Edition:
United Kingdom

Arunima Kumar

Grain trader Cargill's second quarter profits jump as global meat demand rises

07 Jan 2020

CHICAGO/BENGALURU Commodities trader Cargill Inc [CARG.UL] on Tuesday posted a quarterly profit rise of more than 19%, as the animal nutrition and protein business unit tapped into rising global demand for meat untainted by the spread of African swine fever in Asia.

Occidental to cut Western Midstream stake to reduce debt

06 Jan 2020

Occidental Petroleum Corp said on Monday it would cut its majority stake in pipeline operator Western Midstream Partners LP to less than 50% in 2020, to reduce its debt that grew significantly with the Anadarko Petroleum Corp deal.

Barrick Gold to sell stake in Massawa project to Teranga for up to $430 million

10 Dec 2019

Canadian gold miner Barrick Gold Corp moved closer to its asset sales target on Tuesday by agreeing to sell its entire 90% stake in its Massawa project in Senegal to Teranga Gold Corporation for up to $430 million.

UPDATE 1-Canada's Co-op Refinery workers vote for strike

03 Dec 2019

Dec 3 At least 800 workers at the Co-op Refinery in Regina, Saskatchewan have voted in favor of striking, the Unifor union said on Tuesday, after mediation talks broke down last month.

UPDATE 2-Canada's Husky Energy sees lower oil prices, cuts spending for next two years

02 Dec 2019

Dec 2 Canadian oil and gas producer Husky Energy Inc said on Monday it would lower capital spending by C$500 million ($375.9 million) over the next two years to increase free cash flow, in a time of reduced oil price expectations.

BlackBerry shares plunge to near four-year low on outlook cut, revenue miss

24 Sep 2019

Canada's BlackBerry Ltd missed quarterly revenue estimates and cut the top end of its full-year forecast on Tuesday, hurt by weakness in sales of enterprise software, sending its shares down as much as 19% to near four-year lows.

Canada Goose margins miss on higher sales of less profitable, lighter clothes

14 Aug 2019

Canada Goose Holdings Inc's quarterly gross margins missed estimates on Wednesday, as the luxury apparel maker sold more of its light-weight spring season clothes, which are not as profitable as its $1,000 parkas.

Whiting Petroleum posts surprise quarterly loss, cuts 33% workforce

31 Jul 2019

Oil and gas producer Whiting Petroleum on Wednesday reported a surprise quarterly loss, announced a 33% job cut and asset sales as a lack of natural gas infrastructure hits prices.

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