Earnings Profit Warnings

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  • PARIS, July 21- Dassault Aviation cut its delivery forecast for Falcon business jets by 17 percent after posting lower first-half operating income and revenue on Thursday, hit by a price battle in the economically sensitive business jet market. Chief Executive Eric Trappier said the first half had been marked by economic and geopolitical uncertainty,...

  • PARIS, July 21- Dassault Aviation on Thursday posted lower first-half operating income and revenue, hurt by a battle over prices in the weak business jet market, and reduced its forecast for Falcon business jet deliveries to 50 aircraft from 60 for 2016.. The family-controlled aerospace firm, which also builds Rafale warplanes, said it had concluded...

  • PARIS, July 21- Dassault Aviation on Thursday posted lower first-half operating income and revenues, driven in part by pricing pressure on its business jet division, and reduced its forecast for Falcon business jet deliveries to 50 aircraft from 60 for 2016.. The family-controlled aerospace firm, which also builds Rafale warplanes, said it had concluded...

  • LONDON, July 21- European stock markets fell on Thursday, weighed down by a drop in the shares of major airlines after Lufthansa issued a profit warning. The pan-European STOXX 600 index and the similar FTSEurofirst 300 were both down by 0.5 percent, with many investors focusing on the European Central Bank's meeting later in the day. We don't own any airline...

  • That compared with $131 million, or 26 cents a share, in the same period a year ago and was well ahead of analysts' expectations, on average, of 29 cents a share, according to Thomson Reuters I/B/E/S. It's a deep beat relative to our numbers and the street, " BMO Capital Markets analyst Andrew Kaip said. Newmont, which has mines in the Americas, Africa, Australia and Asia...

  • TEL AVIV, July 20- Israel's Finance Ministry on Wednesday lowered its economic growth forecast for 2016 by 0.3 percentage point to 2.5 percent, citing weak global growth that has hurt Israeli exports. The improvement in wages and the labour market support growth in government revenues, the ministry said, as it raised its 2016 forecast by 4.2 billion shekels to...

  • IMF CUTS GLOBAL GROWTH FORECASTS TO 3.1 PCT FOR 2016, 3.4 PCT FOR 2017, DOWN 0.1 PERCENTAGE POINT FROM APRIL FORECASTS FOR EACH YEAR.

  • IMF SAYS CUTS 2016 UK GROWTH FORECAST TO 1.7 PCT FROM 1.9 PCT IN APRIL; 2017 UK GROWTH FORECAST CUT TO 1.3 PCT FROM 2.2 PCT IN APRIL.

  • FRANKFURT, July 18- German container line Hapag-Lloyd warned investors that profit would fall in 2016 and signed a binding agreement with Arab peer UASC to form the world's fifth largest shipping company in response to a global industry crisis. "We are able to combine UASC's emerging global presence and young and highly efficient fleet with Hapag-Lloyd's...

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    Swatch Group warned investors that profit would at least halve in the first half of 2016 as sales fell in Hong Kong and Europe.

  • ABU DHABI/ DUBAI, July 14- Abu Dhabi Islamic Bank warned on Thursday it was restricting the amount of new credit it was extending due to an increase in defaults across its business lines. This came after the bank posted a 1 percent rise in second-quarter net profit to 507.5 million dirhams, a result which beat the forecasts of analysts at EFG Hermes and Arqaam...

  • OTTAWA, July 13- The Bank of Canada cut its growth forecast for 2016 but held rates steady on Wednesday, saying it believed exports and business investment would pick up even though it may have underestimated structural challenges facing businesses. The central bank also toughened its warnings about possible speculation in the Toronto and Vancouver housing...

  • OTTAWA, July 13- The Bank of Canada cut its growth forecast for 2016 but held rates steady on Wednesday, saying exports continued to disappoint and acknowledging it may have underestimated structural challenges facing businesses. In explaining its decision to leave interest rates unchanged even as it cut its expectations for Canadian and global growth, the...

  • OTTAWA, July 13- The Bank of Canada cut its growth forecast on Wednesday as disappointing exports and global uncertainties dampened demand, and warned that while it expected business investment to rise, it may have underestimated structural challenges facing industry. In explaining its decision to hold rates steady even as it cut its 2016 GDP forecast to 1.3...

  • NEW YORK, July 12- The U.S. Energy Information Administration cut its forecast for U.S. oil demand growth in 2016, and increased its demand growth forecast for 2017, according to a monthly outlook issued on Tuesday. U.S. petroleum and liquid fuel consumption will still reach an average of 19.68 million bpd in 2017, in line with previous estimates, said the U.S....

  • European airlines slump on Brexit vote, IAG warns on profit.

  • LONDON, June 24- Airline stocks plunged on Friday and IAG said it would no longer meet its profit targets this year after Britain's vote to leave the EU raised concerns over travel demand and flying rights. Airlines with a strong focus on the UK market were worst hit, with IAG, easyJet, Wizz Air and Ryanair all down by 18-22 percent. Ahead of the vote, airline bosses had...

  • MOSCOW, June 23- Russia's Central Bank said on Thursday it had decreased its inflation forecast for the end of 2016 to between 5 and 6 percent.

  • The forecast cut overshadowed the Red Hat's plan to buy back up to $1 billion in stock and sent the company's shares down 5.5 percent to $75.36 in extended trading on Wednesday. Red Hat did not disclose financial terms of the 3 scale deal, but said its expects the acquisition to increase its adjusted operating expenses for fiscal 2017 by about $5 million, or 3 cents...

  • The company's shares fell 6 percent to $74.90 in extended trading on Wednesday. Red Hat lowered its adjusted profit to about $2.19- $2.23 per share from $2.22- $2.26. The forecast was also below analysts average estimate of $2.24, according to Thomson Reuters I/B/E/S.