Global Banking & Finance

JULY 27, 2023

Sabadell doubles Q2 net profit, lifts guidance for 2023 By Jesús Aguado MADRID (Reuters) -Higher margins helped Spain’s Sabadell double net profit in the second quarter, beating market expectations and prompting the bank to lift its guidance for overall lending income and profitability in 2023.

Profitability 98

Profitability Bank Banking IT 98

Global Banking & Finance

MAY 13, 2024

Japan’s SoftBank swings to quarterly profit, eyes on Arm unit By Anton Bridge TOKYO (Reuters) -Technology investor SoftBank Group swung to a net profit in the final quarter of its financial year, it said on Monday, as the Japanese giant focuses on artificial intelligence to help fuel a return to growth.

Profitability 40

Profitability Investors IT 40

Global Banking & Finance

MAY 9, 2024

Brembo Q1 operating profit rises on record sales (Reuters) – Italian premium brake maker Brembo posted on Thursday an 8.5% yearly increase in first-quarter operating profit as revenues grew to a record 1 billion euros in the quarter. Brembo’s January-March operating profit (EBIT) stood at 112.8 million euros ($121.06

Profitability 40

Profitability Sale IT 40

Global Banking & Finance

MAY 17, 2024

Mining Now Launches Real-Time Mining Insights & Profit Analysis Platform Singapore, Singapore, May 17th, 2024, Chainwire Mining Now, a trusted and reputable real-time crypto-mining insights provider company, is thrilled to announce the launch of its versatile platform that attempts to give unbiased insights associated with crypto mining as well (..)

Profitability 40

Profitability IT Finance Finance 40

Global Banking & Finance

MAY 15, 2024

Catering firm Compass lifts profit forecast after strong first half (Reuters) – British catering firm Compass Group raised its 2024 profit forecast on Wednesday, after reporting first-half earnings slightly ahead of market expectations, as new businesses and higher pricing offset inflationary headwinds.

Profitability 40

Profitability Food Business IT 40

Global Banking & Finance

AUGUST 24, 2023

Russia’s Gazprom Neft Q2 net profit falls 43% y/y MOSCOW (Reuters) -Russian oil major Gazprom Neft said on Thursday its second-quarter net profit fell 43% from the same period last year to 140.1 Profits for global oil majors have dropped by about half from a bumper 2022, when […] billion roubles ($1.5

Profitability 96

Profitability Sale IT 96

The New York Times: Mergers, Acquisitions and Dive

MARCH 2, 2024

Ahead of an expected drop in enrollment, the institution is looking to buy the University of Phoenix, a for-profit school with a checkered past. Is it worth $550 million?

IT 106

IT Profitability Mergers and Acquisitions Government 106

Global Banking & Finance

JANUARY 4, 2024

Walgreens slashes dividend even as Q1 profit beats estimates (Reuters) -U.S. pharmacy chain Walgreens Boots Alliance on Thursday nearly halved its dividend to save more money, even as the company’s cost-cut measures helped it report better-than-expected quarterly profit.

Profitability 75

Profitability IT 75

Global Banking & Finance

SEPTEMBER 12, 2023

Zara owner Inditex’s H1 profit climbs as it eyes growth through stable prices MADRID (Reuters) -Zara owner Inditex reported on Wednesday a jump of 40% in profit for the six months to July amid higher sales compared to a year ago, even as the world’s biggest fashion company slowed the pace of price increases to […]

Profitability 52

Profitability IT Sale 52

CNBC: Investing

MAY 13, 2024

From a fundamental standpoint, the brick-and-mortar video game company isn't deserving of such a stock pop.

Profitability 129

Profitability IT Stock 129

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

CNBC: Investing

MARCH 19, 2024

GE stock has outperformed the market over the past year as investors bet that the company's break-up will unlock value. Why it's not too late to jump in.

Profitability 98

Profitability IT Investors Stock 98

Global Banking & Finance

MAY 9, 2024

Telefonica tops forecast with 79% surge in Q1 profit By Inti Landauro MADRID (Reuters) – Spain’s Telefonica beat forecasts with a 79% surge in first-quarter net profit on Thursday as higher fees boosted revenues, costs fell on job cuts in Spain and lower energy prices, and its low-margin handsets business shrank.

Profitability 40

Profitability Business IT 40

How2Exit

OCTOBER 8, 2023

rn Big Band Software focuses on acquiring profitable and growing B2B SaaS businesses. rn Big Band Software focuses on acquiring profitable and growing B2B SaaS businesses. rn McArdle states, "The dream business is one that's big, growing, profitable, has the team. Leadership is hard. Hiring is hard.

Profitability 130

Profitability Portfolio Mergers and Acquisitions M&A 130

Global Banking & Finance

JULY 18, 2023

Swedbank profit exceeds forecast as real estate slump leaves scant mark By Niklas Pollard STOCKHOLM (Reuters) -Swedish banking group Swedbank reported a bigger-than-expected rise in net profit on Tuesday on the back of higher interest income, and said its credit quality was solid as loan impairments fell sequentially in the second quarter.

Profitability 98

Profitability Bank Banking IT 98

Global Banking & Finance

MAY 1, 2024

GSK raises profit outlook on strong vaccine, HIV drug sales By Eva Mathews and Maggie Fick (Reuters) -GSK raised its full-year profit forecast on Wednesday on strong demand for its common respiratory vaccine and specialty HIV medicines, though it expects sales growth to slow in the second half.

Profitability 40

Profitability Sale IT 40

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

FEBRUARY 8, 2024

Vontobel to take additional cost-cutting measures as profit falls ZURICH (Reuters) -Vontobel Holding saw its full-year net profit fall 6.5%, the Swiss private bank and asset manager said on Thursday, as it vowed to take additional measures to cut annual costs by 100 million Swiss francs.

