BANKING AND CREDIT NEWS-May 3, 2019--Itau cuts
profit forecastsM2 EQUITYBITES-May 3, 2019--Itau cuts
profit forecastsGlobal Banking News-May 3, 2019--Itau cuts
profit forecastsJapanese automaker Honda said yesterday its cost-cutting efforts boosted profits even as overall revenue slumped, allowing it to upgrade annual
profit forecasts in the face of a higher yen.
LUFTHANSA sent a chill through the European airline industry after it cut
profit forecasts for two years and warned over falling fares on its European and American routes.
The latest
profit forecasts are improvements on the September forecast which anticipated an industry net profit of $11.7 billion in 2013 increasing to $16.4 billion in 2014.
The Irish group, which has routinely beaten
profit forecasts in recent years, said it now expects its full-year net profit to be at the bottom end of its previously guided range of 570-600 mln euros ($750-789 mln).
FASHION firm Next upped
profit forecasts again yesterday after scaling back its summer sale.
RESILIENT trading in its high street stores helped WH Smith stick by
profit forecasts for the year.
German group Lufthansa (LHAG.DE) and Air France-KLM (AIRF.PA) have cut
profit forecasts after being hit by fuel cost rises and slashed plans to expand in 2012.
Japanese video games giant Nintendo slashed its
profit forecasts after it confirmed its new 3D handheld console will not be released before Christmas.
But the retailer lowered its full-year sales and operating
profit forecasts, citing sluggish consumer demand and a decline in average customer spending due to lower-priced products.
