corporate-profits
InvestingLondon stocks rise in holiday-shortened session; Vistry drops on profit warning
Top StoriesAnalysis-US stocks face headwind from rising yields after Fed signals fewer rate cuts
FinanceHolcim completes $1.1 billion share buyback
BusinessUpper Crust owner SSP targets European profit margin boost, shares jump
Hapag-Lloyd expects lower profitability in fourth quarter
Date: December 2, 2024
(Reuters) – Hapag-Lloyd expects lower profitability in the fourth quarter but still at a “good level”, after freight rates peaked in the third quarter, Rolf Habben Jansen, the CEO of the German shipping company, said at a press conference on Monday. Habben Jansen also expects disruptions in the Red Sea linked to Houthi militants to...
Prosus nearly doubles profit in H1 on strong e-commerce, Tencent growth
Date: December 2, 2024
JOHANNESBURG (Reuters) – Dutch technology investor Prosus NV reported on Monday an 89.5% jump in core headline earnings during its half year, driven by accelerated growth and improved profitability of its e-commerce businesses and China’s Tencent. Prosus, majority-owned by South Africa’s Naspers, said core headline earnings per share (HEPS) from continuing operations rose to 144...
Trump’s tariffs could cost carmakers up to 17% of combined core profits, S&P says
Date: November 29, 2024
(Reuters) – European and American carmakers are set to lose up to 17% of their combined annual core profits if the U.S. imposes import tariffs on Europe, Mexico and Canada, S&P Global said in a report on Friday, warning of potential credit downgrades. Premium automakers Volvo and Jaguar Land Rover, who mostly produce in Europe,...
Germany’s Uniper raises 2024 outlook after disputes settlement
Date: November 28, 2024
(Reuters) -German state-owned utility Uniper raised its full year 2024 adjusted EBITDA outlook on Wednesday to a range of 2.5 billion euros ($2.64 billion) to 2.8 billion euros due to the settlement of legal disputes. Settling the legal disputes will release funds that were set aside for this purpose, which will show in the fourth-quarter...
France’s CAC 40 drops 1% on budget angst, European auto stocks struggle
Date: November 27, 2024
By Joao Manuel Vicente Mauricio and Ankika Biswas (Reuters) -French stocks dropped to an over three-month low on Wednesday, knocked down by investor dread over the new government and its budget, while continued worries over the impact of Trump’s proposed tariffs kept European automobile stocks under pressure. The pan-European STOXX 600 was down 0.3% as...
EasyJet reports weaker annual profit, looks positively towards 2025
Date: November 27, 2024
By Joanna Plucinska and Yadarisa Shabong LONDON (Reuters) -EasyJet said on Wednesday that it expects its capacity to increase by 3% in fiscal 2025 after reporting a smaller-than-expected annual operating profit due to disruptions from the ongoing conflict in the Middle East. European airlines, such as Lufthansa and Air France-KLM, have struggled this year to...