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Supermarket Operator Ahold Hikes 2022 Earnings Outlook Again
Date: November 9, 2022
By Diana Mandia (Reuters) -Ahold Delhaize on Wednesday reported third quarter earnings that beat analysts’ estimates and raised its full year earnings forecast for the third time this year, citing strong U.S. sales and margins. Ahold, which operates the Albert Heijn chain in the Netherlands and Stop & Shop, Giant, Food Lion and Hannaford in...
Bayer Beats Q3 Profit Forecast on Strong Herbicide Sales
Date: November 8, 2022
By Ludwig Burger FRANKFURT (Reuters) -Agriculture and pharmaceuticals company Bayer on Tuesday reported better-than-expected quarterly earnings as higher prices for glyphosate-based weedkillers made up for a decline in sales of its stroke prevention pill Xarelto. The German company said in a statement third-quarter adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 17.3% to...
Global Hedge Funds Advance in October Amid Stocks Rally
Date: November 8, 2022
NEW YORK (Reuters) – Global hedge funds posted a 2% gain in October, helped by a rally in stock markets and a combination of higher inflation and interest rates, data provider HFR said in a statement on Monday. Equities, event-driven and macro hedge fund indexes went up last month, according to HFR, adding two-thirds of...
European Shares Gain Ground on Boost From Travel Stocks
Date: November 7, 2022
By Shreyashi Sanyal (Reuters) -European shares rose on Monday, reversing declines from the opening bell, as a jump in travel stocks helped outweigh a drag from China-exposed luxury giants. The benchmark STOXX 600 index added 0.6% by 0929 GMT, extending gains after its fourth straight weekly rise. Flutter Entertainment Plc rose 4.5%, boosting European travel...
“Live up to Your Climate Promises,” UK PM Will Say
Date: November 7, 2022
SHARM EL-SHEIKH, Egypt (Reuters) – British Prime Minister Rishi Sunak will on Monday use a speech at the United Nations climate summit in Egypt to tell world leaders to deliver on their promises to tackle global warming. Sunak, who became prime minister late last month, had initially said he would be too busy coming up...
Russian Gold Miner Polymetal’s Q3 Revenue Down 13% Y/y
Date: November 2, 2022
MOSCOW (Reuters) -Polymetal’s third-quarter revenue fell by 13% year on year to $714 million due to accumulated inventory and lower metal prices, the Russian gold and silver producer said on Wednesday. Polymetal has not been directly targeted by Western sanctions imposed on Moscow after it sent thousands of troops into Ukraine on Feb. 24. But...