corporate-profits
FinanceBritain’s Ao World Raises Annual Profit Outlook After First-Half Rise
BusinessCaterer Compass Group Forecasts Slower-Than-Expected Growth in 2025 Profit
BankingItalian Firms’ Profitability Could Fall as Growth Slows, Central Bank Says
BusinessUK’s Jd Sports Says Discounting, Cautious Consumer to Dent Profit
Tereos Warns of More Trouble Ahead After Low Sugar Prices Cut H1 Results
Date: November 20, 2024
By Sybille de La Hamaide PARIS (Reuters) – French group Tereos, one of the world’s largest sugar makers, on Wednesday reported an 18% drop in its first-half net profit, pressured by a fall in sugar and sweeteners prices, and warned of a further decline in the second part of its fiscal year. The group’s net...
Tobacco Firm Imperial Brands’ Fy Profit Beats Forecasts
Date: November 19, 2024
LONDON (Reuters) – Cigarette maker Imperial Brands on Tuesday reported a 4.6% rise in adjusted operating profit, surpassing analyst expectations. (Reporting by Emma Rumney, Editing by Louise Heavens)...
Portugal Airline TAP’s Profit Drops on Forex Losses, Higher Wage Costs
Date: November 18, 2024
LISBON (Reuters) – Portugal’s flag carrier TAP reported a 35% slump in third-quarter net profit on Monday to 118 million euros ($124 million), hurt by foreign exchange losses and a big jump in wage costs. Operating costs rose 6.5% at the airline, which is slated for privatisation, to 1.05 billion euros. That was driven by...
Gkn Aerospace Owner Melrose Posts 7% Rise in Four-Month Revenue
Date: November 18, 2024
(Reuters) – Melrose Industries, the owner of aerospace parts maker GKN Aerospace, reported a 7% rise in revenue for the four-month period ended Oct. 31, helped by strength in its aftermarket business. Melrose, which spun off its auto and other businesses last year to become a pure-play aerospace supplier, said its adjusted operating profit continued...
Vivendi Sees Canal+, Havas 2024 Revenue Growth Broadly Stable
Date: November 18, 2024
(Reuters) – French media group Vivendi on Monday announced guidance ahead of a market day for Canal+ and Havas, businesses it plans to spin off as part of the group’s project to split up. Vivendi expects the two units to record full-year revenue growth broadly in line with that of 2023, with organic net revenue...
European Shares End Lower on US Rate, Trump Jitters
Date: November 16, 2024
By Shashwat Chauhan (Reuters) -Europen shares slipped on Friday, weighed down by disappointing earnings, concerns about the impact of U.S. President-elect Donald Trump’s policies on global economies and businesses and a jump in Treasury yields. The pan-European STOXX 600 index dropped 0.8%, trading just above a three-month low hit earlier this week. U.S. stocks also...