financial-performance
BusinessUK’s Sse Says CEO Phillips-Davies to Retire in 2025 as Profits Soar
Top StoriesNovavax Cuts 2024 Revenue Forecast Again on Lower Covid Vaccine Sales
BusinessGlovo Owner Delivery Hero Expects Growth at Upper End of Forecast, Posts Solid Q3
BusinessIveco to Accelerate Cost Cutting Plans as Q3 Operating Profit Drops 13%
Bmw Quarterly Profit Misses Expectations Due to Weak China Sales, Brake Issues
Date: November 6, 2024
By Nick Carey and Christoph Steitz LONDON/FRANKFURT (Reuters) -BMW on Wednesday reported a 61% drop in its third-quarter profit, missing analyst expectations because of slumping China sales and brake problems and sending its shares to their lowest level in more than 2-1/2 years. Shares in the premium carmaker and its German rivals Volkswagen, Mercedes-Benz and...
Germany’s Fresenius Raises 2024 Forecast After Q3 Beat, Shares Rise
Date: November 6, 2024
By Tristan Veyet and Rafal Wojciech Nowak (Reuters) – Germany’s Fresenius raised its full-year outlook on Wednesday after beating third-quarter expectations, citing strong performances at its Kabi and Helios divisions and deleveraging efforts paying off, sending shares up. The healthcare group said it expects organic revenue growth of 6%-8%, from a previously anticipated 4%-7%. It...
Hensoldt Boosted by Sensors and Integration of Software Firm
Date: November 6, 2024
By Chiara Holzhaeuser (Reuters) – Hensoldt reported on Wednesday a 24.1% rise in adjusted core profit for the first nine months of 2024 driven by sales growth in its core business and the first-time inclusion of defence software company ESG, which it acquired in December. After just 200 days, we have largely completed the post-merger...
Dhl Posts Weakened Free Cash Flow for Q3, Denting Shares
Date: November 5, 2024
By Chiara Holzhaeuser (Reuters) -DHL reported third-quarter free cash flow well below market expectations on Tuesday, in another hit to its shares that have lost nearly a fifth of their value this year. The German logistics giant last week lowered its full-year and mid-term forecasts, citing a weaker macroeconomic environment in Europe and low business-to-business...
Adecco Expects Improvement in US Hiring After Election
Date: November 5, 2024
By John Revill ZURICH (Reuters) – Staffing company Adecco expects the hiring market in the United States to pick up following the presidential election, CEO Denis Machuel said on Tuesday, regardless of whether Kamala Harris or Donald Trump wins the White House. Machuel said hiring had slowed as employers held on to staff and with...
Dhl Reports Q3 Net Income Below Expectations
Date: November 5, 2024
(Reuters) -German logistics giant DHL reported a third quarter net income of 751 million euros ($817 million) on Tuesday, missing analysts’ estimate of 787 million euros in a company-compiled consensus. DHL last week lowered its full-year and mid-term forecasts, citing a weaker macroeconomic environment in Europe and low business-to-business mail volumes, and pre-announced quarterly operating...