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This collection of articles explores the fallout of the war in Ukraine on Western companies operating in Russia
...Each of the company’s non-voting shares — a quarter of the total in issue — were converted into an ordinary share carrying voting rights....
...The company is now bracing for an operating loss of €450mn, from a previous expectation of a €700mn loss....
...The company reported adjusted operating profit of €577mn on revenues of €12.8bn to the end of March. Free cash outflow was €-1.8bn....
...Lawler joined BP in 2014 from SandRidge Energy, a US-based oil and gas company, where he had served as executive vice-president and chief operating officer....
...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....
...Shares of online used auto retailer Carvana rallied more than 40 per cent on Friday after the company announced record operating profits in 2023....
...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....
...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....
...The move highlights some of the fallout western companies are feeling from the punitive measures against Moscow....
...However, the company blames the macroeconomic situation for its recent slowdown. In the 12 months to December, revenue fell 4 per cent while its adjusted operating profit fell 1 per cent....
...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....
...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...
...The filing requires developers to set up a local company or use a local publisher and host the back end of the app in China, said Bishop, who predicted that most companies would end up operating a second...
...The company said it generated strong engagement in the first quarter from subscribers in the UK with Fool Me Once, which had 98mn views....
...A manageable debt position supports the company’s hopes for a share buyback programme....
...Analysts had expected first-half operating profit to shrink by 24-30 per cent, according to estimates compiled by Bloomberg....
...Operating profit was up by nearly a fifth to £146mn, but the firm said this was driven by “one-off property related income”....
...Daniel Richards, a director at London-based maritime consultancy MSI, said delays at the ports could force some companies to hold extra stock....
...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....
...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....
...Times Media, the operating company for the newspapers, continued to grow subscriptions, to 565,000 at the end of June 2023....
...Thames Water has more than £18bn of debt including £15.6bn of net debt at the operating company level....
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