Billion Profit - QuikReader

Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.

Business - CNBC - 22 hours ago

World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).

Business - CNBC - October 22

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 - 2 days ago

Oil giant Shell posts $6 billion profit beat, launches new share buyback program

British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp drop in crude prices was offset by higher gas sales.

Business - CNBC - 5 hours ago

Iberdrola Profit Lifted by Record Investments

Spain’s energy giant Iberdrola posted a 50% rise in net profit for the first nine months of the year helped by record-high investments in its U.S. and U.K. networks.

Business - The Wall Street Journal - October 23

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

Billions of levelling-up cash in limbo

Towns and cities call on the Labour government to deliver the funds promised for vital regeneration.

Mass deportation could cost billions

Bankrolling mass deportation would be costly. It would also require a lot more manpower.

Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

Morgan Stanley rounds off strong earnings season

Business - Financial Times - October 16

Whitbread Aims to Boost Profit, Shareholder Returns

The U.K. hotel-and-restaurant company said it forecasts an increase of at least £300 million in profit by fiscal 2030, and to generate more than £2 billion for dividends, share buybacks and ...

Business - The Wall Street Journal - October 16

ABB Posts Higher Profit, Raises Margin Guidance

The Swiss industrial-technology company’s profit and revenue rose as the electrification business offset weakness in robotics, discrete automation and e-mobility.

Business - The Wall Street Journal - October 17

CVS replaces CEO as profits, share price suffer

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday.

Tele2 Posts Higher Profits; Backs Targets

Tele2 reported a slightly higher third-quarter net profit, helped by growth in revenue from its core telecommunications services, though revenue and underlying earnings were a touch below ...

Business - The Wall Street Journal - October 22

Kering warns on profit as Gucci sales plunge

French luxury group grapples with turnaround at its biggest brand as demand dips in Asia

Business - Financial Times - October 24

Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year

Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.

Business - CNBC - October 24

Tesla Surprises Wall Street With Strong Third-Quarter Results

The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.

Business - The Wall Street Journal - October 24

Barclays profits rise 23% as dealmaking returns

UK bank lifts guidance for net interest income

Business - Financial Times - October 24

Hasbro’s third-quarter profit beats expectations, but its stock slips

Hasbro Inc.’s third-quarter profit beat expectations Thursday, fueled by its gaming and licensing businesses shares, but the toy maker’s stock is down 4%.

Business - MarketWatch - October 24

NatWest profits rise by a quarter as lending and deposits grow

Bank also sets aside £245mn in provisions for bad loans, higher than expectations of £173mn

Business - Financial Times - 6 days ago

China’s industrial profits plunge as economic momentum falters

Steep monthly decline in September comes as policymakers battle to restore confidence

Business - Financial Times - 4 days ago

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 - 2 days ago

In Botswana’s Election, Diamond Profits Are a Defining Issue

The party that has governed the country since 1966 could lose power as the economy struggles from a slump in demand for diamonds, which made Botswana an African success story.

World - The New York Times - Yesterday

Clariant Third-Quarter Profits Miss Expectations

The chemicals company reported weaker results for the three months through September and cautioned that it didn’t expect a significant economic recovery in 2024 due to persistent economic challenges.

Business - The Wall Street Journal - 2 days ago

Santander's Profit Beats Expectations on Lower Provisions, Costs

Spain’s largest bank by market capitalization reported a 12% on-year increase in net profit for the three months ended Sept. 30, as lighter provisions and costs helped offset the impact from the ...

Business - The Wall Street Journal - 2 days ago

UK borrowing costs hit post-election high on eve of Reeves’ first Budget

Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990s

Business - Financial Times - Yesterday

StanChart to double investment in wealth management as profits rise

Wealth business had record quarter as revenues rose 32%

Business - Financial Times - Yesterday

UBS reports better than expected profits

Swiss bank’s markets business helped by increase in volatility

Business - Financial Times - Yesterday

Volkswagen profit plunges 64% as China sales slide

Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains

Business - Financial Times - Yesterday

Next profits poised to top £1bn for first time

UK retail bellwether raises outlook for third time in three months on the arrival of colder weather

World - Financial Times - Yesterday

Volkswagen Profit Shrinks as Unions Threaten Strike

Germany’s biggest automaker said its profit dropped 42 percent in the third quarter, as union leaders warned that workers were ready to walk out over a wage dispute.

Business - The New York Times - 20 hours ago

Reddit shares close up 42% on profitability, rosy guidance

Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.

Business - CNBC - 19 hours ago

Samsung Sees Progress in Memory Chips for AI After Delays

The South Korean tech giant reported better-than-expected net profit but earnings in its core semiconductor business shrank sharply.

Tech - The Wall Street Journal - 9 hours ago

Aker Solutions Upbeat Despite Profit Miss

Aker Solutions reported below-forecast third-quarter results but said its outlook remained positive with high tender activity.

Business - The Wall Street Journal - 8 hours ago

BNP profits rise driven by global markets business

Eurozone’s biggest bank posts gains for third quarter across equities and fixed-income trading

Business - Financial Times - 9 hours ago

Latest in Billion Profit

Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

Oil giant Shell posts $6 billion profit beat, launches new share buyback program

Iberdrola Profit Lifted by Record Investments

Debt rule to change to fund major projects

Billions of levelling-up cash in limbo

Mass deportation could cost billions

Wall Street banks enjoy bumper fees as debt issuance and deals activity rebound

Whitbread Aims to Boost Profit, Shareholder Returns

ABB Posts Higher Profit, Raises Margin Guidance

CVS replaces CEO as profits, share price suffer

Tele2 Posts Higher Profits; Backs Targets

Kering warns on profit as Gucci sales plunge

Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year

Tesla Surprises Wall Street With Strong Third-Quarter Results

Barclays profits rise 23% as dealmaking returns

Hasbro’s third-quarter profit beats expectations, but its stock slips

NatWest profits rise by a quarter as lending and deposits grow

China’s industrial profits plunge as economic momentum falters

FirstFT: Twin scandals hit PwC’s Asia profits

In Botswana’s Election, Diamond Profits Are a Defining Issue

Clariant Third-Quarter Profits Miss Expectations

Santander's Profit Beats Expectations on Lower Provisions, Costs

UK borrowing costs hit post-election high on eve of Reeves’ first Budget

StanChart to double investment in wealth management as profits rise

UBS reports better than expected profits

Volkswagen profit plunges 64% as China sales slide

Next profits poised to top £1bn for first time

Volkswagen Profit Shrinks as Unions Threaten Strike

Reddit shares close up 42% on profitability, rosy guidance

Samsung Sees Progress in Memory Chips for AI After Delays

Aker Solutions Upbeat Despite Profit Miss

BNP profits rise driven by global markets business

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