The Bank of England is likely to lower its interest rate from a 16-year high on Thursday but it will be a very close call. The Monetary Policy Committee is expected to trim the bank rate by 25 basis points to 5.00 percent. This will be the first reduction since the onset of the pandemic....
The British pound weakened against other major currencies in the pre-European session on Thursday. The pound fell to nearly a 1-1/2-month low of 1.1231 against the Swiss franc, more than a 3-week low of 1.2803 against the U.S. dollar and nearly a 3-1/2-month low of 190.97 against the yen, from early highs of 1.1288, 1.2861...
While reporting financial results for the second quarter on Thursday, electric utility IDACORP, Inc. (IDA) raised its earnings guidance for the full year 2024. For fiscal 2024, the company now projects earnings in a range of $5.30 to $5.45 per share, up from the prior forecast range of $5.25 to $5.45 per share. On average,...
While reporting financial results for the second quarter on Thursday, Belden Inc. (BDC) provided its earnings, adjusted earnings and revenue guidance for the third quarter. For the third quarter, the company expects earnings in a range of $1.00 to $1.10 per share and adjusted earnings in a range of $1.55 to $1.65 per share on...
REIT Kimco Realty Corp. (KIM) reported Thursday that net income available to the company\'s common shareholders for the second quarter grew to $111.86 million or $0.17 per share from $100.4 million or $0.16 per share in the year-ago quarter. Funds from Operations or FFO, for the quarter were $276.0 million or $0.41 per share, up...
The Bank of England lowered its benchmark rate for the first time since the onset of the coronavirus pandemic as inflation receded and the underlying growth momentum remained weaker. In a very close call, the Monetary Policy Committee, led by Governor Andrew Bailey, decided to cut the bank rate by a quarter-point to 5.00 percent...
FAP Agri Tbk (FAPA), a palm oil manufacturer operating since 1994, reports dividend income coming from two of its subsidiaries, PT Agung Karya Abadi (AKA) and PT Tirta Madu Sawit Jaya (TMSJ). Henryzal M. Panjaitan, Corporate Secretary of FAPA, said that the total dividend secured from these two subsidiaries clocks up to IDR 116.85 billion....
JAKARTA – The revenue of PT Pakuwon Jati Tbk (PWON)increased 12.60% year-on-year (yoy) in the first half (H1) of 2024, but its net profit plummeted 23% yoy due to swelling of several expense posts. Its profit reportedly slipped to IDR 846.33 billion, down from IDR 1.09 trillion. Based on Financial Report of H1 2024 quoted...
JAKARTA - PT Aspirasi Hidup Indonesia Tbk (ACES), a new constituent of Indeks Tempo-IDNFinancials 52, booked net profit of IDR 365.76 billion in the first half of 2024, up 21% year-on-year (yoy) from IDR 302.43 billion seen in H1 2023. This profit growth is, in fact, in line with 13.72% yoy revenue increase in the...
Bumi Serpong Damai Tbk (BSDE) reportedly will claim the controlling shareholder position in PT Suryamas Dutamakmur Tbk (SMDM), another real estate management and developer. Ratna Juwanita Haliman, Director of SMDM, mentioned that BSDE had previously negotiated with Top Global Limited (TGL), which resulted in the decision of BSDE acquiring the entire shares of SMDM owned...