Annual profits

Coronavirus “H&M warns of sales after COVID-19 decimates annual profits

WATCH: H&M warns of sales after fall in annual profits Swedish retailer Hennes and Mauritz (H&M) has warned about its first quarter sales after the coronavirus pandemic decimated its annual profits. Profits at the world’s second-largest fashion retailer fell 88.2% to £ 179million ($ 245million) in the year to November 30, 2020, and gross profit […]

Annual profits

New Geothermal Capacity Significantly Contributes to KenGen’s Annual Profit Increase | Think GeoEnergy

Construction of the Olkaria V geothermal power plant, Kenya October 2018 (source: LinkedIn / Roberto Razo) KenGen reports higher profits for the fiscal year ended June 2020, largely attributed to the new 165 MW Olkaria V geothermal power plant and revenues from the geothermal services business. The target for 2021 is now to deliver the […]

Foreign investments

China has new rules for screening foreign investment. Here are the details.

China has implemented a sweeping new law allowing national security reviews of foreign investments, just as foreign money flowing into the country is expected to reach record levels. Monday’s new regulations also come as Beijing has seen recent Chinese investment abroad come under increased scrutiny. The Foreign Investment Security Review Measures, developed by the National […]

Foreign investments

Budget 2021: Special window for foreign investments of probable high value

Large foreign investors looking to invest in India may soon see their proposals receive swift treatment from the government. According to sources, the Center plans to create a special window for strategically important investors such as sovereign wealth funds and pension funds who wish to invest more than Rs 3,000 crore through a single transaction. […]

Corporate profits

Corporate profits to improve more and more: Credit Suisse

Jonathan Golub of Credit Suisse paints a more optimistic picture for US companies with the earnings season officially underway. “It’s going to get better as we move forward through 2021 for their earnings,” the company’s chief US equity strategist recently told CNBC’s “Trading Nation”. JPMorgan Chase, Citigroup and Wells Fargo kicked off the season on […]

Annual profits

Haymarket Reports Annual Profits of £ 8.3million Despite Effects of Covid-19 | Media

Haymarket Media Group reported annual profit of over £ 8million in the last fiscal year as strong performance in its US medical business offsets the worst of the coronavirus slowdown. Haymarket, which owns more than 70 brands including What Car ?, Autocar, Campaign, GP Online, PR Week, MyCME and Finance Asia, said earnings before interest, […]

Foreign investments

Seychelles Ambassador to China: Foreign investment welcomed

06:10 Seychelles, which derives around 70 percent of its GDP from tourism, seeks to boost trade with major economies as its economy is hit by the COVID-19 pandemic. “Currently, Seychelles is experiencing a severe balance of payments crisis, so we welcome Chinese investment and funding for public sector projects that will ease our fiscal burden,” […]

Foreign investments

StanChart Partners with BIDA to Attract Foreign Investment

FE REPORT | Posted: Jan. 06, 2021, 10:32 a.m. | Update: January 07, 2021 5:00:16 PM The Bangladesh Investment Development Authority (BIDA) and Standard Chartered Bangladesh (SCB) have teamed up to try to attract more foreign investment to the country. The partnership, as the first initiative, will hold a Bangladesh-China virtual investment summit on January […]