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Earnings Profit Warnings

  • *STOXX 600 down 0.8 pct. LONDON, June 21- Weakness among financial and retail stocks sent European shares sliding again on Wednesday, as Provident Financial fell sharply after a profit warning. Europe's STOXX 600 fell 0.8 percent, extending the previous session's losses, while euro zone stocks fell more sharply, down 1 percent along with the bloc's blue chips.

  • LONDON, June 21- Weakness among financial and retail stocks sent European shares down again on Wednesday, as a profit warning sent Provident Financial sharply down. Banks were among the top fallers on France's CAC 40 and GErmany's DAX. Gains from Whitbread and Centrica, however, helped the FTSE 100 outperform peers despite Provident's fall.

  • LONDON, June 21- Weakness among financial and retail stocks sent European shares down again on Wednesday, as a profit warning sent Provident Financial sharply down. Banks were among the top fallers on France's CAC 40 and GErmany's DAX. Gains from Whitbread and Centrica, however, helped the FTSE 100 outperform peers despite Provident's fall.

  • Kroger shares closed sharply lower, off 18.9 percent at $24.56, a level unseen since the summer of 2014, and pulled the entire sector down. Food retailing is changing rapidly in the United States. "We will not lose on price," Kroger Chief Executive Rodney McMullen said in a statement.

  • Kroger shares were sharply lower in midday trading, off 17.7 percent at $24.91, a level unseen since the summer of 2014, and pulled the entire sector down. Food retailing is changing rapidly in the United States. "We will not lose on price," Kroger Chief Executive Rodney McMullen said in a statement.

  • *Kroger sees full-yr adj. profit $2.00- $2.05/ shr. The owner of the Ralphs and Harris Teeter supermarket chains is looking to cut costs amid intense competition in the grocery segment, where Wal-Mart Stores Inc, Lidl and Aldi are attempting to outdo each other in a price war. We are committed to providing that experience, and we will not lose on price, "Kroger Chief...

  • The company said it now expects adjusted earnings of $2.00 to $2.05 per share for the year ending January 2018, down from an earlier forecast of $2.21 to $2.25. Kroger estimated a LIFO charge an accounting method for inventory of $80 million, compared to an earlier estimate of $25 million. Net earnings attributable to Kroger plunged to $303 million, or 32 cents per...

  • TALLINN, June 8- The European Central Bank on Thursday lowered its inflation outlook to reflect a drop in oil prices but lifted economic growth projections across its forecast horizon through 2019. The mixed outlook is likely to strengthen the case made by the ECB's more dovish rate-setters, who argue that price pressures in the euro zone are still too weak for...

  • 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...