corporate-profits
Top StoriesUK’s M&s Cautious on 2024 Outlook After First-Half Profit Beats Expectations
BusinessUK Clothing Retailer Next Raises Profit Outlook Again
Top StoriesEurope Inc Warns Business Is Tough on Home Turf
Top StoriesPrice Rises Slow, but Unilever and Others Struggle to Win Shoppers Back
Stocks Struggle as Treasury Yields Linger Near 5% After Strong U.S. Growth Data
Date: October 26, 2023
Stocks struggle as Treasury yields linger near 5% after strong U.S. growth data By Lawrence Delevingne and Alun John (Reuters) -U.S. Treasury yields were back near 5% on Thursday, reinforced by above-expectation U.S. GDP data, dragging shares around the world to multi-month lows in the middle of a busy corporate earnings week. The U.S. economy...
Stocks Struggle as Soft Earnings Compound Interest Rate Headache
Date: October 25, 2023
Stocks struggle as soft earnings compound interest rate headache By Lawrence Delevingne and Amanda Cooper (Reuters) -Stocks slipped on Wednesday after the latest round of earnings prompted concern among investors over the economic outlook, adding to the angst over painfully high interest rates, while benchmark U.S. Treasury yields and the dollar ticked up. Weighing on...
Coca-Cola Lifts Forecasts as Earnings Sparkle on Higher Prices, Steady Demand
Date: October 24, 2023
Coca-Cola lifts forecasts as earnings sparkle on higher prices, steady demand By Ananya Mariam Rajesh (Reuters) – Coca-Cola Co on Tuesday raised its annual sales and profit forecasts for a second time this year, riding on resilient demand from consumers for its sodas, juices and energy drinks as well as higher prices. Shares climbed 3%...
Wall Street Dips as U.S. Treasuries Graze 5%, Middle East Tensions Simmer
Date: October 19, 2023
Wall Street dips as U.S. Treasuries graze 5%, Middle East tensions simmer By Stephen Culp NEW YORK (Reuters) -Wall Street struggled for gains and benchmark U.S. Treasuries reached a new 16-year high as market participants looked ahead to U.S. Federal Reserve Chairman Jerome Powell’s impending remarks against a backdrop of solid earnings, mixed economic data...
European Shares Slip Amid Downbeat Earnings Reports; UK Stocks Outperform
Date: October 17, 2023
European shares slip amid downbeat earnings reports; UK stocks outperform By Amruta Khandekar and Shristi Achar A (Reuters) -European stocks edged lower on Tuesday as a slew of downbeat earnings and higher government bond yields outweighed gains in energy shares and slight easing of concerns about risks stemming from the Middle East conflict. The pan-European...
BioNTech Warns of Write-Off of up to 900 Million Euros on Covid Vaccine
Date: October 16, 2023
BioNTech warns of write-off of up to 900 million euros on COVID vaccine By Ludwig Burger BERLIN (Reuters) – Shares in Germany’s BioNTech fell on Monday after it flagged write-downs of up to 900 million euros ($947 million) reflecting similar charges its partner Pfizer announced on their COVID-19 vaccine business last week. Hit by a...