News
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Quanta beats quarterly profit estimates, raises annual profit forecast
May 1 (Reuters) - Energy contractor Quanta Services PWR.N beat first-quarter profit estimates and raised its annual forecast on Thursday, aided by sustained strength in demand for its infrastructure services.The ongoing power grid modernization and electrification in the U.S. and construction of dat...Reuters
Thu, May 1
CNH Industrial lowers annual profit forecast on softening equipment demand
May 1 (Reuters) - Farm and construction equipment maker CNH Industrial CNH.N on Thursday slashed its annual profit forecast, hurt by subdued demand for its machines amid economic uncertainty triggered by U.S. President Donald Trump's sweeping tariffs.Farm equipment demand has been subdued as fal...Reuters
Thu, May 1
Howmet Aerospace lifts 2025 profit forecast on robust parts demand
May 1 (Reuters) - Howmet Aerospace HWM.N on Thursday raised its 2025 profit forecast on robust demand for the U.S. supplier's fasteners and other critical aircraft parts as planemakers try to produce more jets. The updated outlook, which includes current assumptions on tariff impacts, projects ...Reuters
Thu, May 1
Mcdonald's Reports Q1 Adjusted Eps $2.67 Versus IBES Estimate $2.66
May 1 (Reuters) - McDonald's Corp MCD.N:Q1 ADJUSTED EPS $2.67 VERSUS IBES ESTIMATE $2.66Q1 GLOBAL COMPARABLE SALES DOWN 1% VERSUS IBES ESTIMATE OF RISE OF 0.95%Q1 US COMPARABLE SALES DOWN 3.6% VERSUS IBES ESTIMATE OF DOWN 0.54%Q1 SYSTEMWIDE SALES DECREASED 1%Q1 REVENUE $5.96 BILLION VERSUS IBES ...Reuters
Thu, May 1
Carrier Global beats quarterly profit estimate, raises 2025 forecast amid strong HVAC demand
May 1 (Reuters) - Carrier Global CARR.N beat the analysts' estimate for first-quarter profit on Thursday, and raised its 2025 forecast, anticipating strong demand for its heating, ventilating and air conditioning (HVAC) products and aftermarket repair services.Increasing global temperatures fuel...Reuters
Thu, May 1
Looting of Gaza stores signals worsening hunger crisis
Aid workers say raids are result of desperationKitchens that feed hundreds of thousands risk closureIsrael has blocked supplies to Gaza since March 2By Nidal al-Mughrabi CAIRO, May 1 (Reuters) - Increased looting of food stores and community kitchens in the Gaza Strip shows growing desperation as...Reuters
Thu, May 1
Howden takes Marsh Asia's Gupta to lead M&A in IMEA region
By Rebecca DelaneyMay 1 - (The Insurer) - Howden has appointed Mandira Gupta as managing director and head of M&A for the India, Middle East and Africa region, the broker said on Thursday.Based in Mumbai, Gupta will be responsible for leading Howden's strategic focus on private equity and tr...Reuters
Thu, May 1
Consumer healthcare group Haleon raises medium-term profit forecast
May 1 (Reuters) - Haleon HLN.L on Thursday raised its medium-term target for profit growth from 2026, banking on strength in key markets and costs cuts within its supply chain, which would save the consumer healthcare group 800 million pounds ($1.07 billion) in the next five years.($1 = 0.7498 pound...Reuters
Thu, May 1
Hiscox eyes further growth opportunities in London market 'micro cycles': Cooper
By Rebecca DelaneyMay 1 - (The Insurer) - Hiscox sees structural opportunities for growth in its London market unit in lines such as energy construction, group CFO Paul Cooper said on Thursday, while softening lines such as cyber and D&O continue to require appropriate exposure management.Hiscox...Reuters
