RESULTS

Rising stocks fuel record profit for Buffett’s Berkshire- operating profit disappoints

Rising stocks fuel record profit for Buffett’s Berkshire- operating profit disappoints

Published 24/02/2020

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such [more…]

RBC to launch U.S. consumer bank betting on wealthy clients

RBC to launch U.S. consumer bank betting on wealthy clients

Published 22/02/2020

(Reuters) - Royal Bank of Canada plans to open a consumer bank in the United States early next year targeting wealthy clients, with the aim [more…]

Cathay Pacific flags ‘significant’ drop in first-half profit, capacity cuts due to coronavirus

Cathay Pacific flags ‘significant’ drop in first-half profit, capacity cuts due to coronavirus

Published 17/02/2020

(Reuters) - Cathay Pacific Airways (0293.HK) is expecting a significant drop in its first-half results and has also cut capacity due to the coronavirus outbreak, [more…]

SoftBank-backed Oyo says annual loss grew over six-fold on China expansion

SoftBank-backed Oyo says annual loss grew over six-fold on China expansion

Published 17/02/2020

BENGALURU (Reuters) - SoftBank-backed (9984.T) Oyo Hotels and Homes said on Monday losses widened more than six-fold in the year to March 2019, as the [more…]

SoftBank set for sharp quarterly profit drop amid pressure from Elliott

SoftBank set for sharp quarterly profit drop amid pressure from Elliott

Published 10/02/2020

TOKYO (Reuters) - Japan’s SoftBank Group (9984.T) is expected to post a slide in profits for the past quarter, deepening concern about its ability to [more…]

As businesses hold back, U.S. consumers seen boosting big banks’ profits

As businesses hold back, U.S. consumers seen boosting big banks’ profits

Published 13/01/2020

NEW YORK (Reuters) - Consumer lending is expected to propel profits for big U.S. banks when they unveil fourth-quarter results this week, though stress in [more…]

Dixons Carphone 1H profit plunges, maintains forecast as mobile turnaround on track

Dixons Carphone 1H profit plunges, maintains forecast as mobile turnaround on track

Published 12/12/2019

LONDON (Reuters) - British electricals retailer Dixons Carphone (DC.L) stuck to its forecast for annual profit and said a plan to cope with the challenging [more…]

Louisiana’s Democratic governor wins re-election in Republican-leaning state

Louisiana’s Democratic governor wins re-election in Republican-leaning state

Published 17/11/2019

(Reuters) - Louisiana Governor John Bel Edwards, a conservative Democrat, won a second term in office on Saturday, defeating a Republican opponent who had closely [more…]

SAP in three-year cloud partnership with Microsoft

SAP in three-year cloud partnership with Microsoft

Published 21/10/2019

BERLIN (Reuters) - Business software group SAP said on Monday it had reached a three-year deal with Microsoft to help its large enterprise customers move [more…]

Phase-out of Airbus, Boeing jets hits FACC’s operating profit

Phase-out of Airbus, Boeing jets hits FACC’s operating profit

Published 15/10/2019

VIENNA (Reuters) - Plane parts maker FACC’s (FACC.VI) operating profit fell 6% in the second quarter as it produced fewer components for the Airbus (AIR.PA) [more…]