Edition:
United Kingdom

Uday Sampath Kumar

Zoom's margins dented by booming free user base, cloud costs

01 Dec 2020

Zoom Video Communications Inc warned on Monday its gross margins would remain under pressure going into 2021 as the surging number of free users of its video conferencing service makes it hard to offset a spike in costs to maintain its growth.

Resurgent virus cases cast shadow over Macy's holiday outlook

19 Nov 2020

Macy's Inc reported a more than 20% drop in quarterly comparable sales on Thursday and said it expects declines of that magnitude to continue in the fall, signaling a tough holiday season for the coronavirus-battered department store chain. | Video

Home Depot boosts staff pay by $1 billion after uninterrupted sales surge

17 Nov 2020

Home Depot Inc said on Tuesday it will spend about $1 billion more on employees' wages annually as the home improvement chain benefits from a sustained surge in demand for tools and building materials due to the COVID-19 pandemic. | Video

McDonald's launches new growth strategy; beats profit estimates

09 Nov 2020

McDonald's Corp said on Monday it would test a loyalty program for customers and launch a new crispy chicken sandwich next year as it refocuses its long-term strategy to look beyond the COVID-19 pandemic. | Video

UPDATE 3-Chinese demand powers Versace owner Capri's profit beat

05 Nov 2020

Nov 5 Versace owner Capri Holdings Ltd beat second-quarter revenue and profit estimates on Thursday, buoyed by strong demand for its luxury apparel and accessories in China and surging online sales.

Clorox raises forecast after best sales jump in over 20 years

02 Nov 2020

Clorox Co reported its strongest quarterly sales growth in more than two decades on Monday and raised its full-year revenue forecast as coronavirus-driven hygiene needs escalated demand for everything from its disinfectants to water filters.

Ralph Lauren warns resurgence in virus cases could derail recovery

29 Oct 2020

Ralph Lauren Corp warned on Thursday that a new wave of COVID-19 cases could hurt its sales recovery in North America and Europe, with consumer demand likely to be pressured for the rest of the year.

Hasbro revenue slips on production delays in movies, TV shows, shares fall

27 Oct 2020

Hasbro Inc reported a 4% fall in adjusted revenue on Monday as delays in movie and TV show production hit its entertainment unit, taking the shine off its thriving board game business and allowing Mattel to catch up to its larger rival. | Video

World News

PM Johnson and EU chief seek to break Brexit impasse

British Prime Minister Boris Johnson will speak to European Commission President Ursula von der Leyen on Saturday to try to break an impasse in trade talks with time running out to avoid a chaotic end to the Brexit saga.