COST Financial News

17.08 / 05:21

COST Provident Bottomline show performer Profit Galore! 40 BSE500 cos see PAT doubling YoY in Q1

As many as 40 companies, part of the BSE 500, reported more than 100% year-on-year (YoY) growth in profit in the quarter ended June, data analysed by ETMarkets showed. Profitability increased both on a YoY and sequential basis across sectors, led by stable-to-higher product prices and stable-to-lower raw material prices. Among the 40 companies were four public sector banks, including the country’s largest lender State Bank of India.SBI reported a 149% YoY growth in net profit to Rs 18,736 crore, while Punjab National Bank’s profit surged by nearly three times to Rs 1,211 crore.

17.08 / 04:41

COST UPS Provident cover New Mexico congressman in swing district seeks health care trust for oil field workers

A bill aimed at compensating oil field workers and immediate relatives for uninsured medical costs related to air-pollution and heat-related illness has been introduced by a first-term congressman from New Mexico

17.08 / 04:41

COST UPS show performer track Biden's approval rating on the economy stagnates despite slowing inflation, AP-NORC poll shows

President Joe Biden has devoted the past several weeks to talking up the positive impacts of his policies — but his efforts have yet to meaningfully register with the public

17.08 / 03:41

COST UPS CEO Action performer surges Origin’s core profit surges 83.5pc, forecasts better results

Origin Energy expects earnings in its energy markets business to improve this year before a softening in electricity profits as tariffs finally turn south.

17.08 / 03:41

COST Manufacturing NYSE Chase country Amcor says price increases will continue as profit slides 11pc

Amcor, the world’s largest consumer packaging company, says the $US1.1 billion ($1.7 billion) in price rises pushed through to customers in the past 12 months are unlikely to be topped this year, but warned inflation has not been tamed.

17.08 / 03:41

COST UPS Adventure performer Slowdown takes gloss off Rebel, Supercheap Auto sales boom

Super Retail Group chief executive Anthony Heraghty has rewarded shareholders with a special dividend of 25¢ a share after sales and profits rose over the 2023 financial year.

17.08 / 03:41

COST UPS IPO Provident CEO CBOE chess ASX profit whacked from bungled CHESS project

ASX chief executive Helen Lofthouse said the looming peak in interest rates and softening inflation should lure more traders back to the sharemarket, pushing back on concerns the outlook for revenue growth remains challenged.

17.08 / 03:41

COST UPS Provident Digital Strategy Mobile Telstra Option Telstra profit hits $2b, shelves option for infrastructure sale

Telstra boss Vicki Brady says the emergence of artificial intelligence and demand for cloud storage are reasons to keep the telecoms group’s massive infrastructure business after delivering a 13 per cent jump in annual profit to $2.05 billion.

17.08 / 02:53

COST UPS IPO band cover Pyramid Technoplast IPO: Pyramid IPO opens tomorrow; here are 10 things to know

₹480 crore for the fiscal year ending March 2023, while its net profit was ₹31.76 crore. The listed industry peers of the company are Time Technoplast Ltd, TPL Plastech Ltd, and Mold-Tek Packaging Ltd.

17.08 / 02:17

COST Reuters Strategy US Steel proposes new offer to ArcelorMittal, may reverse retreat from US: Report

Indian steel magnate Lakshmi Mittal's company ArcelorMittal SA may not have to retreat from the US as US Steel Corp has reportedly proposed a new offer to the company. According to a report by Reuters, ArcelorMittal, which is the world's second-largest steelmaker, is also considering the offer by US Steel. Mittal is discussing a possible offer with its investment bankers, and there is no certainty that it will press ahead with it, Reuters mentioned adding sources.

17.08 / 02:17

COST UPS Provident Tesla SpaceX cover elon Elon Musk's Tesla and SpaceX are trying to ‘help people of Hawaii’ devastated by wildfires

Elon Musk on Wednesday said two of his companies - Tesa and SpaceX are doing their best to help the people of Hawaii. Hawaii's Maui and the town of Lahaina have been devastated by wildfires that have claimed the lives of over 110 people.

17.08 / 01:21

COST UPS NIFTY performer Profit jumps, revenue crawls for India Inc in Q1

India Inc's revenue growth decelerated sharply year-on-year in the June quarter, dragged down by the oil and gas sector and a higher base in the year-ago period while net profit growth was robust, helped by easing input costs. A stellar performance by the banking, financial services, and insurance (BFSI) sector supported aggregate earnings. While analysts remain optimistic about the earnings trend in the coming quarters, rising crude oil prices, softening exports and state and general elections in the coming quarters will be key factors to watch for.

17.08 / 00:57

COST Extreme Platform Software show electronic Smartwatch firms turn to price cuts to gain market share

Noise, Boat, Fire-Boltt, and Boult Audio – have resorted to a bruising price war in a bid to capture market share – reminiscent of smartphone sales online a few years back. Analysts have also pointed to the ability of smartwatch makers to drive down the prices of their products, considering the falling production costs. The price war is most evident in the lower end of the market, which is where most companies have been launching most of their new products over the last year.

17.08 / 00:57

COST Target Merit Remark Patrick show Fed saw 'significant' inflation risk that may merit more hikes

Federal Reserve officials at their last meeting largely remained concerned that inflation would fail to recede and suggested they may continue raising interest rates. «Most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy,» according to minutes of the US central bank's July 25-26 policy meeting published Wednesday in Washington.

17.08 / 00:37

COST UPS ANZ country reports ANZ Group reports higher late mortgage payments in stiff market

(Reuters) — ANZ Group Holdings said on Thursday late mortgage repayments past 90 days edged higher in the June quarter but were still below historic levels while logging higher customer deposits in a stiff market.

17.08 / 00:35

COST UPS Citi Reuters Booking restrictions Panama Canal extends transit restrictions through Sept. 2

By Elida Moreno and Marianna Parraga

17.08 / 00:35

COST Occidental fall Colombia's Grupo Aval posts 75% fall in profit as bank margins fall

(Reuters) — Colombian financial conglomerate Grupo Aval reported a 75.4% year-over-year fall in net profit in the second quarter, according to a securities filing on Wednesday, despite a strong boost in interest income.

17.08 / 00:21

COST UPS Reuters Manufacturing show Some 40% of Japanese firms see fundraising impact from BOJ tweak

By Anton Bridge

16.08 / 21:43

COST UPS Provident Target Progressive track rate hikes Threat Reserve Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes

Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting

16.08 / 21:43

COST Citi Citizens Manufacturing Fine 'Smart Window' maker to pay nearly $5 million fine for illegal wastewater dumping in Mississippi

A federal judge has ruled California-based company will pay just under $5 million in fines for discharging wastewater into a publicly owned sewage treatment plant in Mississippi without obtaining a valid state permit

16.08 / 20:31

COST Twitter Platform Highways love social West Maui highway reopens but 'destruction zone' remains off limits

By Jonathan Allen

COST Financial News

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