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Semiconductor parts maker Aixtron secures solid Q3 orders despite core profit miss

31 Oct 2024

By Ozan Ergenay (Reuters) -Aixtron reported on Thursday a strong order intake for the third quarter, even as the German chip systems manufacturer’s quarterly core profit missed market expectations. The company, which supplies deposition equipment for chipmakers, said its order intake was 143.5 million euros ($156 million), up 21% from 118.5 million euros a year …

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Swedish power utility Vattenfall swings to third-quarter profit

31 Oct 2024

By Nora Buli OSLO (Reuters) – Sweden’s Vattenfall swung to a third-quarter net profit of 2.1 billion Swedish crowns ($196.6 million) from a 2.61 billion crown loss a year earlier, it said on Thursday, citing increased power output and the impact of forward sales at higher prices. Underlying earnings before interest and tax at the …

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Technip Energies lifts revenue guidance, boosted by major orders

31 Oct 2024

By Anna Peverieri (Reuters) -French energy infrastructure company Technip Energies on Thursday lifted its annual revenue guidance as it reported 13% revenue growth so far this year, buoyed by project delivery, sustained profitability and substantial growth in net income. It now sees 2024 revenue of between 6.5 billion and 6.8 billion euros ($7.1 billion and …

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SoftwareOne slashes revenue growth forecasts, shares tumble

31 Oct 2024

ZURICH (Reuters) -SoftwareOne on Thursday appointed Raphael Erb as CEO from Nov. 1 as the Swiss company slashed its full-year revenue growth forecast on a weaker-than-expected third quarter, sending its shares plunging more than 25%. The company cut its 2024 revenue growth target to 2-5% from 7-9%, after underperformance in markets except Asia-Pacific and the …

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BNP Paribas shares drop sharply as quarterly results disappoint

31 Oct 2024

By Mathieu Rosemain PARIS (Reuters) -BNP Paribas shares dropped sharply on Thursday as third-quarter results from its investment banking division, lower than expected capital buffers and weaker than expected sales in Belgium disappointed investors. Increased trading activity at BNP’s investment banking division ensured the euro zone’s largest lender hit its profit forecast, but that still …

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German engineering orders fall again in September, says VDMA

31 Oct 2024

BERLIN (Reuters) – German plant and equipment makers’ orders fell in September, after a one-off rise in August, the VDMA association said on Thursday, as a double-digit fall in domestic contracts were cushioned by those from abroad remaining stable. Overall, orders were down 4% in real terms on the year in September, following a 7% …

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Millennium bcp shares jump nearly 5% on optimism about profits, dividends

31 Oct 2024

LISBON (Reuters) – Shares of Millennium bcp rose nearly 5% on Thursday after the Portuguese bank said it expects to accumulate between 4 billion and 4.5 billion euros ($4.3-$5 billion) in profit over the next four years and pay out up to 75% of it to shareholders. CEO Miguel Maya said late on Wednesday that …

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Sainsbury’s sells Argos Financial Services cards portfolio for $934 million

31 Oct 2024

(Reuters) -British supermarket Sainsbury’s said it has sold its Argos Financial Services cards portfolio to NewDay Group for an expected 720 million pounds ($934 million) in line with its strategy to focus on its core retail business. Britain’s second largest supermarket group after Tesco said on Thursday it had also formed a partnership with financial …

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Analysis-Russia braces for more tax rises to fund the Ukraine war

31 Oct 2024

By Darya Korsunskaya MOSCOW (Reuters) – Russia will need to raise taxes further to fund its war in Ukraine, according to economists who say revenue-raising measures already announced will not be enough to fund the country’s ballooning military spending. Russia’s draft 2025 budget allocates about one-third of total expenditure, or 6.3% of GDP, to the …

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