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...The UK lender reported net profits of £1.6bn in the first three months of the year, down from £1.8bn during the same period last year but ahead of analysts’ expectations of £1.5bn....
...Airbus has posted lower than expected operating profit for the first three months of the year but reaffirmed its annual financial targets....
...Underlying profits edged up 1.6 per cent to £701mn — at the top end of analysts’ forecasts....
...Profits at Lloyds Banking Group fell 28 per cent in the first quarter, as a windfall from higher interest rates for the UK high street bank continued to wane....
...Profits jumped more than a third at the owner of Primark as the sprawling business returned to “some normality” in its first half following years of supply chain upheaval, sending its shares up almost a...
...Ford reported a smaller profit in the first quarter than the same period last year, as losses in the electric vehicle business weighed on sales of petrol-powered cars and trucks....
...Toymaker Mattel beat profit expectations and expanded its gross margin in the first quarter, but missed revenue expectations as sales in its dolls and infant and toddler segments declined....
...Spotify booked the largest quarterly profit in its 18-year history as chief executive Daniel Ek makes good on his promise of a “new phase” for the streaming group after more than a decade of freer spending...
...Deutsche Bank reported its highest quarterly profit in 11 years in the first three months of 2024, as revenues were buoyed by strong fixed-income trading and M&A advisory operations while provisions for...
...Nvidia’s net income soared nearly 800 per cent in the latest quarter compared to the same period in 2022, HSBC reported an 80 per cent drop in quarterly profit, and Boeing is replacing the executive in charge...
...JPMorgan sees two ways this could happen: 1) A profit-led recession (“Wait for it”): As profit margins get squeezed, businesses begin to worry about their overall earnings....
...US toymaker Hasbro beat profit expectations and posted a smaller than expected fall in revenues in the first quarter as it executes a turnaround in the face of weak consumer demand....
...The South Korean company reported a Won2.89tn ($2.1bn) operating profit for the first three months of this year, well above the Won1.88tn profit estimate by LSEG SmartEstimate....
...The NBS struck a more positive tone on Saturday, reporting that in the first quarter, electronic industry profits were 82.5 per cent higher year on year, while auto manufacturing profits were up 32 per cent...
...UK high-street bank NatWest has reported a 27 per cent drop in first-quarter profits, as the benefits of rising interest rates fell away across the sector....
...TotalEnergies posted a 22 per cent drop in adjusted net profit to $5.1bn in the first quarter, still beating forecasts, as the French energy major grappled with faltering liquefied natural gas prices....
...Kering had issued a profit warning in March alerting investors to its deteriorating performance, a rarity in the luxury sector....
...Biogen posted higher than expected profits in the first quarter as a $1bn cost-cutting drive began to pay off, but sales of its novel Alzheimer’s drug Leqembi lagged behind expectations....
...Lloyds said pre-tax profits dropped year on year to £1.6bn, less than the £1.7bn analysts had expected....
...Royal Caribbean raised its full-year profit outlook for the second time this year as record bookings and higher ticket prices boosted earnings....
...ExxonMobil’s chief financial officer said the US oil major was closely watching the “pretty troubling” geopolitical events in the Middle East and Russia as the company reported first-quarter profits that...
...The Chinese territory’s bourse logged a profit of HK$2.97bn (US$379mn) in the first three months of this year, it said in a filing on Wednesday....
...NatWest reported a 27 per cent drop in first-quarter profits, as UK banks put the windfall gains from rapidly rising interest rates behind them....
...This is an audio transcript of the FT News Briefing podcast episode: ‘HSBC profits nosedive’ [MUSIC PLAYING] Sonja Hutson Good morning from the Financial Times....
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