corporate-profits
Top StoriesECB Risks Losing Sight of ‘greedflation’ With Laser-Focus on Wages
Top StoriesSugar Group Tereos Reports Leap in Core Profit as Prices Rise
Top StoriesArmani Sales up 18% in Q1 as Asia Rebounds, U.S. Slows Down
Top StoriesUK Meat Producer Cranswick’s Full-Year Profit Rises on Strong Demand
UK’s Nationwide to Pay 340 Million Pounds to Customers After Profit Leap
Date: May 19, 2023
UK’s Nationwide to pay 340 million pounds to customers after profit leap LONDON (Reuters) -British lender Nationwide will pay its customers 340 million pounds ($429 million) through payments to their current accounts, it said on Friday after reporting a 40% leap in annual profit driven by a long run of Bank of England rate hikes....
Mr Kipling Maker Premier Foods to Stop Price Hikes This Year
Date: May 18, 2023
Mr Kipling maker Premier Foods to stop price hikes this year By Radhika Anilkumar (Reuters) -Premier Foods said on Thursday it does not expect further prices hikes in fiscal 2024 after it posted a beat in profit for 2023 aided by price increases and cost-cutting measures. “We have passed the peak and it does look...
UK Competition Watchdog Steps up Examination of Grocery Prices
Date: May 15, 2023
UK competition watchdog steps up examination of grocery prices LONDON (Reuters) -Britain’s competition watchdog will step up its work looking into grocery prices, but has so far not seen evidence pointing to specific concerns in the sector, it said on Monday, after food price inflation hit a 46-year high in March. Official data showed UK...
Italy’s Iveco Ups 2023 Guidance After Operating Profit Jump
Date: May 11, 2023
Italy’s Iveco ups 2023 guidance after operating profit jump (Reuters) – Italian truckmaker Iveco on Thursday raised its guidance for this year, after posting a 63.4% rise in adjusted operating profits in the first quarter. The manufacturer said its adjusted earnings before interest and tax (EBIT) from industrial activities would come in between 510-550 million...
E.on to Hit Upper End of 2023 Outlook After Strong Q1
Date: May 10, 2023
E.ON to hit upper end of 2023 outlook after strong Q1 FRANKFURT (Reuters) -E.ON, Europe’s largest energy networks operator, expects to hit the upper end of its profit outlook in 2023, boosted by strong first-quarter results that it said were the result of a broad sector recovery following last year’s crisis. “The crisis is not...
Daimler Truck Sees Higher Returns as Supply Chains, Demand Improve
Date: May 9, 2023
Daimler Truck sees higher returns as supply chains, demand improve BERLIN (Reuters) – Daimler Truck reported on Tuesday an adjusted return of sales of 8.8% in the first quarter of the year, up from 5.9% last year and towards the top end of its annual outlook for 2023, on a rise in revenue of 25%....