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Industrial
Rivian Faces Revenue Miss Amid Supply Chain Struggles but Reaffirms Production Goals
November 08, 2024 08:25 PM AEDT| By Team Kalkine MediaHighlights:,Revenue Shortfall,:,Rivian’s Q3 revenue fell short of expectations at $874 million due to ongoing supply chain challenges.,Broader Loss Forecast,:,The company revised its full-year EBITDA loss guidance to $2.82-$2.87 billion, citing highe...
British Airways Owner IAG Reports Strong Q3 Results, Announces €350 Million Share Buyback
November 08, 2024 08:05 PM AEDT| By Team Kalkine MediaHighlights:,Share Buyback Announced,:,IAG unveiled a €350 million buyback plan following strong quarterly performance.,Operating Profit Surge,:,The group's operating profit grew by 15.4% to reach €2.01 billion for Q3.,Revenue Growth,:,Total revenue r...
Serco Faces £165m Loss on Australian Contract and Major NI Tax Change Hit
November 08, 2024 07:59 PM AEDT| By Team Kalkine MediaHighlights:,Serco loses long-running Australian immigration detention contract after rebid.,The company estimates an additional £20 million annual labour cost increase due to recent UK tax changes.,Serco plans a change programme to manage contract lo...
IAG Soars on Strong Q3 Results and New Share Buyback Announcement
November 08, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Robust Profit Growth:,IAG reported a 15.4% increase in Q3 operating profit, driven by strong demand for transatlantic and European travel.,€350 Million Buyback Plan:,The airline group announced a substantial €350 million share buyback, si...
Rolls-Royce Shares Surge as Panmure Liberum Reaffirms Buy Rating and Long-Term Price Target
November 08, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Buy Rating Reaffirmed:,Panmure Liberum reiterated its "buy" rating for Rolls-Royce Holdings PLC with a three-year price target of 665p.,Strong Long-Term Potential:,Analysts see significant potential for Rolls-Royce to re-rate closer to pe...
Tesla Rejoins $1 Trillion Market Cap Club as Stock Soars After U.S. Election Boost
November 08, 2024 07:37 PM AEDT| By Team Kalkine MediaHighlights:,Tesla Hits $1 Trillion Valuation:,The EV giant’s market cap surpasses the $1 trillion mark, driven by a surge in stock price.,Post-Election Rally:,Tesla shares jumped 30% in the week following Donald Trump’s election victory, adding over...
British Airways' Parent Company IAG Posts Significant Earnings Growth
November 08, 2024 07:29 PM AEDT| By Team Kalkine MediaHighlights:,International Airlines Group (IAG) reports a 15.4% increase in operating profit for Q3 2024, reaching €2.0 billion.,Total revenues for the period rose by 7.9%, reaching €9.3 billion.,IAG announces a €350 million share repurchase scheme an...
Key Highlights: IAG, Serco, Vistry
November 08, 2024 07:21 PM AEDT| By Team Kalkine MediaHighlights:,IAG announces strong Q3 results, including a €350m share repurchase, but reports €96m loss due to currency impacts.,Serco loses its Australian immigration contract, with a potential £18m profit impact and additional costs from UK National...
Lucid Group Surpasses Q3 Expectations Amid Record Deliveries and Growth Initiatives
November 08, 2024 07:05 PM AEDT| By Team Kalkine MediaHighlights:,Q3 Revenue Exceeds Forecasts,:,Lucid's revenue hit $200 million, slightly above projections of $198 million.,Record Deliveries Achieved,:,The company delivered 2,781 vehicles, the highest quarterly figure to date.,Liquidity and Expansion...
Serco Faces Contract Loss and Higher Costs Amid UK Budget Challenges
November 08, 2024 07:00 PM AEDT| By Team Kalkine MediaHighlights:,Contract Loss in Australia,:,Serco loses a significant Australian immigration contract it has held since 2009, affecting revenue projections for 2025.,Impact of UK Budget,:,The company,anticipates,an,additional,£20 million in,labour,costs...
