Lucid forecasts annual vehicle production below estimates
(Reuters) -Lucid Group forecast annual vehicle production far below analysts’ estimates on Wednesday, on signs that demand for its luxury electric vehicles will slow down as high interest rates pinch consumer budgets.…
ECB raises inflation forecasts, cuts growth outlook amid Ukraine conflict
FRANKFURT – The European Central Bank raised its inflation projections on Thursday but cut its growth outlook as the conflict in Ukraine is likely to keep commodity prices high, sapping households’ purchasing…
U.S. shale oil forecasts keep rising as smaller producers lead the way
By Liz Hampton – Publicly traded U.S. shale firms are not budging on production restraint vows as oil markets surge amid Russia’s invasion of Ukraine, leaving smaller producers to lead output gains…
Rightmove forecasts strong housing market after 2021 profit surge
– British real-estate portal Rightmove said on Friday it expects transaction levels to return to pre-pandemic levels this year, dispelling concerns about a slowdown driven by rising inflation and a higher cost…
Canada’s Alberta province forecasts 2022/23 budget surplus as oil prices soar
By Nia Williams CALGARY, Alberta – Canada’s biggest oil-producing province Alberta is expecting its first budget surplus since 2014/15, Finance Minister Travis Toews said on Thursday, as soaring global energy prices and…
S.Africa’s Discovery forecasts jump in half-yearly profit
– South African insurer Discovery forecast on Friday a higher half-yearly profit, supported by new clients at its health insurance business and adequate provisions to cushion the impact of coronavirus-related claims. The…
Mattel forecasts full-year earnings above estimates as toy demand holds strong
By Deborah Mary Sophia and Uday Sampath Kumar – Mattel Inc forecast full-year profit above estimates on Wednesday, with the company confident robust demand for its Barbie dolls and other toys will…
Hershey forecasts annual profit above estimates on prices increases
– Hershey Co forecast full-year profit above Wall Street estimates on Thursday, driven by higher prices for its chocolates and candies to counter inflationary pressures and strong holiday demand. Packaged food makers…
Builder Skanska’s profit beats forecasts
STOCKHOLM – Sweden’s Skanska reported on Thursday a quarterly profit above market expectations, and said market activity in construction had picked up gradually during the year. Fourth-quarter operating profit at the Nordic…
Autoliv profit tops forecasts
STOCKHOLM – Sweden’s Autoliv, the world’s largest producer of airbags and seat belts, reported higher than expected fourth-quarter earnings on Friday and said it expected around 20% organic sales growth in 2022.…
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