Business
Sales Rose, Profits Fell for Zalando in Q1
Zalando sales grew 23.8 percent to 2.99 billion euros in the first quarter of the year, reflecting what the company said was synergies…
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Profits
Business
Retailer Carrefour targets higher cash and profits as CEO Bompard unveils new strategy plan
Europe’s largest food retailer Carrefour on Wednesday (Feb 18) vowed to grow its cash and profitability, aiming for an operating margin of…
Business
TotalEnergies halves buybacks as low oil, gas prices weigh on profits
It echoes similar moves by its peers – BP has completely suspended buybacks, and Equinor has reduced them by 70% TotalEnergies will halve…
Business
Adidas plans 1-billion-euro share buyback after profits jump
Adidas reported stronger-than-expected fourth-quarter profits and announced a fresh share buyback, as it looks to maintain its momentum…
Business
Gold hovers near two-week low as investors book profits
Gold hovered near a two-week low on Tuesday (Dec 30) that it touched in the previous session, as year-end profit-taking caused all…
Business
Gold edges lower as investors book profits
US rate futures are pricing in an 88% chance of a rate cut in December, according to the CME’s FedWatch tool Gold edged lower in early…
Business
Forget Musk’s latest pay package, his last one could wipe out years of Tesla profits
Tesla faces potential US$26 billion profit hit if it loses its appeal over Musk’s pay ruling Tesla’s gaudy US$1 trillion…
Business
Nomura said to probe if profits inflated at India bond desk
Nomura Holdings is investigating its India fixed-income business, asking senior officials in its rates division to determine whether…
Business
Australia's big four banks move to bypass mortgage brokers as profits squeezed
They are looking to offset pressure on profit margins from lower interest rates, higher costs and intensifying competition Australia’s…
Business
China’s largest banks report steady profits, but margins shrink
[BEIJING/SHANGHAI] Four of China’s largest five state-owned banks reported steady profits on Thursday (Oct 30), but their margins came…
Business
Blackstone profits soar but lower rates bring scrutiny to credit
The expectation for lower interest rates is also a double-edged sword for the firm, threatening the profits of the company’s largest…
Business
Wall Street bonuses expected to hit record as bank profits surge
The Wall Street bonus pool is expected to break records this year if current trends continue, as big banks reap profits from soaring…
Business
Lloyds bank says profits shrink on bad car loans
Profit after tax dropped 14% to £2.9 billion in the first nine months of the year British lender Lloyds Banking Group on Thursday (Oct 23)…
Business
United sees demand ‘strengthening’ as profits edge lower
UNITED Airlines reported a slight dip in profits on Wednesday as operating expenses ticked higher, adding that a strengthening demand…
Business
Gulf development profits as Thailand faces electricity oversupply and regulatory gaps
Electricity prices in Thailand have long been a political and economic flashpoint, with frequent allegations of corruption and favoritism…
Business
Shein’s UK sales surge to £2.1 billion in 2024, boosting profits as IPO looms
Shein’s British business made £2.1 billion (S$3.7 billion) in sales in 2024, a 32.3 per cent increase from the previous year, a filing by…
Business
ExxonMobil reports 23.4% drop in profits on lower crude prices
ExxonMobil reported a drop in second-quarter profits on Friday (Aug 1) as the hit from lower crude prices more than offset a boost from…
Business
BOJ warns US tariffs could hit firms' profits, delay capex plans
Profits of Japanese firms are likely to fall this year because of US tariffs, leading them to downgrade capital expenditure plans, the…
Business
BMW profits slump on China woes, US tariffs
BMW said on Thursday (Jul 31) its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling…
Business
Chinese steel profits recover as Beijing targets overcapacity
The profitability of Chinese steel mills began to recover last month, with the improvement likely to accelerate in the second half of the…
Business
Britain's Lloyds says profits up 5%, even as economic outlook dims
Statutory profit before tax for the first six months of the year was £3.5 billion Lloyds Banking Group reported its profit for the first…
Business
Trump tariffs to decimate China profits: Bloomberg Economics
Most of China’s industries can’t survive US President Donald Trump’s tariffs at current levels, according to a new analysis by Bloomberg…
Business
Trump tariffs to decimate China profits: analysis
Most of China’s industries cannot survive US President Donald Trump’s tariffs at current levels, according to a new analysis by Bloomberg…
Business
Swatch Group H1 Profits Down 88%, As Greater China Woes Continue
PARIS – China continues to weigh heavily on the Swatch Group, with the company posting Thursday an 88 percent slump in first-half net…