Monday, October 26, 2020
Tags Outlook

Tag: outlook

Macy’s forecasts $1 billion quarterly loss due to lockdowns

(Reuters) - Macy's Inc () forecast a quarterly operating loss of up to $1.11 billion on Thursday, as the retailer was forced...

Carlsberg forecasts 10% profit growth for 2019

COPENHAGEN (Reuters) - Danish brewer Carlsberg () revised upwards its annual profit growth outlook on Monday, saying it now expects organic operating...

Albemarle cuts 2019 forecast on lithium price pressure

(Reuters) - Albemarle Corp (), the world's largest lithium producer, on Thursday cut its sales and profit forecasts for the year, hit by a...

Brewer Heineken tempers profit hopes as Americas slip

BRUSSELS (Reuters) - Heineken (), the world's second-largest brewer, forecast profit this year would be at the bottom end of its previous guidance after...

Holiday Inn-owner IHG hit by weak China, Hong Kong bookings

(Reuters) - Holiday Inn-owner InterContinental Hotels Group () blamed lower business bookings in China and Hong Kong protests for a 0.8% fall...

British Airways owner says pilot strikes to hit profit

(Reuters) - British Airways parent IAG () warned on Thursday that full-year profit will be hit by a pilots' strike at the UK carrier...

Best Buy targets $50 billion in revenue by 2025, eyes health...

(Reuters) - Best Buy Co Inc () aims to rake in revenue of $50 billion and cut about $1 billion in costs...

Britain’s Tesco says no timetable for ‘finest’ store launch

LONDON (Reuters) - Tesco, Britain's biggest retailer, said it is considering a trial of an upmarket convenience store under the 'Tesco finest' banner but...

China’s ‘Gen Z’ shoppers fuelling luxury market momentum: Bain

PARIS (Reuters) - Chinese "Gen Z" shoppers in their early 20s are emerging as an increasingly powerful force in the luxury industry as brands...

BAT warns of steeper declines in cigarette sales, shares slip

(Reuters) - British American Tobacco (BAT), the world's No. 2 tobacco company, on Wednesday warned of steeper declines in cigarette sales globally mainly due...