corporate-profits
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UBS Shares Drop as Q2 Disappointment Flags Challenging Rest of Year
Date: July 26, 2022
By Oliver Hirt and Tom Sims ZURICH (Reuters) – UBS posted a smaller-than-expected quarterly profit as turmoil in financial markets hurt its investment banking and wealth management businesses, with some analysts predicting the Swiss bank will see harsh conditions in the second half. The Zurich-based bank kicks off a round of earnings by major lenders...
Britain’s Drax Half-Year Profit Jumps on High Prices and Demand
Date: July 26, 2022
By Susanna Twidale LONDON (Reuters) -Drax Group reported a rise in half-year profit on Tuesday, as the British power generator benefited from high electricity prices and strong demand for renewable power amid surging gas prices across Europe. British electricity prices have soared over the past year, pushed higher by record high gas prices following Russia’s...
Ryanair Eyes Return to pre-COVID Profit but Recovery ‘fragile’
Date: July 25, 2022
By Conor Humphries DUBLIN (Reuters) – Ryanair expects to return to pre-COVID profit levels this year or next but the recovery remains fragile and could still be knocked off course by oil prices, geopolitics or an Omicron wave, Chief Executive Michael O’Leary said on Monday. O’Leary was speaking after his airline, Europe’s largest by passenger...
Ryanair Unsure of Return to pre-COVID Profit This Year, Tops Q1 Estimates
Date: July 25, 2022
By Conor Humphries DUBLIN (Reuters) -Ryanair on Monday said a return to pre-COVID levels of profitability this year was not certain even as it topped first-quarter estimates in what Chief Executive Michael O’Leary described as “a very strong but still fragile recovery”. The after-tax profit of 170 million euros ($174 million) for the quarter ended...
Kuehne + Nagel’s Quarterly Earnings Rise Despite Volatile Supply Chains
Date: July 25, 2022
(Reuters) – Swiss logistics group Kuehne & Nagel International on Monday reported a 79% rise in its second-quarter net profit, citing growth in all business units despite volatile supply chains. Net profit in the April-June period came in at 796 million Swiss francs ($827 million), up from 446 million a year ago, while operating profit...
Norsk Hydro Offers Extra Dividend, Buybacks Despite Uncertainty Ahead
Date: July 22, 2022
By Gwladys Fouche OSLO (Reuters) -Aluminium maker Norsk Hydro proposed an extra dividend and offered share buybacks as it reported quarterly profit that met expectations, sending its shares higher on Friday despite warning of uncertainty amid threats of gas rationing in Europe. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 11.6 billion...