corporate-profits
Top StoriesLockmaker Assa Abloy Boosts Dividend, but Wary on Outlook
Top StoriesTech Earnings Hit Pause Button on Market Rally
Top StoriesFord Posts Lower Profit, Issues Downbeat Outlook; Shares Drop
Top StoriesRoche Flags 2023 Earnings Decline on Slump in Covid Products
Julius Baer 2022 Profits Fall as It Hits Business Cycle Targets
Date: February 2, 2023
ZURICH (Reuters) – Julius Baer on Thursday said net profit fell 12% in 2022 in a tough market environment, as the Swiss bank said it closed its 2020-22 business cycle by hitting all its financial targets. Net profit dropped to 950 million Swiss francs ($1.05 billion) from 1.08 billion francs. The bank, which competes with...
Novartis Says Operating Profit to Grow Again in 2023
Date: February 1, 2023
By Ludwig Burger BASEL (Reuters) -Swiss drugmaker Novartis on Wednesday predicted that core operating income would grow in a “mid single digit” percentage range in 2023, following stagnation last year. Full-year core operating income was broadly flat at $16.7 billion, it said in a statement, coming in slightly below market expectations of $16.8 billion. Adjusted...
Dutch Telecom Kpn Locks in 2023 Targets Helped by Cost Controls
Date: January 31, 2023
(Reuters) -Dutch telecoms company KPN NV aims to slightly improve its core profit this year, it confirmed on Tuesday, supported by cost savings that should also boost its cash flow. Soaring consumer prices and slowing economies are creating new challenges for telecom operators, who have seen profitability eroded in recent years by cut-throat competition and...
UBS Sounds Cautious Note for Year Ahead After Booking Quarterly Profit Rise
Date: January 31, 2023
By Noele Illien ZURICH (Reuters) -UBS Group AG predicted an “uncertain” year ahead plagued by accelerating inflation and higher interest rates on Tuesday after the Swiss bank beat estimates in its latest quarter. The world’s largest wealth manager kicked off a round of reporting for major European banks, many of which have been cutting jobs...
German Industry to Pay 40% More for Energy Than Pre-Crisis – Study Says
Date: January 30, 2023
FRANKFURT (Reuters) – German industry is set to pay about 40% more for energy in 2023 than in 2021, before the energy crisis triggered by Russia’s invasion of Ukraine, a study by Allianz Trade said on Monday, citing contract expiries and delayed wholesale pricing effects. “The large energy-price shock still lies ahead for European corporates,”...
India’s Tata Motors Surges 8% on First Quarterly Profit in 2 Years
Date: January 27, 2023
BENGALURU (Reuters) -Shares of Tata Motors Ltd, India’s No.3 carmaker by volume, rose as much as 8.2% to a more-than-four-month high on Friday after the company reported its first quarterly profit in two years. The stock posted its biggest intraday jump in over 8 months, before easing to trade up about 5.2% at 440 rupees...