corporate-profits
Top StoriesAluminium Giant Rusal’s First-Half Profit Jumps 42% on Strong Prices, Deliveries
TechnologyHp Forecasts Downbeat Profit as Weak Pc Market, Competition Weigh
BankingPoland’s Top Lender Pko Bp Q2 Profit Quadruples on Core Business, Low Provisions
Top StoriesMorning Bid: US Clears Inflation Decks, Nz Cut Surprises
Supermarket Group Ahold Delhaize Posts Q2 Margin Beat
Date: August 7, 2024
By Stephanie Hamel and Charlotte Eugenie Yvette Bawol (Reuters) -Supermarket group Ahold Delhaize beat second-quarter core profit margin expectations on Wednesday, supported by solid sales in its U.S. and European markets and cost control. The group, which operates the Stop & Shop, Giant, Food Lion and Hannaford chains in the U.S. and the Albert...
Bottler Coca-Cola Hbc Raises 2024 Revenue and Operating Profit Forecasts
Date: August 7, 2024
(Reuters) – Bottler Coca-Cola HBC boosted its annual operating profit and revenue forecast on Wednesday, as the Swiss group posted higher first-half revenue, helped by its measures to mitigate the impact of high inflation and currency fluctuations. Demand for packaged beverages and food has stayed resilient, even as companies hiked prices to pass on...
Siemens Energy Raises Free Cash Flow Outlook After Solid Q3
Date: August 7, 2024
FRANKFURT (Reuters) -Siemens Energy on Wednesday raised its free cash flow outlook for the second time in three months, citing stronger demand for its power grid technology and gas turbines that helped it report higher-than-expected quarterly revenues. The company, which provides equipment and services to the utility sector, is recovering from a crisis at...
Europe’s Stoxx 600 Edges up in Global Recovery, Earnings Relief
Date: August 6, 2024
By Pranav Kashyap and Ankika Biswas (Reuters) -European shares rose on Tuesday, mirroring a recovery in global markets after the previous day’s mauling, with energy and technology stocks leading the way as a slew of upbeat corporate earnings also lifted sentiment. The STOXX 600 closed 0.3% higher, after logging its steepest three-day decline since June...
Honeywell Automation India’s Q1 Profit Jumps on Order Execution
Date: August 5, 2024
BENGALURU (Reuters) – Engineering firm Honeywell Automation reported higher first-quarter profit on Monday, aided by execution of existing orders. The Indian unit of U.S.-based Honeywell International reported a profit of 1.37 billion rupees (around $16 million), compared to 1.03 billion rupees a year ago. Execution of legacy projects and stable costs helped boost earnings...
Aero Parts Supplier Senior’s H1 Profit Rises on Strong Demand
Date: August 5, 2024
(Reuters) -British aerospace engineer Senior Plc posted a 10% rise in its first-half profit on Monday, buoyed by demand for commercial aircraft and higher defence spending. Senior, an aero parts supplier to Boeing and Airbus, reported adjusted operating profit of 25.1 million pounds ($31.9 million), up from 22.9 million pounds last year. Aerospace and...