U.K. Retailers Bear Brunt of Brexit Uncertainty
The retail index has lost 5.35% since August 2016, compared with a 27.3% gain in the same time period for the FTSE 350 Banks Index
U.K. Consumer Malaise Hammers Domestic Retail Stocks
Slumping U.K. consumer confidence, which fell to a one-year low Friday amid signs of a slowdown in spending, has sent domestic retail stocks into a tailspin.
Fears Over U.K. Consumer Confidence Grows As Retailer Warns of a Slowdown
Fears over U.K. consumer confidence has grown after one of the U.K.'s top retailers warned of a volatile trading environment, sending retail stocks down.
Department Store Malaise Spreads; M&S and Debenhams Revamp Store Portfolios
The malaise infecting department stores is spreading across the world as British retailing stalwart Debenhams said it was considering closing up to 10 stores, sending stock down.
It looks like Mother Nature ruined profits for U.K. retailers
Retail sales in December fall 0.1%, industry figures show.
Pfizer Stock Slides As Soft Covid Vaccine Sales Outlook Mars Q4 Earnings Beat
"As we turn to 2023, we expect to once again set records, with potentially the largest number of new product and indication launches that we’ve ever had in such a short period of time," said CEO Albert Bourla.
UPS Earnings Top Street Forecasts On Margin Focus, Revenues Miss; New $5 Billion Share Buyback Unveiled
UPS topped Street forecasts for its fourth quarter earnings, but a slump in international deliveries kept revenue gain in check.
General Motors Stock Surges As Earnings Blast Street Forecasts; Sees Robust 2023 Profits
GM blasted Street profit forecasts with adjusted earnings of $2.12 per share on revenues of $43.1 billion.
Exxon Mobil Posts Record $56 Billion 2022 Profit, Beats Q4 Forecasts As Crude Surges
“While our results clearly benefited from a favorable market, the counter-cyclical investments we made before and during the pandemic provided the energy and products people needed," said CEO Darren Woods.