corporate-profits
Top StoriesTod’s Sales Rise 17% in First Half of Year
Top StoriesRussia’s Gazprom Expects Increase in 2022 Revenue
Top StoriesChina July Industrial Profits Down as Covid Curbs, Heatwaves Hit
Top StoriesCommodity Broker Marex Confident on Full Year After Strong First Half
UK Electricals Retailer Ao World’s Annual Profit Slumps on Higher Costs
Date: August 18, 2022
(Reuters) -British online electricals retailer AO World posted an 87% slump in annual profit on Thursday, as supply chain snags and higher labour and marketing costs squeezed earnings and inflation-hit consumers reined in spending. The company said its trading had been broadly in line with expectations in the first quarter of the 2023 financial year,...
Soccer-European Revenues Rise 10% in 2020-21 Despite Covid
Date: August 18, 2022
LONDON (Reuters) – European soccer revenues grew by 10% in the 2020-21 season despite most an almost total lack of fans in stadiums, according to a report published on Thursday. The season was like no other with the COVID-19 pandemic curtailing virtually all matchday income, but Deloitte’s Annual Review of Football Finance showed the industry...
China’s Tencent Reports First Revenue Drop as Gaming Regulations and COVID-19 Bite
Date: August 17, 2022
By Josh Ye HONG KONG (Reuters) -China’s Tencent Holdings suffered its first ever quarterly sales fall on Wednesday, hurt by a government clampdown on game approvals and playing time as well as COVID-19 lockdowns and a weakening economy that squeezed ad sales. The contraction marks a nadir for the gaming giant and owner of the...
Analysis-As Earnings Support U.S. Stock Rebound, Worries Over Future Profits Grow
Date: August 17, 2022
By Lewis Krauskopf NEW YORK (Reuters) – Stronger-than-expected corporate earnings have helped fuel the rebound for U.S. stocks but some investors are pointing to potential risks ahead for profits that could sap the market’s momentum. With the vast majority of S&P 500 companies reported, second-quarter earnings are expected to have climbed 9.7% from a year...
Explainer-How Could the New U.S. Corporate Minimum Tax Affect Companies?
Date: August 12, 2022
By Rose Horowitch and David Lawder (Reuters) – The main revenue source in the new U.S. tax, climate and drugs bill is a novel 15% corporate minimum tax aimed at stopping large, profitable companies from gaming the Internal Revenue Service code and slashing their tax bills to zero. The U.S. House of Representatives was scheduled...
UK’s Truss Says Energy Firm Profit Is Not Evil as Bill Forecasts Soar
Date: August 12, 2022
By William James and Susanna Twidale LONDON (Reuters) -British leadership candidate Liz Truss, the front-runner to become prime minister, said that while energy giants should be held to account their profits should not be seen as either dirty or evil. Her comments came as analysts forecast a cap on the most widely used household energy...