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...But other analysts say the retail unit’s value is much lower: Ambit Capital recently estimated it at $57bn, and JM Financial at $100bn....
...Analysts polled by LSEG expect earnings to increase 11 cents to $1.69 a share....
...Other companies: Food and beverage maker JM Smucker and discount retailer Big Lots will report earnings before the bell....
...And here’s what else I’m keeping tabs on today: Company results: Devon Energy, Constellation Energy, Lowe’s, JM Smucker, Norwegian Cruise, and Macy’s report earnings before the bell....
...Takfarines wears Louis Vuitton wool gabardine jacket, £3,527, cotton top, £481, and wool gabardine trousers, £1,152. JM Weston leather Derby shoes (just seen), £762....
...RTX shares notched a historic drop after the US aerospace and defence group reported issues related to an estimated 1,200 of its Pratt & Whitney engines fitted to Airbus commercial jets....
...JM Smucker: Food and beverage maker JM Smucker is expected to report quarterly revenue and profit grew as demand for items like peanut butter and coffee remained strong despite price increases....
...US share moves to note on Wednesday included Nvidia and food companies: Nvidia shares fell 1.6 per cent as the Biden administration weighed new export controls on chip sales to China....
...Five more top stories 1....
...RTX said it would post a charge of up to about $3.5bn in the third quarter, mostly owing to compensating its customers, and $1.5bn less in free cash flow in 2025, a greater hit than it initially signalled...
...Hapag-Lloyd, which enjoyed a 40-fold earnings increase between 2019 and 2022, announced in April that it had acquired a 40 per cent stake in Indian port operator JM Baxi....
...HP, Box and JM Smucker also report results....
...Analysts forecast fourth-quarter earnings per share decreased to $1.57, down from $3.21 in the same period a year prior....
...Five more top stories 1. A dam spanning Ukraine’s most significant river has been breached following an explosion....
...Gold bars, Bentleys, Hermès handbags, wads of cash, luxury apartments, a daring escape attempt and a police investigation that has captured global attention . . . the S$1.8bn money-laundering case gripping...
...As Hugo Bedford, chief executive of JM Finn, a wealth firm dating back to the 1940s, says: “People now appreciate an investment manager with an explanation....
...Overall earnings dropped 4 per cent during the quarter despite revenue rising 1 per cent. Nestlé has a similar story to tell....
...Five more stories in the news 1....
...In the US, JM Smucker, maker of Meow Mix, and General Mills, owner of Blue Buffalo, have both reported a sharp rise in pet food sales thanks to higher prices and demand....
...Smith, 48, will quit as chief of the financial services advisory firm on September 1 and move into an advisory role....
...Smith, 48, will quit as chief on September 1 and move into an advisory role....
...In JM Barrie’s play Peter Pan, the audience is asked to clap if they believe in fairies. If they fail to clap, the character Tinkerbell the fairy will die....
...However, I am still going to enjoy my carefully curated and clearly remembered “memory” of Mo Farah’s 2012 victory in the 1,500 metres. Or was it the 5,000?...
...jemima.kelly@ft.com Letters in response to this article: Crypto is no worse than gaming in a Goan casino / From JM Manchanda, New Delhi, India Crypto, the dollar and Churchill on democracy / From Paul...
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