Global Banking & Finance

DECEMBER 2, 2024

jump in core headline earnings during its half year, driven by accelerated growth and improved profitability of its e-commerce businesses and China’s Tencent. Prosus, majority-owned by South Africa’s Naspers, said core headline earnings per share (HEPS) from continuing operations rose to 144 […]

Profitability 52

Profitability Investors Shares Business 52

Global Banking & Finance

MAY 7, 2024

UBS shares soar as profit smashes forecasts, share buyback plans affirmed By Noele Illien ZURICH (Reuters) – UBS on Tuesday reported first-quarter profit that trounced forecasts and said it was sticking with plans for share buybacks over three years despite Swiss government proposals that would hike its capital requirements.

Profitability 40

Profitability Shares Government Capital 40

Global Banking & Finance

DECEMBER 14, 2023

Air France-KLM raises medium-term profit goal, shares rise By Joanna Plucinska and Tim Hepher (Reuters) -Air France-KLM raised a medium-term profitability goal and sped up transformation efforts, promising investors a 2-billion-euro ($2.2 The Franco-Dutch airline group, which faces intense competition […]

Profitability 52

Profitability Shares Investors IT 52

Global Banking & Finance

NOVEMBER 12, 2024

billion) net profit in the three months to September, as the tech giant benefitted from higher share prices of listed companies in its Vision Fund investment vehicles. billion) profit […] By Anton Bridge TOKYO (Reuters) -Japan’s SoftBank Group swung to a 1.18 trillion yen ($7.7

Profitability 52

Profitability Funds Shares Investment 52

Global Banking & Finance

OCTOBER 16, 2024

By Tatiana Bautzer, Manya Saini and Niket Nishant (Reuters) – Morgan Stanley’s profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its stock to a record.

Profitability 52

Profitability Initial Public Offering IPO Investment Banking 52

Global Banking & Finance

SEPTEMBER 25, 2024

By Rajasik Mukherjee (Reuters) -New Zealand’s Fonterra posted a 25% drop in its fiscal 2024 profit on Wednesday, hurt by poor earnings from its ingredients segment and volatility in demand from key importing regions, but declared a special dividend, sending its shares higher.

Profitability 40

Profitability Shares Food IT 40

JD Supra: Mergers

JUNE 19, 2023

Those with nonpublic information about a merger or acquisition involving a company appear to be profiting by trading in shares of exchange-traded funds based on indexes that include such companies’ shares, according to a recent study by Swedish and Australian researchers. By: Carlton Fields

Shares 161

Shares Mergers and Acquisitions Profitability Trading 161

Global Banking & Finance

JULY 21, 2023

Nokian Tyres profit tumbles amid Russian exit, shares fall HELSINKI (Reuters) -Finland’s Nokian Tyres on Friday reported a sharp fall in operating profit for the second quarter, sending its shares down 8%, but said it expected the second half of the year to be stronger than the first as winter tyre sales picked up.

Profitability 52

Profitability Shares Sale IT 52

Global Banking & Finance

MAY 6, 2024

Shares in Spain’s Indra surge after net profit rises 40% By Matteo Allievi (Reuters) -Shares in Spanish defence and technology firm Indra surged on Monday after its net profit rose 40% to 61 million euros ($66 million) in the first quarter, supported by strong orders as global tensions spur demand for air defences.

Profitability 40

Profitability Shares IT 40

Global Banking & Finance

OCTOBER 11, 2023

Travis Perkins shares sink as weak housing market prompts profit warning By Sarah Young LONDON (Reuters) -Travis Perkins, Britain’s biggest supplier of building materials, downgraded its annual profit forecast by as much as 27% on Wednesday, blaming ongoing tough conditions in the new-build housing and renovation markets, hitting its shares.

Profitability 52

Profitability Shares IT 52

Global Banking & Finance

NOVEMBER 12, 2024

(Reuters) – Drugmaker AstraZeneca lifted its annual sales and profit forecast for the second time in less than four months on Tuesday, helped by resilient demand for its cancer and rare diseases medicines, after third-quarter results beat estimates.

