financial-performance
Top StoriesRoche Cutting 345 Jobs in Product Development – Media
Top StoriesGucci’s New Designer in Focus as Kering Plots Future Growth
Top StoriesVodafone in ‘active’ Italy Deal Talks as German Recovery Slows
Top StoriesFerrari Sees Strong Demand Stretching Into the Distance
Ericsson Says Telecoms Uncertainty to Persist Into 2024, Shares Fall
Date: October 17, 2023
Ericsson says telecoms uncertainty to persist into 2024, shares fall By Supantha Mukherjee STOCKHOLM (Reuters) -Ericsson on Tuesday said it expected the uncertainty impacting its mobile networks business to persist into 2024, after reporting a fall in third-quarter revenue as demand for 5G equipment fell in North America. The Swedish telecom equipment maker’s shares fell...
Britain’s Sse Sees Weaker Half-Year Profit on Subdued Renewables Output
Date: October 4, 2023
Britain’s SSE sees weaker half-year profit on subdued renewables output (Reuters) -British power generator and network operator SSE Plc on Wednesday said it expects to report half-year adjusted earnings of at least 30 pence per share, without specifying an upper end to the outlook, hit by subdued performance in its renewables business. For the same...
Lloyd’s of London Insurer Hiscox Profit Spikes on Premium Rise
Date: August 9, 2023
Lloyd’s of London insurer Hiscox profit spikes on premium rise By Carolyn Cohn LONDON (Reuters) -Lloyd’s of London insurer Hiscox posted a sharp rise in pretax profit on rising premium rates, but its shares fell on Wednesday as analysts focused on a disappointing retail outlook. Commercial insurers who have faced hefty claims in recent years...
Edf Swings to Profit Thanks to Price Increases
Date: July 27, 2023
EDF swings to profit thanks to price increases PARIS (Reuters) – French nuclear power giant EDF swung to profit in the first half of the year, rebounding from a record loss in 2022 thanks to higher electricity prices and nuclear reactor output. Net income was 5.8 billion euros ($6.44 billion), compared with a loss of...
Facebook Parent Meta Sees Advertising Jump, Tops Wall Street Targets
Date: July 27, 2023
Facebook parent Meta sees advertising jump, tops Wall Street targets By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms on Wednesday reported a strong rise in advertising revenue, topping Wall Street financial targets for the second quarter and forecasting third-quarter revenue above market expectations. The results from Meta, Facebook’s parent company, come a day...
Vodafone Takes ‘first Steps’ in Turnaround With Top-Line Improvement
Date: July 24, 2023
Vodafone takes ‘first steps’ in turnaround with top-line improvement By Paul Sandle LONDON (Reuters) -Vodafone reported better top-line growth on Monday, driven by higher prices in Britain and improvements in Germany, Italy and Spain, marking a positive start for new Chief Executive Margherita Della Valle’s turnaround plan. The European and African telecoms group also said...