Category: profit
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Logan Paul’s New Crypto Scandal: Misleading Fans For Profit
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American YouTuber and boxer Logan Paul is facing backlash again after being accused of misleading his fans about cryptocurrency investments. New evidence shows that Paul apparently promoted the tokens without admitting that he had a financial interest in them, earning more than $100,000 in the process. YouTuber profits from misleading…
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KenGen doubles dividend payout after 35pc profit rise to Sh7bn
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Electricity generating company KenGen has doubled its dividend to Sh0.65 per share after recording a significant increase in net profit for the year ending June 2024. The company made a profit after tax of Sh6.79 billion for the period, up 35.5 per cent from the Sh5.01 billion it made in…
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KenGen doubles dividend payout after 35pc profit rise to Sh7bn
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Electricity generating company KenGen has doubled its dividend to Sh0.65 per share after recording a significant increase in net profit for the year ending June 2024. The company made a profit after tax of Sh6.79 billion for the period, up 35.5 per cent from the Sh5.01 billion it made in…
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Revenue And Profit Growth, Adjusts Annual Outlook Factoring Acquisitions
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Honeywell International Company (NASDAQ:HON) shares are trading lower after the company reported third-quarter results And updated FY24 guidance. Revenue grew 6% year over year (organic: +3%) to $9.728 billion, missing the consensus of $9.901 billion. The increase in sales was due to strong growth in the defence, aerospace, commercial aviation…
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UK Government nets £1.5bn profit from Octopus-Bulb deal, closing the bailout chapter
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The UK government has secured a £1.5bn windfall following Octopus Energy’s takeover of collapsed energy supplier Bulb, marking the conclusion of the Bulb rescue saga. Octopus Energy has paid more than £3bn to the government, providing a major financial boost amid pressing budget constraints. The government intervened in November 2021…
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UK Government nets £1.5bn profit from Octopus-Bulb deal, closing the bailout chapter
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The UK government has secured a £1.5bn windfall following Octopus Energy’s takeover of collapsed energy supplier Bulb, marking the conclusion of the Bulb rescue saga. Octopus Energy has paid more than £3bn to the government, providing a major financial boost amid pressing budget constraints. The government intervened in November 2021…
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91% Of Bitcoin Holders In Profit After $66,000 Rally: Data
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On-chain data shows that about 91% of all Bitcoin holders have entered the green after the recent surge towards the $66,000 level. Bitcoin has enjoyed sharp upward momentum recently Bitcoin started the new week on a positive note with its price rising almost 4% to return to the same highs…
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Banks’ eight-month profit up 12pc to Sh181bn amid defaults
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Commercial banks recorded an 11.58 per cent increase in pre-tax profits to Sh181.1 billion in the first eight months of the year, defying an environment of rising loan defaults and low willingness to borrow. Central Bank of Kenya (CBK) data shows that January-August profits rose from Sh162.3 billion in the…
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Banks’ eight-month profit up 12pc to Sh181bn amid defaults
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Commercial banks recorded an 11.58 per cent increase in pre-tax profits to Sh181.1 billion in the first eight months of the year, defying an environment of rising loan defaults and low willingness to borrow. Central Bank of Kenya (CBK) data shows that January-August profits rose from Sh162.3 billion in the…
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Asian Bitcoiners Are Profit Maximalists
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What we read: Blockspace Media Modern Blockspace article It resonated deeply with me as someone who has lived in Asia and the West. He studied how Bitcoin users in Asia are mostly profit maximisers, not philosophically driven Bitcoin maximisers. This rang true from my experience. When I meet Asian Bitcoin…
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Samsung’s profit recovery seen weakening in Q3 By Reuters
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By Hyunjoo Jin SEOUL (Reuters) – Samsung Electronics Co is expected to report a more than four-fold jump in quarterly profit on Tuesday thanks to improved demand for chips, but the pace of its recovery is weakening as it is slow to capitalize on the chips. Artificial intelligence boom. Operating…
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Bitcoin Data Suggests Strong Upside Potential As BTC Delivers $264M In Average Net Profit
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Bitcoin is now trading at a critical level after a 5% decline from its recent local highs of around $66,500. The entire cryptocurrency market is experiencing volatility, yet investors remain optimistic about the coming months. The Federal Reserve’s decision to cut interest rates significantly boosted market sentiment, raising expectations of…
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Bitcoin Data Suggests Strong Upside Potential As BTC Delivers $264M In Average Net Profit
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Bitcoin is now trading at a critical level after a 5% decline from its recent local highs of around $66,500. The entire cryptocurrency market is experiencing volatility, yet investors remain optimistic about the coming months. The Federal Reserve’s decision to cut interest rates significantly boosted market sentiment, raising expectations of…
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Bitcoin Data Suggests Strong Upside Potential As BTC Delivers $264M In Average Net Profit
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Bitcoin is now trading at a critical level after a 5% decline from its recent local highs of around $66,500. The entire cryptocurrency market is experiencing volatility, yet investors remain optimistic about the coming months. The Federal Reserve’s decision to cut interest rates significantly boosted market sentiment, raising expectations of…
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Aston Martin drops 28% after profit warning on supply chain, China woes By Reuters
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Written by Yadarissa Shabong (Reuters) – Aston Martin warned of falling annual profits and cut its production forecast on Monday due to supply chain challenges and persistent weakness in China, sending shares down as much as 28% and raising questions about its future ambitions. The British luxury carmaker joined other…
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H&M abandons 2024 margin target as markdowns and costs hurt profit By Reuters
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By Mary Manis and Helen Reid STOCKHOLM (Reuters) – H&M (ST:) scrapped its profit margin target for 2024 as high discounting, costs and fierce competition hurt operating profit in the third quarter, sending shares in the world’s second-biggest fashion retailer down about 8%. H&M has struggled to boost profitability amid…
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Bitcoin Whales Take Profit After Latest Price Jump — Here’s How Much They Sold
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Opeyemi is a skilled writer and passionate about the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has been fully drawn to it since he entered the field over two years ago. Now, Opeyemi prides himself on creating unique pieces that…
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Bitcoin Whales Take Profit After Latest Price Jump — Here’s How Much They Sold
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Opeyemi is a skilled writer and passionate about the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has been fully drawn to it since he entered the field over two years ago. Now, Opeyemi prides himself on creating unique pieces that…
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Trafigura’s New Boss Is Ex-Soldier Who Says Profit Comes First
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Breadcrumbs Path Links PMN Business Richard Holtom is set to become the third CEO in Trafgura’s history. Article author: Bloomberg News Jack Farchie, Archie Hunter and Alfred Kang Published on September 21, 2024 • Read for 6 minutes You can save this article by registering for free here. Or log…
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Trafigura’s New Boss Is Ex-Soldier Who Says Profit Comes First
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Breadcrumbs Path Links PMN Business Richard Holtom is set to become the third CEO in Trafgura’s history. Article author: Bloomberg News Jack Farchie, Archie Hunter and Alfred Kang Published on September 21, 2024 • Read for 6 minutes You can save this article by registering for free here. Or log…