corporate-profits
Top StoriesSwitzerland’s Clariant Sees Slight Sales Drop in 2023
Top StoriesPuma Expects Cost Pressure on Margins to Persist in 2023
Top StoriesGetlink Sees Record Earnings Boosted by Eleclink and Eurotunnel Traffic
Top StoriesCarrefour Predicts More Profit Growth This Year Despite High Inflation
Coca-Cola HBC’s Annual Profit Beats, Warns of Price Increases
Date: February 14, 2023
By Radhika Anilkumar (Reuters) -Coca-Cola HBC AG on Tuesday reported better-than-expected full-year operating profit and said it will increase prices this year to tackle an increase in costs. Energy and commodity prices have increased since Russia invaded Ukraine, sending companies across the globe scrambling for ways to rein in costs, while households struggle to manage...
Big Oil Doubles Profits in Blockbuster 2022
Date: February 8, 2023
By Ron Bousso LONDON (Reuters) – Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia’s invasion of Ukraine reshaped global energy markets and, in some cases, the industry’s climate ambitions. The profit surge gave the oil companies scope to increase...
Dulux Maker Akzo Nobel Sees Raw Material Cost Pressure Easing
Date: February 8, 2023
By Olivier Sorgho (Reuters) -Dulux paint maker Akzo Nobel said on Wednesday it expects lower raw material costs and further price hikes to boost profits this year, sending its shares 4% higher. However, the company also said it would need to cut production capacity, bringing possible job losses, as it responds to falling demand. Paint...
BP’s Shares Hit 3-1/2-year High After It Cuts Emissions Targets
Date: February 8, 2023
LONDON (Reuters) – BP’s shares hit their highest in three and a half years on Wednesday, a day after it reported record profits and said it would produce more oil and gas for longer and cut its emissions reductions targets for this decade. BP’s shares rose to as high as 533.7 pence early on Wednesday,...
Maersk Warns Lower Container Volumes to Hit 2023 Profits
Date: February 8, 2023
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Shipping group A.P. Moller-Maersk warned on Wednesday lower container volumes and freight rates would drive a four-fold plunge in profits this year, even as it reported record earnings for 2022. The Copenhagen-based company, which transports goods for retailers and consumer companies such as Walmart, Nike and Unilever, raised its profit...
Bp Makes Record Profit in 2022, Slows Shift From Oil
Date: February 7, 2023
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on plans to slash oil and gas output and reduce carbon emissions by 2030. The blockbuster profit follows similar reports from rivals Shell,...