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Earnings Profit Warnings

  • 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...

  • *STOXX 600 down 0.2 pct at close. LONDON, June 21- Weakness among financial and energy stocks led European shares to fall again on Wednesday, as Provident Financial dropped following a profit warning, though Italian lenders bucked the downbeat trend. Europe's STOXX 600 fell 0.2 percent, extending the previous session's losses slightly.

  • *STOXX 600 down 0.2 pct at close. LONDON, June 21- Weakness among financial and energy stocks led European shares to fall again on Wednesday, as Provident Financial dropped following a profit warning, though Italian lenders bucked the downbeat trend. Europe's STOXX 600 fell 0.2 percent, extending the previous session's losses slightly.

  • *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.

  • *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...