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November 23, 2024 07:00 | News A big battery will plug into the solar corridor to the south of Canberra, with the profits to go to the taxpayer in a revenue-sharing first. Located next to existing powerlines and solar farms, construction has begun on Eku Energy’s $400 million project that will bring 200 jobs for […]
A Delta aircraft at the airline’s hangar in Atlanta Leslie Josephs/CNBC Delta Air Lines on Wednesday said sales would grow in 2025, citing a “resilient economy” for strong travel demand and credit card spending, especially for higher-end offerings. It also said it expects to grow earnings in the coming years. Delta forecast revenue growth in […]
Global Ferronickel Holdings, Inc. (PSE: FNI), a leading nickel ore producer in the Philippines, reported revenues of ₱5.732 billion, net income attributable to shareholders of ₱502.6 million, and earnings per share of ₱0.0981 for the first nine months of 2024. “We continue to focus on operating efficiently and managing cost, while building and keeping momentum,” […]
Sony Group Corporation has unveiled its financial results for the first half of fiscal year 2024, showcasing remarkable growth across multiple sectors. The Japanese conglomerate’s gaming division emerged as a key driver of success, contributing significantly to the company’s overall performance. The company reported a 36.5% increase in net profit, reaching 570.13 billion yen ($3.81 […]
Shares in the FTSE 100 housebuilder Vistry plunged on Friday after it issued a second profit warning in as many months and said cost overruns on building projects were worse than previously thought. Vistry was the top faller on the blue chip index of stocks, with shares down 18%, wiping about £500m off the value […]
Qualcomm completes a banner year with the release of its Q4 financial results. In the fiscal fourth quarter, the company saw its revenues increase by 19% compared to Q4 2023 while net income almost doubled (+96%). Qualcomm’s report for the fiscal fourth quarter of 2024 That capped off a strong fiscal 2024 for […]
Black Friday, the day after Thanksgiving in the United States, marks the official start of the holiday shopping season. Traditionally, it was a brick-and-mortar shopping event, with crowds flocking to stores for steep discounts driving holiday sales. Today, Black Friday (BF) and Cyber Monday (CM) present opportunities for e-commerce brands to increase sales and attract […]
Huawei has been cut off from global supply chains since 2019 due to US sanctions. (AFP pic) BEIJING: Chinese technology giant Huawei saw its net profit fall by over 13% in the first three quarters of 2024 year-on-year, a company filing showed today. Huawei has for several years been at the centre of an intense […]
Supermarket giant Woolworths has warned that its first-half profits will take a hit as customers continue to trade down to cheaper products amid the cost-of-living crisis. While sales rose 4.5 per cent to $18 billion in the September quarter, the company said that the shift to specials and lower-priced products such as homebrands was hitting […]
(Bloomberg) — Profits at China’s industrial firms in September declined at a faster pace than a month earlier, as deflationary pressures sap the strength of corporate finances. Most Read from Bloomberg Last month’s industrial profits at large Chinese companies fell 27.1% from a year earlier, after a 17.8% plunge in August, the National Bureau of […]