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Sales costs of Uganda unit to slash Bamburi Cement profits

Listed cement maker says net earnings for 2023 will be lower by at least 25 percent.

Bamburi , Coast , Kenya , Uganda , Ugandan , Njuguna-ndungu , Hima-cement , Bamburi-cement , Hima-cement-limited , Treasury-cabinet-secretary-njuguna-ndung-u , Rofit-warning , Ima-cement

Analysis-Diageo turnaround plan soothes investors but some doubts remain

Diageo's attempt to reassure investors about its strategy in Latin America has boosted confidence among some that the world's top spirits maker can revive its performance after a profit warning, but doubts remain for others. Investors watched closely as the maker of Tanqueray gin and Johnnie Walker whisky reported its first-half results last week after a November warning shook confidence in the company and its management led by new Chief Executive Debra Crew. Diageo's warning was driven by a sharp decline in sales in Latin America as consumers switched to cheaper booze, leaving the company with a build up of unsold stock that it admitted only became clear at a relatively late stage.

China , Germany , United-states , London , City-of , United-kingdom , America , Nigel-yates , Matt-scuffham , Javier-ferran , Johnnie-walker , Moritz-kronenberger

Burberry hit by slowdown in luxury spending and China downturn

Burberry has issued its second profit warning in three months amid a global slowdown in demand for luxury goods.

United-states , Milan , Lombardia , Italy , Paris , France-general- , France , United-kingdom , China , American , British , Louis-vuitton

The CAB Payments share price just plunged 70%! Can it bounce back?

After a dramatic plunge in the CAB Payments' share price, our writer explains why he has no plans to dive into the shares any time soon. The post The CAB Payments share price just plunged 70%! Can it bounce back? appeared first on The Motley Fool UK.

United-kingdom , Central-african-republic , Nigeria , Central-african , Payments-holdings , West-african , Motley-fool-united , Frontier-markets , Rofit-warning , Ab-payments-holdings , Ab-payments

FTSE 100 Live: Oil near $100 a barrel, 888 profit warning, shares seen higher

Apple’s former head of design is in talks to raise $1 billion dollars to take on its iPhone with an AI-powered rival. London-born Jony Ive, whose work was instrumental to the design of a suite of Apple products including the iPod, iPhone and MacBook, is seeking to raise the funds from Japanese investing giant SoftBank in a partnership with ChatGPT maker OpenAI, according the FT. Ive and OpenAI boss Sam Altman are exploring what an AI-powered consumer device would look like, including how to make the user experience more intuitive than the iPhone.

China , Saudi-arabia , United-kingdom , Tokyo , Japan , Daniel-oboyle , Graeme-evans , William-hill , Hang-seng , Hong-kong-based , Middle-eastern

China cuts key interest rate in bid to kickstart economy

More than half a billion pounds has been wiped off Britain’s largest housebuilders amid a deepening downturn in the property sector.

China , Chinese , Zhang-zhiwei , Maggie-wei , Goldman-sachs , People-bank , Pinpoint-asset-management , Crest-nicholson , Rofit-warning , Resident-vladimir-putin , Aylor-wimpey , Ousebuilders

TVB to receive HK$700m funding from CMC and Young Lion as it expects HK$420m loss

Local broadcaster TVB will receive up to HK$700 million from CMC Inc.(華人文化) and Young Lion Holdings, after it estimated its interim net loss might be widen yearly to between HK$400m and HK$420m.

China , Hong-kong , Chinese , Thomas-hui , Li-ruigang , Young-lion-holdings , Hong-kong-stock-exchange , Mainland-chinese , Mainland-china , Tvb , Rofit-warning ,

Country Garden issues first-half profit warning amid impairment on property projects and declining real estate margins

Country Garden warns of hefty first-half loss amid multiple challenges, including deterioration in sales and tough financing environment.

China , Chinese , Moody , Moody-investors-service , Country-garden , Investors-service , Rofit-warning , Eporting-season , Eal-estate , Roperty , Ebt

UK Profit Warnings Rise for Seventh Quarter as High Rates Bite

(Bloomberg) -- The number of profit warnings issued by UK-listed companies has risen for the seventh consecutive quarter in the April-June period, marking the longest streak since the global financial crisis. Most Read from BloombergTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystSingapore Passport Is World’s Most Powerful, Replacing JapanMassive US Oil Caverns Sit Empty and Will Take Years to RefillMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaWall Street

Ireland , United-kingdom , Britain , Bloomberg-businessweek , Jo-robinson , Ernst-young , Bloomberg , United-kingdom-listed , Ireland-turnaround , Rofit-warnings , Rofit-warning , Lobal-financial-crisis

Profit warnings climb to financial crisis levels

Profit warnings have reached levels last seen in the financial crisis, excluding the pandemic, according to EY.

Jo-robinson , United-kingdom-listed , Financial-crisis , Rofit-warnings , Y-parthenon , Rofit-warning , Nsolvencies , Trategy-consultancy , Nterest-rates , Onsumer-industries ,