- Arun Goswami
- 03 Apr, 2025
- Mumbai
Uflex Ltd. fell 0.6% to ₹507.05 despite the flexible packaging and solutions provider's net income swung to a profit in the December quarter.
Consolidated revenue advanced to ₹3,774.2 crore from ₹3,345.4 crore, net income swung to a profit of ₹136.8 crore from a loss of ₹67.3 crore, and diluted earnings per share rose to an income of ₹18.95 from a loss of ₹9.31 a year ago.
Nahar Industrial Enterprises Ltd. gained 1% to ₹93.79 after the textile manufacturer reported a slight increase in revenue and a marginal decline in net in the December quarter.
Consolidated revenue advanced to ₹446 crore from ₹370 crore, after-tax profit decreased to ₹4.6 crore from ₹5 crore, and diluted earnings per share fell to ₹1.07 from ₹1.16 a year ago.
RPSG Ventures Limited edged higher 1% to ₹854.95 after the company reported a slight increase in revenue and a 18% decline in profit in the December quarter.
Consolidated revenue advanced to ₹2,394.3 crore from ₹1,864.9 crore, net income fell to ₹45.6 crore from ₹55.4 crore, and diluted earnings per share dropped to ₹18.13 from ₹20.70 a year ago.
Signet Industries Limited inched higher 1.1% to ₹52.25 despite the plastic products manufacturing company reporting a decline in net income and revenue in the December quarter.
Consolidated revenue declined to ₹304.3 crore from ₹311.9 crore, after-tax profit decreased to ₹4.5 crore from ₹5.4 crore, and diluted earnings per share fell to ₹1.41 from ₹1.71 a year ago.
Hinduja Global Solutions ltd. jumped 0.5% to ₹475.90 and the tech ad business service exporter reported a two-fold increase in earnings in the December quarter.
Consolidated revenue advanced to ₹491.1 crore from ₹447 crore, net income jumped to ₹54.8 crore from ₹28 crore, and diluted earnings per share rose to ₹11.78 from ₹5.90 a year ago.
Ethos Ltd. rose 0.3% to ₹2,475.9, and the luxury watch retailer reported a 16% rise in its earnings in the latest quarter.
Consolidated revenue advanced to ₹375.7 crore from ₹287.6 crore, after-tax profit increased to ₹29.5 crore from ₹25.5 crore, and diluted earnings per share rose to ₹12.05 from ₹10.84 a year ago.
Ashapura Minechem Ltd. declined 0.08% to ₹378.85 despite the diversified mineral company reporting a 119% jump in its earnings in the December quarter.
Consolidated revenue advanced to ₹879.2 crore from ₹719 crore, net income jumped to ₹101.1 crore from ₹46.1 crore, and diluted earnings per share rose to ₹11.15 from ₹5.83 a year ago.
Uttam Sugar Mills Ltd. increased 0.09% to ₹270.05, and the sugar and industrial alcohol producer reported a 31% plunge in quarterly profit from a year ago.
Consolidated revenue decreased to ₹425.9 crore from ₹520 crore, after-tax profit declined to ₹30.1 crore from ₹43.5 crore, and diluted earnings per share fell to ₹8.18 from ₹11.40 a year ago.
- Arun Goswami
- 03 Apr, 2025
- Mumbai
Uflex Ltd. fell 0.6% to ₹507.05 despite the flexible packaging and solutions provider's net income swung to a profit in the December quarter.
Consolidated revenue advanced to ₹3,774.2 crore from ₹3,345.4 crore, net income swung to a profit of ₹136.8 crore from a loss of ₹67.3 crore, and diluted earnings per share rose to an income of ₹18.95 from a loss of ₹9.31 a year ago.
Nahar Industrial Enterprises Ltd. gained 1% to ₹93.79 after the textile manufacturer reported a slight increase in revenue and a marginal decline in net in the December quarter.
Consolidated revenue advanced to ₹446 crore from ₹370 crore, after-tax profit decreased to ₹4.6 crore from ₹5 crore, and diluted earnings per share fell to ₹1.07 from ₹1.16 a year ago.
RPSG Ventures Limited edged higher 1% to ₹854.95 after the company reported a slight increase in revenue and a 18% decline in profit in the December quarter.
Consolidated revenue advanced to ₹2,394.3 crore from ₹1,864.9 crore, net income fell to ₹45.6 crore from ₹55.4 crore, and diluted earnings per share dropped to ₹18.13 from ₹20.70 a year ago.
Signet Industries Limited inched higher 1.1% to ₹52.25 despite the plastic products manufacturing company reporting a decline in net income and revenue in the December quarter.
Consolidated revenue declined to ₹304.3 crore from ₹311.9 crore, after-tax profit decreased to ₹4.5 crore from ₹5.4 crore, and diluted earnings per share fell to ₹1.41 from ₹1.71 a year ago.
Hinduja Global Solutions ltd. jumped 0.5% to ₹475.90 and the tech ad business service exporter reported a two-fold increase in earnings in the December quarter.
Consolidated revenue advanced to ₹491.1 crore from ₹447 crore, net income jumped to ₹54.8 crore from ₹28 crore, and diluted earnings per share rose to ₹11.78 from ₹5.90 a year ago.
Ethos Ltd. rose 0.3% to ₹2,475.9, and the luxury watch retailer reported a 16% rise in its earnings in the latest quarter.
Consolidated revenue advanced to ₹375.7 crore from ₹287.6 crore, after-tax profit increased to ₹29.5 crore from ₹25.5 crore, and diluted earnings per share rose to ₹12.05 from ₹10.84 a year ago.
