Credit Agricole sees profit topping 6 billion euros in 2025, growth in Italy
By Matthieu Protard PARIS -French bank Credit Agricole is targeting a net profit of more than 6 billion euros ($6.3 billion) by 2025 and sees …
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Two Flint Men Charged With Fraudulently Purchasing Firearms From Licensed Gun Dealers In Two States To Resell To Others For Profit
GRAND RAPIDS, MICH. – United States Attorney Mark A. Totten announced today that a federal grand jury charged two men …
Ford may slash ad spending, revamp dealers to boost EV profit, CEO says
By Paul Lienert and Ben Klayman (Reuters) – Ford Motor Co needs to overhaul its century-old business model – from slashing advertising spending to reworking …
Ad group S4 Capital posts 35% first quarter gross profit growth
LONDON – Martin Sorrell’s digital advertising group S4 Capital reported a 34.5% rise in first-quarter gross profit and reiterated its full-year outlook, saying it expected …
Israel’s Elbit Systems Q1 profit dips, revenue up
(Reuters) – Israeli defence electronics firm Elbit Systems on Tuesday reported lower first-quarter profit, attributing the drop to stock price-linked compensation plans, while revenue rose. …
Rowe to exit M&S with jump in profit, but much still to do
By James Davey LONDON – Steve Rowe will next week step down as chief executive of British retailer Marks & Spencer after a turbulent six …
S.African wealth manager Investec’s annual profit nearly doubles
JOHANNESBURG – South African lender and asset manager Investec’s full year profit soared by almost 91% thanks to strong loan growth, client acquisitions and increasing …
Russian mobile operator MTS reports 76.2% y/y slump in Q1 net profit
(Reuters) – Russia’s biggest mobile operator MTS on Wednesday reported a 76.2% year-on-year drop in first-quarter net profit to 3.9 billion roubles ($62.9 million), which …
Australian banks enter tech arms race as rising rates squeeze profit
By Byron Kaye SYDNEY – The 10-minute home loan – at the tap of a smartphone screen – is emerging as the next frontier in …
Hacker and Ransomware Designer Charged for Use and Sale of Ransomware, and Profit Sharing Arrangements with Cybercriminals
A criminal complaint was unsealed today in federal court in Brooklyn, New York, charging Moises Luis Zagala Gonzalez (Zagala), also known as “Nosophoros,” “Aesculapius” and …
New York Doctor Admits Buying and Selling Oncology Medication for Profit
NEWARK, N.J. – A New York doctor today admitted using his medical license – and allowing others to use his medical license – to purchase …
Saudi bourse’s quarterly profit falls on lower trading services, listing fees
DUBAI – Saudi Tadawul Group, the kingdom’s stock exchange operator, posted a 21.7% decline in first quarter net profit on Sunday on a slowdown in …
Honda warns of rising costs, forecasts weaker annual profit
By Satoshi Sugiyama TOKYO -Japan’s Honda Motor on Friday forecast a 7% fall in annual earnings, instead of an expected rise, and warned that the …
Mediobanca says no wealth management deal in sight as profit beats consensus
MILAN -Mediobanca on Wednesday ruled out the prospect of a wealth management acquisition in the immediate future, after reporting higher than expected quarterly results thanks …
Shares of Spanish steelmaker Acerinox soar after record profit
By Inti Landauro MADRID – Shares of Spanish steelmaker Acerinox soared on Wednesday after the company reported its highest ever quarterly net profit as strong …
Brazil’s Petrobras posts $9 billion profit as Bolsonaro rails against company
By Gram Slattery and Roberto Samora RIO DE JANEIRO – Brazil’s Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after …
Banco BPM lower loan writedown, revenue rise land profit beat
MILAN -Italy’s Banco BPM posted a higher-than-expected first-quarter net profit on Thursday, helped by a combination of higher revenues and lower loan writedowns. Banco BPM, …
Chemicals group Lanxess says Russian gas embargo would hit profit
By David Latona (Reuters) -German speciality chemicals maker Lanxess on Thursday said a potential embargo on Russian gas would weigh on its production and core …
Bentley Q1 profit soars despite cars lost at sea and stuck in China
By Nick Carey LONDON – Luxury British carmaker Bentley on Thursday said its first-quarter operating profit jumped 162% versus the same period last year, as …
Green Thumb profit rises as U.S. pot demand grows
By Rithika Krishna (Reuters) – Green Thumb Industries Inc reported a surge in revenue and core profit on Wednesday, as increasing acceptance of marijuana in …
Securitas grows profit as demand recovers from pandemic slump
STOCKHOLM -Security services group Securitas reported on Wednesday a rise in first-quarter profit that matched expectations helped by strong sales growth in Europe. Operating profit …
Fresenius warns of bigger Ukraine war impact after Q1 profit beat
By Milla Nissi (Reuters) – German healthcare group Fresenius’s first-quarter profit exceeded market expectations on Wednesday, driven by growth in its generic infusion drugs unit …
EDF first-quarter sales jump but core profit outlook capped by outages
PARIS – French state-owned utility EDF’s first-quarter sales jumped 61% to 35.58 billion euros ($37.40 billion) on the back of higher power and gas prices …
AIG profit beats estimates on strong underwriting gains
(Reuters) – Insurer American International Group Inc reported a nearly 17% rise in quarterly profit on Tuesday that topped market estimates, as strong underwriting gains …
Mitsui posts record profit on strong metals, offsetting Russia loss
By Yuka Obayashi TOKYO -Japanese trading house Mitsui & Co Ltd reported a record full-year profit on Monday as soaring metals and energy prices offset …
