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May 23, 2022

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UK’s Kingfisher boosted by ‘grow your own’ plant sales

Reuters
General view of a B&Q DIY store, as the spread of the coronavirus disease (COVID-19) continues, in Chiswick, London, Britain, April 23, 2020. REUTERS/John Sibley Register now for FREE unlimited access to Reuters.com Register LONDON, May 23 (Reuters) – British home improvement retailer Kingfisher (KGF.L) reported first quarter sales significantly......

Deere’s supply chain issues hit revenue, shares plunge

Reuters
Equipment for sale is seen at a John Deere dealer in Denver, Colorado, U.S. May 14, 2015. REUTERS/Rick Wilking/File Photo Register now for FREE unlimited access to Reuters.com Register May 20 (Reuters) – Deere & Co (DE.N) on Friday missed Wall Street revenue targets and said it was having difficulty......

U.S. banks’ 2021 hiring show lenders are seeking talent far beyond Wall Street

Reuters
NEW YORK, May 19 (Reuters) – More than half of the new employees banks and other financial services companies hired in 2021 are based in Orlando, Dallas and other cities – far from Wall Street – as the battle for talent pushed companies to cast a wider net for candidates,......

Royal Mail’s profit outlook shaky on labour dispute; shares slide

Reuters
Shares hit near one-and-a-half-year low 2021-22 adjusted operating profit misses market expectations Royal Mail says CWU dispute a ‘key uncertainty’ this year May 19 (Reuters) – Britain’s Royal Mail (RMG.L) said on Thursday the pay dispute with its largest labour union is a “key uncertainty” for the group this fiscal......

Generali posts smaller-than-expected net profit drop after Russia impairments

Reuters
The emblem of Italy’s insurer Assicurazioni Generali is pictured in Rome, May 13, 2013. REUTERS/Stefano Rellandini Register now for FREE unlimited access to Reuters.com Register MILAN, May 19 (Reuters) – Italy’s top insurer Assicurazioni Generali (GASI.MI) said on Thursday it posted a smaller-than-expected drop in Q1 net profit after impairments......

Cisco shares plunge after China lockdowns, Ukraine crisis hits outlook

Reuters
The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, U.S., May 4, 2015. REUTERS/Jim Young Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Cisco Systems Inc (CSCO.O) cut its full-year earnings forecast on Wednesday......

T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

Reuters
A T.J. Maxx store which is owned by TJX Cos Inc in Pasadena, California U.S., May 15, 2017. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting......

ABN Amro shares fall as money-laundering provision boosts costs

Reuters
ABN AMRO logo is seen at the headquarters in Amsterdam, Netherlands May 14, 2019. REUTERS/Piroschka van de Wouw Register now for FREE unlimited access to Reuters.com Register ABN Amro reports stronger-than-expected Q1 net profit Costs higher than anticipated Shares trade down 10% FY net interest income now expected at top......

Imperial Brands says no ‘buyback’ clause in Russia exit

Reuters
Packs of Gauloises cigarettes are on display in a tobacco shop in Vienna, Austria, May 12, 2017. REUTERS/Leonhard Foeger Register now for FREE unlimited access to Reuters.com Register LONDON, May 17 (Reuters) – Imperial Brands (IMB.L) said on Tuesday the terms of its recent agreement to exit Russia did not......

Ryanair cautious about ‘fragile’ recovery, berates Boeing

Reuters
Ryanair aircraft are seen at at dawn at Dublin airport Dublin, Ireland March 20, 2018. REUTERS/Clodagh Kilcoyne Register now for FREE unlimited access to Reuters.com Register Ryanair cuts FY loss to 355 million euros Low cost carrier says caution needed heading into winter O’Leary: Boeing management should step up or......

European stocks mark positive end to volatile week

Reuters
STOXX 600 rises for first week in five Casino jumps as TotalEnergies, Engie eye renewables arm Vestas slides after Berenberg downgrade May 13 (Reuters) – European shares rose on Friday, closing higher for the first time in five weeks, as a bout of bargain hunting took over after worries about......

Norwegian Air posts Q1 loss, flags fuel cost impact on recovery

Reuters
Norwegian Air Sweden Boeing 737-800 plane SE-RRJ approaches Riga International Airport in Riga, Latvia January 17, 2020. REUTERS/Ints Kalnins Register now for FREE unlimited access to Reuters.com Register OSLO, May 13 (Reuters) – Norwegian Air (NAS.OL) posted a loss for the first quarter on Friday and said the surge in......

Affirm lifts revenue outlook, extends Shopify deal; shares surge

Reuters
May 12 (Reuters) – Affirm Holdings Inc (AFRM.O)raised its annual revenue forecast and said it has extended a multi-year partnership with Shopify (SHOP.TO)in the United States, sending shares of the buy now, pay later (BNPL) firm up 23% aftermarket on Thursday. San Francisco-based Affirm’s third-quarter revenue surged 54%, surpassing the......

Italy’s Prysmian navigates supply issues to 35% quarterly profit rise

Reuters
Adj. EBITDA +35% in Q1 to 288 mln euros, tops estimates Result includes positive forex impact of 15 mln euros Has guided for FY adj. EBITDA between 1.01-1.08 bln euros Free cashflow seen around 400 mln euros this year MILAN, May 12 (Reuters) – Prysmian (PRY.MI) said on Thursday it......

Telefonica quarterly profit tops forecast on price rises, cost cuts

Reuters
The logo of Spanish Telecom company Telefonica is seen during GSMA’s 2022 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2022. REUTERS/Nacho Doce Register now for FREE unlimited access to Reuters.com Register MADRID, May 12 (Reuters) – Spanish telecom company Telefonica (TEF.MC) posted a smaller-than-expected fall in first-quarter net......

AutoStore shares fall 12% on worries over growth

Reuters
“Bots” are seen on the grid of the “smart platform” at the Ocado CFC (Customer Fulfilment Centre) in Andover, Britain May 1, 2018. Picture taken May 1, 2018. REUTERS/Peter Nicholls//File Photo Register now for FREE unlimited access to Reuters.com Register Company builds automated warehouses for e-commerce firms Q1 orders grew......

EV maker Rivian stands by production target despite supply-chain snarls

Reuters
Rivian CEO R.J. Scaringe introduces his company’s R1T all-electric pickup truck at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register May 11 (Reuters) – Rivian Automotive Inc (RIVN.O) on Wednesday reaffirmed its annual production forecast......

Siemens Energy shares hit record low as wind turbine problems mount

Reuters
Power-generating Siemens 2.37 megawatt (MW) wind turbines are seen at the Ocotillo Wind Energy Facility California, U.S., May 29, 2020. REUTERS/Bing Guan Register now for FREE unlimited access to Reuters.com Register Siemens Energy to hit low end of 2022 outlook Currently not looking at Siemens Gamesa divestment Shares fall as......

Toyota warns profit to skid 20% as raw materials costs pile up

Reuters
A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register Sees FY oper profit at 2.4 trillion yen vs 3 trillion yen yr-ago Q4 operating profit down 33% on year; shares......

Occidental profit tops estimates on oil prices despite lower output

Reuters
The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register May 10 (Reuters) – U.S. oil and gas producer Occidental Petroleum Corp (OXY.N) beat Wall Street’s earnings estimates and swung to a profit from a......

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