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Earnings Profit Warnings

  • LONDON, Jan 18- Associated British Foods warned on Thursday that revenue and profit from its sugar business would fall more than previously forecast in 2017-18 because of lower prices across the European Union, sending its shares lower. Shares in the group, majority owned by the family of Chief Executive George Weston, were down 3 percent at 0945 GMT.

  • *Due to publish new strategy plan on Jan. 23. PARIS, Jan 17- Carrefour cut its 2017 profit forecast for the second time in six months on Wednesday, as its new boss prepares to unveil a turnaround plan for the world's second-largest retailer next week. "2017 was clearly disappointing," finance chief Matthieu Malige told analysts, citing "strong commercial pressure in...

  • *Due to publish new strategy plan on Jan. 23. PARIS, Jan 17- Carrefour on Wednesday lowered its 2017 operating profit forecast for the second time in six months amid slowing full year sales, as its new boss prepares to unveil a revival plan for the world's second-largest retailer next week. Carrefour, which is Europe's largest retailer, said 2017 sales reached 88.24...

  • PARIS, Jan 17- Carrefour on Wednesday lowered its 2017 operating profit forecast for the second time in six months amid slowing full year sales, as its new boss prepares to unveil a revival plan for the world's second-largest retailer next week. Carrefour, which is Europe's largest retailer, said 2017 sales reached 88.240 billion euros, a like-for-like rise of...

  • LONDON, Jan 15- Britain's public sector awarded eight contracts to construction firm Carillion after July last year when the company issued a profit warning, Prime Minister Theresa May's spokesman said on Monday. He said that of the eight awarded by public sector bodies, six were joint ventures. One of the deals was agreed a week ago between Carillion and a local...

  • HELSINKI, Jan 15- Mining equipment maker Metso said its quarterly sales, earnings and new orders came in lower than expected, sending its shares more than 10 percent lower as the company missed out on recovering industry demand. That was well below a market consensus of 87 million euros, according to Vara Research. "This was a surprisingly big miss and raises a lot of...

  • HELSINKI, Jan 15- Finish mining equipment maker Metso said on Monday its quarterly sales, earnings and new orders came in lower than expected, sending its shares more than 10 percent lower. Metso said its fourth-quarter core profit was roughly flat from a year earlier at around 64 million euros, well below a market consensus of 87 million euros, according to Vara...

  • LONDON, Jan 12- British builder Bovis said on Friday it was on track to deliver a significant increase in profitability in 2018 as it seeks to turn its business around after seeing off two takeover bids last year following a profit warning. Chief Executive Greg Fitzgerald, appointed only last April, told Reuters 2018 full-year profit should meet consensus...

  • LONDON, Jan 12- Troubled British engineer GKN has rejected an unsolicited offer from rival Melrose and set out plans to split its business in half to improve performance as it recovers from a profit warning. The offer, valuing the business at 405 pence per share, sent shares in GKN up 20 percent to 398 pence in early Friday trading. The downturn led to the dismissal of...

  • LONDON, Jan 12- Troubled British engineer GKN has rejected an unsolicited offer from rival Melrose and set out plans to split its business in half as it recovers from a profit warning.

  • LONDON, Jan 12- British builder Bovis, undergoing a turnaround after seeing off two failed takeover bids last year following a profit warning, said it was on track to deliver a significant increase in profit in 2018.. The firm, which saw the number of homes it built in 2017 fall by 8 percent to 3,645 units as part of efforts to focus on quality after criticism from some...

  • *FTSE 100 down 0.4 pct at close, lags Europe. *Poor start to heavy week for UK retailers reporting. Baby goods retailer Mothercare sank 27.5 percent to a record low after saying full-year profit would be much lower than earlier expectations as it did not see any short-term improvement to the UK market.

  • *FTSE 100 flat, underperforming European markets. *Poor start to heavy week for UK retailers reporting. The FTSE 100 underperformed European benchmarks, holding flat, with tech the biggest weight.

  • CNBC's Annette Weisbach reports on German lender Deutsche Bank's upcoming fourth quarter earnings report.

  • *FTSE 100 up 0.2 pct. LONDON, Jan 4- A rally in oil majors pushed the UK's top share index to an all-time high on Thursday, though elsewhere retailers were under pressure after a profit warning from Debenhams. "We've also seen that the historic correlation between the pound and the FTSE is somewhat not as strong as before," Moore added, saying bigger factors, such as the...

  • *UK sales down 2.6 percent over last 17 weeks. LONDON, Jan 4- British department store operator Debenhams Plc slashed its annual profit forecast on Thursday after it was forced to cut prices to drive Christmas gift sales, hammering its shares and putting the stock on track for its worst ever daily fall. "The market has been challenging and particularly promotional...

  • Germany's DAX led the way with a 0.9 percent gain thanks to strong carmakers and industrials, while Britain's FTSE 100 hit a record high. In the UK small-cap space Debenhams shares sank 19 percent after a profit warning. The stock was set for its worst ever daily fall after the UK department store said price cuts failed to lure shoppers in.

  • LONDON, Jan 4- British retailer Debenhams plc downgraded its profit forecast on Thursday after it slashed prices to drive sales in the run up to Christmas and cut them again after shoppers failed to turn out for its clearance sale. "The market has been challenging and particularly promotional in some of our key seasonal categories and we have responded in order...

  • LONDON, Jan 4- British retailer Debenhams plc downgraded its profit forecast on Thursday after disappointing trading in the autumn and a poor start to its post-Christmas sale. The company said its British like-for-like sales at constant currency fell 2.6 percent in the 17 weeks to 30 December, and it had to cut prices to deliver sales growth in the six weeks up to...

  • *FCA investigates statements, including July profit warning. Jan 3- Britain's Financial Conduct Authority is investigating statements made by Carillion over seven months up to and including a profit warning last July, the struggling building and services company said on Wednesday. The investigation by the markets watchdog concerns "the timeliness and...