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Amazon.com
Amazon strikes ad data deal with Reach as Google kills off cookies
...Other publishers also use Mantis....
February 5, 2024
News in-depthWar in Ukraine
Western business, the Kremlin and the war
This collection of articles explores the fallout of the war in Ukraine on Western companies operating in Russia
April 16, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Amazon.com
Amazon to invest in start-ups that combine AI with robotics
...The Amazon industrial innovation fund has made 12 investments in total, including in Mantis Robotics, which is developing a robotic arm that uses sensors to work alongside humans....
February 28, 2024
Schroders PLC
Schroders launches search for successor to chief executive Harrison
...Each of the company’s non-voting shares — a quarter of the total in issue — were converted into an ordinary share carrying voting rights....
April 24, 2024
Adidas AG
Adidas scores a hit with first batch of unsold Yeezy shoes
...The company is now bracing for an operating loss of €450mn, from a previous expectation of a €700mn loss....
April 17, 2024
Thames Water
Thames Water bondholders demand emergency summit with troubled group
...While the Akin and Jefferies group claims to be “the largest co-ordinated group of operating company creditors”, other advisers have been trying to form rival groups representing separate bondholders....
April 26, 2024
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
Live news: Greece will not send air defence systems to Ukraine despite EU pressure
Airbus misses operating profit estimates
...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....
April 25, 2024
Travelista
Five ways to set sail in 2024
...Mantis, a small hotel-lodge collection operating across southern Africa, has just launched a compelling third option: the Kivu Queen uBuranga, the first luxury houseboat on Lake Kivu....
March 17, 2024
Ford Motor Co
Ford says UAW strike cut $1.3bn from operating earnings
...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....
October 26, 2023
News updates from February 23: Nvidia market value briefly tops $2tn, Navalny’s mother refuses Russian ultimatum
Carvana shares rally after posting record operating profits
...Shares of online used auto retailer Carvana rallied more than 40 per cent on Friday after the company announced record operating profits in 2023....
February 23, 2024
Adani Enterprises Ltd
Adani Enterprises’ coal trading margins double
...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....
November 2, 2023
Investments
Investors’ Chronicle: Associated British Foods, Mobico, Warpaint London
...The statutory figures were significantly worse, with the company banking an operating loss of £21.4mn....
April 26, 2024
News updates from January 25: US economy grows 3.3% in fourth quarter, ECB keeps interest rate at 4%
SK Hynix operating profits boosted by AI memory chip demand
...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...
January 25, 2024
News updates from February 8: S&P 500 breaks through 5,000, Zelenskyy appoints new top general
Maersk warns it will end 2024 in an operating loss amid Red Sea disruption
...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....
February 8, 2024
JPMorgan Chase & Co
Russian court orders seizure of $440mn from JPMorgan
...The move highlights some of the fallout western companies are feeling from the punitive measures against Moscow....
April 24, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Associated British Foods PLC
Primark owner’s profits soar as investments provide boost
...Chief executive George Weston said the performance was driven by investments in the company over the past few years such as opening new stores or automating some warehouses, and profit margins “recovering...
April 23, 2024
News updates from April 23: Tesla to speed up launch of ‘affordable’ models; US regulator bans non-compete agreements
General Motors upgrades guidance after quarterly revenue beat
...The company reported revenue increased 7.6 per cent to $43bn in the first quarter, beating analyst expectations for $42bn. Adjusted operating earnings rose 2 per cent to $3.9bn....
April 23, 2024
Personal Finance
Investors’ Chronicle: Ultimate Products, Tesco, THG
...A manageable debt position supports the company’s hopes for a share buyback programme....
April 12, 2024
Kering SA
Shares in Gucci owner Kering sink after profit warning
...Analysts had expected first-half operating profit to shrink by 24-30 per cent, according to estimates compiled by Bloomberg....
April 24, 2024
NatWest Group
NatWest profits fall 27% as interest rate benefits fade
...In results for the three months to March the lender reported pre-tax operating profit of £1.3bn, compared with £1.8bn in the same period a year earlier — in line with analyst expectations....
April 26, 2024
Grant Thornton International Ltd
Grant Thornton partner pay jumps 11% despite growth slowing
...Operating profit was up by nearly a fifth to £146mn, but the firm said this was driven by “one-off property related income”....
March 28, 2024
Supply chains
Mediterranean ports warn of overflowing storage yards in latest threat to supply chain
...Daniel Richards, a director at London-based maritime consultancy MSI, said delays at the ports could force some companies to hold extra stock....
April 23, 2024
LexRoyal Mail
A Royal Mail bid will only deliver controversy Premium content
...Meanwhile, international delivery division GLS is expected to make £350mn in operating profits next fiscal year. That unit makes similar operating margins to Deutsche Post DHL....
April 17, 2024
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...At Kohl’s, they generated 381 per cent of total operating income, meaning without credit cards, the company would have made an operating loss. Late fees are a big money spinner....
April 5, 2024
News Group Newspapers Ltd
Murdoch’s UK empire hit by a further £51mn in costs over phone hacking
...Times Media, the operating company for the newspapers, continued to grow subscriptions, to 565,000 at the end of June 2023....
April 9, 2024

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