Profitability 52

Profitability Sale Shares IT 52

Global Banking & Finance

NOVEMBER 6, 2024

By Nick Carey and Christoph Steitz LONDON/FRANKFURT (Reuters) -BMW on Wednesday reported a 61% drop in its third-quarter profit, missing analyst expectations because of slumping China sales and brake problems and sending its shares to their lowest level in more than 2-1/2 years.

Profitability 52

Profitability Sale Shares IT 52

Global Banking & Finance

FEBRUARY 29, 2024

Grifols’ shares tumble as restructuring costs hit annual profit By Joan Faus BARCELONA (Reuters) -Shares of Grifols dropped almost 10% on Thursday after the drugmaker reported a 72% plunge in 2023 profit due to restructuring costs and rising expenses, though it said it cut its debt ratio and was on track to reduce it further. […]

Profitability 40

Profitability Shares Debt IT 40

The TRADE

OCTOBER 19, 2023

GAM Holding has confirmed its first steps in the turnaround plan for the business, aiming to return the company to profitability following a turbulent period. GAM has already made several new appointments in recent weeks in a bid to grow the business and increase profits, including changes to the group management board.

Profitability 57

Profitability Shares Investment Management 57

Global Banking & Finance

NOVEMBER 7, 2024

decline in its third-quarter operating profit due to a decline in heavy duty truck and bus volumes in Europe. Shares in the company were up 6.7% By Giulio Piovaccari MILAN (Reuters) -Iveco Group said on Thursday it would accelerate plans to cut costs and improve efficiency as it reported a 12.6% by 1015 GMT, among […]

Profitability 52

Profitability Shares IT Business 52

Global Banking & Finance

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.

Insurance 98

Insurance Profitability Retail Shares 98

Global Banking & Finance

OCTOBER 29, 2024

By Marta Serafinko and Natalia Siniawski (Reuters) -Spain’s largest insurer Mapfre reported a 39% jump in net profit in the first nine months of the year as higher prices, more benign weather, and less severe natural disasters lifted the profitability of its non-life business. Mapfre shares were up 4.7%

Profitability 40

Profitability Insurance Shares Business 40

Global Banking & Finance

NOVEMBER 26, 2024

By Priyanka G (Reuters) -HP forecast its first-quarter profit below Wall Street expectations on Tuesday, signaling persistent choppy demand in the personal computers market and sending the company’s shares down 8% in extended trading. Traditional PC makers have been grappling with soft demand following a boom during the pandemic.

Profitability 40

Profitability Trading Shares IT 40

Global Banking & Finance

OCTOBER 25, 2024

By Francesca Landini MILAN (Reuters) -Italian energy group Eni will increase its share buyback programme by 25% to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter profit expectations. It reported an adjusted net profit of 1.27 billion euros, topping the 1.08

Profitability 40

Profitability Shares IT Business 40

Global Banking & Finance

NOVEMBER 19, 2024

By Sriparna Roy and Mariam Sunny (Reuters) -Medtronic lifted the lower end of its annual profit forecast for a second time on Tuesday, banking on sustained demand for its medical devices in the United States. Its shares still fell nearly 3% in early trading.

Medical 40

Medical Profitability Trading Shares 40

Global Banking & Finance

JULY 25, 2024

By Nora Eckert, Nathan Gomes (Reuters) -Ford Motor reported a dip in second-quarter adjusted profit on Wednesday as the automaker continues to battle costly quality issues and an EV business that is weighing on its bottom line, sending shares tumbling 11% in after-hours trading.

Profitability 52

Profitability Stock Trading Shares 52

Global Banking & Finance

OCTOBER 3, 2024

By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursday after market share gains drove a 10% rise in the first half, giving it momentum ahead of the festive trading period.

Profitability 40

Profitability Shares Trading IT 40

Global Banking & Finance

NOVEMBER 5, 2024

By James Davey LONDON (Reuters) – Associated British Foods said it was well set-up for medium term growth, as it reported a 32% rise in full-year profit, driven by robust performances from its Primark clothing business and grocery division.

