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Earnings Profit Warnings

  • LONDON, July 24- Britain has suffered the biggest downgrade of economic growth projections by the International Monetary Fund for the world's rich nations this year, prompting the finance ministry to renew its call for a smooth exit from the European Union. Britain's economy now looks set to grow by 1.7 percent this year, down from a forecast made in April of 2.0...

  • LONDON— The International Monetary Fund has revised down its 2017 growth forecast for the British economy following a weak first quarter that suggested the country's exit from the European Union was starting to weigh on consumers and businesses. During the first three months of the year, the British economy expanded by only 0.2 percent, lower than any other...

  • IMF SAYS CUTS 2017 UK GROWTH FORECAST BY 0.3 PERCENTAGE POINT TO 1.7 PCT; 2018 UK FORECAST UNCHANGED AT 1.5 PCT.

  • *Global stocks at record, Asia ex- Japan index hits 9-1/ 2- yr high. *Strong earnings propel Wall Street to close at all-time highs. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15 percent, hovering near its highest level since December 2007.

  • The Milwaukee- based motorcycle maker also said it would need to cut production in second half of 2017, resulting in hourly workforce reductions at some of its U.S. plants. Harley's shares were down 9 percent at $47.17 in late morning trading on Tuesday. "We are downgrading Harley-Davidson to' market-perform' based on increased conviction that motorcycle...

  • The Milwaukee- based motorcycle maker, which had previously forecast flat to modestly down full-year shipments, said it expects to ship 241,000 to 246,000 motorcycles in 2017, compared with 262,221 a year earlier. Harley's dealers in the United States had too many 2016 models at the end of the fourth quarter, which led the company to limit shipments of its 2017...

  • The Milwaukee- based motorcycle maker, which previously forecast "flat to down modestly" full-year shipments, said it expects to ship 241,000 to 246,000 motorcycles in 2017, compared with 262,221 a year earlier. The company said net income fell to $258.9 million, or $1.48 per share, in the quarter, from $280.4 million, or $1.55 per share, a year earlier.

  • July 18- Harley-Davidson Inc reported a 7.7 percent drop in quarterly profit and said full-year motorcycle shipments would decline about 6 percent to 8 percent, indicating slowing demand as its loyal baby boomer customer base ages. The company said net income fell to $258.9 million, or $1.48 per share, in the second quarter ended June 25, from $280.4 million, or...

  • Q2 impacted by lower software sales: Ericsson CEO

    Ericsson CEO Börje Ekholm responds to a drop in shares in the company after the group issued a earnings warning on the back of poor Q2 sales on Tuesday.

  • *UK mid-cap Carillion crashes 39 pct after profit warning. Outside the main blue chips, UK midcap construction support services company Carillion grabbed traders' attention after a profit warning and CEO exit sent its shares tumbling nearly 40 percent in heavy volumes. Carillion shares are among the most heavily shorted across the UK market with hedge funds...

  • *FTSE 100 up 0.3 pct, mid-caps down 0.2 pct. LONDON, July 10- Britain's top share index held firm on Monday as a rise among financials and commodities stocks lent support, though a plunge in Carillion's shares after a profit warning weighed on mid-caps. Carillion is one of the most-shorted UK firms, according to FCA disclosure data.

  • *Pulls out of construction markets in Qatar, Egypt, Saudi Arabia. July 10- The chief executive of Britain's Carillion quit on Monday as the building and support services group warned on full-year profit and said it was pulling out of three construction markets in the Middle East. Carillion shares plunged 35 percent to trade at 124 pence by 1200 GMT, having earlier...

  • *FTSE 100 up 0.4 pct, mid caps down 0.1 pct. LONDON, July 10- Britain's top share index held firm on Monday as a rise among financials and energy stocks lent support, though a plunge in Carillion's shares after a profit warning weighed on mid-caps. Carillion is one of the most-shorted UK firms, according to FCA disclosure data.

  • *UK mid-cap Carillion crashes 32 pct after profit warning. Outside the main bluechips, UK midcap construction support services company Carillion grabbed traders' attention after a profit warning and CEO exit sent its shares tumbling nearly 40 percent in heavy volumes. Carillion shares are among the most heavily shorted across the UK market with hedge funds...

  • *Pulls out of construction markets in Qatar, Egypt, Saudi Arabia. July 10- The chief executive of Britain's Carillion quit on Monday as the building and support services group warned on full-year profit and said it planed to pull out of three construction markets in the Middle East. The company said to conserve cash and cut debt it had decided to suspend dividends...

  • LONDON, July 10- European stocks edged higher on Monday, with banks and utilities the strongest sectors, as mergers and acquisitions rumbled on with some broker notes also prompting individual stock moves. Outside the main bluechips, UK midcap construction support services company Carillion grabbed traders' attention after a profit warning and CEO exit sent...

  • LONDON, July 6- British consumer goods maker Reckitt Benckiser trimmed its sales forecasts on Thursday, becoming one of the first companies to put a cost on a global cyber attack that disrupted its manufacturing and distribution. Several major companies, along with Russia's biggest oil firm and Ukrainian banks, were hit by a virus on June 27 that crippled...

  • LONDON, July 6- British consumer goods maker Reckitt Benckiser trimmed its sales forecasts on Thursday, becoming one of the first companies to put a cost on a global cyber attack that disrupted its manufacturing and distribution. Several major companies, along with Russia's biggest oil firm and Ukrainian banks, were hit by a virus on June 27 that crippled...

  • WASHINGTON, June 27- The International Monetary Fund on Tuesday cut its growth forecasts for the U.S. economy to 2.1 percent for both 2017 and 2018, dropping its assumption that President Donald Trump's tax cut and fiscal spending plans would boost growth. "We are removing that fiscal stimulus because now we have in front of Congress a budget that assumes an...

  • WASHINGTON, June 27- The International Monetary Fund said on Tuesday it had cut its growth forecasts for the U.S. economy to 2.1 percent in 2017 and 2018, dropping its assumption that the Trump administration's tax cut and fiscal spending plans would boost growth. In a statement following a review of U.S. economic policies, the IMF said the Trump...