corporate-profits
Top StoriesAnglo American Slashes Dividend After Earnings Dive
Top StoriesArcelorMittal Profit Beats Expectations, but Sees Rising Risks
Top StoriesRepsol Profit Doubles on Soaring Oil Prices but Refining Weighs
Top StoriesOmv More Than Doubles Q2 Core Earnings on Soaring Gas Prices
Earnings Enliven Recession-Focused Markets Ahead of Fed Meeting
Date: July 27, 2022
By Sinéad Carew and Sujata Rao NEW YORK/LONDON (Reuters) – Wall Street shares gained ground on Wednesday after reassuring earnings reports and guidance from big U.S. companies, while bond yields fell and the dollar rose ahead of an expected Federal Reserve rate increase. Oil futures rose after a report of lower inventories in the United...
Rio Tinto Slashes Dividend as Profits Take a Hit; Shares Tumble
Date: July 27, 2022
By Clara Denina, Sameer Manekar and Shashwat Awasthi LONDON (Reuters) – Rio Tinto reported a 29% drop in first-half profit and more than halved its dividend on Wednesday, as weaker iron ore prices due to cooling demand from top consumer China, higher costs and labour shortages hurt the global miner. It is still the company’s...
Buoyant Company Earnings Enliven Recession-Focused Markets
Date: July 27, 2022
By Sujata Rao LONDON (Reuters) – Better-than-expected earnings from a raft of U.S. and European companies helped steady global stock markets on Wednesday, cutting through gloom caused by rising interest rates and the threat of an energy crunch due to Russian gas supply cuts. Ten-year U.S. Treasury bond yields – the reference rate for the...
Europe’s Banks Flash Some Good News but Downbeat on Economy
Date: July 27, 2022
By Tom Sims and Sinead Cruise FRANKFURT/LONDON (Reuters) – European banks this week offered flashes of surprisingly good news on profits, but some executives spoke of a bleak outlook for the rest of the year amid raging inflation, war and energy shortages. Deutsche Bank, the German lender in Europe’s largest economy, reported on Wednesday larger-than-expected...
Spanish Airport Group Aena Back in Black Despite Energy Costs
Date: July 27, 2022
MADRID (Reuters) -Spanish airport operator Aena returned to profit in the first half of this year after pandemic-related travel restrictions plunged it into the red for two years, though soaring energy costs hampered the recovery. The company made a net profit of 164 million euros ($166 million) in the period compared with a net loss...
Steel Pipemaker Vallourec Expects Full-Year Core Profit Jump
Date: July 27, 2022
By Elena Vardon (Reuters) – Vallourec expects a big jump in 2022 core profit to between 650 million and 750 million euros ($659-$760 million), the French steel pipemaker said on Wednesday, even though its iron ore mine in Brazil is not operating at full capacity. Its previous guidance was for a result “significantly above” 2021...