The share of the construction company DR Horton, strengthens 1.4% in the pre-conference transactions as it announced profits that exceeded the estimates in the fourth quarter of the year that ended on September 30. The company’s net profit stood at $ 1.339 billion, or $ 3.70 a share, for the quarter, up from $ 829 […]
Tag: International business news
General Electric ‘breaks’ into three, 15.5% share jump
General Electric’s share jumped 15.5% in pre-conference trading, to its highest level since January 2018, after announcing that it was breaking into three companies. General Electric said it plans to split its healthcare business, GE Healthcare, in early 2023, with 19.9%. It will also merge GE Renewable Energy, GE Power, GE Digital, and then separate […]
Macy’s: Introduces a minimum wage for all its employees and free training
Macy’s Inc has announced a range of new benefits for its employees, including a higher minimum wage of $ 15 an hour, a training program and greater flexibility in licensing. The news comes at a time when manpower shortages are leading many companies to compete aggressively to retain their staff. The department store chain stressed […]
UniCredit is leaving the Turkish Yapi Kredi
Italian UniCredit will sell the remaining 20% ​​to Turkish Yapi Kredi Bank by March 2022, completing its exit from the third largest Turkish bank, which started two years ago. Under the terms of the deal, Turkish Koc Holdings will buy an 18% stake in Yapi Kredi for 300m euros, Italy’s second-largest bank said in a […]
Nissan: Upgrades operating profit estimates by 20%
Nissan motor Co raised operating profit estimates by 20% as sales recovered from the fall of the pandemic and limited vehicle supplies, which allowed it to reduce incentives and increase margins. Nissan, like other major automakers around the world, has been forced to cut production due to a lack of semiconductors and other components. But […]
Persimmon: Good performance continued in the third quarter
Persimmon PLC said its performance over the summer was good with private sales bookings much higher than pre-pandemic levels, expecting an increase in home completions over the full year. The housing company stressed that the average weekly sales prices per location for the period July 1-November 8, 16% higher than 2019, returning to a more […]
Profits of AB Foods and Primark increased
The Associated British Foods PLC announced higher earnings for the year ended September 18, as Primark’s earnings increased, and announced a special dividend alongside the regular dividend. The British group, which controls Primark stores, posted a pre-tax profit of 25 725 million ($ 983.4 million) in 2021, up from 6 686 million a year ago. […]
Bayer: Returned to profits, sales increased
The German pharmaceutical and chemical company Bayer, returned to profits for the third quarter and stressed that sales increased, mainly due to the recovery of its agricultural activities. The company reported a net profit of 85m euros compared to a net loss of 2.74 billion euros a year ago, when it was facing problems in […]
Munich Re: Double the profit in the quarter despite the losses from natural disasters
Munich Re reported earnings for the third quarter almost double the previous year, despite heavy damage from Hurricane Ida and summer floods in Europe, and the prolonged effects of the pandemic. German reinsurance had quarterly net profits of 366 million euros compared to 199 million euros a year ago. The result is close to preliminary […]
Viasat buys British Inmarsat for $ 7.3 billion
The acquisition of the British Inmarsat for a price of 7.3 billion dollars was announced on Monday by the American Viasat, with the aim of expanding its satellite and terrestrial communication services. The change of ownership of Inmarsat comes just two years after the London-based company went public as part of a $ 3.4 billion […]
