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12.11.25 - 08:20
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Nvidia and Apple supplier Foxconn posts 17% rise in third-quarter profit (SCMP)
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Foxconn Technology Group, the world's largest electronics contract manufacturer, posted a 17 per cent rise in third-quarter profit on Wednesday, beating market forecasts, on sustained strength in demand for artificial intelligence servers.
Net profit for the July-September period for Nvidia's biggest server maker and Apple's top iPhone assembler was T$57.67 billion (US$1.89 billion), higher than the consensus estimate of T$50.4 billion compiled by London Stock Exchange Group.
Taiwan-based......
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15.08.25 - 12:24
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Online fashion retailer Shein′s UK sales leap by a third to more than £2bn (The Guardian)
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Profits rise 56% to £38.2m in 2024 as company overtakes British rival Boohoo and closes in on AsosShein, the online fast-fashion retailer founded in China, increased sales in the UK by about a third to more than £2bn last year, overtaking the British rival Boohoo and closing in on Asos.The company, which had been considering a £50bn float on the London Stock Exchange but is now expected to list in Hong Kong, said profits rose 56% to £38.2m last year on which it paid £9.6m corporation tax, according to accounts filed at Companies House this week. Continue reading......
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02.05.25 - 11:33
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Shell Stock Rises On $3.5 Bln Buyback, Despite Weak Q1 Results (RTTNews)
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Shares of Shell Plc were gaining around 4 percent on the London Stock Exchange as well as in pre-market activity on the NYSE, after the British oil and gas major announced Friday a share buyback programme of $3.5 billion, despite reporting weak first-quarter results....
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05.02.25 - 15:15
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GSK Stock Up On Q4 Results, Positive Outlook; Plans To Buyback GBP 2 Bln Shares (RTTNews)
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Shares of GSK Plc. were gaining around 6 percent on the London Stock Exchange, as well as in the pre-market activity on the NYSE, after the British drug maker reported Wednesday a higher fourth-quarter results and issued positive outlook for fiscal 2025. The company further raised its sales view for fiscal 2031, and announced dividends and 2 billion pounds share buyback programme....
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15.01.25 - 16:12
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Goldman Sachs reports biggest quarterly profit in three years (The Guardian)
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Investment bank beats Wall Street expectations as it reports earning $11.95 per share in fourth quarterGoldman Sachs posted its biggest profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.The investment bank's shares rose 2.6% before the bell on Wednesday as it earned $11.95 per share in the fourth quarter, compared with $8.22 expected by analysts, according to estimates compiled by the London Stock Exchange Group. Continue reading......
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