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Shares fall after streaming pioneer says it will stop disclosing subscriber numbers and shift focus to viewer engagement
...His comments come after the airline swung back to profit last year following a post-pandemic travel boom....
...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...
...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....
...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....
...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....
...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...
...The purchase comes after the company posted its 2023 results, in which pre-tax profit more than halved due to higher interest rates hitting the value of its properties....
...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....
...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....
...Net profit was NT$225.49bn in the three months to March 31, the world’s largest chip manufacturer said....
...The EU will push ahead with a proposal to utilise profits from immobilised Russian sovereign assets, despite a warning from the bloc’s central bank head that proposals to tap the assets could be “construed...
...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....
...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....
...Growing instances of strikes by airport personnel have hit Lufthansa’s profits, causing the German carrier to lower its full-year outlook on margins....
...Profits jumped by more than a third at the owner of Primark in the first half as the sprawling business group returned “to some normality” after years of upheaval in its supply chain....
...The largest US banks are set this year to earn higher profits from their lending businesses than expected as it becomes more likely that the Federal Reserve will make only modest cuts to benchmark interest...
...These have generated €3.85bn in profits after tax since Russia’s full-scale invasion. Belgium has been taxing those profits at its regular 25 per cent corporate rate....
...AIB posted a 2023 profit after tax of €2bn, while BoI turned a profit of €1.94bn before tax....
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