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Earnings Profit Warnings

  • MOSCOW, May 24- The Russian central bank could cut its key rate to 8 percent by the end of the year, paving the way for an acceleration in an economic recovery, the chief economist at Russia's largest lender Sberbank said on Wednesday. Speaking on a conference call after Sberbank reported a record high net profit, Julia Tseplyaeva also said an economic recession in...

  • ATHENS, May 13- Greece cut its 2017 growth forecast to 1.8 percent from 2.7 percent, according to a mid-term budget plan unveiled late on Saturday, driven by uncertainty caused by delays in concluding the latest review of bailout reforms. Greece and its foreign creditors reached a deal on reforms in early May after six months of tense negotiations but the...

  • ATHENS, May 13- Greece cut its 2017 growth forecast to 1.8 percent from 2.7 percent, according to a mid-term budget plan unveiled late on Saturday, driven by uncertainty caused by delays in concluding the latest review of bailout reforms. Greece and its foreign creditors reached a deal on reforms in early May after six months of tense negotiations but the...

  • ATHENS, May 13- Greece cut its 2017 growth forecast to 1.8 percent from 2.7 percent, according to a mid-term budget plan unveiled late on Saturday, driven by uncertainty caused by delays in concluding the latest review of bailout reforms. Greece and its foreign creditors reached a deal on reforms in early May after six months of tense negotiations but the...

  • ATHENS, May 13- Greece cut its 2017 growth forecast to 1.8 percent from 2.7 percent, according to a mid-term budget plan unveiled late on Saturday, driven by uncertainty caused by delays in concluding the latest review of bailout reforms. Greece and its foreign creditors reached a deal on reforms in early May after six months of tense negotiations but the...

  • LONDON, May 11- BT, Britain's biggest telecoms group, said it would shake up its global service division that serves multinationals and scale back its dividend growth ambitions as it recovers from an accounting scandal in Italy and a profit warning. Reporting fourth-quarter revenue of 6.12 billion pounds, up 10 percent, and adjusted earnings of 2.07 billion...

  • LONDON, May 11- BT said on Thursday it would cut 4,000 jobs in its Global Services unit that serves multinationals and scale back its dividend growth ambitions in a drive to recover from an accounting scandal and a profit warning. The scandal in Italy in January, combined with a profit warning stemming from a slowdown in the work it does for governments, sent BT's...

  • LONDON, May 11- BT, Britain's biggest telecoms group, said it would shake up its global service division that serves multinationals and scale back its dividend growth ambitions as it recovers from an accounting scandal in Italy and a profit warning. Reporting fourth-quarter revenue of 6.12 billion pounds, up 10 percent, and adjusted earnings of 2.07 billion...

  • LONDON, May 11- BT, Britain's biggest telecoms group, said it would shake up its global service division that serves multinationals and scale back its dividend growth ambitions as it recovers from an accounting scandal in Italy and a profit warning. Reporting fourth-quarter revenue of 6.12 billion pounds, up 10 percent, and adjusted earnings of 2.07 billion...

  • LONDON, May 4- British fashion chain Next lowered its annual profit forecast on Thursday, counting the cost of tough trading conditions and self-inflicted problems with its product ranges. Next, Britain's most successful clothing chain in recent years, is one of a number of companies to feel the impact of a squeeze on consumer spending as inflation bites.

  • LONDON, May 2- Shareholders at British builder Bovis overwhelmingly backed a pay deal for the firm's new boss who is charged with turning around the ailing firm which was subject to two failed takeover bids after it issued a profit warning. Chief Executive Greg Fitzgerald's remuneration package includes a 650,000 pound salary, plus a performance-linked...

  • San Diego, California- based Qualcomm also slashed its profit and revenue forecasts for the current quarter, to account for the lost royalty revenue. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for "modem" chips that connect phones to wireless networks. Qualcomm said it now expects revenue of $4.8 billion- $5.6 billion for its third...

  • April 28- Qualcomm Inc said on Friday Apple Inc will not pay royalties to its contract manufacturers, that are owed to the chipmaker, for sales made in the first quarter of 2017.. The company said it now expects current-quarter revenue of $4.8 billion- $5.6 billion, down from the $5.3 billion- $6.1 billion it had expected previously. Qualcomm also cut its forecast...

  • April 25- Britain's Whitbread Plc, which runs the Costa Coffee chain and Premier Inn hotels, said it expected the consumer environment to deteriorate next year. The group said it would continue to focus on organic growth and delivering its efficiency programme as it turns more cautious. Whitbread said full-year underlying pretax profit rose 6.2 percent to 565...

  • *Q1 loss biggest since 2002, misses estimates. April 20- Mattel Inc reported a far bigger-than-expected quarterly loss and drop in sales on Thursday, hurt by poor demand by retailers for key brands Barbie and Fisher-Price and due to big discounts to move inventory left after weak holiday sales. Mattel's shares fell 6 percent to $23.70 after the bell.

  • LONDON, April 20- Moody's Investors Service has reduced its estimate of global green bond issues this year to nearly $120 billion from a forecast in January of $200 billion as the number of transactions and Chinese and development bank issuance declined. "If the current trend continues, green bond issuance will total nearly $120 billion for the year and eclipse...

  • *Sees 2017 adjusted EPS $2.40- 2.60 vs est $2.57. The Providence, Rhode Island- based company delivered 12 King Air turboprop aircraft, down from 26 a year earlier. King Air deliveries fell as customers in some international markets deferred their purchase due to economic uncertainty and strength of the dollar, Chief Executive Scott Donnelly said on a conference...

  • April 19- Textron Inc reported lower-than-expected quarterly revenue, hurt by a decline in sales in its aviation and Bell helicopter businesses, and the company lowered full-year earnings forecast to reflect its Arctic Cat Inc acquisition. Textron reduced its 2017 adjusted earnings forecast to $2.40- 2.60 per share, from $2.50- $2.70. Textron said the lowered...

  • April 19- Textron Inc reported lower-than-expected quarterly revenue, hurt by a decline in sales in its aviation and Bell helicopter businesses, and the company cut its full-year earnings forecast to reflect the Arctic Cat Inc acquisition. Textron reduced its 2017 adjusted earnings forecast to $2.40- 2.60 per share, from $2.50- $2.70. Textron's income from...

  • NAIROBI, April 12- The World Bank cut Kenya's economic growth forecast for this year by half a percentage point on Wednesday to 5.5 percent, citing drought, sluggish private sector credit growth and rising prices of oil. In its latest report on the Kenyan economy, the World Bank said growth would pick up after this year, driven by the expected normalisation of...