corporate-profits
Top StoriesTotalEnergies, Cma Cgm Agree to Cut Prices to Help French Consumers
Top StoriesBig Oil Set to Open Cash Taps With Another Record Quarter
Top StoriesArmani Revenues up 20% in H1 After 2021 Recovery
Top StoriesTruck Maker Volvo Posts Profit Beat Despite Lingering Supply Chain Issues
Exclusive-Shell Wants to Share More of Its Blockbuster Profits, CEO Says
Date: July 14, 2022
By Ron Bousso OXFORD, England (Reuters) – Shell is considering boosting shareholder returns on the back of bumper profits from soaring energy prices, while the extra cash will also help it shift more swiftly towards renewables and low-carbon energy, the chief executive said on Thursday. Europe’s largest oil and gas company, as well as rivals...
UK’s Barratt Misses Home Completion Target, Shares Tumble
Date: July 14, 2022
By Aby Jose Koilparambil (Reuters) -Barratt reported fewer home completions than expected for fiscal 2022, sending shares in Britain’s largest homebuilder down 4% on Thursday despite a profit forecast slightly above estimates. The sector has faced sharp rises in energy prices and building materials such as steel as well as along with supply chain constraints...
Weekly Economic Update: Economics Trumps Politics
Date: July 11, 2022
By Rupert Thompson, Investment Strategist at Kingswood Global equities last week regained their losses of the previous week, gaining 1.9% in local currency terms. However, they have opened lower today. Markets are fluctuating as worries of a fall into recession ebb and flow and look set to remain volatile as this debate has some way...
Investors Fear Earnings Season Will Spark New Equities Selloff
Date: July 8, 2022
By Danilo Masoni and Medha Singh MILAN (Reuters) – The upcoming corporate earnings season could prompt another sharp fall in global share prices with profit forecasts looking far too upbeat given mounting recession risks, investors and analysts warn. After shedding more than $20 trillion in value since hitting record highs in January, world stocks are...
European Shares Fall as Strike in Norway Fuels Fears of Energy Crisis
Date: July 5, 2022
By Devik Jain (Reuters) – European stocks fell on Tuesday as a strike by Norwegian oil and gas workers exacerbated worries about an energy shock in Europe and added to concerns over red-hot inflation. The continent-wide STOXX 600 index was down 0.4%. It gave up the opening gains, which were powered by positive economic data...
Glencore Forecasts More Than $3.2 Billion in Interim Trading Division Profit
Date: June 17, 2022
LONDON (Reuters) -Miner and trader Glencore on Friday forecast its trading division’s half-year adjusted operating profit would exceed $3.2 billion, the top end of its long-term annual outlook range, boosted by soaring prices amid supply disruptions. Prices for much of what Glencore mines, including thermal coal used to generate electricity, have reached record highs, reflecting...