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HSBC warns on China, Britain slowdown as 2018 profit disappoints
HSBC Holdings turned in a disappointing annual profit as higher costs and a stocks rout chipped away at its trading businesses, while warning that an economic slowdown in China and Britain would throw up further hurdles this year......»»
HSBC warns on China, UK slowdowns as 2018 profit disappoints
HSBC warned it may have to delay some investments this year as Europe's biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain......»»
HSBC beats expectations with 79% jump in Q1 pre-tax profit as cautious outlook prompts credit loss reversal
Europe's largest lender said profit-before-tax came in at $5.8 billion, beating the $3.4 billion expectation of analysts polled by the bank. REUTERS/ Bobby Yip HSBC posted a 79% jump in Q1 pre-tax profit that beat analyst expectati.....»»
Ulta Beauty tumbles as profit outlook disappoints and CEO Dillon plans to step down
Ulta Beauty shares slide after light earnings guidance and as CEO Mary Dillon plans to transition from the role. David Dee Delgado/Getty Images Ulta Beauty dropped nearly 9% on Friday following quart.....»»
HSBC profit nearly halves as bad loan fears mount
Profit as HSBC nearly halved as the bank set aside more money in anticipation of a surge in bad loans. Julian Satterthwaite reports......»»
HSBC sees mounting credit losses after pandemic halves first-quarter profit
HSBC Holdings PLC on Tuesday warned of more earnings pain to come after first-quarter profit nearly halved as it boosted provisions against bad loans expected to rise amid the coronavirus pandemic......»»
Rising stocks fuel record profit for Buffett"s Berkshire; operating profit disappoints
Warren Buffett's Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its old record for full-year earnings......»»
HSBC to Fire as Many as 35,000
After its announced rough fourth-quarter earnings, huge bank HSBC told media that it will cut as many as 35,000 jobs. The bank’s pretax profit fell 33% to $13.4 billion, well below analyst........»»
Europe Markets: European chip stocks tumble on Apple warning, while HSBC slumps on profit slide
European stocks under pressure a day after Apple warns on its fourth-quarter guidance, owing to fallout from the coronavirus. Chip makers were in the firing line, while HSBC also slid on a profit plunge and potentially 35,000 job cuts......»»
Europe Markets: European chip stocks tumble on Apple warning, while HSBC slumps on profit slide
European stocks under pressure a day after Apple warns on its fourth-quarter guidance, owing to fallout from the coronavirus. Chip makers were in the firing line, while HSBC also slid on a profit plunge and potentially 35,000 job cuts......»»
HSBC To Fire As Many As 35,000
After its announced rough Q4 earning, huge bank HSBC told media that it will cut as many as 35,000 jobs The bank’s pretax profit fall 33% to $13.4 billion, well below analyst forecasts. It........»»
HSBC sets new cost cutting, earnings targets after profit falls 33%
The wider strategy overhaul also comes amid slowing economic growth in HSBC's major markets.....»»
Dow Jones Newswires: HSBC Holdings profit plunges 53%, will suspend buybacks amid revamp
HSBC Holdings PLC’s 2019 net profit plunged 53% due to a substantial amount of goodwill impairment, the bank said Tuesday, as it plans to introduce a slew of measures to cut down costs and restructure the company......»»
HSBC sets new cost cutting, earnings targets after 2019 profit falls 33%
HSBC Holdings PLC on Tuesday unveiled plans to cut $100 billion in assets, slash its investment bank and restructure in the United States and Europe, as it launched its biggest overhaul in years in a bid to improve returns......»»
HSBC sets new cost cutting, profit targets after 2019 profit falls 33%
HSBC Holdings PLC on Tuesday unveiled plans to cut costs and simplify its structure to boost earnings, after its 2019 profit dropped 33% hit by one-time write-offs linked to its investment banking and commercial banking businesses in Europe......»»
Lyft"s path to profit disappoints investors
American rideshare company Lyft forecast slower revenue growth this year, sticking to its profitability target date of 2021. Gloria Tso reports......»»
Yum Brands disappoints on Pizza Hut weakness
Yum Brands shares fell after its quarterly same-store sales and profit missed analyst expectations Thursday, as stiff competition took a bite out of sales at its Pizza Hut chain in the United States. Fred Katayama reports.....»»
BP boosts dividend as profit tops forecast and CEO bows out
BP raised its dividend and said it had completed a $1.5 billion share buyback program in a sign of confidence in its growing oil and gas business on the last day in office for Chief Executive Bob Dudley......»»
BP boosts dividend despite profit fall as CEO Dudley bows out
BP on Tuesday raised its dividend and announced the completion of a $1.5 billion share buyback program in a sign of confidence in its growing oil and gas business on the last day in office for Chief Executive Bob Dudley......»»
Nike quarterly results beat, but North America disappoints
Nike Inc's quarterly revenue and profit blew past Wall Street expectations on Thursday on strong sales in China, but lower-than-expected growth in North America, its biggest market, overshadowed the beat......»»