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Profit Warnings

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  • LONDON, Oct 29- Britain's No.2 clothing retailer Next cut its profit guidance on Wednesday after unusually warm weather suppressed demand for its winter wears, sending an ominous sign to rivals ahead of the crucial Christmas season. Next, which trades from over 500 stores in Britain and Ireland, about 200 stores overseas, and through its Directory internet and...

  • The results came on the day Honda was named as a defendant in a proposed class-action lawsuit over recalls of vehicles with air bags made by Takata Corp that have been linked to four deaths, all in Honda cars. Honda said it had not received the lawsuit and therefore could not comment. Honda has also been struck by five separate recalls for the same car- the hybrid...

  • Oct 28- Whirlpool Corp on Tuesday posted a higher quarterly profit, lifted by increased sales of its washers and dryers, cooktops, stoves and refrigerators in North America and Europe. But the world's largest maker of home appliances lowered its full-year profit outlook, citing costs from its acquisitions of Indesit Company SpA and Hefei Rongshida Sanyo...

  • CALGARY, Alberta, Oct 27- U.S. oil prices tumbled to a 28- month low below $80 per barrel on Monday after Goldman Sachs slashed its price forecasts amid further signs of lacklustre demand and booming supply, but crude later pared some losses as the U.S. dollar slipped. But the bounce failed to completely erase losses that came after Goldman Sachs cut its forecast for...

  • LONDON, Oct 27- Brent crude oil fell towards $85 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth. The bank said Brent could fall to $80 a barrel in the second quarter of 2015, with U.S. crude dipping as low as $70 while rising production in non- OPEC countries...

  • LONDON, Oct 27- Brent crude oil fell below $86 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lacklustre demand despite a pick-up in global economic growth. The bank said Brent could fall to $80 a barrel in the second quarter of 2015, with U.S. crude dipping as low as $70 while rising production in non- OPEC countries...

  • TOKYO, Oct 27- Brent crude futures fell below $86 a barrel on Monday after Goldman Sachs cut its price forecasts for the contract and for U.S. oil in the first quarter of next year by $15. The U.S. investment bank said in a research note on Sunday that it had cut its forecast for West Texas Intermediate to $75 a barrel from $90 and that for Brent to $85 from $100, with rising...

  • TOKYO, Oct 27- Brent crude futures extended declines to below $86 a barrel on Monday after Goldman Sachs cut its price forecasts for the contract and for U.S. oil by $15 in the first quarter of next year. The U.S. investment bank said in a research note on Sunday that it had cut its forecast for West Texas Intermediate to $75 a barrel from $90, and its prediction for Brent...

  • TOKYO, Oct 27- Goldman Sachs cuts its price forecast for Brent and West Texas Intermediate by $15 a barrel for the first quarter of 2015, saying rising production in non- OPEC countries outside North America is expected to outstrip demand. The U.S. investment bank cut its forecast for WTI to $75 a barrel from $90 and for Brent to $85 a barrel from $100, it said in a...

  • Goldman cuts WTI, Brent forecast by $15 for 2015 Sunday, 26 Oct 2014 | 8:40 PM ET

    TOKYO, Oct 27- Goldman Sachs cuts its price forecast for Brent and West Texas Intermediate by $15 a barrel for the first quarter of 2015 because rising production in non- OPEC countries outside North America is expected to outstrip demand. The U.S. investment bank cut its forecast for WTI to $75 a barrel from $90 and for Brent to $85 a barrel from $100, it said in a...

  • Oct 24- Colgate-Palmolive Co reported a 17 percent drop in third-quarter profit and lowered its full-year earnings forecast, hurt by weak demand in Brazil and China and a stronger U.S. dollar. Emerging markets, which generate about 50 percent of Colgate's net sales, have weakened in the past few months, with Brazil slipping into recession and China facing what is...

  • LONDON, Oct 23- British estate agent Foxtons warned profits would fall this year because of a marked slowdown in London's previously runaway property market, sending its shares tumbling by a fifth. Foxtons, which has become a symbol of the British capital's property boom, said sales volumes had fallen sharply and commissions were down in the third quarter.

  • *Estimates Q3 adjusted profit of 16- 19 cents/ share. Oct 22- 3 D Systems Corp slashed its full-year revenue forecast that fell short of analysts' expectations as it struggles to capitalize on demand for 3 D metal printers due to manufacturing constraints. 3 D Systems, whose shares fell as much as 16.6 percent, has been investing heavily in increasing capacity at...

  • Oct 22- Data storage equipment maker EMC Corp cut its full-year profit and revenue forecast, hurt by lower bookings at its VMware Inc unit and a strong dollar. Shares of EMC, which is under pressure from activist investor Paul Singer's Elliott Management Corp to spin off VMware, fell as much as 4 percent in early trading. The unit, owned 80 percent by EMC, forecast...

  • Oct 22- Data storage equipment maker EMC Corp cut its full-year profit forecast as it joins other companies affected by a surge in dollar that crimps demand for U.S. exports and reduces the value of overseas sales when translated back into dollars. EMC's shares were down about 1 percent in premarket trading. EMC also cited the timing of its $3 billion share...

  • ASOS annual profit falls 14% on strong pound Tuesday, 21 Oct 2014 | 2:20 AM ET

    British online fashion retailer ASOS posted a 14 percent fall in annual profit after the strength of sterling hit sales growth.

  • *Portugal Telecom drops as Rioforte set for liquidation. *Nutreco, Adidas, Havas surge on M&A activity. EDINBURGH, Oct 20- European stocks fell on Monday, trimming gains made in the previous session, as a profit warning by SAP hit technology shares.

  • *Tech sector weaker with Gemalto also sliding. *Nutreco, Adidas, Havas surge on M&A activity. Dutch tech firm Gemalto fell 3.2 percent after Barclays cut the stock to underweight from overweight, joining SAP as a top faller on the STOXX 600 Technology index, which was down 2.8 percent.

  • *Nutreco, Adidas, Havas surge on M&A activity. The market's losses were limited, however, by brisk M&A activity, boosting the shares of Nutreco, Adidas and Havas. German sportswear firm Adidas AG surged 5.6 percent after the Wall Street Journal reported that an investor group, that includes Jynwel Capital and funds affiliated with the Abu Dhabi government, was...

  • LONDON, Oct 17- British engineer Rolls-Royce warned on Friday that deteriorating economic conditions meant its profit would not rise next year as previously forecast, sending its shares plunging as much as 16 percent. Wherever you look there were signs of economic slowdown such as the fall in oil and iron ore prices, an absence of growth in Europe and a slowdown...