Guidance Financial News

The guidance sets out how authorised firms communicating or approving crypto financial promotions should apply Consumer Duty principles to their marketing.

Block shares surged 25 per cent on the ASX on Friday after Jack Dorsey’s payments company said it would cut global staff by 1500 to keep a lid on costs and announced a surprise $1 billion share buyback.

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Rules for crypto asset promotion that came into force in the United Kingdom on Oct. 8 have led to some confusion, judging from the low level of compliance. The Financial Conduct Authority (FCA) responded with additional guidance for crypto firms to help them fall into line.

Shares of Estee Lauder (NYSE:EL) plunged following the company's earnings release on Wednesday, which has prompted analysts at Telsey and RBC Capital to downgrade the stock.

Tata Motors Q2 Print: JLR revenue up 30.4% at £6.9 billion, FY24 EBIT margin guidance raised to 8% THIS COPY IS BEING UPDATE"Exciting news! Mint is now on WhatsApp Channels

Domino’s Pizza Enterprises chief executive Don Meij says the company will spend this year “rebuilding”, telling shareholders at its annual meeting in Brisbane that a cost-cutting program was on track.

Saugata Gupta, MD & CEO, Marico, says “it was a combination of two things have happened, as far as margins are concerned. Yes, there is some raw material tailwind, there has been significant efforts which we continue to do to manage costs and obviously spend effectiveness and we have introduced a significant amount of analytics into our spend effectiveness dive. The other thing that has helped is that we have focused on two things; first is that in the food business, which we had scaled up from 2020. The other one which we worked on in a very focused manner was to improve or reduce the cash burn rate in digital brands.” The company has upped its margin guidance for FY24. What are the factors that are leading to this particular move? Where do you believe the margin improvement in FY24 could be 200 bps versus earlier guidance of 150 bps? Is that on the back of the softness in the RM cost and also how much are you confident about the sustainability of the margin levels going ahead? Our entire focus is to ensure that we maximize volume growth and market share subject to a threshold level of margins and in the past we have defined that threshold as anything between 19% and 20%. Some years, it has crossed 20% and this year we are going to deliver a number which could be one of the highest in our history.

Computer processor maker AMD (NASDAQ:AMD) reported Q3 FY2023 results beating Wall Street analysts' expectations, with revenue up 4.22% year on year to $5.8 billion. However, next quarter's revenue guidance of $6.1 billion was less impressive, coming in 4.53% below analysts' estimates. Turning to EPS, AMD made a non-GAAP profit of $0.70 per share, improving from its profit of $0.67 per share in the same quarter last year.

Investing.com – Advanced Micro Devices reported Tuesday better-than-expected third-quarter results, but the chipmaker also delivered softer current-quarter guidance as slowing sales in its gaming sector and softer demand in embedded markets are expected to weigh. 

United States Senator Cynthia Lummis has scored another one for crypto with a Government Accountability Office (GAO) decision issued on Oct. 31. The GAO found that Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 should be subject to congressional review. That bulletin, issued in March 2022, has been a source of ire for many pro-crypto lawmakers.

Adore Beauty shares raced to their highest in two months after the online beauty retailer defied the tougher retail environment to stick with its profit margin guidance for this year. Turnover and shoppers both grew in the first quarter.

UPL Q2 Results: UPL Ltd on Monday reported a consolidated net loss of ₹189 crore in the quarter ended September 2023, as against a consolidated net profit of ₹814 crore in the same quarter last year. UPL reported a consolidated net profit of ₹166 crore in the quarter ended June.

Lodha, listed at Macrotech Developers, is set to exceed its full year guidance of Rs 17,500 crore worth Gross Development Value (GDV) for new project additions in the current financial year, said a top company official. The company has already added projects with development value of Rs 14,300 crore or over 80% of its full year guidance in the first half of the financial year and expects to surpass the guidance soon, Abhishek Lodha, MD & CEO, Macrotech Developers, told ET. “Given how much we have already achieved in the first half and the pace of new project additions and strengthening the pipeline of business development opportunities, we are well on our way to exceed our full-year guidance,” Lodha said. The company will continue to operate with its ‘supermarket’ strategy that involves undertaking a development every 3-5 kilometres across key core property markets including Mumbai and Pune. “The ‘supermarket’ strategy is part of our diversification. We believe that Indian homebuyers typically do not shift beyond 3-5 kilometres away from where they currently live.

Investing.com — Intel (NASDAQ:INTC) delivered better-than-expected guidance for the current quarter after third-quarter earnings markedly beat analyst estimates amid signs PC demand has bottomed.

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, upgraded its leasing guidance to 6.5 mn sqft of office space in FY24, despite global financial turmoil and corporates reassessing their real estate portfolio. “We have successfully leased 3.1 mn sq ft, and the outlook for the full year looks promising, bolstered by a record leasing pipeline of 2.5 msf. We are also very pleased to further strengthen our long-standing partnership with one of our largest clients at Embassy GolfLinks.

Invesitng.com — Meta Platforms reported Wednesday third-quarter results that topped Wall Street expectations and stronger guidance for the current quarter as cost cuts boosted margins. 

BERLIN (Reuters) -Nivea maker Beiersdorf raised its full-year sales guidance on Wednesday, as it reported a 11.2% hike in organic group sales in the first nine months, driven by its consumer business unit.

investing.com — F5 Networks reported Tuesday annual revenue guidance that fell just shy of Wall Street estimates despite delivering better-than-expected fiscal fourth-quarter results amid an ongoing boost from its transition away from hardware to services and software. 

Investing.com — Texas Instruments reported Tuesday third-quarter revenue and current-quarter guidance that fell short of Wall Street estimates as weaker industrial demand for chips broadened, weighing on performance.   

The guidance will be co-designed with signatories to enable more targeted support for them as they move ahead with their responsible investment practices.