corporate-profits
Top StoriesThyssenkrupp Raises Sales Forecast, Cuts Free Cash Flow Outlook
Top StoriesTravel Demand Helps Fraport’s Q1 Sales but War Hurts Profits
Top StoriesCoty Lifts Annual Profit Forecast on Resilient Demand for Luxury Cosmetics
Top StoriesAmadeus Profit Takes Off in First Quarter as Air Travel Recovers
ING Misses Q1 Profit Estimates as Russia Provisions Hit Earnings
Date: May 6, 2022
By Toby Sterling AMSTERDAM (Reuters) -ING Groep NV, the largest Dutch bank, reported on Friday a worse-than-expected quarterly net income of 429 million euros ($452 million), including a surge in provisions for bad loans due to its exposure in Russia and Ukraine. Analysts had forecast first-quarter net income at 679 million euros, according to Refinitiv...
Stainless Steel Maker Outokumpu Shares up More Than 6% on Strong Q1
Date: May 5, 2022
HELSINKI (Reuters) -Finnish stainless steel maker Outokumpu saw its shares soar more than 6% on Thursday after reporting stronger-than-expected quarterly profits, boosted by higher prices for stainless steel and ferrochrome. The company said it expects the strong performance to continue in the second quarter, seeing a further rise in its adjusted earnings from the first...
Chemicals Group Lanxess Says Russian Gas Embargo Would Hit Profit
Date: May 5, 2022
By David Latona (Reuters) -German speciality chemicals maker Lanxess on Thursday said a potential embargo on Russian gas would weigh on its production and core profit this year, after releasing upbeat guidance for the current quarter. The Cologne-based group said a complete freeze on Russian gas imports would have an estimated direct negative effect of...
European Stocks Rally on Fed Relief, Encouraging Earnings
Date: May 5, 2022
By Sruthi Shankar (Reuters) -European stocks climbed on Thursday, riding a global stock markets rally after the Federal Reserve raised interest rates as expected but cooled aggressive tightening expectations, with sentiment lifted further by a slew of upbeat earnings. The pan-European STOXX 600 index advanced 1%, with battered technology stocks leading the gains, followed by...
Global Rally Lifts UK Shares Over 1% Ahead of BoE Decision
Date: May 5, 2022
By Bansari Mayur Kamdar (Reuters) – UK shares rose on Thursday after the U.S. Federal Reserve’s widely expected rate hike triggered a relief rally in global markets, with investor focus now on the Bank of England’s meeting amid concerns over Britain’s cost-of-living crisis. The Bank of England looks poised to raise interest rates later in...
Ab InBev Sells More Beer, Consumers Swallow Higher Prices
Date: May 5, 2022
By Philip Blenkinsop BRUSSELS (Reuters) – Anheuser-Busch InBev reported higher than expected earnings in the first quarter on Thursday, as consumers bought more of its beer and accepted higher prices, prompting it to repeat its outlook for growth this year. The world’s largest brewer said earnings before interest, tax, depreciation and amortisation (EBITDA) would rise...