corporate-profits
Top StoriesEni Lifts Investor Rewards After Net Profit Jumps
Top StoriesSignify Sees Dimmer Profit Margins as Inflation and Supply Chains Weig
Top StoriesUtility Engie Prepared for Less Russian Gas as Profits Surge
Top StoriesBNP Paribas Profit Beats Estimate as Bad Loan Provisions Dip
BlackRock’s Li Says Market Too Optimistic on European Earnings
Date: July 28, 2022
By Lucy Raitano LONDON (Reuters) – Financial markets are too optimistic on the outlook for European earnings, given growing recession risks exacerbated by an energy crisis, BlackRock Investment Institute’s global chief investment strategist said on Thursday. European equities are trading around a seven-week high at the height of earnings season, but the outlook is darkening...
Anglo American Cuts Dividend as Inflation, Extreme Weather Erode Earnings
Date: July 28, 2022
By Clara Denina and Helen Reid LONDON (Reuters) -Global miner Anglo American cut payouts to shareholders after higher costs and lower production, in part because of extreme weather, reduced first-half earnings by just over a quarter versus a year ago. Anglo joined rival miners, including Rio Tinto and Freeport-McMoRan, in reporting lower profits, and said...
Buyback Disappointment Takes Shine Off TotalEnergies’ Q2 Profits
Date: July 28, 2022
PARIS (Reuters) -TotalEnergies posted a surge in second-quarter profits, joining others in its sector that have benefited from higher energy prices, although its shares fell as its stock buyback plans disappointed some analysts and investors. Adjusted net income nearly trebled from a year ago to $9.8 billion, as the company cashed in on a rise...
Nestle Raises Growth Outlook, Eyes Consumer Reaction to Price Hikes
Date: July 28, 2022
By Silke Koltrowitz ZURICH (Reuters) -Nestle warned on Thursday that price hikes could eventually weigh on sales volumes for the maker of Cheerios cereals, Kit Kat bars and Nescafe as it raised its full-year sales growth forecast to 7-8% and trimmed its margin guidance. Cost inflation hurt the world’s biggest food group less than expected...
Shell Smashes Record Again With $11.5 Billion Profit
Date: July 28, 2022
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell on Thursday reported a second quarter profit of $11.5 billion, smashing its previous record just three months earlier, lifted by a tripling of refining profits and strong gas trading. The company also announced a share buyback programme of $6 billion for the current quarter, but...
UK’s National Express Posts Jump in Half-Year Profit as Summer Travel Revives
Date: July 28, 2022
(Reuters) -British transport firm National Express Group on Thursday reported a surge in its half-year profit on the back of rebound in summer travel demand from a slump during the coronavirus-led lockdowns last year. London-listed shares in the school bus and coach operator jumped 8.5% to 194.2 pence in early trading. From people wary of...