AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Retail
Could Burberry Be Overpriced Despite Its Recent Rally?
November 12, 2024 10:18 PM AEDT| By Team Kalkine MediaHighlights,Burberry Group plc,(LON:BRBY),has seen significant growth on the LSE recently, drawing investor interest.,Despite this rally, the company remains below its peak performance from earlier in the year.,Key factors, including market position a...
Home Depot Beats Sales Estimates, Lifts Full-Year Guidance Following Strategic Acquisition
November 12, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Sales Growth Surpasses Expectations:,Home Depot reports third-quarter sales of $40.2 billion, exceeding Wall Street forecasts, driven by strategic acquisitions and improved seasonal demand.,Impact of SRS Distribution Acquisition:,The purc...
Luxury Sector Grapples with Weak Sales as Chinese Spending Contracts
November 12, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Chinese Consumer Spending Declines:,Chinese spending on luxury goods has turned negative, hitting sales across the sector harder than anticipated.,Profit Margins Under Threat:,Flat sales in recent months could pressure profitability, with...
Vistry Group Faces Profit Hit Amidst Cost Mismanagement in South Division
November 08, 2024 07:55 PM AEDT| By Team Kalkine MediaHighlights:,Increased Profit Impact,:,Vistry,Group now forecasts a total profit hit of £165 million due to understated,build,costs in its South division.,Extended Scope of Issues,:,Problems have expanded from nine to eighteen sites, with adjustments...
Asda Warns of Price Increases as Budget Adds £100 Million in Extra Costs
November 08, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Budget Impact on Costs:,Asda projects an additional £100 million in costs due to increased National Insurance contributions announced in the recent Budget.,Operational Concerns:,Chairman Stuart Rose acknowledged shortcomings in store expe...
Richemont Faces Headwinds Amid Weak Chinese Market and Rising Costs
November 08, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Drop in Sales and Profits: Richemont reported a 1% revenue decline and a 17% fall in operating profit, hit by low demand in China.,Asia-Pacific Struggles: Despite growth in Malaysia and South Korea, the Asia-Pacific region saw an 18% sale...
Burberry's Interim Results to Reflect Turnaround Efforts Amid Takeover Rumours
November 08, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Potential Takeover Rumours: Reports suggest luxury outdoor brand Moncler, backed by LVMH, may consider a takeover of Burberry.,Focus on Turnaround Strategy: New CEO Joshua Schulman aims to drive a strategic turnaround after recent profit...
UK Government Poised to Intervene in Baby Formula Market Amid High Prices and Limited Competition
November 08, 2024 07:30 PM AEDT| By Team Kalkine MediaHighlights:,CMA Proposes Government Intervention,:,The UK consumer watchdog warns baby formula suppliers may face direct government action to lower prices if current market practices do not improve.,Market Dominance and High Margins,:,Major players l...
Airbnb Sees Revenue Growth Despite Decline in Net Income, Stock Slips in After-Hours Trading
November 08, 2024 07:10 PM AEDT| By Team Kalkine MediaHighlights:,Slight Earnings Miss,:,Airbnb’s third-quarter earnings narrowly missed analyst forecasts, leading to a drop in stock value.,Strong Revenue Growth,:,Revenue increased by 10%, bolstered by gains in emerging markets and improved booking rate...
AMC Entertainment Reduces Debt, Eyes Strong Future Box Office Line-Up for Growth
November 08, 2024 12:40 AM AEDT| By Team Kalkine MediaHighlights:,Debt Reduction,: AMC's debt dropped to $4.14 billion, with refinancing extending maturities to 2029-2030.,Revenue Growth,: Q3 revenue rose 31% from Q2, with optimism over a strong film slate for 2024-2026.,CEO's Positive Outlook,: CEO Ada...
Sainsbury's Interim Results: Strong Grocery Sales Drive Profit Growth Despite Challenges in General Merchandise
November 07, 2024 07:28 PM AEDT| By Team Kalkine MediaHighlights,Sales Growth:,Sainsbury's achieved a 4.6% increase in total sales, with grocery sales up by 5.0%, though General Merchandise and Argos experienced declines.,Retail Profit Growth:,Retail underlying operating profit grew by 3.7%, driven by s...
