. In 2022,...
JD Sports new CEO Schultz lays out growth plans
Date: February 2, 2023
LONDON (Reuters) – British sports fashion retailer JD Sports laid out its growth plan for the next five years, which includes adding up to 350 new stores annually, under a strategy being presented by new chief executive Régis Schultz to investors on Thursday. Schultz took over as CEO in September, following a tumultuous period that...
Meta surges on cost cut, buyback plans; lifts mega-cap stocks
Date: February 2, 2023
(Reuters) – Shares of Meta Platforms Inc soared nearly 20% in premarket trading on Thursday as the Facebook parent wooed investors with plans to rein on costs and a new $40 billion share buyback. Meta plans to cut costs in 2023 by $5 billion to between $89 billion and $95 billion compared with its earlier...
Infineon lifts full-year margin forecast, shares rise 7%
Date: February 2, 2023
By Supantha Mukherjee and Miranda Murray STOCKHOLM/BERLIN (Reuters) -Infineon, a maker of chips used in cars and data centres, on Thursday lifted its full-year profit margin forecast after reporting better-than-expected margins in the first quarter, as strong demand from carmakers led to higher prices. Shares of the German company, which gets 45% of its business...
Sterling hits 4-month low versus euro ahead of expected BoE, ECB hikes
Date: February 2, 2023
LONDON (Reuters) – The British pound slipped on Thursday to its lowest level against the euro since September as investors awaited the Bank of England and European Central Bank policy decisions later in the day. The BoE is expected to raise its main interest rate by 50 basis points, its 10th consecutive rate rise, as...