• Dillard's Reports Fiscal Year's Results - Will This Be A Forecast For The Industry?

    13 days ago - By Forbes

    Dillard's reported sales and earnings for the full fiscal year 2020. 4th quarter sales showed a marked improvement.
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  • In a year of pandemic, Home Depot was supplier to millions

    13 days ago - By Chron

    The housing market is extremely hot, one of the few economic bright spots for the U.S. economy, and Home Depot is in the middle of it, reporting sales exceeding $132 billion in 2020.
    In the final quarter of the year, sales surged 25% and on Tuesday, the nation's biggest home improvement chain boosted its quarterly dividend 10%, to $1.65 per share.
    Revenue rose to $32.26 billion from $25.78 billion, topping Wall Street expectations of $30.66 billion, according to a survey of analysts by Zacks Investment Research.
    Global sales at stores open at least a year, a key indicator of a retailer's...
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  • HSBC's profits plunge 45% as low interest rates and bad loans take their toll

    HSBC's profits plunge 45% as low interest rates and bad loans take their toll

    13 days ago - By Business Insider

    Summary List Placement
    HSBC posted a 45% decline in profits to $12.1 billion in 2020.
    The bank earned $12.8 billion in Asia, but lost $4.2 billion in Europe.
    HSBC earned lower profits in three of its four divisions.
    Visit the Business section of Insider for more stories .
    HSBC posted a 14% slump in adjusted revenue last quarter, as rock-bottom interest rates weighed on its operations. Combined with a 60% surge in credit-impairment charges to $1.2 billion due to significant economic uncertainty in the UK, the result was a 50% plunge in adjusted pre-tax profits to $2.2 billion.
    Europe's...
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  • HSBC's profits plunge 45% as low interest rates and bad loans take their toll

    13 days ago - By Business Insider

    HSBC.
    Andrew Burton/Getty Images
    HSBC posted a 45% decline in profits to $12.1 billion in 2020. The bank earned $12.8 billion in Asia, but lost $4.2 billion in Europe. HSBC earned lower profits in three of its four divisions. Visit the Business section of Insider for more stories. HSBC posted a 14% slump in adjusted revenue last quarter, as rock-bottom interest rates weighed on its operations. Combined with a 60% surge in credit-impairment charges to $1.2 billion due to significant economic uncertainty in the UK, the result was a 50% plunge in adjusted pre-tax profits to $2.2 billion...
    Read more ...

     

  • UK unemployment rate hits 4-year high in final quarter of 2020 but data shows 'tentative' signs of stabilizing

    UK unemployment rate hits 4-year high in final quarter of 2020 but data shows 'tentative' signs of stabilizing

    13 days ago - By Business Insider

    Summary List Placement
    The UK unemployment rate rose to 5.1% in the fourth quarter of 2020, the highest since 2016.
    Yet company payrolls rose in January, when the UK went into national lockdown, suggesting the jobs markets may be stabilizing.
    The UK suffered the worst slump out of the G7 in 2020 and has seen more than 120,000 deaths.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    The UK unemployment rate hit 5.1% in the final quarter of 2020, its highest since 2016, as tough coronavirus restrictions caused companies to lay off workers, according to official data...
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  • UK unemployment rate rises for 6th straight month

    13 days ago - By Chron

    LONDON - The U.K. unemployment rate rose for a six straight month in December as renewed coronavirus restrictions shut down most businesses across the country.
    The Office for National Statistics said Tuesday that unemployment rose to 5.1% in December, up 0.1% from the previous month and 1.3% from a year earlier. The number of people on company payrolls has dropped by 726,000 since the pandemic began last February, with 58.5% of the decline coming among people under 25.
    The figures don't show the full impact of COVID-19 restrictions on employment because some 1.9 million workers remain on...
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  • UK unemployment rate hits 4-year high in final quarter of 2020 but data shows 'tentative' signs of stabilizing

    13 days ago - By Business Insider

    The UK economy suffered the worst slump in the G7 in 2020
    Toby Melville/Reuters
    The UK unemployment rate rose to 5.1% in the fourth quarter of 2020, the highest since 2016. Yet company payrolls rose in January, when the UK went into national lockdown, suggesting the jobs markets may be stabilizing. The UK suffered the worst slump out of the G7 in 2020 and has seen more than 120,000 deaths. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The UK unemployment rate hit 5.1% in the final quarter of 2020, its highest since 2016, as tough coronavirus restrictions caused...
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