market-conditions
BusinessExclusive-Russia’s Grain Trader Demetra Buys Large Stocks of Sunflower Seeds in Oct
BusinessUnder Armour Lifts Profit Forecast on Cost Savings, Shares Surge
BusinessCoty Sees Annual Profit at Low End of Forecast as Mass Beauty Demand Slows
InvestingPuma CEO Sees Better Holiday Trading After Q3 Sales Miss Expectations
Zalando Sales and Profit Margin Rise on Stronger Demand
Date: November 5, 2024
By Linda Pasquini and Helen Reid (Reuters) -Zalando on Tuesday reported a higher profit margin for the third quarter thanks to strong consumer demand and cooler September weather, as it focused on upmarket brands to fend off competition in the mass market. The German online fashion retailer has been scaling up its logistics business, through...
Outokumpu Warns of Worsening Steel Markets After Q3 Profit Beat
Date: October 30, 2024
By Jagoda Darlak (Reuters) – Finnish stainless steel maker Outokumpu beat market expectations for its third-quarter core profit (EBITDA) on Wednesday, helped by improved result in its ferrochrome business and higher stainless steel prices in Europe. It warned however that deteriorating markets in Europe and North America would hurt its stainless steel business in the...
Amplifon Trims Margin Forecast as Higher Marketing Costs Weigh
Date: October 30, 2024
(Reuters) -Italian hearing aid company Amplifon slightly lowered its annual margin guidance on Wednesday, after the metric was hit by higher marketing costs in Europe in the third quarter. The company said it expected its recurring core profit margin to be broadly in line with 2023, when it posted a margin of 24%. It had...
Gsk Warns of Lower 2024 Vaccine Sales After Weaker Rsv, Shingles Demand
Date: October 30, 2024
By Yadarisa Shabong and Maggie Fick (Reuters) – GSK on Wednesday said its vaccine sales would fall this year, after a weaker-than-expected performance for its respiratory syncytial virus (RSV) and shingles vaccines in the third quarter, sending its shares 4% lower in early trade. The British drugmaker now expects 2024 vaccine sales to decrease by...
Steelmaker Acerinox Expects Weak Demand to Persist Into Fourth Quarter
Date: October 29, 2024
By Javi West Larrañaga and Jesus Calero (Reuters) -Spanish steelmaker Acerinox posted a sharp drop in third-quarter net profit on Tuesday as a result of a weak stainless steel market in Europe and North America that it said will likely continue through the fourth quarter. Its shares fell 4.1% by 0844 GMT, making them among...
Yara’s Core Profit Soars 47% on Strong Production, High Prices
Date: October 25, 2024
By Jesus Calero (Reuters) -Yara International, one of the world’s largest fertilizer producers, reported a bigger-than-expected 47% jump in its third-quarter core profit on Friday, helped by its focus on core operations to boost profitability. Yara is delivering all-time high production performance and strong premiums this quarter, a testament to the robustness of our...