Companies & CEOs
Nissan closes first half of financial year with a profit - 11/10/2021
Japanese automaker Nissan Motor's net profit attributable to shareholders of the parent company was 168.646 billion yen ($1.5 billion) for the first half of fiscal 2021-2022, compared with a loss of 330 billion yen ($3 billion) a year earlier, according to the company's financial statements. Earnings per share were 43.09 yen ($0.38) against a loss of 84.33 yen ($0.8) a year earlier. Revenue rose...
Pfizer's coronavirus pill boosts airlines and casinos papers - 11/09/2021
After the pharmaceutical giant Pfizer announced a pill for the coronavirus, shares of Asian casinos and airlines have risen sharply, writes Bloomberg. Pfizer announced creation of a pill against the coronavirus. According to the manufacturer the medication can reduce the number of hospitalizations and deaths among patients by 89%. In particular, casino papers in Macau rose 5.9% in trading, the...
Moller-Maersk plans massive buyback - 11/09/2021
Danish shipping company A.P. Møller-Maersk A/S (Maersk) has launched the first phase of a buy-back programme in which it will buy back shares worth up to 8 billion kroner (about $1.2 billion), the company said in a press release. "As announced on 2 November 2021, the company will buy back up to DKK 8 billion worth of Class A and B shares under the first phase of the (buy back) programme, which...
Elon Musk ready to sell 10% of his Tesla shares following Twitter poll - 11/08/2021
Elon Musk, the world's richest man, has launched a vote on Twitter to sell 10% of his Tesla stock. He said there is now "a lot of chatter" about unrealized earnings being utilized to avoid paying taxes. The selling of the shares was backed by a majority of the shareholders. "Because there has been a lot of debate recently regarding unrealized profits as a way to avoid paying taxes, I am thinking...
Mitsubishi reports profit for the first half of the financial year - 11/05/2021
Japanese carmaker Mitsubishi Motors posted a net profit of 21.7 billion yen ($191 million) for the first half of fiscal 2021-2022, ending Sept. 30, after a loss of 210 billion yen ($1.8 billion) a year earlier, according to the company’s report. Earnings per share were 14.57 yen ($0.13) against a loss of 141.02 yen ($1.23) in the first six months of the previous fiscal year. Operating profit was...
IKEA may raise prices for the first time since 2019 - 11/04/2021
Household goods chain IKEA may resort to price increases for the first time since 2019, while the company's profits are shrinking due to supply disruptions, Inter Ikea chief financial officer Martin van Dam said. "We do, indeed, want to keep prices as low as possible. We cannot let this period of time change us... We want to compensate for this price increase as much as possible. But there comes...
Real estate service Zillow to write off half a trillion dollars and stop reselling homes - 11/03/2021
US company Zillow, which allows users to sell properties online, will stop buying houses for resale on its own due to unpredictable prices. The company said it would lay off about 25% of its staff over the next few quarters due to the dissolution of the relevant division. Zillow has already written off $304m spent on resale homes and will write off another $240m to $265m in the fourth quarter of...
Standard Chartered bank profits more than double - 11/03/2021
Standard Chartered made $996 million in profit before taxes in the third quarter. It was a 129 percent increase over last year's $435 million profit and better than experts' expectations of $942 million profit. The company's earnings per share increased from 3.9 to 20.7 cents. The bank's revenues increased by 7% to $3.8 billion in the third quarter, with trade servicing revenues up 13% to $300...
Equinor announces major oil discovery - 11/02/2021
Norwegian oil and gas group Equinor (formerly Statoil), together with partners PGNiG Upstream Norway and Longboat Energy Norway, has successfully drilled an exploration well in the Norwegian Sea, according to a company press release. "Equinor, together with partners PGNiG Upstream Norway and Longboat Energy Norway, has discovered oil in exploration well 6407 / 1-9 - Egyptian Vulture," the...
Saudi Aramco becomes the world's most profitable company amid energy shortages - 11/01/2021
Saudi Aramco has overtaken Apple to become the world's most profitable company. Revenues at one of the largest oil exporters have more than doubled following the rise in oil prices caused by global energy shortages. Saudi Aramco, the Saudi state-owned oil company, presented its accounts for the third quarter of 2021. The company's profit more than doubled and reached 114.1 billion riyals ($30.4...
