Profits Warnings

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Profit Warning (K Kythreotis Holdings Public Ltd)

Public Technologies 28 Jun 2022

Profit/Loss Warning ... Profit Warning ... the decrease in turnover, as well as the decrease in the gross profit rate, due to increases in fuel prices and other items of the cost of sales.

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Chinese PV Industry Brief: Almaden secures glass order from Trina Solar

PV Magazine 28 Jun 2022

PV glassmaker Xinyi, meanwhile, has issued a gloomy profit outlook for the first half of 2022 ... Xinyi Solar has warned shareholders that it expects a 33% to 43% fall in net profits for the first half of this year, down from the HKD 3.07 billion ($391 million) it posted in the same period of 2021.

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Credit Suisse sticks to strategic overhaul despite \

Reuters 28 Jun 2022

read more ... Register ... The bank in June warned a further loss was likely for the second quarter, the third quarter in a row for which Switzerland's second-largest bank has issued a profit warning. read more ... ($1 = 0.9563 Swiss francs)Register now for FREE unlimited access to Reuters.com. Register ... Our Standards. The Thomson Reuters Trust Principles.

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Annual results delayed by Purplebricks

The Business Desk 28 Jun 2022

This comes after the firm issued a profit warning in May due to a major drop in instructions since it announced its interim results in January ... Related Articles ...   New categories added to the Business Masters ... .

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Consumers seek cheaper food in 'unprecedented' cost of living crisis - Sainsbury's

RTE 28 Jun 2022

Consumers are also using technology to monitor their spending to avoid "till shock" at the check-out ... In April, it joined Tesco in warning of a drop in profit this year and its shares are down 23% so far in 2022 ... He urged the government to do more to help, noting Sainsbury's pays almost as much tax on its properties as it makes in operating profit ... .

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Britons crack down on waste in ‘unprecedented’ cost of living crisis – Sainsbury’s

FX Empire 28 Jun 2022

By James Davey ... “People are looking at making sure that they don’t incur any waste.” ... 3 Asda and No ... In April, it joined Tesco in warning of a drop in profit this year and its shares are down 23% so far in 2022 ... He urged the government to do more to help, noting Sainsbury’s pays almost as much tax on its properties as it makes in operating profit ... ....

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‘I had to look after seven dogs after my tenant stopped paying rent’

The Daily Telegraph 28 Jun 2022

The majority of landlords have had to spend hundreds of pounds repairing properties that were damaged by pets – and they were unable to recoup the cost, research has shown ... Investors have warned the change will land them with large bills and further eat into profits ... “It’s another power taken from landlords over their own property,” he added ... Save ... .

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Steinhoff’s shares slide as retailer warns of volatile markets in countries it operates in

Independent online (SA) 27 Jun 2022

Steinhoff International's share price took an almost 6 percent dip on Friday, in spite of increasing its core profit, as the retailer warned that the markets within it operates are likely to remain volatile in the near term ... The core profit increase was driven by Pepkor's robust performance.

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Anchor shareholder Acciona to back Nordex with EUR 139.2m

Renewables Now 27 Jun 2022

The issue price corresponds to the closing price on Friday, the last trading day before the announcement was made ... In May, the manufacturer issued a profit warning to reflect the impact of the war in Ukraine and production restructuring combined with the effects of supply chain disruptions and higher costs. (EUR 1 = USD 1.052).

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Electricity for all in Africa in eight years a possibility but ‘formidable’ task

Mail Guardian South Africa 27 Jun 2022

By 2030, nearly 600 million more Africans could have access to electricity ... Homes would have fewer toxic fumes ... This is feasible ... More railways ... Senegal and Tanzania also want to profit. But the Africa Energy Outlook 2022 report warns that countries could be gambling on sales, considering that Europe plans to sharply decrease gas use from 2030 ...

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Jim Chalmers says inflation will go higher, but unions are right to push for higher wages

The Observer 26 Jun 2022

Jim Chalmers has warned of “significantly higher” inflation and suggested a workers’ representative could soon be appointed to the Reserve Bank of Australia board ... The warnings have been rubbished by unions, who point out wages as a share of national income are shrinking, while corporate profits are up.

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Ecuador lifts state of emergency amid protests

Anadolu Agency 26 Jun 2022

More than 53 NGOs from various sectors reportedly participated in the demonstrations ... President Lasso said authorities will not allow “political groups to destabilize Ecuador, profit from the chaos, and paralyze the country.”. Indigenous leaders warned that the protests will continue until Lasso gives in to their demands. .

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Revealed: scandal of England’s ‘inadequate’ private children’s homes

The Observer 26 Jun 2022

Local government figures have also pointed to the growing role of private equity, warning that the pursuit of profits and debt that can follow is not a sound basis upon which to run care homes ... Profiteering, children being moved far from their communities and a shortage of homes that meet children’s needs are all urgent problems which need fixing.”.

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Erwin Tulfo sees smooth shift to social work

The Manila Times 26 Jun 2022

"Although I am not a social worker, I have 22 years of public service experience and can attest to my ability to manage the department," Tulfo said during a recent forum ... He said that after the transition meeting, he issued a warning to the fixers who make a profit from the processing of financial assistance applications for the poor ... ....

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Defensive, tech shares boost Europe’s STOXX

Taipei Times 25 Jun 2022

Reuters ... Europe’s retail index fell 1.3 percent to its lowest since March 2020 in the wake of German online fashion retailer Zalando SE’s profit warning. Zalando slumped 11.8 percent after it lowered its profit outlook for this year, citing deteriorating macro conditions and consumer confidence ... .