financial-performance
Top StoriesStanChart Cheers Investors With $500 Million Share Buyback, 19% Profit Jump
Top StoriesGlencore Lowers Full-Year Copper Output Guidance
Top StoriesBarclays Blunders Overshadow Strong Trading Performance
Top StoriesStellantis CEO Says Easing Chip Crunch Could Throttle Back Pricing Power
Safran H1 Profit Rises but More Supply Chain Snags Ahead
Date: July 28, 2022
By Tim Hepher PARIS (Reuters) -French jet engine maker Safran posted higher first-half earnings and raised some forecasts as airlines bought more spare parts to serve a recovery in air travel, but warned supply chain problems could last well into 2023. The world’s third largest aerospace supplier, whose products range from wheels to wiring and...
Omv More Than Doubles Q2 Core Earnings on Soaring Gas Prices
Date: July 28, 2022
BERLIN (Reuters) -Austrian energy and chemicals group OMV more than doubled second-quarter core operating profit on the back of soaring gas prices fuelled by the war in Ukraine. It reported clean current cost of supplies (CCS) earnings before interest and tax (EBIT), which exclude special items and inventory gains or losses, of 2.94 billion euros...
Industry-Leading Legal Benchmarking Survey From Association of Corporate Counsel and Major, Lindsey & Africa Shows Legal Spend Distribution Moves In-House, Especially for Smaller Companies
Date: July 27, 2022
Sponsored Feature Presented by Association of Corporate Counsel (ACC) Survey provides invaluable benchmarking data for law department leaders committed to identifying and implementing financial and operational performance improvements. The Association of Corporate Counsel (ACC) and Major, Lindsey & Africa (MLA) announced today the release of their industry-leading annual legal benchmarking survey. The third report as a result...
Holcim Hikes Sales Outlook on Strong Construction Industry Demand
Date: July 27, 2022
By John Revill ZURICH (Reuters) – Holcim brushed off higher energy prices and rising interest rates to hike its full-year sales guidance on Wednesday after the world’s largest cement maker beat second-quarter forecasts. The Swiss company raised its full-year sales forecast to 10% from 8% on a like-for-like basis, which excludes the impact of currencies...
Recruiter Randstad’s Earnings Rise as Talent Remains ‘scarce’
Date: July 26, 2022
By Valentine Baldassari and Charlotte Lavin (Reuters) -Dutch recruitment firm Randstad reported an 18% jump in second-quarter core profit on Tuesday, broadly in line with analysts’ expectations, as companies continued to compete for workers. The group’s underlying earnings before interest, taxes and amortisation (EBITA) reached 308 million euros ($315 million) in the three months to...
Continental Beats Expectations With 4.4% Margin in Q2
Date: July 20, 2022
BERLIN (Reuters) -Continental reported better-than-expected sales of 9.4 billion euros ($9.63 billion) in the second quarter on Wednesday with an adjusted earnings margin of 4.4%, slightly above analysts’ expectations of 4.2%. The car parts supplier, which in May cut its earnings forecast to 4.7%-5.7% from 5.5-6.5%, confirmed the lower outlook in preliminary results ahead of...