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Polish Utility Pge Posts Lower Q3 Net Profit Dragged by Coal Segment
Date: November 27, 2024
GDANSK (Reuters) – Poland’s biggest utility PGE reported a near 24% year-on-year fall in its third-quarter net profit on Tuesday, amid continued weakness in its coal-based conventional power generation segment. WHY IT’S IMPORTANT PGE, along with other Polish utilities, is under pressure from falling profitability in its coal-fired power generation segment, having to cope with...
Manchester United Posts Smaller First-Quarter Loss on Cost Cuts
Date: November 26, 2024
By Yadarisa Shabong and Shashwat Awasthi (Reuters) -Manchester United on Tuesday reported a smaller adjusted net loss for the first quarter of 2025, helped by cost cuts and benefits from favourable exchange rates. Adjusted net loss was 349,000 pounds ($439,007.10) for the three months ended Sept. 30, compared with a loss of 8.6 million pounds...
Medtronic Lifts Annual Profit View on Steady Demand for Medical Devices
Date: November 19, 2024
By Sriparna Roy and Mariam Sunny (Reuters) -Medtronic lifted the lower end of its annual profit forecast for a second time on Tuesday, banking on sustained demand for its medical devices in the United States. Its shares still fell nearly 3% in early trading. “The guidance increase for the year was still relatively small …...
Russia’s Sovcomflot Blames Earnings Drop on Western Sanctions
Date: November 16, 2024
(Reuters) – Russia’s leading tanker group Sovcomflot said on Friday that Western sanctions on Russian oil tankers were limiting its financial performance, as it reported falling revenues and core earnings. The United States imposed sanctions on Sovcomflot in February, part of Washington’s efforts to reduce Russia’s revenues from oil sales that it can use to...
Bavarian Nordic Has $340 Million Orders for Its Mpox, Smallpox Vaccine in 2025
Date: November 16, 2024
STOCKHOLM (Reuters) – Danish biotech Bavarian Nordic said on Friday the order book for delivery of its vaccine for mpox and smallpox in 2025 currently totals around 2.40 billion crowns ($340 million), including previously announced deferred revenue. The World Health Organisation in August declared mpox a global public health emergency for the second time in...
Iliad Earnings Jump 13.6% Boosted by Subscriber Growth Across Markets
Date: November 14, 2024
By Gianluca Lo Nostro and Leo Marchandon (Reuters) -French telecoms operator Iliad announced on Thursday a 13.6% increase in its nine-month core profit, fuelled by robust performances across France, Italy and Poland, its three main markets. The group’s earnings before interest, tax, depreciation and amortisation after leases (EBITDAal) – a core operating earnings measure used...