Clearsprings Profits Jump

Asylum housing provider Clearsprings’ profits jump on high demand

Bumper profits risk fuelling government concerns over large amounts paid to private companies to handle politically sensitive issue

World - Financial Times - November 1

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 - October 30

Primark owner profits jump despite summer washout

It said clothes sales in the UK and Ireland grew despite dampened demand for beach and swimwear.

Snap shares jump 10% on profit beat, stock buyback

Snap reported third-quarter results on Tuesday that beat on the top and bottom lines, but the company issued light fourth-quarter guidance.

Business - CNBC - October 29

Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit

The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.

Business - The New York Times - October 31

Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Sony raised sales guidance for the full year and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.

Business - CNBC - November 8

Sony's Profit Jumps on Strength in Game, Image-Sensor Businesses

The Japanese company raised its annual revenue forecast after delivering a second-quarter profit beat.

Business - The Wall Street Journal - November 8

Sage shares surge 19% as UK software group launches buyback

Financial software provider announces plan for £400mn share buyback and raises dividend

World - Financial Times - 4 days ago

Alibaba posts profit beat as China looks to prop up tepid consumer spend

The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world's second-largest economy.

Business - CNBC - November 15

Rising energy bills push inflation to highest for six months

Higher inflation pushes up the cost of living for households, and could mean that interest rates remain higher for longer.

Airbnb misses on earnings but squeaks in a revenue beat

Airbnb reported third-quarter earnings Thursday that showed revenue up 10% year over year.

Business - CNBC - November 7

Bitcoin, dollar and Tesla jump as investors pile into ‘Trump trades’

Markets expect US president-elect to take light-touch approach to regulation

Business - Financial Times - November 11

'Exploitative' children's home profits to be curbed

The new measures aim to stop private care home providers benefiting excessively from a stretched system.

Chase Revenue Versus Build Profit

Five ways to strike the balance for sustainable growth.

Business - Inc. - 6 days ago

Alphabet Revenue Jumps 15% to $88.3 Billion

The tech giant’s 34 percent increase in quarterly profit topped Wall Street expectations, driven by its advertising and cloud businesses.

Tech - The New York Times - October 29

Amazon shares jump 6% after earnings beat

Amazon's latest upbeat results were driven by growth in cloud and digital advertising.

Business - CNBC - November 1

Oil Jumps as OPEC+ Further Delays Output Hike

Oil prices rose after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid growing concerns about weaker global demand and lower prices.

World - The Wall Street Journal - November 4

Retailers Jump at the Chance to Invest in Fifth Avenue

IKEA and Uniqlo join luxury fashion houses in owning, rather than leasing, huge retail spaces on the strip. Developers are cashing in.

Top stories - The New York Times - November 5

Palantir shares close up 23% to record on uplifting guidance

Palantir shares soared to a record on Tuesday after the software company reported better-than-expected results and issued uplifting guidance.

Business - CNBC - November 5

DJT stock jumps as former president Trump wins election, then pulls back

Trump Media & Technology rose Wednesday morning after its majority shareholder, former President Donald Trump, declared victory.

Business - MarketWatch - November 6

Tesla’s Stock Jumps After Trump’s Victory

Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.

Tech - The New York Times - November 8

Prison stocks jump on expectations of more detentions

Shares of GEO Group and CoreCivic surged on Wednesday in expectation that President-elect Donald Trump’s administration will detain more immigrants in facilities run by the companies.

Business - MarketWatch - November 6

Mortgage rates jump after Trump defeats Harris

Mortgage rates rose Wednesday morning as the financial markets reacted to Republican nominee Donald Trump winning the presidential election.

Business - MarketWatch - November 6

Lyft shares soar 20% on results and autonomous-vehicle partnership

Lyft reported third-quarter sales that beat expectations while offering an upbeat demand forecast, after the ride-hailing platform earlier in the day announced an autonomous-vehicle partnership ...

Business - MarketWatch - November 7

China’s retail sales jump but property gloom persists

Policymakers have unveiled a range of stimulus measures to restore confidence in the economy

World - Financial Times - November 15

X users jump to Bluesky - but what is it and who owns it?

Bluesky is picking up one million new users every day at its current rate.

China’s industrial profits plunge as economic momentum falters

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

Business - Financial Times - October 27

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

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 - October 29

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 - October 29

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 - October 29

StanChart to double investment in wealth management as profits rise

Wealth business had record quarter as revenues rose 32%

Business - Financial Times - October 30

UBS reports better than expected profits

Swiss bank’s markets business helped by increase in volatility

Business - Financial Times - October 30

Volkswagen profit plunges 64% as China sales slide

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

Business - Financial Times - October 30

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 - October 30

Latest in Clearsprings Profits Jump

Asylum housing provider Clearsprings’ profits jump on high demand

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

Primark owner profits jump despite summer washout

Snap shares jump 10% on profit beat, stock buyback

Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit

Sony raises guidance on gaming strength, quarterly operating profit beats estimates

Sony's Profit Jumps on Strength in Game, Image-Sensor Businesses

Sage shares surge 19% as UK software group launches buyback

Alibaba posts profit beat as China looks to prop up tepid consumer spend

Rising energy bills push inflation to highest for six months

Airbnb misses on earnings but squeaks in a revenue beat

Bitcoin, dollar and Tesla jump as investors pile into ‘Trump trades’

'Exploitative' children's home profits to be curbed

Chase Revenue Versus Build Profit

Alphabet Revenue Jumps 15% to $88.3 Billion

Amazon shares jump 6% after earnings beat

Oil Jumps as OPEC+ Further Delays Output Hike

Retailers Jump at the Chance to Invest in Fifth Avenue

Palantir shares close up 23% to record on uplifting guidance

DJT stock jumps as former president Trump wins election, then pulls back

Tesla’s Stock Jumps After Trump’s Victory

Prison stocks jump on expectations of more detentions

Mortgage rates jump after Trump defeats Harris

Lyft shares soar 20% on results and autonomous-vehicle partnership

China’s retail sales jump but property gloom persists

X users jump to Bluesky - but what is it and who owns it?

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

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

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