Profits Warnings

Tuesday, 27 September 2022

Latest News for: Profits warnings

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MusicMagpie has wings clipped after profit warning

The Times/The Sunday Times 27 Sep 2022

... online has become the latest business to lose more than three quarters of its market value, after warning that profits this year would be weaker than expected.

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Saga shares slide after profit warning over rising insurance claims

London Evening Standard 27 Sep 2022

It downgraded its expectations after facing high levels of claims inflation, currently about 13%, in its underwriting business ... .

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Saga shares drop 20% after profit warning

RTE 27 Sep 2022

Saga said its underwriting business has experienced high levels of claims inflation, currently around 13%, increasing the cost of insurance claims and hitting profitability.

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Here’s why Saga’s share price has crashed today

The Motley Fool 27 Sep 2022

The reason Saga shares are down heavily today is that the company has posted a profit warning ... Previously, it was expecting profit of £35m-£50m ... However, these positives were ultimately overshadowed by the profit warning ... One is the number of profit warnings in recent years – there have been quite a few.

photo: European Community / Thibault Savary

Image showing Kadri Simson, entering for a Wind Turbine with Siemens Gamesa's CEO Jochen Eickholt and several European Ministers for energy, in Esbjerg aside the Wind Turbines summit, to Netherlands, Delft, May 19, 2022.

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Siemens Gamesa to fix onshore wind turbine unit in 2022

Reuters 27 Sep 2022

The world's largest producer of offshore turbines, Siemens Gamesa (SGREN.MC) has issued a string of profit warnings as it battles to iron out complex internal procedures in the production of a new onshore turbine, the 5.X ... "The profit warning history gives us only little ...

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Siemens Gamesa CEO says to fix onshore wind turbine unit in 2022

FX Empire 27 Sep 2022

The world’s largest producer of offshore turbines has issued a string of profit warnings as it struggles to iron out complex internal procedures in the production of a new onshore turbine, the 5.X, piling pressure on a business model already challenged by the rising costs of raw materials such as steel.

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Saga shares slump 20% after over-50s holiday and insurance group warns claims inflation will drain profits

The Daily Mail 27 Sep 2022

Saga has sharply cut its profit targets for the year, with the over-50s group blaming increases in the cost of insurance claims ... 'This increases the cost of insurance claims which is having some impact on our profitability,' Saga told shareholders. Warning. Cruise-to-insurance group Saga has slashed its profit forecasts.

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Saga shares sink on warning over ‘challenging’ market

The Times/The Sunday Times 27 Sep 2022

Saga has warned that its underlying profits this year will be lower than previously guided as it wrote down the value of its core insurance ...

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Confidence flows out of United Utilites as sales fall

The Times/The Sunday Times 27 Sep 2022

United Utilities also warned that underlying operating profit will be lower because costs are expected to rise this year by more than the previous guidance of ...

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UK supermarket Morrisons to lose COO Trevor Strain

Reuters 27 Sep 2022

The group, owned for almost a year by U.S ... He joined Morrisons in 2009, having previously worked for market leader Tesco (TSCO.L) ... Register ... read more. In April the group warned its sales and core profit for the year could be hit by the war in Ukraine and rising inflation ... ....

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France to start building first new nuclear reactor before May 2027

The Times of India 27 Sep 2022

PARIS ... "The latest timetable ... EDF, which is undergoing a governance overhaul and fully nationalisation, issued a fifth profit warning of the year last month and is now expecting lower production to shave 29 billion euros ($29 billion) off its core earnings in 2022. Start a Conversation . .

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Pound plunge means even higher prices for UK consumers - McKinsey

Reuters 27 Sep 2022

LONDON, Sept 27 (Reuters) - British consumers are likely to face a further hike in prices of clothing and homewares following the pound's plunge against the dollar, consultants McKinsey said on Tuesday ... Register ... Primark owner AB Foods (ABF.L) warned earlier this month that the appreciation of the dollar will dent profits in its 2022-23 year.

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Pound plunge means even higher prices for UK consumers – McKinsey

FX Empire 27 Sep 2022

LONDON (Reuters) – British consumers are likely to face a further hike in prices of clothing and homewares following the pound’s plunge against the dollar, consultants McKinsey said on Tuesday ... Primark owner AB Foods warned earlier this month that the appreciation of the dollar will dent profits in its 2022-23 year ... Advertisement ... Sign Up ... See All ... ....

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French finance minister: nomination of new boss for energy group EDF is imminent

FX Empire 27 Sep 2022

PARIS (Reuters) -French Finance Minister Bruno Le Maire said the government had chosen the person who would lead state-power group EDF, which is in the process of being fully nationalised, and that a nomination was “imminent”. EDF has been beset by problems this year and issued a profit warning earlier this month ... Advertisement ... Sign Up ... See All ... ....

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France drafts law to streamline red tape around nuclear reactor construction

Reuters 27 Sep 2022

Companies. Electricite de France SAFollow. Engie SAFollow. GREENPEACE energy eGFollow ... Register ... EDF, which is undergoing a governance overhaul and full nationalisation, issued a fifth profit warning of the year last month and is now expecting lower production to shave 29 billion euros ($29 billion) off its core earnings in 2022. read more ... Register ... ....