Thu, May 1
EXCLUSIVE-WHO set to back use of weight-loss drugs for adults globally, raises cost issue
By Jennifer Rigby LONDON, May 1 (Reuters) - The World Health Organization plans to officially back the use of weight-loss drugs to treat obesity in adults for the first time, a memo reviewed by Reuters on Thursday shows, marking a shift in its approach to treating the global health problem.The UN...Reuters
Thu, May 1
ADVISORY-Alerts on Ecovyst Q1 results wrongly tagged to Polar Capital withdrawn
Alerts on U.S.-based Ecovyst ECVT.N reporting its first-quarter results were incorrectly tagged and sourced to British specialist asset manager Polar Capital Holdings POLR.L, an unrelated entity, and have been withdrawn.For the correct alerts on Ecovyst, click nPLX8216DF STORY_NUMBER: nFWN3R8...Reuters
Thu, May 1
REFILE-Eli Lilly beats Q1 profit estimates on strength of diabetes drug
May 1 (Reuters) - Eli Lilly LLY.N on Thursday reported first-quarter profit above Wall Street estimates, helped by strong sales of its widely popular weight-loss and diabetes drugs Zepbound and Mounjaro. On an adjusted basis, the U.S. drugmaker earned $3.34 per share for the quarter, compared with a...Reuters
Thu, May 1
Smurfit Westrock sees FY EBITDA rising by up to 11% to $5.0-%5.2 bln
May 1 (Reuters) - Smurfit WestRock PLC SWR.L:SMURFIT WESTROCK REPORTS FIRST QUARTER 2025 RESULTSIRST QUARTER NET SALES OF $7,656 MILLIONQ1 NET INCOME OF $382 MILLION, WITH A NET INCOME MARGIN OF 5.0%Q1 ADJUSTED EBITDA OF $1,252 MILLION, WITH AN ADJUSTED EBITDA MARGIN OF 16.4%QUARTERLY DIVIDEND OF $0...Reuters
Thu, May 1
GM Expects Adj Diluted Eps Of $8.25 - $10.00 For Fy25
May 1 (Reuters) - General Motors Co GM.N:OUTLOOK FY EBIT-ADJUSTED $10 BILLION - $12.5 BILLIONCURRENT TARIFF EXPOSURE OF $4 BILLION - $5 BILLIONBUSINESS IS GROWING AND FUNDAMENTALLY STRONGQ1 MARGIN IN NORTH AMERICA WAS 8.8%, WELL WITHIN 8-10% TARGET RANGE, DESPITE THE ADDITION OF CRUISE EXPENSESOUTLO...Reuters
Thu, May 1
Biogen beats quarterly profit estimates on strong demand for rare disease drugs
May 1 (Reuters) - Biogen BIIB.O beat first-quarter profit and revenue expectations on Thursday, as strong demand for its rare disease drugs helped offset declining sales of its multiple sclerosis drugs.The drugmaker has been counting on newer launches such as genetic disorder drug Skyclarys as deman...Reuters
Thu, May 1
Thailand drops royal insult prosecution against American academic
BANGKOK, May 1 (Reuters) - Thailand's state prosecutor said on Thursday it will not prosecute an American academic who was arrested and charged last month with insulting the royal family, a crime that carries a penalty of up to 15 years in jail, and asked a court to free him. Paul Chambers, a l...Reuters
Thu, May 1
Graphic Packaging Holding Company Announces New Share Repurchase Plan Authorization
May 1 (Reuters) - Graphic Packaging Holding Co GPK.N:GRAPHIC PACKAGING HOLDING COMPANY ANNOUNCES NEW SHARE REPURCHASE PLAN AUTHORIZATIONGRAPHIC PACKAGING HOLDING CO - ANNOUNCES $1.5 BILLION SHARE REPURCHASE AUTHORIZATIONReuters
Thu, May 1
Suzano SA Files For Debt Shelf Size Not Disclosed - SEC Filing
May 1 (Reuters) - Suzano SA SUZB3.SA:SUZANO SA FILES FOR DEBT SHELF; SIZE NOT DISCLOSED - SEC FILINGSUZANO SA: SUZANO AUSTRIA GMBH, SUZANO NETHERLANDS B.V. MAY EACH FROM TIME TO TIME ISSUE DEBT SECURITIES GUARANTEED BY SUZANO S.ASource text: [ID:n0001104659-25-042824]Reuters
Thu, May 1
