corporate-profits
Top StoriesEuropean Shares Hit Over One-Week Low as Recession Worries Weigh
Top StoriesTotalEnergies Accelerates Refinery Wage Talks as Fuel Supply Shrinks
Top StoriesMiners Drag FTSE 100 Lower Ahead of U.S. Jobs Data
Top StoriesUK Pub Operator Wetherspoon’s Loss Narrows Despite Higher Costs
London Stocks Slide After Three-Day Rally; Tesco Falls on Forecast Cut
Date: October 5, 2022
By Johann M Cherian (Reuters) – UK shares snapped a three-session winning streak on Wednesday, dragged down by financials and miners, while Tesco’s profit forecast fanned worries of a worsening cost-of-living crisis in Britain and rattled the retail sector. The export-oriented FTSE 100 was off 1.1%, while the more domestically oriented FTSE 250 was down...
Bonduelle’s Profits Fall as Droughts, Supply Crunch Weigh
Date: October 3, 2022
By Diana Mandia (Reuters) -French plant-based food company Bonduelle reported lower annual profits on Monday, hit by the COVID-19 crisis, bad crops, supply chain disruption and rising inflation. Shares of the group, which provides canned, frozen and fresh processed vegetables as well as ready-to-eat dishes, fell 9% to 10.30 euros in early trade, the lowest...
H&m to Cut Costs as Profits Hit by Inflation, Cautious Shoppers
Date: September 29, 2022
By Anna Ringstrom STOCKHOLM (Reuters) – H&M, the world’s No.2 fashion retailer, launched a 2 billion Swedish crown ($177 million) cost savings drive on Thursday after reporting weaker-than-expected profits due to soaring input costs, slowing consumer spending and its exit from Russia. In Europe, where H&M does the bulk of its business, the Ukraine conflict,...
Morrisons’ Quarterly Earnings Halved Amid UK Consumer Crunch
Date: September 28, 2022
LONDON (Reuters) – British supermarket group Morrisons on Wednesday reported a halving of its third-quarter core earnings as underlying sales fell 3.1% against the backdrop of a cost of living squeeze. The group, which has been owned by U.S. private equity firm Clayton, Dubilier & Rice for almost a year, said core earnings were 177...
Starbucks Projects Profit Growth From Tech, Stores, Workers Spending
Date: September 14, 2022
By Hilary Russ SEATTLE (Reuters) -Starbucks Corp projects profits to grow between 15% to 20% per share over the next three years, a significant increase from previous guidance based on spending plans of $2.5 to $3 billion over the same period on technology, new stores and renovations, the coffee chain said on Tuesday. The company...
Electrolux Flags Cost Cuts, Warns on Profit as Inflation Squeezes Demand
Date: September 12, 2022
By Marie Mannes COPENHAGEN (Reuters) -Sweden’s Electrolux on Monday announced plans to cut costs and warned its profit would drop as high inflation and low consumer confidence squeezed demand for its home appliances, while large investments in North America had yet to pay off. Demand for appliances in Europe and the United States decreased at...