November 19, 20240 Comments

Walmart hikes annual earnings outlook, beats Q3 estimates; shares jump By Investing.com

Walmart (NYSE:) shares rose over 3% Tuesday after the retail giant hiked its annual earnings outlook and reported better-than-expected Q3 results. The third quarter adjusted earnings per share (EPS) came in at $0.58, topping consensus expectations of $0.53. Walmart’s revenue for the quarter rose to $169.6 billion, also above the $167.67 billion estimated by analysts. Comparable sales performance in the US, excluding fuel, was strong across segments. Total (EPA:) US

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November 16, 20240 Comments

UK Pizza Hut to raise funds after Budget tax hikes

The operator of Pizza’s Hut restaurants in the UK is looking to raise more than £10m to help it cope with increased costs after tax rises on business were announced in last month’s Budget. The money could come from a sale of part of the business, or new investment from existing shareholders. It comes amid growing backlash from business owners who warn rises in employers’ national insurance contributions and the

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November 11, 20240 Comments

IMF hikes UK growth outlook amid lower inflation and interest rates

General view of the City of London skyline, the capital’s financial district, in October. Sopa Images | Lightrocket | Getty Images LONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand. The IMF now sees 1.1% growth for the U.K. economy this year, up from a July forecast of 0.7%. The agency

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