Category: Sales
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Election and rate cut points to UK home sales pickup, RICS says By Reuters
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LONDON (Reuters) – Britain’s housing market looks set for a sales recovery in the coming months after the Bank of England cut interest rates and the new government shifted its focus to the sector, a survey showed on Thursday. The Royal Institution of Chartered Surveyors said its gauge of expected…
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Warm weather boosts UK retail sales in July, but big purchases still lag behind
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The delayed arrival of warm summer weather helped UK retail sales rebound in July, according to industry data, even as shoppers continued to avoid big purchases amid an ongoing cost of living crisis. Total UK retail sales rose 0.5% year-on-year in July, data from the British Retail Consortium showed. This…
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Champion Iron posts record sales, focuses on green growth By Investing.com
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Champion Iron Limited (CIA.TO) has announced its first quarter results for the fiscal year 2025, showcasing a period of robust performance and strategic advancements. The company achieved record sales, crossing the 3.4 million tonnes mark, and produced approximately 3.9 million tonnes of high-grade iron ore. A notable achievement during the…
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Intel’s Sales Slump Shows Price of Falling Behind in AI Race
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(Bloomberg) — Intel Corp. shares fell more than 19% after delivering a slew of dizzying news, including a bleak growth outlook and plans to cut 15,000 jobs, in the latest sign the chipmaker is ill-equipped to compete in the age of artificial intelligence. Most Read from Bloomberg The company said…
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Moderna cuts 2024 sales forecast, sees low EU vaccine revenue into 2026 By Reuters
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By Patrick Wingrove and Leroy Liu (Reuters) – Moderna Inc on Thursday cut its 2024 sales forecast for its COVID-19 and respiratory syncytial virus vaccines by about 25%, or $1 billion, due to lower COVID sales to the European Union that it expects to continue through 2026. Shares of the…
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Investors reap Sh14b profit in secondary market bond sales
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Bondholders made a profit of N14 billion from trading on the Nairobi Securities Exchange (NSE) secondary market in the second half of the year, benefiting from higher prices of infrastructure bonds. Investors sold bonds with a face value of Sh309.6 billion against a volume of Sh323.6 billion in the quarter,…
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Marriott cuts 2024 sales view on China drag, slower North American demand By Reuters
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(Reuters) – Hotel operator Marriott International Inc (NASDAQ:MRX) lowered its 2024 room revenue growth forecast on Wednesday, citing a weaker operating environment in China and expectations of weaker demand in North America. The company’s shares fell 4.7% before the bell. Marriott expects its revenue per available room (RevPAR), an important…
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Starbucks reports in-line Q3 earnings as sales miss on China weakness; shares up By Investing.com
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Investing.com – Starbucks Corp reported mixed third-quarter results on Tuesday, with earnings matching Wall Street estimates while revenue fell short of expectations due to weak sales in China. Shares of Starbucks Inc. (NASDAQ:) rose more than 2% in premarket trading on Wednesday. Starbucks earned $0.93 on revenue of $9.1 billion.…
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McDonald’s global sales drop for the first time in four years as cost of living impacts consumer choices
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McDonald’s global sales fell for the first time in nearly four years, falling 1% in the second quarter as consumers tired of inflation opted to eat at home or opt for cheaper menu options. The company expects same-store sales to continue to decline over the next few quarters, and is…
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McDonald’s global sales drop for the first time in four years as cost of living impacts consumer choices
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McDonald’s global sales fell for the first time in nearly four years, falling 1% in the second quarter as consumers tired of inflation opted to eat at home or opt for cheaper menu options. The company expects same-store sales to continue to decline over the next few quarters, and is…
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surge in activity and notable sales drive market momentum
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The NFT market saw a huge increase in activity this week, with a 48% increase in buyers and several notable sales. In an eventful week for the NFT market, the Ethereum (ETH) and Solana (SOL) blockchains maintained their dominance, with digital collectibles on these chains seeing significant sales and attracting…
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surge in activity and notable sales drive market momentum
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The NFT market saw a huge increase in activity this week, with a 48% increase in buyers and several notable sales. In an eventful week for the NFT market, the Ethereum (ETH) and Solana (SOL) blockchains maintained their dominance, with digital collectibles on these chains seeing significant sales and attracting…
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Group 1 Automotive sales set record high despite adverse weather, CDK disruptions (GPI)
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Group 1 for cars (New York Stock Exchange: GPIShares of Hyundai Motor Co. jumped to an all-time high on Wednesday as second-quarter results beat Wall Street expectations, with strong new vehicle sales offsetting recent disruptions caused by Hyundai Motor’s power outage that affected dealerships across the country and weather events…
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Canada May retail sales -0.8% vs -0.6% expected
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Previously +0.7% (revised to +0.6%) Previous cars -1.3% vs. -0.5% expected Previous excluding autos +1.8% (revised to +1.7%) Excluding autos and gasoline -1.4% vs. +1.4% previously The largest decline in sales was at food and beverage retailers (-1.9%). Sales also fell in May at building materials, garden equipment and supplies…
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Housing sales in Israel up 37%
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The Central Bureau of Statistics reports that 22,610 housing transactions were recorded between March and May 2024, an increase of 37% over the same period in 2023 and an increase of 2.7% over the previous three months. An exceptionally high 47.4% of the homes sold were new homes, and 20%…
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USDCAD higher on the day. Retail sales weak pave the way for a BOC rate cut next week.
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The USD/CAD pair rose during the North American session following weaker-than-expected retail sales earlier today. This, coupled with weaker CPI data earlier this week, paves the way for a Bank of Canada interest rate cut next week (Wednesday). Technically, the price broke a bearish trend line, maintaining the bullish trend…
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Dollar edges higher on safety bid; sterling drops after weak retail sales By Investing.com
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Investing.com – The U.S. dollar edged higher on Friday, heading for a positive week, while the British pound fell after weak retail sales data. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 104.065, recovering from…
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D.R. Horton’s home sales forecast, $4 billion buyback send shares to record high By Reuters
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By Ananta Agarwal (Reuters) – D.R. Horton Inc cut its annual home sales forecast and beat Wall Street estimates for quarterly profit on Thursday, as historically low U.S. supply supported demand despite higher mortgage rates, sending its shares to a record high. The largest U.S. homebuilder by sales volume now…
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U.S. Retail Sales Take a Breather But Still Up 2.3% From Last Year
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The latest preliminary estimates from the U.S. Census Bureau show that U.S. retail and food service sales decided to take a short breather in June 2024, remaining virtually unchanged from May at $704.3 billion. But wait, sales are still up 2.3% compared to June 2023, so it’s not all doom…