Tag Archives: profits

Superdry warns worse to come as profits plunge

Image copyright Reuters Superdry, best known for its coats and hoodies, has warned of weaker than expected profits, saying customers have not bought extra winter layers this year. It now expects annual profits of between £55m and £70m – analysts had been expecting around £84m. Superdry blamed warm weather, consumer uncertainty and a lack of innovation. The company is considering ...

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Global stocks eyeing sixth day in red, fret about growth and company profits

LONDON (Reuters) – World stocks marked a sixth straight day losses on Wednesday as fears about global economic growth kept sentiment fragile, with Wall Street tipped for a weak open and oil prices languishing near two-month lows. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville European shares ...

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Equity trading strength boosts profits at Morgan Stanley, Goldman

(Reuters) – Wall Street’s top investment banks reported better-than-expected quarterly profits on Tuesday, helped by strength in stock trading and equity underwriting, wrapping up what has been a strong quarter for the big U.S. banks. A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson Morgan Stanley’s (MS.N) gains from investment banking ...

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Card Factory warns on profits as weather dents sales

Image copyright Card Factory Shares in Card Factory have fallen 8% after it said weak consumer spending and “extreme” weather had caused a fall in sales and would mean lower profits. The greeting cards company has struggled over the past year, and its shares have fallen by a third. It now expects underlying earnings to be between £89m and £91m ...

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Delta Air shares slip as rising fuel costs weigh on profits

NEW YORK (Reuters) – Delta Air Lines (DAL.N) on Wednesday lowered its second quarter profit forecast due to rising fuel costs, and its shares fell as much as nearly 4 percent before trimming those losses. FILE PHOTO: Delta planes line up at their gates while on the tarmac of Salt Lake City International Airport in Utah September 28, 2013. REUTERS/Lucas ...

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Online shopping boom keeps hopes high for air freight profits

SYDNEY (Reuters) – An explosion of e-commerce demand is buoying the air freight business, boosting profit at some major airlines despite global trade tensions and underscoring robust consumer confidence. FILE PHOTO: Planes sit in a desert graveyard near Victorville, California, U.S. March 28, 2018. REUTERS/Lucy Nicholson/File Photo Air freight demand is expected to rise 4 percent this year, the International ...

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Airline profits this year unlikely at December forecast level: IATA CEO

SYDNEY (Reuters) – Profits for the airline industry will be solid this year but are unlikely to be at the level anticipated in December, the head of the International Air Transport Association said on Thursday. The International Air Transport Association (IATA) logo is seen at the International Tourism Trade Fair ITB in Berlin, Germany, March 7, 2018. REUTERS/Fabrizio Bensch Alexandre ...

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