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British hunting group maintains annual forecast unchanged despite jump in profits in the first half of the year


British hunting group maintains annual forecast unchanged despite jump in profits in the first half of the year

August 29 (Reuters) – British energy services company Hunting Plc (HTG.L)opens new tab The company on Thursday reported a 23% jump in first-half profit, boosted by a strong backlog in its oil and subsea portfolios, but maintained its full-year profit forecast. The company’s shares fell as much as 7.7% in morning trade before recouping some […]

South African Rand stable ahead of data-rich second half of the week


South African Rand stable ahead of data-rich second half of the week

JOHANNESBURG, Aug 27 (Reuters) – The South African rand remained broadly stable on Tuesday, ahead of the release of several local data later this week. At 15:32 GMT, the rand was trading at 17.75 against the dollar, close to Monday’s close of 17.7575. South African investors will focus on July producer price data on Thursday […]

China Evergrande’s electric car subsidiary warns of a larger loss in the first half of the year due to impairment provisions


China Evergrande’s electric car subsidiary warns of a larger loss in the first half of the year due to impairment provisions

Aug 27 (Reuters) – The electric vehicle division of troubled property developer China Evergrande (3333.HK)opens new tab announced on Tuesday that it expected a higher loss for the first half of 2024 due to an increase in provisions for impairment. China Evergrande New Vehicle (0708.HK)opens new tab estimated its consolidated net loss for the six […]