U.S. Weekly Jobless Claims Show Slight Uptick From Seven-Month Low

After reporting first-time claims for U.S. unemployment benefits fell to a seven-month low in the previous week, the Labor Department released a report on Thursday showing a slight increase in initial jobless claims in the week ended September 23rd. The Labor Department said initial jobless claims crept up to 204,000, an increase of 2,000 from the previous week’s revised level […]

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PZ Cussons FY23 Profit Down, Maintains Dividend; Sees FY24 Adj. Operating Profit Within Market Range

PZ Cussons plc (PZC.L), a consumer goods business, reported Tuesday that its fiscal 2023 profit before tax dropped 4.2 percent to 61.8 million pounds from last year’s 64.5 million pounds. Basic earnings per share were 8.70 pence, down 26.8 percent from 11.88 pence a year ago. Adjusted profit before tax was 74.1 million pounds, compared to prior year’s 65.8 million […]

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Kingfisher H1 Adj. Pretax Profit Declines, LFL Sales Down 2.2%; Updates FY Profit Outlook

Kingfisher PLC (KGF.L) reported that its first half pretax-profit declined to 317 million pounds from 474 million pounds, last year, reflecting lower operating profit, including the impact of impairments reflecting revised future projections. Earnings per share was 12.2 pence compared to 18.3 pence. Adjusted pretax profit declined to 336 million pounds from 472 million pounds, last year, reflecting lower retail […]

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Bowlero Q4 Profit Surges, But Margin, Revenues Down; Sees Growth In FY24; Stock Down In Premarket

Bowlero Corp. (BOWL), a bowling entertainment company, reported Monday that its fourth-quarter net income surged to $146.22 million from last year’s $6.94 million. Adjusted EBITDA grew to $64.49 million from last year’s $82.39 million. Adjusted EBITDA Margin, meanwhile, declined to 26.9 percent from 30.8 percent last year. Revenue was $239.42 million, down 10.6 percent from $267.72 million in the prior […]

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U.S. Jobless Claims Unexpectedly Drop To Nearly Seven-Month Low

First-time claims for U.S. unemployment benefits unexpectedly saw a continued decline in the week ended September 2nd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 216,000, a decrease of 13,000 from the previous week’s revised level of 229,000. Economists had expected jobless claims to rise to 234,000 from the […]

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