financial-performance
BusinessToyota to Post First Profit Drop in 2 Years as Demand Cools After Big Run
BusinessVolvo Cars October Sales Rise 3% Year-On-Year
BusinessShell’s $6 Billion Profit Smashes Forecasts as Lng Offsets Weak Refining
BusinessPrada’s Third Quarter Revenues up 17.7%, Miu Miu Sales Double
Chinese Ev Maker BYD’s Net Profit up 11.5%, Revenue Beats Tesla for First Time
Date: October 30, 2024
BEIJING (Reuters) -Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives. Net profit rose to 11.6 billion yuan ($1.63 billion) in the July-September quarter, the company said in a stock exchange filing. For the first nine months, net...
UK Retailer Next Expects to Join 1 Billion Pound Profit Club
Date: October 30, 2024
By James Davey LONDON (Reuters) -Next said on Wednesday it expected to report annual profit in excess of 1 billion pounds ($1.3 billion) for the first time in its history in its current financial year, underscoring the success of the British clothing retailer. The group, led by CEO Simon Wolfson, raised its outlook for the...
StanChart to Double Down on Wealth Business, Trim Retail as It Lifts Outlook
Date: October 30, 2024
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) – Standard Chartered upgraded key performance targets as its quarterly profit topped market estimates, and said it will double down on its wealth business while slashing back retail banking in a bid to further boost returns. StanChart said its third-quarter pretax profit reached $1.72 billion,...
Bp Profit Slumps to Near Four-Year Low as Oil Demand Sags
Date: October 29, 2024
By Ron Bousso LONDON (Reuters) – BP on Tuesday reported a 30% drop in third-quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results. The decline was smaller than expected amid a slowdown in global economic activity and oil demand, particularly in China,...
Building Materials Supplier Holcim Beats Profit Forecast
Date: October 25, 2024
By John Revill ZURICH (Reuters) -Holcim beat third-quarter operating profit expectations, the construction materials maker said on Friday, as higher profitability helped offset lower sales. The company, which is planning to spin off its North American business next year, posted recurring operating profit of 1.67 billion Swiss francs ($1.93 billion) for the three months...
Integrating Sustainability for Long-Term Business Resilience and Value Creation
Date: October 24, 2024
By Karl Schmedders, Professor of Finance at IMD Companies that proactively address climate risks are better equipped to adapt to a rapidly evolving business environment, making them more attractive to investors seeking sustainable long-term returns. Addressing environmental concerns is now essential for the long-term success of a business. Climate change and the damage to essential...