corporate-profits
Top StoriesFestive Cheer Boosts Profit Outlook for UK’s Card Factory
Top StoriesSamsung’s Quarterly Profit Plunges to 8-year Low on Demand Slump
Top StoriesBritain’s Next Sees Lower Profit in 2023 as Consumer Outlook Darkens
Top StoriesUK Retailer Currys Warns on Profit as Nordic Chill Sweeps In
Nestle Raises 2022 Sales Guidance for Third Time This Year
Date: November 29, 2022
By Michael Shields and Richa Naidu ZURICH (Reuters) -Nestle’s 2022 sales guidance was nudged higher for the third time this year on Tuesday as the world’s largest packaged food company continues to counter sharp cost inflation by raising prices. The consumer goods industry has increased prices for everything from soap to water this year, hoping...
Nestle Nudges 2022 Sales Outlook Higher Again
Date: November 29, 2022
ZURICH (Reuters) -Nestle has nudged its 2022 sales outlook higher again, the world’s largest packaged food company said ahead of an investor seminar on Tuesday. The company said it now expected organic sales growth of 8-8.5%, up from an October forecast of around 8%, and an underlying trading operating profit margin of around 17.0%. Underlying...
Ikea Stores Owner Ingka’s Annual Operating Profit Rises 9%
Date: November 25, 2022
By Anna Ringstrom STOCKHOLM (Reuters) – Ingka Group, the owner of most IKEA stores, reported on Friday a 9% rise in annual operating profit, as price increases helped it offset higher input costs as well as compensate for costs incurred to wind down in Russia. The world’s biggest furniture retailer said operating profit in the...
Contract Caterer Compass Expects 2023 Profit Growth to Top 20%
Date: November 21, 2022
(Reuters) – Contract caterer Compass Group on Monday forecast its profit growth to be more than 20% in 2023 and margins to be above 6.5%, after reporting a surge in financial year 2022 profit buoyed by new business wins and reopening of economies. The world’s largest catering group more than doubled its dividend to 31.5...
European Shares Pulled Down by Mercedes, Defence Stocks up After Poland Blast
Date: November 16, 2022
By Shreyashi Sanyal (Reuters) – European shares fell on Wednesday, with Mercedes Benz Group leading losses in automobiles stocks, while a blast in Poland kept sentiment subdued and pushed up defence stocks. The pan-European STOXX 600 index fell 0.4% by 0924 GMT. Auto stocks tumbled 2.8% to lead sectoral declines, and were headed for their...
FTSE 100 Opens Higher, Informa Leads Gains
Date: November 14, 2022
(Reuters) – UK’s export-oriented FTSE 100 edged higher on Monday as a weaker pound offered support, with shares of Informa jumping to the top of the index after an upbeat earnings outlook. The blue-chip FTSE 100 was up 0.5% by 0807 GMT. The domestically-focused FTSE 250 midcap index rose 0.1% after logging its best week...