corporate-profits
Top StoriesAXA’s Shares Surge as Insurer Unveils Share Buyback and Higher H1 Profits
Top StoriesUber Turns Cash Flow Positive for the First Time in Bumper Quarter
Top StoriesGenerali Confirms Targets as Life Business Lifts Profits
Top StoriesAustria’s RBI Sees Big Profit Gains in Russia and Belarus
Bumper Earnings From Bp Help Steady FTSE 100
Date: August 2, 2022
By Sruthi Shankar (Reuters) -UK’s blue-chip index edged higher on Tuesday, as strong results from oil major BP helped counter worries in global markets due to a flare-up in U.S.-China tensions. The FTSE 100 erased opening losses to edge up 0.2%. Other main European indexes slid on worries that a visit by U.S. House of...
Maersk Sees Global Supply Chain Woes for Longer; Lifts 2022 Guidance
Date: August 2, 2022
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected. The shipping industry has seen record profits in recent quarters due to a surge in consumer demand and pandemic-related...
Generali Confirms Targets as Life Business Lifts Profits
Date: August 2, 2022
By Gianluca Semeraro MILAN (Reuters) -Italy’s top insurer Assicurazioni Generali said on Tuesday it would increase prices to keep up with rising costs, and maintained its financial targets after a strong life business helped it beat first-half earnings expectations. Generali, which on Wednesday will kick off its first share buyback in 15 years, reported a...
Domino’s UK Franchisee Reports Lower Profit as Costs Bite
Date: August 2, 2022
(Reuters) -Britain’s Domino’s Pizza Group Plc reported a 16% fall in first-half pretax profit on Tuesday due to rising costs and food inflation, and said it would increase its media spend in the second half to lure more customers. The conflict between Russia and Ukraine, two major wheat exporters, has fuelled supply concerns in the...
Bouygues Raises Telecoms Target After Beating Profit Expectations
Date: August 2, 2022
(Reuters) -French conglomerate Bouygues reported better than expected first-half core profit on Tuesday and raised its telecoms division’s targets for the full year. The construction, telecoms and media group posted current operating profit – operating profit excluding exceptional costs mainly related to merger and acquisition activity – of 492 million euros ($505 million) for the...
U.S. Majors Exxon, Chevron Post Blowout Earnings, Ramp up Buybacks
Date: July 29, 2022
By Sabrina Valle (Reuters) – The two largest U.S. oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier. The U.S. pair, along with UK-based Shell and France’s TotalEnergies, combined to earn nearly...