Latest in BP's Profit Hits Four Year Low on Commodity Market Weakness
Sort by
2,998 items
-
BP's Profit Hits Four-Year Low on Commodity Market Weakness
BP’s profit tumbled in the third quarter, although less than expected, as weak oil prices and refining margins continue to weigh on the energy sector.Business - The Wall Street Journal - October 29 -
BP reports lowest quarterly profit since pandemic on weak oil prices
Energy group pledges to review share buyback plan in February after latest $1.75bn repurchaseBusiness - Financial Times - October 29 -
BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit
British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.Business - CNBC - October 29 -
HMRC investigations into serious tax fraud and avoidance hit six-year low
UK revenue authority says its teams are focusing their work on the highest-impact casesBusiness - Financial Times - November 10 -
Investors need clarity on BP policy not boss’s weak promises
Shareholders still do not know if giant will jettison goal to cut oil and gas production by 25% by 2030. There goes another of BP’s shiny targets-cum-ambitions. This one is not related to the pace ...World - The Guardian - October 29 -
Weak jobs data can’t stop 10-year yield’s climb as stock-market rally lost steam
Bond-market traders shook off Friday’s weak nonfarm payrolls report for October by sending the benchmark 10-year yield to its highest level since early July, which may have sapped some momentum out ...Business - MarketWatch - November 1 -
BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas
The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.Business - The New York Times - October 29 -
UK borrowing costs hit highest level this year as gilt sell-off intensifies
Bond markets unnerved by scale of extra borrowing in chancellor Rachel Reeves’ BudgetBusiness - Financial Times - October 31 -
First-time home buyers’ share of home sales hits 43-year low, real-estate group says
It has never been this challenging to be a first-time home buyer.Business - MarketWatch - November 5 -
Saudi Aramco Profit Falls on Oil-Price Weakness
The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 billion.Business - The Wall Street Journal - November 5 -
Barclays shares hit nine-year high after third quarter profit jumps 23%, beating expectations
British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations.Business - CNBC - October 24 -
Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto marketBusiness - Financial Times - October 25 -
BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19
BP’s profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasolineBusiness - MarketWatch - October 29 -
This closely watched stock-market indicator hit a 2½-year high. What it says will happen next.
Wall Street was growing more bullish in the final weeks before the Nov. 5 presidential election — a contrarian sign that may suggest limited upside for U.S. stocks.Business - MarketWatch - November 2 -
Roki Sasaki to be posted to MLB: 23-year-old Japanese ace will hit market through international free agency
The Chiba Lotte Marines have not laid out a schedule for Sasaki's postingSports - CBS Sports - November 9 -
Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks
Eni lowered its guidance for the year due to a decline in oil prices which also hit the Italian energy major’s third-quarter profits, but said it planned to increase its share buy backs.Business - The Wall Street Journal - October 25 -
Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas
Vice-president seeks to energise women voters as White House race against Donald Trump tightensBusiness - Financial Times - October 26 -
Nasdaq hits record high as tech stocks rebound from summer sell-off
Sharp turnaround from 15% slide as investors make ‘heads I win, tails you lose’ betBusiness - Financial Times - October 25 -
Caterpillar’s stock falls as weak equipment sales lead to a rare profit miss
Caterpillar’s stock fell after a rare profit miss, while revenue was below expectations for a fourth straight quarter.Business - MarketWatch - October 30 -
Views of China hit new low: Survey
Americans have a deteriorating view of China and its relations with the U.S., according to a Thursday report published by the Chicago Council on Global Affairs. Participants ranked the country 26 ...Politics - The Hill - October 24 -
Four reasons the bull market for stocks can continue
Also: Apple and more Big Tech earnings, bond ETFs and some easy Medicare savings.Business - MarketWatch - November 2 -
AI Investments Are Booming, but Venture-Firm Profits Are at a Historic Low
Investors hope the Trump administration will make tech acquisition deals easier.Tech - The Wall Street Journal - 3 days ago -
OMV Misses Views as Weak Refining, Oil Trading Hit Results
The energy company’s third-quarter profit tumbled and missed expectations on lower refining margins and sales volumes from its oil-and-gas unit.Business - The Wall Street Journal - October 29 -
Lowe’s CEO confident in retailer’s ability to manage Trump tariffs after earnings beat
“We feel good about the processes and the systems we put in place since the first Trump administration, to manage tariffs,” said Lowe’s CEO Marvin R. EllisonBusiness - MarketWatch - 2 days ago -
BNP profits rise driven by global markets business
Eurozone’s biggest bank posts gains for third quarter across equities and fixed-income tradingBusiness - Financial Times - October 31 -
FirstFT: Twin scandals hit PwC’s Asia profits
Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?World - Financial Times - October 29 -
Vistry shares plunge as cost overruns hit profits
UK housebuilder blames ‘insufficient management capability’ and ‘poor divisional culture’ for underestimating costsBusiness - Financial Times - November 8 -
Target shares tumble as retailer’s holiday forecast disappoints
US retailer blames muted sales of non-essential items and rising costsWorld - Financial Times - Yesterday -
Instacart’s weak outlook for the end of the year drags the stock lower
Instacart says sales are up 12%, but investors worry about weaker outlook and the prospect of cooling demand.Business - MarketWatch - November 13 -
Lloyds Banking Beats Views as U.K. Borrowers Remain Resilient
The U.K.’s largest mortgage provider confirmed its full-year guidance after pretax profit fell by less than expected on lighter impairments for bad loans as British borrowers remained resilient ...Business - The Wall Street Journal - October 23 -
BBVA Profit Beats Market Views on Mexico, Spain Growth
Banco Bilbao Vizcaya Argentaria’s third-quarter performance in Spain and Mexico, its key markets, drove its profit above market expectations.Business - The Wall Street Journal - October 31 -
Commerzbank Lifts Guidance as UniCredit Circles
Commerzbank lifted its full-year guidance for some key metrics and said its strategy is paying off, as UniCredit continued to signal interest in a tie-up with the German lender.Business - The Wall Street Journal - November 6 -
Ahold Delhaize Net Profit Misses Market Views, Issues Buyback
The Dutch grocer outlined a share buyback program, despite reporting a worse-than-expected fall in third-quarter net profit.Business - The Wall Street Journal - November 6 -
Employee Happiness Is Bouncing Back After a 4-Year Low
Employees haven’t been feeling optimistic lately, but their hopes seem to be rising in the year’s second half, according to a new report.Business - Inc. - October 30