Burberry Group PLC announced that it has returned to dividend payments, while announcing an increase in pre-tax profits in the first half of 2022, with revenues returning to pre-pandemic levels. The British luxury goods company stressed that sales at full prices increased in double digits, and that it remains optimistic about achieving long-term goals. Pre-tax […]
Tag: International business news
Elon Musk: Sells $ 5 Billion Tesla Shares
Tesla CEO Elon Musk sold nearly $ 5 billion in Tesla shares, according to financial statements released Wednesday night. It still holds more than 166 million shares. The company that manages its shares sold more than 3.5 million shares of more than $ 3.88 billion in transactions on Tuesday and Wednesday. These transactions were not […]
Evergrande: Avoid in … more than five the stoppage of payments to its bond
China’s heavily indebted real estate company, Evergrande, avoided a destabilizing last-minute default for the third time last month, with a source telling Reuters that several bondholders had received overdue coupon payments. Evergrande, the most indebted construction company in the world, is trying to meet its obligations and meet every deadline in recent weeks, as it […]
Boeing: ‘Agreement concluded’ to compensate families of victims of 737 MAX crash in Ethiopia
US aircraft maker Boeing has struck a deal with the families of the victims of the 737 MAX crash that killed 157 people in March 2019 in Ethiopia and has acknowledged responsibility for the crash, according to indictments filed Wednesday in court in Chicago. “Boeing is committed to ensuring that all families who have lost […]
Disney’s fourth quarter results disappointed
The fourth quarter results announced by Disney on Wednesday were lower than expected, with the company’s share “paying” it in the post-conference transactions with losses of more than 4%. More specifically, the company announced earnings per share of 37 cents and revenue of 18.53 billion dollars. Analysts, according to Refinitiv, expected earnings per share of […]
Rivian’s capitalization at $ 86 billion – Nasdaq debut 29%
LAST UPDATE: 23:50 The Rivian Automotive electric vehicle industry – backed by Amazon and Ford – made its debut on the Nasdaq dashboard, ending its first session with a 29% “jump” and securing a valuation of 86 billion. dollars after the largest initial public offering for the current year. Based on this valuation, Rivian is […]
New deferral of payments by Evergrande – Bankruptcy proceedings initiated by DMSA
The Chinese real estate development giant China Evergrande proceeded with a new default today, failing to pay interest payments to international investors. The DMSA group that had invested in Chinese company bonds until the end of the grace period, today, has not received the corresponding interest payments and is therefore preparing to initiate bankruptcy proceedings […]
Energizer’s profits are better than estimates
Better than expected were the profits of the battery company Energizer Holdings in the second quarter of the year until September 30. Net income was $ 79.1 million, or $ 1.14 a share, for the quarter, compared with a loss of $ 55.6 million, or 67 cents a year, a year ago. Adjusted earnings per […]
E.ON: Profits and sales increased in the third quarter
E.ON announced that net profit and sales increased in the third quarter, while the company maintained its estimates for the year. The German energy company announced that its net profit increased to 1.24 billion euros from 700 million euros for the third quarter of last year. On an adjusted basis, net profit rose to € […]
Alstom: Sales more than doubled in the first half
Alstom’s share is up 10% as it announced that sales more than doubled in the first half of the year as orders increased. Sales of the French train company increased to 7.44 billion euros for the first half to the end of September, from 3.52 billion euros last year. Second-quarter sales stood at 3.74 billion […]
