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Earnings Profit Warnings

  • *Other key OPEC members begin cutting oil production. LONDON, Jan 12- Oil prices rose on Thursday, supported by reports that key members of OPEC were starting to cut production as promised and by forecasts of strong demand growth in China. "All the focus is now on OPEC compliance, which seems to be moving ahead as planned," said Bjarne Schieldrop, chief commodities...

  • *Other key OPEC members begin cutting oil production. LONDON, Jan 12- Oil prices rose on Thursday, supported by reports that key members of OPEC were starting to cut production and by forecasts of strong demand growth in China. "Reports are emerging that OPEC signatories to the production cut agreement have already commenced reducing output," said Daniel Hynes,...

  • LONDON, Jan 12- Oil prices rose on Thursday, supported by reports OPEC was starting to cut output and expectations of strong demand growth in China, but rising U.S. crude inventories reinforced concerns over plentiful global supplies. Several OPEC members appear to be implementing the deal. "Reports are emerging that OPEC signatories to the production cut...

  • LONDON, Jan 12- Oil prices rose on Thursday, supported by signs OPEC is starting to cut output and expectations of strong demand growth in China, but rising U.S. crude inventories reinforced concerns over plentiful global supplies. Several OPEC members appear to be implementing the deal. "Reports are emerging that OPEC signatories to the production cut...

  • Jan 4- Macy's Inc, the biggest U.S. department store operator, cut its 2016 adjusted profit forecast, largely due to weak holiday season sales. The company's shares were down 8.9 percent at $32.63 in extended trading on Wednesday. Macy's cut its adjusted profit forecast for the year ending Jan. 30 to $2.95- $3.10 per share from $3.15- $3.40 per share it previously...

  • LONDON, Jan 4- Next cut its profit forecast for the current financial year after a poor Christmas and warned of a further decline in 2017-18, sending shockwaves through Britain's clothing sector as the most successful performer of the last decade faltered. The company, which trades from about 540 shops in Britain and Ireland, said it was disappointed with its...

  • LONDON, Jan 4- Next cut its profit forecast for the current financial year after a poor Christmas and warned of a further decline in 2017-18, sending shockwaves through Britain's clothing sector as the most successful performer of the last decade stumbled badly. The company, which trades from about 540 shops in Britain and Ireland, said it was disappointed with...

  • LONDON, Jan 4- British clothing retailer Next on Wednesday cut profit guidance for its current financial year and warned on the outlook for the next, highlighting "exceptional" levels of uncertainty in the sector. Next, which trades from about 540 shops in Britain and Ireland, from franchised stores overseas and online, has been Britain's most successful...

  • LONDON, Jan 4- British clothing retailer Next on Wednesday cut profit guidance for its current financial year and also warned on the outlook for the following year, saying it is preparing the company for tougher times. Updating on Christmas trading Next said its central guidance was for pretax profit of 792 million pounds for its year to Jan. 2017, down from 805...

  • Last month, the government halved the price of Opdivo, which has been approved in Japan to treat advanced melanoma, non-small cell lung cancer and kidney cancer, on fears that a rapid uptake of the medicine would prove an intolerable burden on the national health insurance system. A spokesman for Ono said that Bristol Myers Squibb is entitled to 4 percent of...

  • EDINBURGH, Dec 8- Outsourcing group Capita announced the sale of its asset management services arm alongside a second profit warning in three months on Thursday, exposing flaws in its strategy made worse by the Brexit vote and sending its share price crashing. That in turn was a result of a slowdown in new orders coming through as new customers hesitate to commit...

  • *Slashes 2016 revenue forecast to 6.6- 6.8 bln SEK. *Sees 2017 revenue of 7.5- 9.5 bln SEK. LONDON, Dec 8- Biometric technology firm.

  • *Cuts 2016 profit forecast for second time in three months. *Outlook next year still tough. EDINBURGH, Dec 8- British outsourcer Capita said it would sell assets and trim costs in a bid to protect its balance sheet after Brexit-related client indecision prompted it to cut its profit forecast for the second time in three months.

  • Dec 8- British outsourcer Capita said it would sell a raft of assets in a bid to protect its balance sheet after client indecision following Brexit prompted it to cut its profit forecast for the second time in three months. The group said it expected 2016 underlying profit before tax to be at least 515 million pounds, compared with a forecast made in September of...

  • CAPITA CUTS 2016 PROFIT FORECAST, TO SELL ASSETS@. Dec 8- British outsourcer Capita said it planned to sell a raft of assets in a bid to protect its balance sheet after client indecision following Brexit prompted it to cut its profit forecast again. Capita said it would sell the majority of its Capita Asset Services division and a number of other businesses.

  • Dec 2- Delta Air Lines Inc said on Friday it would take a $475 million hit in the fourth quarter from a new contract that hikes pilots' pay retroactively to the beginning of 2016.. Delta, the No.2 U.S. airline by passenger traffic, said it would pay profit-sharing and higher wages to pilots, including $380 million for the first three quarters of the year.

  • Dec 2- Delta Air Lines Inc on Friday said it will take a half-a-billion-dollar hit in the fourth quarter from a new contract that pilots approved on Thursday, which hikes pay retroactively to the beginning of 2016.. Delta, the No.2 U.S. airline by passenger traffic, said it will pay $475 million in higher wages and profit-sharing for pilots, including $380 million...

  • Dec 2- Delta Air Lines Inc on Friday said it expects a lower operating profit margin in the fourth quarter, as labor costs rise due to a new contract that pilots approved on Thursday.

  • EPS $2.10- $2.15 per share vs. est $2.13. *Q3 adj. profit of 41 cents per share in line with estimates. Dec 1- Kroger Co, the biggest U.S. supermarket chain, lowered the higher end of its full-year adjusted profit forecast amid falling food prices and increasing competition from rivals such Wal-Mart and Sprouts Farmers Market Inc..

  • Dec 1- Kroger Co, the biggest U.S. supermarket chain, lowered the higher end of its full-year adjusted profit forecast amid falling food prices and increasing competition from rivals such Wal-Mart and Sprouts Farmers Market Inc.. Cincinnati, Ohio- based Kroger said it expects an adjusted profit of $2.10- $2.15 per share for the year ended Jan. 30, 2017, compared...