Profits Warnings

Latest News for: Profits warnings

CMC issues profit warning as online trading crackdown bites

Business Day Online 25 Sep 2018

CMC Markets, the online trading platform, issued a profit warning on Tuesday, sending shares down as much as 18 per cent, as a recent regulatory crackdown on speculative trading products began to take its toll on the sector. The FTSE 250 group warned that its 2019 net operating income was expected to come in below Please visit ......

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COLUMN-Nyrstar profit warning highlights zinc's disconnects: Andy Home

This is Money 25 Sep 2018

By Andy Home. LONDON, Sept 24 (Reuters) - Belgian zinc producer Nyrstar issued a profits warning last week, citing "adverse market conditions". The company, which last year produced over a million tonnes of refined zinc, is feeling the pain from the dramatic price collapse of the last six months. London Metal Exchange (LME) zinc hit an 11-year high of $3,595 .50 per tonne in February ... It isn't ... LAGGING SUPPLY RESPONSE ... MARGIN SQUEEZE ... ....

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BMW hit by profit warning linked to trade woes

Market Watch 25 Sep 2018

It cut its outlook for pretax profit and its automotive-division margin ... Volkswagen AG (VOW.XE) has also warned that the changeover to the new emissions-testing standards would impact earnings. At 1216 GMT, shares trade 3.9% lower at EUR80.22 after falling as much as 5.5% immediately following the warning....

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CMC lays bare impact of investment crackdown with profit warning

The Daily Telegraph 25 Sep 2018

... on the investing industry will hit revenues harder than expected - days after its boss warned there were "tricky times ahead"....

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Automaker BMW issues profit warning on trade, pricing

Atlanta Journal 25 Sep 2018

German luxury automaker BMW says its profits and sales will fall short of its forecasts this year because of fears over international trade conflicts and as new emissions tests affect the pricing of cars ... A key earnings metric — operating profit margin ......

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BMW Has Committed the Ultimate Heresy: A Profit Warning

The Washington Post 25 Sep 2018

The German giant is a stickler for its profit target, but emissions changes, trade wars and extra warranty costs have all taken a toll ... ....

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Next warns of port delays as biggest Brexit risk – business live

The Guardian 25 Sep 2018

It has blamed weak consumer spending for an 8.9% drop in profits in the six months to 31 July to £29.9m ... The greeting card retailer still expects to make full-year profits of £89m to £91m, after lowering its forecast in August ... However, it warned. ... Next upgrades profits, sets out Brexit plans ... The comments came as Next upgraded its profit forecast after sales were boosted by the long heatwave, but warned that the market remained tough....

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High street challenges persist for Card Factory

Irish Independent 25 Sep 2018

Card Factory has warned that challenging conditions on the high street are continuing to drag on profits ... Card Factory has warned that challenging conditions on the high street are continuing to drag on profits. The retailer, which issued a profit warning earlier this year, saw underlying pre-tax profit drop 14% to £22.7 million in the in the six months to July 31 ... On a bottom-line basis, pre-tax profit rose 17.2% to £27.2 million....

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BMW warns on profit, blames price and trade wars

Live Mint 25 Sep 2018

German carmaker BMW warned its pre-tax profit would fall this year, against earlier expectations for a flat outcome, and cut its profit margin guidance for cars, blaming intense price competition following new emissions rules ... “This profit warning comes as a surprise but that is because market conditions have changed,” said NordLB analyst Frank Schwope, who still has a “buy” rating on BMW shares....

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BMW expects hit from trade dispute and emissions tests

WPXI 25 Sep 2018

The profit warning - the second from a major German automaker this year - underlines the difficulties facing the industry in maintaining its record of steadily growing sales and profits ... A key earnings metric - the operating profit margin - would fall short ... BMW is facing some of the same headwinds that led competitor Daimler to issue a profit warning in June....

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BMW downgrades profit forecast for 2018

Xinhua 25 Sep 2018

A spokesperson for the Munich-based company said the level of pre-tax profits would come in "moderately below the level of last year" instead of holding steady as predicted earlier ... Technological changes required to fulfill the standards have been associated with delays in production at several German car makers, and also led BMW rival Volkswagen Group to issue a profit warning....

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Debenhams attempts to 'bring joy back' to High Street

BBC News 25 Sep 2018

"For way too long we have turned stores to be like these big warehouses full of product with a till at the door," says Mr Bucher ... But despite three profit warnings and recent questions about its financial health, Debenhams has come out fighting ... "We are a three billion pound [in sales] company, we are profitable ... "If Debenhams had been taxed as an 'online pure player' last year, we would have been three times as profitable," he claims ... ....

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Don’t waste money on banking stocks. These dividend shares could smash the FTSE 100

AOL 25 Sep 2018

CMCX) were down by 9% at the time of writing, following a profit warning this morning ... In turn, this means that profits for the year are also likely to be lower than expected.A buying opportunity? ... Chief executive Peter Cruddas still has a 63% shareholding in this highly profitable business, which he founded in 1989 ... SUS) ... Group revenue rose by 23% to £44.5m during the six months to 31 July, while pre-tax profit was 17% higher at £16.7m....

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