Warby Parker Inc first reported quarterly results as a listed company, with broader-than-expected losses but higher-than-expected sales. The company that sells optics and glasses through the internet and its stores, was listed on the stock exchange in September. Today, it announced losses of $ 91.1 million or $ 1.45 per share for the third quarter, […]
Tag: International business news
Spectrum Brands: Better-than-expected profits and sales
Spectrum Brands Holdings reported earnings and sales for the fourth quarter, including HHI results, which were higher than expected, despite the coronavirus challenges affecting supply chains. The company announced plans in September to sell its Hardware & Home Improvement (HHI) business for $ 4.3 billion to ASSA Abloy, in a deal that has not yet […]
Lufthansa: Repaid the aid it had received from the German government
Deutsche Lufthansa has announced that it has repaid financial aid provided by the German government last year during the pandemic, and that the government will sell its entire stake in the airline by October 2023. The German airline stressed that it has repaid the remaining amount of 1 billion euros from its participation in the […]
Toshiba: Divides its activities into three companies
Japanese industrial giant Toshiba Corp today unveiled plans to split its business into three independent companies by splitting into two key industries – energy and infrastructure – as well as devices and storage media, according to Reuters. Following the spin-off of the two companies, Toshiba will continue to hold a 40.6% stake in memory chip […]
Ford signs Route Zero initiative at COP26
Ford will work with Route Zero whose mission is 100% pure electric cars worldwide by 2040 and in the largest markets by 2035. The move follows a series of previous Ford commitments under President J.’s agenda. Biden to reduce greenhouse gas emissions in the US by 50% -52% by 2030 and the announcement that Ford […]
Redrow Plc: Returns to pre-pandemic results thanks to increased home sales
The British housing company Redrow Plc., Announced that it expects the results of 2022 to be similar to those before the pandemic, mainly thanks to the increase in housing sales and prices. Strong demand for spacious real estate amid a shift to remote work during the pandemic, along with record-low interest rates, boosted construction activity. […]
IG Group: Debt refinancing 600 600 million
IG Group Holdings has announced χ 600 million ($ 802.1 million) in debt refinancing to support its growth ambitions. The online trading company said it was issuing 300 300m bonds maturing in 2028, and committed to a new 300 300m recycling credit facility, which could rise to 400 400m. The refinancing includes the repayment and […]
Rosneft Oil: Announced improved earnings in the quarter
Rosneft Oil Co announced improved earnings for the third quarter of the year, with the nine-month result reaching a record high. The Russian oil and gas company posted a net profit of 314 billion rubles ($ 4.39 billion) for the quarter, up 35% from 233 billion rubles in the second quarter. Net profit for the […]
AstraZeneca: The vaccine brought profits in the third quarter
The AstraZeneca vaccine contributed 1 cent to earnings per share for the quarter, with the company expecting to move to “mild profitability” for new vaccine orders as it announced $ 1.05 billion in sales for the period. The pharmaceutical company, which has said it will not make a profit from the vaccine during the pandemic, […]
Foxconn: Profits higher than expected for Apple supplier
Taiwan’s Foxconn, which supplies Apple accessories for the iPhones, reported third-quarter earnings higher than expected, mainly due to strong demand for smartphones as people continue to work remotely due to the pandemic. However, Foxconn, the world’s largest electronics maker, said it expects revenue for the fourth quarter in its core consumer electronics business, which includes […]
