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Swiss airlines: Small operating profit in Q3

Jonathan Hobbs November 3, 2021

In the third quarter, Swiss airlines turned a profit. However, the carrier forecasts a large loss for the entire year. After suffering large losses due to the pandemic a year earlier, the airline Swiss managed to earn a small operating profit in the third quarter of 2021. Revenues of the

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H&M: Profits exceed pre-pandemic levels

Jonathan Hobbs September 30, 2021

Hennes and Mauritz (H&M), the Swedish clothing giant, reported Thursday quarterly profits that exceeded pre-pandemic levels by a large margin. From June to August, H&M posted a net profit of 4.69 billion kroner (about $540 million), compared with 1.8 billion last year. It is exceeding its pre-pandemic level of 3.86 billion in the third quarter […]

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The Weakening USD is Bolstering the Gold Prices Today

Billy Houghton August 31, 2021

The weakening USD is bolstering the gold prices today in Asia. With a weakening buck providing the steel that is yellowish boost. Investors are actually trying to U.S. information being financial later on into the week to gains clues to if the U.S. Federal Reserve begins asset tapering. Silver futures were up 0.33% to $1,818.15 […]

Economy News Shares Technology

Fortescue Metals Group Has Recorded Highest Yearly Profit

Billy Houghton August 30, 2021

Fortescue Metals group has recorded highest yearly profit on Monday. This was a result of sky-high iron ore costs but senior administration received a shock cut to bonus repayments. Top professionals will get simply 28% of whatever they might have gained in a motivation that is long-lasting. The planet’s fourth-largest iron ore miner stated this […]

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InterContinental Hotels returns to profit

Jonathan Hobbs August 10, 2021

InterContinental Hotels (IHG), the British hotel group, said on Tuesday that occupancy at its properties increased in the first half of this year, as economies around the world recovered. According to a statement, IHG, which owns the InterContinental, Holiday Inn and Crowne Plaza brands, posted a net profit of $48 million in the first half […]

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Renault returns to profit in the first half

Jonathan Hobbs July 31, 2021

Renault Group has recovered in the first half of the year with a net profit of 368 million euros ($436 million), its savings plan being above its target, after a very difficult year for 2020. Renault warns that the semiconductor crisis could lead to a loss of around 200,000 vehicles this year due to assembly […]

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Airbus delivers solid performance despite Covid-19

Jonathan Hobbs July 29, 2021

While the airline industry remains stricken by the pandemic, Airbus reported a solid performance in the first half, that enabled the airline to significantly raise its delivery and profit targets for 2021. The European aircraft maker posted a net profit of 2.2 billion euros ($2.6 billion) on Thursday. The strong performance was largely due to […]

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Unilever: first-half profit down

Jonathan Hobbs July 22, 2021

Unilever announced a 5% decline in first-half profit to 3.1 billion euros ($3.65 billion), which was partly driven by foreign exchange losses. Sales rose by a mere 0.3% to 25.8 billion euros (30 billion dollars), largely because of a negative currency effect. According to the group, sales would have been much higher with a constant […]

Economy News

JPMorgan Chase reports record profits for the fourth quarter

Jonathan Hobbs July 13, 2021

JPMorgan Chase reported Tuesday a record profit in the fourth quarter and lowered the amount of money it had set aside for potential delinquencies, which it had greatly inflated at the beginning of the pandemic, but the U.S. bank remains cautious for the coming months. A statement from the institution details that it earned 12.1 […]

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Swiss airlines: Small operating profit in Q3

H&M: Profits exceed pre-pandemic levels

The Weakening USD is Bolstering the Gold Prices Today

Fortescue Metals Group Has Recorded Highest Yearly Profit

InterContinental Hotels returns to profit

Airbus delivers solid performance despite Covid-19

JPMorgan Chase reports record profits for the fourth quarter

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