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This collection of articles explores the fallout of the war in Ukraine on Western companies operating in Russia
...The advisory services company, which is part of Los Angeles-based B Riley Financial, does restructuring and turnaround work, forensic accounting and litigation support, and valuations....
...The company reported adjusted operating profit of €577mn on revenues of €12.8bn to the end of March. Free cash outflow was €1.8bn because of higher inventory as it builds up production....
...The San Francisco-based company reported operating profit of $172mn for the first three months of the year, compared with analysts’ forecasts for more than $600mn....
...The combination of Informa’s strong operating performance and the Microsoft partnership meant the London-listed company was on track to hit the upper end of its market guidance on revenues, adjusted operating...
...Group operating profit rose fourfold, to €170mn, in its second quarter compared with a year previously, and the company raised its full-year revenue growth forecast from 3-7 per cent to 10-12 per cent....
...Ford lost $1.3bn in operating earnings due to the United Auto Workers’ strike of nearly six weeks, the company said on Thursday, a day after striking a deal with the union....
...Company-specific issues exacerbate this. Lufthansa’s first-quarter operating loss of €849mn, a deterioration from €273mn the prior year, included a €350mn hit from strike action....
...Shares of online used auto retailer Carvana rallied more than 40 per cent on Friday after the company announced record operating profits in 2023....
...The Japanese gaming company expects operating income to fall by about a quarter to ¥400bn ($2.6bn) in the year to next March on ¥1.35tn in net sales, missing market estimates, with a big drop in Switch sales...
...Parks remain a vast source of operating income for Disney, and the largest area of employment....
...Indian infrastructure tycoon Gautam Adani’s flagship company withstood a collapse in coal trading revenues to post a rise in quarterly operating profits, in results published Thursday....
...But the Japanese carmaker’s forecast of a significant fall in operating profit for the current financial year tells the true story: it is still playing catch-up on battery electric vehicles....
...The company reported operating profit before exceptional items of €68mn in the first three months of the year, beating analysts’ expectations and up from €9mn a year earlier....
...The company in April said it delivered 13,588 vehicles during the first three months of the year....
...Peel Hunt analyst Douglas Jack warned that borrowing costs still remained high for many private companies but added: “Confidence is improving as real disposable income is growing and interest rates are forecast...
...However, the quarter still compared favourably with a $262mn operating loss reported for the first three months of 2023. Read more here...
...UK legislation mandating the national minimum wage for all crew operating in UK waters is also expected to take effect later this year....
...Eric Lai, a research fellow at Georgetown Center for Asian Law, said the court ruling could force tech companies to assist “the government’s suppression of free expression in the digital space”, making operating...
...The Korean company, which supplies the “high bandwidth memory” chips used in Nvidia’s H100 GPUs, posted an operating profit of Won346bn ($260mn), outstripping analysts’ expectations compiled by LSEG SmartEstimate...
...The Danish group, the world’s second-largest container company, said underlying operating profit in 2024 would range from a loss of $5bn to zero and would be “front-loaded” to the start of the year....
...For the fiscal year through March 2025, the company expects an operating profit of ¥4.3tn ($28bn) compared with ¥5.3tn in fiscal year 2024, an estimate that was significantly below analysts’ expectations...
...The company also raised its adjusted earnings target for the full year....
...The statutory figures were significantly worse, with the company banking an operating loss of £21.4mn....
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