European stock markets earnings steady, Middle East tensions in focus

European stock markets earnings steady, Middle East tensions in focus

2024-10-21 23:48:47 : (Bloomberg) — European stocks held steady ahead of a busy earnings week. Investors remain cautious about the health of the European economy and growing tensions in the Middle East. As of 9:05 a.m. in London, the Stoxx Europe 600 index was up less than 0.1%. Banks and insurance companies lagged, while energy … Read more

European stocks fall on earnings, Middle East tensions in focus

European stocks fall on earnings, Middle East tensions in focus

2024-10-21 23:48:47 : (Bloomberg) — European stocks fell at the start of a busy week of earnings reports. Investors remain cautious about the health of the European economy and growing tensions in the Middle East. The Stoxx Europe 600 index fell 0.5% as of 12:41 pm in London. Real estate, consumer goods and services stocks … Read more

Fierce competition eats into UltraTech’s second-quarter net profit

Fierce competition eats into UltraTech's second-quarter net profit

2024-10-21 20:09:55 : MUMBAI: Fierce competition in India’s cement industry has eroded profits at the country’s largest construction materials maker, with UltraTech Cement’s profits falling by more than a third in July-September. The company reported consolidated profit of $8.2 billion, down 36% year-on-year. Comprehensive revenue fell 2% $15,635 Crores. This was despite its consolidated sales … Read more