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TradingGlobal Commercial Insurance Rates Show First Quarterly Fall in Seven Years, Marsh Says
Top StoriesSoccer-Beleaguered Man United Battle to 0-0 Draw at Villa
Top StoriesLme Monitors Tightness in Aluminium Market After Spike in Spread
BusinessUK Supermarket Sales Growth Slows After Summer Holidays
Hp Forecasts Downbeat Profit as Weak Pc Market, Competition Weigh
Date: August 29, 2024
By Juby Babu (Reuters) -HP forecast fourth-quarter profit below Wall Street estimates and cut its expectations for the year on Wednesday, owing to choppy demand in the personal computers market and competitive pricing, even though revenue grew after more than eight quarters. Shares of the PC maker fell 3.7% in extended trading. The company...
Analysis-Package Deals Make a Comeback as Sun Seekers Count the Cost
Date: August 19, 2024
By Joanna Plucinska and Jon Nazca LONDON/MALAGA, Spain (Reuters) – Sun seekers are turning to package holidays in Europe as soaring hotel and flight prices revive demand for the all-inclusive deals that had fallen from favour, bolstering the balance sheets of some travel companies. The combination of a cost-of-living crisis and disruption from strikes and...
Investors’ Comments on Global Stocks Rout
Date: August 5, 2024
(Reuters) – Share markets around the world tumbled and bonds rallied on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Japan’s Nikkei shed a staggering 12% to hit nine-month lows, entering bear market territory...
Consumer Goods Makers Weighed Down by Weak US and European Sales
Date: July 19, 2024
By Richa Naidu LONDON (Reuters) – Consumer goods giants including Nestle, Kraft Heinz and Reckitt are likely to report weak second-quarter sales growth from Europe and the United States, as consumers opt for brands that have been better at slowing price hikes, Nielsen data shows. Analysts and investors have voiced concerns for several quarters...
Citi Profit Beats on Surge in Investment Banking, Services Strength
Date: July 12, 2024
By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a jump in investment banking, markets and services revenue, but shares fell 2% amid investor worries about expenses, dividends and market share. The third largest U.S. lender reported a profit of $1.52 per share in the...
Ericsson’s Q2 Sales Fall a Smaller-Than-Expected 7%
Date: July 12, 2024
Ericsson’s Q2 sales fall a smaller-than-expected 7% (Reuters) -Swedish telecom gear maker Ericsson reported a smaller-than-expected 7% drop in second-quarter sales on Friday as sluggish demand for 5G gear in most markets was slightly offset by 14% growth in North America. Revenue dropped to 59.9 billion crowns ($5.69 billion) from 64.4 billion crowns a year...