Streetbeat News

Revenues

RTO

Rentokil Initial reported lower-than-expected trading performance in North America for July and August, impacting revenue and profit margins. The company anticipates a 1% organic revenue growth in North America for H2 2024 and a reduced operating profit margin. The rest of the group is performing well, but currency headwinds are expected to affect the overall financial results.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:38 am

IEZ

OIH

SLB

Schlumberger N.V. (NYSE:SLB) has successfully demonstrated a sustainable lithium production process at its Nevada plant, significantly reducing environmental impact and increasing efficiency. This innovation could accelerate the availability of high-quality lithium products. Schlumberger's recent financial performance also showed strong growth, with a 13% revenue increase in Q2 2024.

Portfolio Pulse from Lekha Gupta

September 11, 2024 | 10:15 am

CPA

Copa Holdings reported an 8.2% increase in capacity and a 5.8% rise in system-wide passenger traffic for August 2024. However, the system load factor decreased by 1.9 percentage points to 85.1% compared to August 2023.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 10:04 am

BCS

GM

GS

JPM

Goldman Sachs is facing a potential $400 million pre-tax hit from the sale of its GM credit card portfolio due to high charge-off rates. The sale to Barclays has been delayed, impacting Goldman's stock, which fell over 4%. The bank's consumer-lending ventures have resulted in significant losses, prompting a shift back to core investment banking services.

Portfolio Pulse from Benzinga Neuro

September 11, 2024 | 9:38 am

T

AT&T CEO John Stankey announced at the Goldman Sachs Communacopia Conference that the company will invest $21-22 billion in 2024 for 5G and fiber expansion. Despite a work stoppage affecting fiber installations, AT&T expects no material impact on Q3 financials and remains on track to meet its financial guidance.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 7:25 am

EWU

The U.K. trade balance with non-EU countries for July was reported at -7.50 billion, slightly worse than the previous month's -7.46 billion.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:08 am

EWU

The U.K. trade balance for July was reported at -20.00 billion, worse than the estimated -18.00 billion and the prior -18.89 billion. This indicates a larger trade deficit than expected.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:08 am

EWU

The U.K.'s GDP for the three months ending in July grew by 0.5%, slightly below the estimated 0.6% and the previous 0.6%. This indicates a slight slowdown in economic growth.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:07 am

EWU

The U.K. Manufacturing Production for July decreased by 1.0% month-over-month, missing the estimated increase of 0.2% and down from the previous month's 1.1% growth.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:07 am

EWU

The U.K. Industrial Production for July decreased by 0.8%, missing the estimated growth of 0.3% and reversing from a 0.8% increase in the prior month.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:06 am