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UPDATE 1-Sumitomo Corp shares slump after profit forecast slashed
2014-09-30 08:04:45| Chemicals - Topix.net
Shares in Sumitomo Corp slumped more than 10 percent on Tuesday after the Japanese trading house slashed its annual profit forecast by 96 percent due to losses on a U.S. shale project and sharp declines in iron ore and coal prices. Sumitomo said on Monday it will set up a task force to review its minerals investment strategy as well as review its risk management system, after booking impairment losses of 270 billion yen before tax benefits.
Tags: update
profit
corp
shares
Shareholders balk as Ford hedges profit outlook
2014-09-30 08:04:43| Automakers - Topix.net
Higher recall costs in North America and steeper losses in Russia and South America have caused Ford Motor Co to slash its forecast for pretax profit this year to $6 billion, from $7 billion to $8 billion previously, executives told investors at a briefing on Monday. Chief Financial Officer Bob Shanks said record profits in North America aren't enough to offset trouble in South America, where Ford expects to lose $1 billion this year, and Russia, where falling sales and the rapid deterioration of the ruble took the company by surprise.
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ford
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shareholders
VIDEO: Aldi posts big rise in pre-tax profit
2014-09-30 00:43:28| BBC News | Business | UK Edition
Aldi, the discount supermarket chain, has posted a big rise in full-year profits as its share of the British grocery market continues to grow.
Balfour Beatty Notes New Profit Warning on Troubled UK Construction
2014-09-29 21:03:41| ENR.com: Headline News
But firm wins $500-million nuclear site award in joint venture; Atkins reports earlier year layoffs.
Tags: uk
notes
construction
profit
Pumpkin Patch optimistic despite FY profit fall
2014-09-26 18:24:00| Daily apparel & textile news and comment - from just-style.com
Australasian children's wear brand Pumpkin Patch has moved to a net loss for its full-year but remains optimistic of an improvement in the company's financial position.
Tags: fall
profit
patch
optimistic
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