Renault sets lower profit goal in crunch reboot year

Renault set a weaker full-year profit goal on Thursday, citing currency challenges and market uncertainties, as the French carmaker presented annual results without its recently ousted CEO Carlos Ghosn for the first time in 13 years......»»

A profit warning sent Renault's shares as much as 15% lower on Friday, capping a turbulent year for the French carmaker since the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp global auto industry slowdown......»»

Renault warned revenue may decline this year, scrapping a previous goal, after first-half profit was hit by weakening car demand and an earnings collapse at alliance partner Nissan in the wake of the Carlos Ghosn scandal......»»

Renault warned that revenue may decline this year, scrapping a previous goal, after first-half profit was hit by weakening car demand and an earnings collapse at alliance partner Nissan in the wake of the Carlos Ghosn scandal......»»

The organizer of the Boston Marathon has set a $50 million fundraising goal for this year’s race, a mark that would far surpass previous high marks......»»

The world’s largest oil exporter saw net income drop sharply last year, reflecting turmoil in oil markets amid the pandemic. read more.....»»

Ulta Beauty Inc. said Thursday it continued to feel the effects of the pandemic, posting lower fourth-quarter sales and profit year over year. It also announced that Chief Executive Mary Dillon will be replaced by company President David Kimbell......»»

BMW AG on Wednesday said the impact of the coronavirus will likely hurt demand and profit throughout the year, forcing the German automaker to lower its profit outlook for passenger cars following a slowdown in first-quarter deliveries......»»

Google parent Alphabet reported that first-quarter profits were lower than a year ago and lower than estimates. Revenues posted a double-digit gain, though, so all was forgiven......»»

Barclays is 'very very unlikely' to meet its goal of a 10% return on equity this year given the impact on its business of the coronavirus pandemic, its Chief Financial Officer Tushar Morzaria said on Tuesday......»»

Indian automaker Tata Motors has warned of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as sales in China have taken a hit because of the coronavirus outbreak......»»

Walmart Inc forecast slowing online sales growth for the year after missing Wall Street expectations for quarterly sales and profit, hurt by a shorter holiday season and lower demand for apparel, toys and electronics......»»

Renault turned in its worst financial performance in a decade in 2019 as plunging margins in its core business and a dramatic slump in contributions from alliance partner Nissan wiped out its earnings......»»

Renault reported its first loss in a decade and cut its 2020 margin target on Friday, as it attempts to draw a line under the Carlos Ghosn affair and reboot its Nissan alliance......»»

Airbus said its full-year net loss was 1.36 billion euros ($1.48 billion) compared with a net profit of EUR3.05 billion in 2018......»»

BP set one of the oil sector's most ambitious targets for curbing carbon emissions on Wednesday as new chief executive Bernard Looney began the biggest revamp in its 111-year history......»»

Heineken , the world's second largest brewer, forecast lower barley and aluminum costs would help to boost profits this year, when its long-serving chief executive will step down......»»

Heineken , the world's second largest brewer, expects to benefit from lower barley and aluminum costs this year after 2019 earnings rose exactly in line with expectations......»»

Tobacco group Imperial Brands said on Wednesday it expects full-year adjusted earnings to be slightly lower than last year due to a U.S. regulatory ban on some flavors of cartridge-based vapor devices and weaker consumer demand......»»

Japanese trading house Marubeni Corp on Wednesday cut its full-year net profit forecast by 17% due to a one-off loss on its energy assets and lower profits from U.S. agri-business in the wake of a prolonged U.S.-Sino trade war......»»