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October 22, 2021

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Schlumberger quarterly profit rises as oilfield services demand recovers

Reuters
The exterior of the Schlumberger Corporation headquarters building is pictured in the Galleria area of Houston January 16, 2015. REUTERS/Richard Carson Oct 22 (Reuters) – Schlumberger NV (SLB.N) reported a rise in third-quarter adjusted income on Friday, buoyed by higher demand for the company’s oilfield services and related equipment from......

Intel shares sink as chipmaker predicts lower margins in years ahead

Reuters
Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song/Files Oct 21 (Reuters) – Intel Corp (INTC.O) on Thursday forecast lower profit margins for years to come as......

H&M’s September sales dented by supply delays after profit tops pre-pandemic level

Reuters
H&M reports Q3 pretax profit of 6.1 bln SEK Sector recovering from slump as restrictions ease Global supply issues meant demand not fully met in September Shares unchanged STOCKHOLM, Sept 30 (Reuters) – Supply disruptions hampered H&M’s (HMb.ST) sales in September, the Swedish retailer said on Thursday, after its June-August......

ASML hikes financial forecasts, sees sales of $28-35 bln by 2025

Reuters
AMSTERDAM, Sept 29 (Reuters) – ASML Holding NV (ASML.AS), one of the key suppliers to computer chip makers, increased its financial forecasts on Wednesday and said it would have revenue growth of around 11% annually through 2030 amid booming demand for its products. In a pre-market statement, the company estimated......

ASMI plans expansion as it sees more interest in chips

Reuters
To expand sites in Finland, United States, South Korea Sees annual revenue of 2.8-3.4 bln euros by 2025 Lifts Q3 order intake guidance to over 600 mln euros Sept 28 (Reuters) – Dutch semiconductor equipment maker ASM International (ASMI.AS) plans to step up innovation and production, it said on Tuesday,......

Aldi UK to invest $1.8 bln to accelerate growth

Reuters
Abdelaziz Abdou, a Deliveroo delivery rider, poses with a bag of Aldi groceries in London, Britain, June 17, 2020. Picture taken June 17. REUTERS/Toby Melville/File Photo LONDON, Sept 27 (Reuters) – The British and Irish arm of German discount supermarket group Aldi said on Monday it would invest 1.3 billion......

Nike warns on holiday delays, cuts full-year sales estimate

Reuters
Nike shoes are seen displayed at a sporting goods store in New York City, New York, U.S., May 14, 2019. REUTERS/Mike Segar/File Photo Sept 23 (Reuters) – Nike Inc (NKE.N) on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday shopping season, blaming a......

Salesforce raises full-year revenue outlook on hybrid work boost

Reuters
The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo GLOBAL BUSINESS WEEK AHEAD/File Photo Sept 23 (Reuters) – Salesforce.com Inc (CRM.N) on Thursday raised its full-year revenue forecast, as the pandemic-led shift to hybrid work fueled demand......

Deutsche Bank CFO: There should be banking M&A, we must prepare

Reuters
James von Moltke, CFO of Germany’s Deutsche Bank is pictured in Frankfurt, Germany, February 2, 2018. REUTERS/Ralph Orlowski BERLIN, Sept 23 (Reuters) – Deutsche Bank (DBKGn.DE) sees the logic that there should be consolidation in the European banking sector and the task in hand is to prepare for that outcome,......

BlackBerry beats quarterly revenue expectations on cybersecurity boost

Reuters
The Blackberry logo is seen on a smartphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Sept 22 (Reuters) – Canada’s BlackBerry Ltd (BB.TO) beat Wall Street estimates for second-quarter revenue on Wednesday amid strong demand for its cybersecurity and Internet......

U.S. existing home sales fall in August; price appreciation slowing

Reuters
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. REUTERS/Mike Blake/File Photo Existing home sales fall 2.0% in August Housing inventory declines 13.4% from a year ago Median house price increases 14.9% from a year ago......

Uber could post first adjusted profit this quarter as cab demand returns

Reuters
A screen displays the company logo of Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid Sept 21 (Reuters) – Uber Technologies Inc (UBER.N) could post its first profit on an adjusted basis for......

Chip tech firm Alphawave raises guidance after strong first half

Reuters
LONDON, Sept 21 (Reuters) – Canadian semiconductor technology company Alphawave (AWE.L) raised its 2021 guidance on Tuesday after reporting a 140% rise in first-half revenue in its first results since it listed in London in May. Alphawave, which licenses its high-speed data transmission technology to chipmakers, said its full-year revenue......

Norway to raise gas exports to Europe as prices soar

Reuters
Equinor’s logo is seen at the company’s headquarters in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo To hike by total 2 bcm from Oct. 1 for next 12 months Europe seeing record power prices OSLO, Sept 20 (Reuters) – Norway will allow state-controlled Equinor (EQNR.OL) and its partners to......

Britain’s M&S blames Brexit for closing French food stores

Reuters
M&S to close 11 food stores run with SFH Will retain nine stores run with Lagardere M&S says new rules make it ‘near impossible’ LONDON, Sept 16 (Reuters) – British retailer Marks & Spencer (MKS.L) said it would close all 11 French franchise food stores it runs with its partner......

Britain’s John Lewis, Co-op lament supply chain disruptions

Reuters
Shoppers pass a branch of John Lewis in London, Britain, September 15, 2016. REUTERS/Toby Melville/Files John Lewis warns of ‘significant uncertainty’ Co-op says crisis will impact full year profit LONDON, Sept 16 (Reuters) – British retailers John Lewis Partnership and the Co-operative Group both warned that creaking supply chains would......

H&M sales pick up less than expected in June-Aug

Reuters
The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar/File Photo Sales remain below pre-pandemic levels June -Aug net sales up 9% vs consensus up 14% Local-currency sales up 14% year on year STOCKHOLM, Sept 15 (Reuters) – Sales at Sweden’s......

AT&T anticipates pending WarnerMedia-Discovery deal to close by mid-2022

Reuters
AT&T logo is seen on a smartphone in front of displayed Discovery and Warner Media logos in this illustration taken May 17, 2021. REUTERS/Dado Ruvic Sept 14 (Reuters) – Telecoms company AT&T (T.N) said it anticipates that the pending deal to combine WarnerMedia’s media assets with Discovery Inc (DISCA.O) will......

TurboTax maker Intuit to buy Mailchimp for about $12 bln in a data play

Reuters
An Intuit office is shown in San Diego, California August 21, 2015. REUTERS/Mike Blake Sept 13 (Reuters) – Intuit Inc (INTU.O), known for its small-business accounting and DIY tax-filing software, said on Monday it will acquire digital marketing company Mailchimp for about $12 billion in a cash-and-stock deal. The deal,......

Oracle revenue falls short of expectations as cloud competition rises

Reuters
The Oracle logo is shown on an office building in Irvine, California, U.S. June 28, 2018. REUTERS/Mike Blake Sept 13 (Reuters) – Enterprise software firm Oracle Corp (ORCL.N) fell short of Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space. Shares of the......

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