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Advanced Drainage Q4 Results Top Estimates; Guides FY23 Sales Below View; Boosts Dividend 17%
Water management solutions firm Advanced Drainage Systems Inc. (WMS) reported Thursday that net income available to common stockholders surged to $85.89 million or $1.06 per share from $39.72 million or $0.54 per share in the prior-year quarter.
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vor 859 Tagen
BT Group Stock Down On Weak FY23 Pre-tax Profit; Sees Pro Forma Growth In FY24
Shares of BT Group Plc were losing around 8 percent in the morning trading in London after the British telecommunications holding company on Thursday reported weak profit and revenues in its fiscal 2023. A growth in Openreach was more than offset by decline in the other units. The company further announced a flat dividend. Looking ahead for fiscal 2024, the company said expects revenue and EBITDA
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vor 859 Tagen
Sensex, Nifty Give Up Early Gains To End Lower
Indian shares fell slightly on Thursday to extend losses for a third day running, after having opened higher earlier in the day.
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vor 859 Tagen
New Zealand Budget Pushes Back Return To Surplus By A Year
The New Zealand government pushed back its estimated return to a budget surplus by one year as the recent flooding and cyclone added to uncertainty and ramped up costs.
In the Budget 2023 announcement on Thursday, Finance Minister Grant Robertson said the budget will return to surplus in 2025/26, only one year later than previously forecast and the economy will avoid a recession.
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vor 859 Tagen
U.S. Debt Ceiling Deal Hopes Lift Dollar
The U.S. dollar strengthened against its major counterparts in the European session on Thursday, on hopes that lawmakers will reach a deal for raising the debt limit.
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vor 860 Tagen
European Shares Gain As US Debt Talks Progress
European stocks advanced on Thursday after U.S. President Joe Biden and House Speaker Kevin McCarthy underscored their determination to reach a deal soon.
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vor 860 Tagen
Asian Shares Follow Wall Street Higher As US Debt Default Worries Ease
Asian stocks advanced on Thursday after U.S. President Joe Biden and House Speaker Kevin McCarthy underscored their determination to reach a deal soon.
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vor 860 Tagen
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Australian Dollar Falls On Soft Jobs Data
The Australian dollar came under pressure against other major currencies in the Asian session on Thursday, after soft jobs data reinforced market bets of a rate pause next month.
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vor 860 Tagen
European Economic News Preview: BoE Chief To Attend Treasury Committee Hearing
The treasury select committee hearing of the Bank of England governor is the only major event due on Thursday. At 3.00 am ET, the Czech Statistical Office releases producer prices for April. Producer price inflation is seen slowing to 7.5 percent from 10.2 percent in March.
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vor 860 Tagen
European Shares Seen Opening Up As US Debt Talks Progress
European stocks may open slightly higher on Thursday as signs of progress in U.S. debt ceiling negotiations helped improve risk sentiment.
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vor 860 Tagen
Sensex, Nifty Rise On Firm Global Cues; Metals And Financials Surge
Indian shares opened higher on Thursday, tracking firm cues from global markets amid signs that U.S. debt ceiling negotiations are moving in the right direction.
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vor 860 Tagen
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Thursday.
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vor 860 Tagen
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimism that US lawmakers will eventually reach an agreement on raising the U.S. debt ceiling. US President Joe Biden reassured his citizens that "America will not default." Asian Markets closed mixed on Wednesday.
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vor 860 Tagen
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