Chile’s Codelco reports Q1 pre-tax profit of $1.521 billion
(Reuters) – Chilean copper producer Codelco posted on Friday a first quarter pre-tax profit of $1.521 billion, a 7% decrease from the year-ago period. The …
China battery maker CATL suffers profit fall as costs soar
SHANGHAI/HONG KONG -CATL, the world’s largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall …
NatWest profit jumps as cost-of-living crisis looms
By Iain Withers and Lawrence White LONDON – British lender NatWest posted a 41% jump in first-quarter profit on Friday, as rising rates boosted income …
Swedbank lands narrow profit beat as loan loss provisions fall
STOCKHOLM – Swedish banking group Swedbank on Thursday reported slightly better-than-expected net profit for the quarter but said a potential interruption of Russian gas deliveries …
Norway’s DNB beats Q1 profit forecast as economy reopens
OSLO – DNB, Norway’s largest bank, posted better-than-expected first-quarter earnings on Thursday, reflecting a strong Norwegian economy and a high level of activity in the …
How one American toolmaker grows profit in the face of inflation and shortages
By Timothy Aeppel (Reuters) – Surging inflation and snarled supply lines have hit U.S. manufacturers like Snap-on Inc over the past year, but so far …
Gold miner Newmont posts fall in first-quarter profit
(Reuters) -Newmont Corp on Friday posted a fall in first-quarter profit, as the world’s biggest gold miner was hurt by lower gold sales volumes. Miners …
Tesla’s lush profit margin raises sustainability doubts in Wall Street
By Akash Sriram (Reuters) – Tesla Inc’s eye-popping profit margin has raised doubts among Wall Street analysts if the company would be able to keep …
Union Pacific quarterly profit jumps on price hikes, higher shipments
(Reuters) -U.S. railroad operator Union Pacific Corp posted a 21.5% jump in first-quarter profit on Thursday, benefiting from higher shipments due to a rise in …
Weak won fuels Hyundai Motor Q1 profit, offsets chip shortage, costs
By Heekyong Yang SEOUL – Hyundai Motor Co is likely to report a 4% bump in first-quarter profit thanks to a sharply weaker won boosting …
United Airlines sees 2nd quarter profit, record revenue on booming travel demand
By Rajesh Kumar Singh CHICAGO – United Airlines Holdings on Wednesday forecast a profit for the second quarter as it expects booming travel demand to …
U.S. insurer Travelers’ profit beats on lower catastrophe losses
(Reuters) – Property and casualty insurer Travelers Companies Inc reported a 48% jump in quarterly profit that beat analysts’ estimates on Tuesday, as lower catastrophe-related …
BOJ Gov Kuroda: “recent sharp yen weakening” could impact firms’ profit plans
TOKYO – Bank Of Japan Governor Haruhiko Kuroda said on Monday that the recent sharp weakening in the yen could impact on Japanese firms’ earnings …
UnitedHealth says deferred care demand not as high as feared, shares rise
By Amruta Khandekar and Bhanvi Satija (Reuters) -UnitedHealth Group Inc on Thursday modestly raised its 2022 profit forecast, saying demand for healthcare procedures deferred during …
Australia’s Graincorp raises profit view on Ukraine conflict-led shortage
By Harshita Swaminathan (Reuters) – Graincorp said on Friday it expects underlying profit for fiscal 2022 to be around 2.5 times that of last year, …
EBRD warns war in Ukraine will impact 2022 finances, after record profit
By Rachel Savage LONDON – The European Bank for Reconstruction and Development said on Thursday that Russia’s war in Ukraine would have a significant impact …
Samsung Elec likely to report highest Q1 profit since 2018 on chips
By Joyce Lee SEOUL – Samsung Electronics Co Ltd is likely to post its highest first-quarter profit since 2018, analysts’ estimates showed, driven by brisk …
Suedzucker’s annual profit jumps nearly 40% on strong sugar, bioethanol performance
HAMBURG – Europe’s largest sugar producer Suedzucker on Monday posted a rise of almost 40% in full year operating profit as improved sugar and bioethanol …
Property developer China Vanke expects 2022 profit to stabilise
HONG KONG – China Vanke, the country’s No.2 property developer by sales, said on Thursday it expects its net profit to stabilise in 2022 after …
Co-Owner of defunct medical testing lab convicted of kickback scheme to profit on urine drug tests for government insurance programs
Seattle – A resident of Astoria, Oregon was convicted this week in U.S. District Court in Seattle of five federal felonies connected to his scheme …
H&M seen posting first-quarter profit, Russia clouds outlook
By Anna Ringstrom STOCKHOLM – Sweden’s H&M is seen swinging back to profit in its December-February quarter as pandemic effects ease, though the closure of …
China’s biggest bank ICBC posts 10.7% rise in Q4 profit
SHANGHAI – Industrial and Commercial Bank of China (ICBC),, the world’s largest-listed lender by assets, reported a 10.65% rise in fourth-quarter net profit on Wednesday. …
Emirates airline chief sees return to profit next year
By Yousef Saba DUBAI – Dubai’s Emirates expects to significantly reduce losses in the current financial year and return to profit next year, the airline’s …
Top China brokerage CITIC posts 55% rise in 2021 profit on investment gains
BEIJING/SHANGHAI – CITIC Securities Co, China’s biggest brokerage, reported on Monday a 55.01% rise in profit in 2021, led by strong gains in securities investments. …
Chinese pork giant WH Group’s 2021 profit lifted by higher US, European sales
BEIJING – Chinese pork processing giant WH Group Ltd on Monday reported a 7.2% rise in annual profit to $1.043 billion driven by higher sales …