Food 40

Food Profitability Business Shares 40

Global Banking & Finance

FEBRUARY 22, 2024

StanChart lowers income target, launches $1 billion share buyback as profit jumps 18% By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered PLC on Friday rewarded shareholders with dividends and a fresh $1 billion buyback as profit rose 18%, but set out underwhelming growth forecasts that will concern investors amid worries (..)

Profitability 40

Profitability Shares Investors 40

Global Banking & Finance

AUGUST 28, 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.

Profitability 52

Profitability Trading Shares IT 52

Global Banking & Finance

NOVEMBER 12, 2024

MILAN (Reuters) – Italy’s Mediobanca missed revenue estimates and cut its full-year net interest income forecast on Tuesday, sending shares down more than 7% despite a better-than-expected quarterly profit.

Shares 52

Shares Financial Asset Profitability Banking 52

Global Banking & Finance

NOVEMBER 5, 2024

COPENHAGEN (Reuters) -Shares of Vestas, the world’s largest wind turbine manufacturer, slumped 10% on Tuesday as the company warned its profit margin for the year would likely be at the lower end of its forecast range due to higher costs and warranty provisions.

Shares 52

Shares Manufacturing Profitability IT 52

Global Banking & Finance

OCTOBER 3, 2024

By James Davey LONDON (Reuters) -Tesco, Britain’s biggest supermarket group, lifted its annual profit forecast on Thursday after a 10% rise in the first half that was driven by market share gains, giving it momentum ahead of the key festive trading period. The group, which has a near 28% share of the UK grocery […]

Profitability 40

Profitability Shares Trading IT 40

Global Banking & Finance

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. lender reported a profit of $1.52

Investment Banking 40

Investment Banking Profitability Banking Bank 40

Global Banking & Finance

NOVEMBER 13, 2024

By Aby Jose Koilparambil (Reuters) – British power generator and network operator SSE’s CEO Alistair Phillips-Davies will retire next year after more than a decade in the job, the company said on Wednesday, as it also posted a 26% jump in half-year profit.

Profitability 40

Profitability Shares IT Business 40

Global Banking & Finance

MARCH 1, 2024

Bpost posts lower 2023 operating profit, does not provide 2024 profit outlook By Lina Golovnya (Reuters) – Belgian postal operator Bpost, which also distributes newspapers, reported a decline in full-year operating profit on Friday, and did not provide an outlook for 2024, citing “discussions with press stakeholders” The group’s (..)

Profitability 40

Profitability Shares 40

Global Banking & Finance

NOVEMBER 12, 2024

By Gianluca Semeraro MILAN (Reuters) -Italy’s Mediobanca missed revenue estimates and cut its full year net interest income forecast on Tuesday, sending shares down more than 8% despite a better-than-expected quarterly profit.

Shares 52

Shares Financial Asset Profitability Banking 52

CNBC: Investing

JULY 9, 2024

It's time for investors to consider taking profits in some high-flying artificial intelligence names, according to Citi.

Profitability 63

Profitability Investors Shares IT 63

Global Banking & Finance

MAY 24, 2024

Financial Expert Helps 1,000 New Stock Traders Generate over $300k Profits in Q1 of 2024 Financial mentor Sire Abram majored in finance and entrepreneurship while in college while working as a residential assistant and career coach. He also shared his financial knowledge and experience with other students.

Profitability 76

Profitability Stock Finance Finance 76

Global Banking & Finance

SEPTEMBER 24, 2024

By Andrey Sychev (Reuters) -Europe’s biggest tour operator TUI on Tuesday confirmed its annual guidance and mid-term targets after a strong summer season, sending its shares up in morning trading. Shares in TUI rose 2% by 0735 GMT, hitting their highest level in two months.

Shares 52

Shares Profitability Trading IT 52

Global Banking & Finance

OCTOBER 24, 2024

By Savyata Mishra (Reuters) -Hasbro surpassed Wall Street estimates for third-quarter profit as the Monopoly owner benefited from cost controls and strong digital gaming demand, even as weak consumer spending on toys hurt third-quarter sales.

Profitability 40

Profitability Sale Shares IT 40