Begbies Traynor Finalizes Share Buyback Initiative
November 08, 2024 06:53 PM AEDT| By Team Kalkine MediaHighlights:,Begbies Traynor Group has completed its share repurchase program, acquiring 183,291 ordinary shares on the London Stock Exchange.,The repurchased shares will be held in treasury, reducing the number of shares in circulation to 157,939,044...
Rolls-Royce Share Price Examined by Industry Experts
November 08, 2024 06:38 PM AEDT| By Team Kalkine MediaHighlights:,Rolls-Royce share price has risen 148% over the past 12 months, driven by strong financial improvements.,Analysts are optimistic about the company's long-term growth potential, supported by key divisions like civil aerospace and defense.,...
Bentley Delays Full Transition to Electric Vehicles Amid Low Demand from Existing Customers
November 08, 2024 11:00 AM AEDT| By Team Kalkine MediaHighlights:,Delayed Electric Rollout,: Bentley has postponed its plan for an all-electric vehicle line-up until 2035, citing limited demand from current customers.,Continued Hybrid Focus,: The luxury carmaker will continue selling petrol-electric hyb...
Wizz Air Faces Profit Decline Amid Pratt & Whitney Engine Groundings, Aims for Recovery
November 07, 2024 11:41 PM AEDT| By Team Kalkine MediaHighlights:,Profit Impact,: First-half operating profit dropped by 33.2%, with a 5.9% decline in adjusted pre-tax earnings due to Pratt & Whitney engine groundings.,Operational Challenges,: Around 41 aircraft were grounded as of September, with ongoi...
Rolls-Royce Reaffirms Strong Full-Year Outlook Amid High Demand and Supply Chain Progress
November 07, 2024 09:00 PM AEDT| By Team Kalkine MediaHighlights:,Resilient Performance,:,Rolls-Royce upholds profit and cash flow targets despite supply chain challenges.,Increased Demand,:,Defence,and aerospace sectors show robust demand; engine flight hours surpass pre-pandemic levels.,Strategic Tran...
Eurocell Strengthens Share Buyback Programme
November 07, 2024 08:09 PM AEDT| By Team Kalkine MediaHighlights:,Eurocell plc repurchased 17,926 of its ordinary shares as part of its ongoing share buyback program.,The transaction was conducted on the London Stock Exchange, with a volume-weighted average price of 183.69 pence per share.,Following the...
Rolls-Royce Confirms Confidence in Reaching Set Guidance
November 07, 2024 06:55 PM AEDT| By Team Kalkine MediaHighlights:,Rolls-Royce maintains its profit growth guidance for the year.,The company faces ongoing supply chain challenges, leading to delays in parts.,Rolls-Royce remains confident in achieving its financial targets despite current obstacles.,Roll...
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Persimmon Sees Recovery in Housing Demand Amid Rising Costs and Regulatory Pressures
November 07, 2024 08:28 AM AEDT| By Team Kalkine MediaHighlights:,Demand Recovery Continues:,Housing demand rebounds, with orders up by 17% year-over-year.,Steady Sales Growth:,Sales per outlet rise to 0.7 from 0.51, supported by strong visitor numbers and inquiries.,Rising Costs and Budget Impact:,Cost...
BMW Faces Technical Challenges, Lower Chinese Demand, Eyes Q4 Rebound
November 07, 2024 08:24 AM AEDT| By Team Kalkine MediaHighlights:,Third-Quarter Revenue Impacted:,BMW’s Q3 revenue fell by 15.7% due to technical issues with its Integrated Braking System and reduced demand in China.,Significant Recall and Profit Warning:,Over 1.5 million vehicles were recalled, prompti...
Surface Transforms Faces Leadership Shift and Cash Challenges Amid Strategic Review
November 07, 2024 08:22 AM AEDT| By Team Kalkine MediaHighlights:,Leadership Transition:,Chairman Andrew Kitchingman resigns unexpectedly, just two months after taking on the role.,Interim Focus on Cash Management:,Interim Chairman Ian Cleminson outlines priorities in operational improvement and stringe...
AI on the Rise: A Look at Top AI Companies and Their Stocks