corporate-profits
Top StoriesTravis Perkins Shares Sink as Weak Housing Market Prompts Profit Warning
Top StoriesHp Forecasts 2024 Profit in Line With Estimates, Boosts Annual Dividend
Top StoriesBritain’s Sse Sees Weaker Half-Year Profit on Subdued Renewables Output
Top StoriesZara Owner Inditex’s H1 Profit Climbs as It Eyes Growth Through Stable Prices
FTSE 100 Rises on Peak Rate Bets; Smurfit Kappa Slumps on WestRock Deal
Date: September 12, 2023
FTSE 100 rises on peak rate bets; Smurfit Kappa slumps on WestRock deal (Reuters) – UK’s FTSE 100 index inched higher on Tuesday after labour data signalled that the Bank of England might be nearing the end of its interest rate hike cycle, although a slump in packaging producer Smurfit Kappa’s shares capped gains. The...
Dell Raises Full-Year Forecasts on AI Strength, Demand Recovery
Date: September 1, 2023
Dell raises full-year forecasts on AI strength, demand recovery By Zaheer Kachwala (Reuters) – Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump. Shares of the Round Rock, Texas-based company...
Russia’s Rosneft Shows H1 Net Income at 652 Billion Rbls
Date: August 30, 2023
Russia’s Rosneft shows H1 net income at 652 billion rbls MOSCOW (Reuters) – Russia’s largest oil producer Rosneft said on Tuesday its January to June net income reached 652 billion roubles ($6.90 billion). Its sales stood at 3.87 trillion roubles. The company did not provide a comparison for the corresponding period in 2022. ($1 =...
Russia’s Gazprom Neft Q2 Net Profit Falls 43% Y/y
Date: August 24, 2023
Russia’s Gazprom Neft Q2 net profit falls 43% y/y MOSCOW (Reuters) -Russian oil major Gazprom Neft said on Thursday its second-quarter net profit fell 43% from the same period last year to 140.1 billion roubles ($1.5 billion) as sales declined. Profits for global oil majors have dropped by about half from a bumper 2022, when...
Medtronic Raises Profit Forecast as Surgeries Return to Pre-Pandemic Levels
Date: August 22, 2023
Medtronic raises profit forecast as surgeries return to pre-pandemic levels By Bhanvi Satija (Reuters) -Medtronic on Tuesday raised its annual profit forecast as the return of non-urgent surgery volumes to pre-pandemic levels boosted demand for its medical devices, sending its shares up 3%. Medtronic, which makes pacemakers, catheters and other tools used in heart and...
UBS Upgrades Global Equities’ Rating to ‘neutral’
Date: August 18, 2023
UBS upgrades global equities’ rating to ‘neutral’ (Reuters) – Economists at UBS have upgraded their rating for global equities, citing recent economic and inflation data coming in ahead of estimates and stronger-than-expected growth in the U.S. economy, with less likelihood of a recession. The brokerage, which raised its rating on global equities to “neutral” from...