corporate-profits
Top StoriesUK’s Sainsbury’s Sales up 3%, Poor Weather Dents Non-Food Demand
Top StoriesQatar Airways Posts 39% Jump in Annual Profit to Record $1.67 Billion
Top StoriesFrench Catering Group Sodexo Lags Q3 Sales Expectations
Top StoriesUK Retailer Halfords Posts Lower Annual Profit
Prosus Full-Year Core Headline Earnings Jump 84%
Date: June 24, 2024
Prosus full-year core headline earnings jump 84% (Reuters) – Dutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong performance in e-commerce operations, it said on Monday. Its core headline earnings were $5.0 billion, compared with $2.7 billion a year earlier, the company said. “Our e-commerce...
Trafigura’s First-Half Net Profit Falls in Calmer Market
Date: June 6, 2024
Trafigura’s first-half net profit falls in calmer market By Natalie Grover LONDON (Reuters) – Trading house Trafigura posted a more than 74% drop in net profit in the first half of its 2024 financial year, the lowest since 2020 for the same period, as the extreme turbulence that defined commodity markets in recent years fizzled...
UK Discounter B&m Profit up 10%, Boosted by New Store Openings
Date: June 5, 2024
UK discounter B&M profit up 10%, boosted by new store openings LONDON (Reuters) – British discount chain B&M on Wednesday met expectations with a 9.7% rise in full-year profit, reflecting a similar rise in revenue that was boosted by 78 new store openings. The FTSE 100 retailer, which sells everything from garden furniture and electrical...
Zara Owner Inditex Reports Slowing Quarterly Sales Growth
Date: June 5, 2024
Zara owner Inditex reports slowing quarterly sales growth MADRID (Reuters) -Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts’ expectations. The performance represented a slowdown from a year ago when it benefited from a post-pandemic shopping spree. Inditex, which also...
London Stocks Down as Energy Stocks Drag
Date: June 4, 2024
London stocks down as energy stocks drag By Pranav Kashyap (Reuters) – London stocks moved lower on Tuesday as investors assessed the chance of an earlier U.S. rate cut against a backdrop of faltering manufacturing activity that could hurt corporate profits, while energy stocks added to losses. The blue-chip FTSE 100 index and the mid-cap...
Engie Q1 Profit Drops on Warmer Winter, Steady Market
Date: May 17, 2024
Engie Q1 profit drops on warmer winter, steady market By America Hernandez PARIS (Reuters) – French energy company Engie said on Friday first-quarter earnings fell 3.2% as a warmer than usual winter depressed demand for natural gas and price volatility eased. The company, which produces, transports and sells gas and electricity, said earnings before interest...