HM Surprises with Q1 Profit but March Sales Disappoint

Q1 profit beats expectations CEO says company aims for 10 operating margin in 2024 Secondhand resale platform Sellpy now part of HM STOCKHOLM, March 30 Reuters Fashion retailer HM reported a surprise operating profit for the December to February period as costcutting measures started to bear fruit despite consumers curbing spending, but said a cold spell […]
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Chinas CNOOC Reports Record 2022 Profits, Double Previous Year

BEIJING, March 29 Reuters China39;s CNOOC, more than doubled its net profit in 2022, benefiting from a year of elevated international oil and gas prices following Russia39;s invasion of Ukraine. The company, one of China39;s three largest statecontrolled oil and gas companies, posted a record consolidated net profit of 141.7 billion yuan 20.57 billion, a […]
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Indias AprilSeptember Borrowing above Market Expectations

Govt39;s H1 borrowing at over 57 of 202324 budget plan Government to borrow 310390 billion rupees weekly Govt to carry out switch operations to smooth redemptions Sovereign Green Bonds may be announced in H2 202324 March 29 Reuters India39;s federal government plans to borrow 8.8 trillion rupees 107.08 billion slightly above expectations via bonds from […]
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