Sainsbury's Reports Strong Grocery Sales Amid Mixed Performance in Non-Grocery Segments
November 07, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Grocery Growth,: Strong grocery sales growth offset declines in other business areas, driving profit leverage.,Improvement in Argos,: After a tough first quarter, Argos sales showed improvement in the second quarter.,Strategic Dividends a...
Tate & Lyle Nears Completion of CP Kelco Acquisition to Bolster Global ‘Mouthfeel’ Leadership
November 07, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Acquisition Final Stages,: Tate & Lyle’s $1.8 billion purchase of CP Kelco, enhancing its presence in the mouthfeel industry, is nearing completion.,Broad Ingredient Portfolio,: CP Kelco’s range includes hydrocolloids like pectin and xant...
Puma Navigates Currency Challenges and Rising Costs to Deliver Stable Third-Quarter Results
November 07, 2024 08:33 AM AEDT| By Team Kalkine MediaHighlights:,Currency Headwinds Impact Sales:,Euro-denominated sales were hit by currency shifts, reducing reported growth by approximately €100 million.,Increased Operating Expenses for Expansion:,Puma's operating expenses rose by 1.1% as the brand i...
Britain’s Construction Sector Growth Slows as House Building Declines Amid Economic Uncertainty
November 07, 2024 08:19 AM AEDT| By Team Kalkine MediaHighlights:,House Building Contracts:,The house building segment fell into contraction territory for the first time since June, hindering overall construction growth.,PMI Shows Eighth Month of Growth:,The construction PMI remained in growth territory...
Dalata Hotel Group Expands with Acquisition of Radisson Dublin Airport Hotel for €83 Million
November 07, 2024 08:17 AM AEDT| By Team Kalkine MediaHighlights:,Strategic Expansion at Dublin Airport:,Dalata acquires the Radisson Dublin Airport, bolstering its presence near Terminal 2 with plans to rebrand under its Clayton brand.,Strong Revenue-Generating Asset:,The four-star hotel delivered €6.5...
Trump Media & Technology Group Sees Stock Recovery as US Presidential Voting Begins
November 06, 2024 07:05 PM AEDT| By Team Kalkine MediaHighlights:,Strong Stock Recovery,:,Shares in Trump Media & Technology Group surge 15% as Election Day unfolds.,Volatile Pre-Election Trends,:,The stock rebounded after fluctuating with polls, rising from September lows to current highs.,Election Unc...
French and Dutch Authorities Investigate Netflix for Potential Tax and Labor Violations
November 06, 2024 07:00 PM AEDT| By Team Kalkine MediaHighlights:,Netflix Offices Raided:,French and Dutch authorities conducted searches at Netflix's Paris and Amsterdam offices as part of an ongoing investigation.,Focus on Tax and Labor Law Compliance:,The probe examines alleged tax fraud and labor la...
Marks & Spencer Reports Strong Interim Profit Growth Driven by Food Sales and Cost Savings Initiatives
November 06, 2024 06:56 PM AEDT| By Team Kalkine MediaHighlights:,Profit Growth,:,Marks & Spencer’s pre-tax profit rose by 20.4%, driven by strong food sales and improved cost efficiency.,Increased Revenue,:,Overall revenue climbed 5.7% to reach £6.5 billion, with food sales jumping 8.1%.,Future Focus,:...
JD Wetherspoon Warns of Rising Costs and Price Hikes Amid New Budget Pressures
November 06, 2024 06:20 PM AEDT| By Team Kalkine MediaHighlights:,Sector-Wide Price Increases,:,Wetherspoon’s Tim Martin predicts higher prices across hospitality due to Labour’s Autumn Budget.,Escalating Costs,:,The company,anticipates,an annual increase of £60 million in taxes and business expenses.,S...
AI on the Rise: A Look at Top AI Companies and Their Stocks