corporate-profits
Top StoriesThg Rejects ‘numerous’ Approaches, Warns on Profit This Year
InvestingFinancial Stocks Lift FTSE 100 Higher; Resource Stocks Cap Gains
InvestingEarnings Boost Wall Street While Growth Fears Sink Oil
InvestingEarnings Boost Wall Street While Growth Fears Sink Oil
UK Executives Expect High Inflation to Squeeze Profits – Deloitte
Date: April 19, 2022
By David Milliken LONDON (Reuters) – More than seven out of 10 chief financial officers (CFOs) at Britain’s biggest companies expect high inflation to reduce their profit margins, and few see the Bank of England getting inflation under control in the next couple of years. A quarterly survey from accountants Deloitte showed a record 98%...
Wall Street Up, Treasuries Surge as Investors Eye Earnings, Global Growth
Date: April 18, 2022
By Pete Schroeder WASHINGTON (Reuters) – Wall Street opened higher Monday while U.S. Treasury yields hit three-year highs as investors eyed corporate earnings and what Russia’s invasion of Ukraine could mean for global growth. A significant cut to global growth expectations from the World Bank, paired with March weakness in China’s latest economic numbers injected...
Greece to Review Energy Firms’ Financials for Possible Windfall Profits
Date: March 23, 2022
ATHENS (Reuters) – Greece will review the financials of its energy firms and tax any windfall profits made from soaring energy prices since last year, Prime Minister Kyriakos Mitsotakis said on Wednesday. European gas prices soared to record levels last year and have remained high amid concerns over supply disruptions after Russia – Europe’s top...
France’s Edf Warns on Outlook Blaming Price Caps, Lower Nuclear Output
Date: March 14, 2022
By Tassilo Hummel and Dominique Vidalon PARIS (Reuters) -French power utility EDF on Monday again warned on its 2022 profit outlook, saying it could miss its financial targets because it was required to sell power at below-market prices and due to lower nuclear output. State-controlled EDF, whose shares fell as much as 3%, now sees...
Ge Reaffirms 2022 Earnings Forecast Despite Challenges
Date: March 10, 2022
By Rajesh Kumar Singh GREENVILLE, S.C. (Reuters) -General Electric Co on Thursday reiterated its 2022 earnings forecast despite inflationary and supply-chain challenges. Ahead of an in-person investor meeting, the Boston-based industrial conglomerate said it expects to post high-single-digit revenue growth this year on the back of a more than 20% increase in aviation revenue. Adjusted...
Ad Group Wpp Posts 12.1% Sales Growth as Clients Spend on Recovery
Date: February 24, 2022
By Kate Holton LONDON (Reuters) -WPP, the world’s largest advertising group, said client demand for campaigns to justify price rises and maintain their recovery from the pandemic would enable it to grow above historic levels and return more cash to investors. The owner of the Ogilvy, Grey and GroupM agencies surpassed forecasts for its main...