Profitability 52

Profitability Asset Management Bank Banking 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

MAY 1, 2024

Britain’s Next keeps profit guidance after first-quarter sales rise By James Davey LONDON (Reuters) -British clothing retailer Next on Wednesday kept its forecast for annual profit after reporting a 5.7% rise in first-quarter full price sales, slightly ahead of its guidance.

Profitability 40

Profitability Sale Retail IT 40

Global Banking & Finance

MAY 8, 2024

British pub group JD Wetherspoon expects profit at upper end of market forecast (Reuters) – British pub group J D Wetherspoon on Wednesday forecast its profit to be towards the upper end of market expectations after it posted higher third-quarter sales, aided by strong demand for its traditional ales and vodka.

Profitability 40

Profitability Sale IT 40

Global Banking & Finance

APRIL 30, 2024

McDonald’s posts rare profit miss as customers turn picky By Savyata Mishra (Reuters) -McDonald’s missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the burger chain’s international sales.

Profitability 40

Profitability Sale IT 40

Global Banking & Finance

APRIL 23, 2024

Renault says new models to lift 2024 sales, confirms profit outlook By Gilles Guillaume PARIS (Reuters) -Renault expects its sales growth to accelerate this year as it launches a number of new models, the French automaker said on Tuesday, as it confirmed its profit margin and cash flow forecasts for 2024 and pushes ahead with […]

Profitability 40

Profitability Sale IT 40

Business Standard - FInance

JUNE 21, 2023

Equity Mutual Fund investing is strictly meant for your long-term goals, so it makes little sense to try and time your exits and entries or to repeatedly "book profits" and sit on the sidelines.

Profitability 98

Profitability Portfolio Funds Equities 98

Global Banking & Finance

APRIL 26, 2024

NatWest first-quarter profit slumps 27% as savings, mortgage competition bite By Lawrence White LONDON (Reuters) -NatWest’s first-quarter profit fell by a less than expected 27%, it said on Friday, hit by competition for savings, lending and mortgage products which has squeezed margins across the sector.

Profitability 40

Profitability Bank Banking IT 40

Global Banking & Finance

APRIL 10, 2024

M&C Saatchi expects 2024 profit to meet forecasts (Reuters) – M&C Saatchi said on Wednesday it expected to meet profit expectations this year, betting on its cost-savings initiatives and divestment of loss-making businesses, after the British advertising group posted a 10% fall in 2023 earnings.

Profitability 40

Profitability M&A Business IT 40

Global Banking & Finance

FEBRUARY 5, 2024

Chipmaker NXP forecasts profit above estimates on automotive strength (Reuters) – Chipmaker NXP Semiconductors forecast first-quarter profit above target and reported better-than-expected revenue for the last quarter on Monday, banking on a strong automotive market, a key consumer of its technology.

Profitability 52

Profitability Manufacturing Bank Banking 52

Global Banking & Finance

MAY 3, 2024

SocGen Q1 profit slumps less than expected as investment bank surprises By Mathieu Rosemain PARIS (Reuters) -French bank Societe Generale’s net income fell less than expected in the first quarter, as profits on equity derivative sales offset weaknesses at its retail bank and in fixed-income trading.

Investment Banking 40

Investment Banking Profitability Bank Banking 40

Global Banking & Finance

FEBRUARY 7, 2024

Siemens profit ahead of forecast despite digital sector orders fall By John Revill ZURICH (Reuters) -Siemens reported first-quarter profit slightly ahead of expectations on Thursday despite the German engineering group seeing a slowdown at its flagship factory automation unit.

Profitability 52

Profitability Engineering IT 52

Global Banking & Finance

APRIL 4, 2024

Britain’s Co-op profit slides after petrol forecourt sale (Reuters) -Co-op, which runs Britain’s seventh-biggest supermarket chain, posted a steep drop in annual pretax profit on Thursday following the sale of its petrol forecourt business, and amid growing competition among retailers.

Profitability 40

Profitability Sale Retail Business 40

How2Exit

DECEMBER 18, 2023

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Profitability 130

Profitability Investment M&A IT 130

Global Banking & Finance

APRIL 9, 2024

Barry Callebaut operating profit falls 40% on transformation costs (Reuters) -Barry Callebaut, the world’s biggest chocolate maker, reported lower than expected half-year operating profit on Wednesday, hit by one-off expenses caused by its transformation plan.

Profitability 40

Profitability IT 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 billion) improvement in core profit within five years and sending its shares soaring on Thursday.

Profitability 52

Profitability Shares Investors IT 52

Global Banking & Finance

APRIL 15, 2024

Recruiter PageGroup’s quarterly profit slumps 13% as hiring remains subdued (Reuters) – UK’s PageGroup reported on Monday a nearly 13% drop in group gross profit in the first three months of 2024 due to slow hiring across its markets, and said job flows deteriorated toward the end of the quarter.

Recruitment 40

Recruitment Profitability IT 40

Global Banking & Finance

FEBRUARY 7, 2024

Telenor Q4 core profit in line with expectations OSLO (Reuters) -Norwegian telecoms operator Telenor on Wednesday reported fourth-quarter core operating earnings in line with expectations and said it expected low single-digit organic sales growth in Nordic service revenues in 2024. billion crowns […]

Profitability 52

Profitability Sale IT 52

Global Banking & Finance

MARCH 25, 2024

Home improvement retailer Kingfisher warns on profit outlook LONDON (Reuters) -European home improvement retailer Kingfisher warned on Monday that current-year profit would fall short of analysts’ expectations after it reported a 25% drop for 2023-24.

Retail 40

Retail Profitability IT 40