corporate-profits
Top StoriesDaimler Truck Q1 Sales Drop 13% as Markets Normalize
Top StoriesBritain’s Co-Op Profit Slides After Petrol Forecourt Sale
Top StoriesUBS Launches New $2bn Share Buyback
Top StoriesFlutter Forecasts 30% Earnings Jump in 2024 as US Takes Off
Global Corporate Dividends Hit Record $1.66 Trillion in 2023
Date: March 13, 2024
Global corporate dividends hit record $1.66 trillion in 2023 By Lucy Raitano LONDON (Reuters) – Corporate dividends globally hit an all-time high of $1.66 trillion in 2023, with record payouts by banks making up half of the growth, a report showed on Wednesday. On a worldwide basis, 86% of listed companies either increased dividends or...
Bpost Posts Lower 2023 Operating Profit, Does Not Provide 2024 Profit Outlook
Date: March 1, 2024
Bpost posts lower 2023 operating profit, does not provide 2024 profit outlook By Lina Golovnya (Reuters) – Belgian postal operator Bpost, which also distributes newspapers, reported a decline in full-year operating profit on Friday, and did not provide an outlook for 2024, citing “discussions with press stakeholders”. The group’s shares fell as much as 5.2%...
Hewlett Packard Enterprise Sees Downbeat Q2 Revenue on Weak Networking Solutions Demand
Date: March 1, 2024
Hewlett Packard Enterprise sees downbeat Q2 revenue on weak networking solutions demand (Reuters) – Hewlett Packard Enterprise on Thursday forecast second-quarter revenue below Wall Street estimates, as businesses scale down spending on the server maker’s technology solutions. Shares of the Spring, Texas based company fell about 3% in extended trading. An uncertain economy and high...
Aena’s 2023 Profit Soars 81% as Airport Traffic Tops pre-COVID Levels
Date: February 28, 2024
Aena’s 2023 profit soars 81% as airport traffic tops pre-COVID levels MADRID (Reuters) – Spanish airport operator Aena said on Wednesday its net profit rose 81% in 2023 to a record 1.63 billion euros ($1.76 billion) as passenger traffic surpassed pre-pandemic levels, showing a faster recovery than elsewhere in Europe. Analysts polled by LSEG expected...
Allianz Nearly Doubles Q4 Net Profit, Helped by Health and Life Business
Date: February 23, 2024
Allianz nearly doubles Q4 net profit, helped by health and life business FRANKFURT (Reuters) -Germany’s Allianz nearly doubled its fourth-quarter net profit from a year earlier, a figure that came in just slightly below expectations, figures on Friday showed. The company said that its quarterly performance was helped by its life and health insurance business,...
Basf Dials up Cost Cuts in Germany, Flags Earnings Rebound
Date: February 23, 2024
BASF dials up cost cuts in Germany, flags earnings rebound By Ludwig Burger FRANKFURT (Reuters) -Germany’s BASF will slash another 1 billion euros ($1.1 billion) in annual costs at its Ludwigshafen headquarters, citing weak demand and high energy costs in its home market, highlighting the country’s economic woes. The annual cost savings will be reached...