Reports Lower Profits

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 - October 25

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

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 - 6 days ago

StanChart to double investment in wealth management as profits rise

Wealth business had record quarter as revenues rose 32%

Business - Financial Times - 6 days ago

Volkswagen profit plunges 64% as China sales slide

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

Business - Financial Times - 6 days ago

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 - 6 days ago

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 - 6 days 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 - 5 days 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 - 5 days 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 - 5 days 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 - 5 days ago

TotalEnergies Profit Falls as Downstream Margins Bite

TotalEnergies reported a sharpy-lower net profit in the third quarter on weaker refining margins, production and prices, but said output should pick up going forward.

Business - The Wall Street Journal - 5 days ago

Maersk Profit Rises as Red Sea Disruptions Continue

Maersk’s third-quarter net profit jumped after continued disruptions in the Red Sea shipping lanes pushed freight rates higher.

Business - The Wall Street Journal - 5 days ago

ING Lifts Outlook After Profit Beat

ING raised its total income outlook for the year and said it would distribute up to $2.7 billion to shareholders after net profits topped expectations.

Business - The Wall Street Journal - 5 days ago

Ryanair profit drops as airline cuts passenger forecast

European low-cost carrier blames pressure on consumers for fall in fares

Business - Financial Times - Yesterday

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 - 12 hours ago

DHL Owner Net Profit Falls on Costs

Deutsche Post reported a lower net profit on higher costs and said it expects earnings to grow in the fourth quarter, even in a muted economic environment.

Business - The Wall Street Journal - 13 hours ago

Primark owner profits jump despite summer washout

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

General Motors’ stock jumps after big profit beat, progress on EV profits

GM’s stock rallies toward a multiyear high after profit beat by a wide margin and the full-year outlook was raised.

Business - MarketWatch - October 22

Lions DE Aidan Hutchinson carted off the field with a gruesome lower leg injury

Aidan Hutchinson has been one of the best defensive players in the NFL.

Sports - Yahoo Sports - October 13

Latest in Reports Lower Profits

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

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

StanChart to double investment in wealth management as profits rise

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

TotalEnergies Profit Falls as Downstream Margins Bite

Maersk Profit Rises as Red Sea Disruptions Continue

ING Lifts Outlook After Profit Beat

Ryanair profit drops as airline cuts passenger forecast

Saudi Aramco Profit Falls on Oil-Price Weakness

DHL Owner Net Profit Falls on Costs

Primark owner profits jump despite summer washout

General Motors’ stock jumps after big profit beat, progress on EV profits

Lions DE Aidan Hutchinson carted off the field with a gruesome lower leg injury

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