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Business

Walgreens profits squeezed as Covid vaccine wanes, health-care investment rises

Walgreens Boots Alliance on Thursday said its quarterly sales declined and profits got hit by waning Covid-19 vaccination demand, heavy investments in its health-care business and an opioid settlement with Florida. Shares closed the day at $37.90, down 7.27%. The drugstore chain stood by its full-year forecast, saying it expects adjusted earnings per share to […]

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Finance

US companies face rising battle to fend off vilification over ‘excess’ profits

There is no S&P Vilification Index, but if there were such a tracker of how often big US companies felt aggrieved that politicians were bad-mouthing them, it would be rising again right now. It is more than a decade since Wall Street bankers spun from asking Washington for bailouts during the global financial crisis to […]

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Business

Ford CFO says inflation has erased Mustang Mach-E profits, but isn’t hurting demand for new vehicles

The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland | CNBC Ford Motor’s CFO said Wednesday that the company isn’t yet seeing consumer demand for new vehicles drop off – but rising commodity costs have wiped out the profit it initially expected […]

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UK

Norway’s Alsaker sees revenue, profits lift in 2021

Norway’s Alsaker sees revenue, profits lift in 2021 Undercurrent News Source link

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Business

Target warns of squeezed profits as it rolls out aggressive plan to get rid of unwanted inventory

Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Target warned investors Tuesday that its profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. The […]

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UK

Norway urged to share oil, gas, ‘gigantic’ profits

Norway’s oil and gas sector has been accused of benefiting from the conflict in Ukraine as European nations seek alternatives to Russian energy. As Europe’s second-biggest natural gas supplier, the Norwegian energy industry is facing scrutiny over its willingness to help neighboring countries cope with soaring power and fuel costs. The government of Norway revised […]

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US

China’s tech giants test the fashion metaverse despite slim chance of profits

China’s tech giants test the fashion metaverse despite slim chance of profits South China Morning Post Source link

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UK

Russia Ukraine War Norway Gas Profits

Country United States of AmericaUS Virgin IslandsUnited States Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth of theCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory South of 60 deg S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s […]

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Finance

China industrial profits fall as lockdown pain spreads

China’s industrial groups posted their worst decline in profits in two years in April, in the latest sign of the economic and corporate pain stemming from a wave of coronavirus lockdowns. Industrial profits dropped 8.5 per cent in April compared with the same period a year earlier, the measure’s worst fall since March 2020, when […]

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Science

Proposed fertilizer policies could protect farmer profits, environment

A new University of Illinois study explores potential policy solutions to reduce nitrogen loss while still protecting farmers’ bottom lines. Federal and state governments have shied away from regulating nitrogen fertilizer use, but voluntary and incentives-based programs have not been particularly successful, according to the researchers. University of Illinois assistant professor Nicolas Martin says, “We […]