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BusinessWk Kellogg Beats Third-Quarter Estimates on Demand, Higher Prices
BusinessAudi Unveils New Ev Brand in China Without Four Ring Logo
BankingThe Rising Threat of Scams: As New Regulation Comes Into Force, Can Banks Afford Not to Protect Consumers?
BankingBelgian Bank KBC’s Q3 Profit Beats View on Net Interest Income Boost
Qualcomm Chip Sales to Chinese Smartphone Makers Fuel Strong Results
Date: November 7, 2024
By Stephen Nellis and Arsheeya Bajwa (Reuters) – Chip designer Qualcomm on Wednesday forecast sales and profit in the current quarter would exceed Wall Street estimates as the company benefits from a wave of launches of flagship Chinese smartphones. The company’s shares rose 5.5% in extended trading. They had surged 12% right after it reported...
Arm Forecasts Results in Line With Expectations and Shares Drop
Date: November 7, 2024
By Max A. Cherney, Deborah Mary Sophia SAN FRANCISCO (Reuters) –Chip designer Arm Holdings on Wednesday forecast revenue in line with Wall Street targets, sparking a 4.5% drop in shares that some analysts attributed to dashed hopes for stronger, AI-fueled growth. Bets that Arm, which licenses its designs, will benefit from a surge in AI...
Enel Posts 6.5% Rise in 9-mth Core Profit on Renewable Power Growth
Date: November 7, 2024
By Francesca Landini MILAN (Reuters) -Italy’s biggest utility Enel said on Wednesday its nine-month core profit rose 6.5% year on year, on the back of strong renewable power production, which more than compensated a fall in retail energy prices in its home country. Earnings before interest, taxes, depreciation and amortisation (EBITDA) excluding extraordinary items came...
Umicore to Pause Construction of Battery Materials Plant in Canada
Date: November 6, 2024
By Nathan Vifflin (Reuters) -Metals recycler and battery materials producer Umicore will pause construction of a battery materials plant in Canada, it said on Wednesday. The Belgian-based group launched a review of its business in July, and said it had postponed “large scale” investments in an unspecified battery recycling plant in Europe, as well as...
Barry Callebaut Sees a Second Year of Flat Sales Volumes on High Cocoa Prices
Date: November 6, 2024
By Andrey Sychev (Reuters) – Swiss chocolate maker Barry Callebaut posted annual profit growth as it managed to pass on surging cocoa prices to customers, but said it expects a second straight year of flat sales volumes as prices of the key ingredient remain high. Shares in the company were up 3% by 0828 GMT....
Ferrari’s Core Profit Rises Despite Shipment Dip After Software Switch
Date: November 6, 2024
By Giulio Piovaccari and Keith Weir MILAN (Reuters) -Ferrari core earnings rose 7% in the third quarter despite a small and calculated dip in car shipments aimed at facilitating an internal software transition at the luxury sports carmaker, its top executives said on Tuesday. The Italian company switched over the summer to a new enterprise...