Ashapura Minechem Ltd. declined 0.08% to ₹378.85 despite the diversified mineral company reporting a 119% jump in its earnings in the December quarter.
Consolidated revenue advanced to ₹879.2 crore from ₹719 crore, net income jumped to ₹101.1 crore from ₹46.1 crore, and diluted earnings per share rose to ₹11.15 from ₹5.83 a year ago.
Uttam Sugar Mills Ltd. increased 0.09% to ₹270.05, and the sugar and industrial alcohol producer reported a 31% plunge in quarterly profit from a year ago.
Consolidated revenue decreased to ₹425.9 crore from ₹520 crore, after-tax profit declined to ₹30.1 crore from ₹43.5 crore, and diluted earnings per share fell to ₹8.18 from ₹11.40 a year ago.
- Barry Adams
- 02 Apr, 2025
- New York City
Stock market indexes remained under pressure as uncertainty around Trump tariffs contributed to market volatility, and benchmark indexes extended seven-week losses deeper into correction territory.
The S&P 500 index decreased as much as 0.3%, and the Nasdaq Composite fell about 0.2%, but both indexes attempted to rebound in listless trading.
The Trump administration's chaotic launch of the import tax, which has put key trading partners on guard, has stoked fears of a wider trade war and raised fears of stagflation in the U.S.
With each passing day, more companies are delaying their investment decisions in the hopes of more clarity about U.S. trade policy and rules of engagement.
Donald Trump's White House has knocked off market sentiment, and benchmark indexes have lost about 10% since mid-February.
Moreover, economists have lowered the U.S. GDP growth estimate from the annual pace of more than 2% to close to zero amid Trump's trade turmoil and threats to key trading partners and neighbors.
Without the clarity on the trade front, the job market is likely to cool, business investment is expected to freeze, and foreign investors are expected to delay their plans of investment.
In addition, foreign tourist arrivals are also likely to shrink by as much as 5%, compared to the previous estimate of the increase of 9% in 2025, according to several leading tourism industry analysts.
On the economic front, new orders for manufactured goods increased 0.6% from the previous month in February, the U.S. Census Bureau reported Wednesday.
Private payrolls expanded by 155,000 in March, driven by 132,000 job additions in the service sector, according to the data released by ADP.
The hiring accelerated from February, when companies added an upwardly revised 84,000 jobs.
Commodities, Currencies, Indexes, Yields
The S&P 500 index decreased 0.3% to 5,614.53, the Nasdaq Composite edged down 0.2% to 17,403.51, and the Russell 2000 index was down 0.9% to 1,994.73.
The yield on 2-year Treasury notes edged lower to 3.86%, 10-year Treasury notes decreased to 4.12%, and 30-year Treasury bonds declined to 4.49%.
WTI crude oil decreased $0.13 to $71.07 a barrel, and natural gas prices edged higher by $0.08 to $4.04 a thermal unit.
Gold increased by $16.43 to $3,131.65 an ounce, and silver edged up by $0.28 to $33.95.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.29 to 103.97 and traded at a two-year high.
U.S. Stock Movers
Tesla decreased 2% to $256.60, and the electric vehicle maker reported fewer than expected deliveries in the first quarter.
The EV company delivered 336,000 vehicles worldwide, sharply lower than the market estimate between 360,000 and 370,000.
The company is likely to report a larger decline in the second quarter amid falling sales in California, China, and the European Union.
XPeng Inc. gained 1.2% to $21.22 after the Chinese electric vehicle maker announced vehicle delivery results for March and the first quarter of 2025.
In March, the company delivered 33,205 electric vehicles, marking a 268% increase year-over-year, surpassing 30,000 units for the fifth consecutive month.
For the first quarter of 2025, XPeng delivered 94,008 EVs, representing a 331% increase compared to the same period last year.
On March 13, the company launched 2025 versions of the XPeng G6 and XPeng G9, and both upgraded versions come standard with 5C AI batteries and Turing AI-powered smart driving features across all trims.
At the same time, XPeng expanded its global presence by entering the Indonesian market.
On March 18, the company announced fourth quarter of 2024 earnings results.
Revenue increased to 16.10 billion yuan from 13.05 billion yuan, net loss shrank to 1.33 billion yuan from 1.35 billion yuan, and diluted loss per share narrowed to 70 cents from a loss of 75 cents a year ago.
Total deliveries of vehicles were 91,507 during the fourth quarter, representing an increase of 52.1% from 60,158 in the corresponding period of 2023.
For the full year 2024, revenue jumped to 40.87 billion yuan from 30.68 billion yuan, net loss shrank to 5.79 billion yuan from 10.37 billion yuan, and diluted loss per share narrowed to 3.06 yuan from a loss of 5.96 yuan a year ago.
- Barry Adams
- 02 Apr, 2025
- New York City
Stock market indexes remained under pressure as uncertainty around Trump tariffs contributed to market volatility, and benchmark indexes extended seven-week losses deeper into correction territory.
The S&P 500 index decreased as much as 0.3%, and the Nasdaq Composite fell about 0.2%, but both indexes attempted to rebound in listless trading.
The Trump administration's chaotic launch of the import tax, which has put key trading partners on guard, has stoked fears of a wider trade war and raised fears of stagflation in the U.S.
With each passing day, more companies are delaying their investment decisions in the hopes of more clarity about U.S. trade policy and rules of engagement.
Donald Trump's White House has knocked off market sentiment, and benchmark indexes have lost about 10% since mid-February.
Moreover, economists have lowered the U.S. GDP growth estimate from the annual pace of more than 2% to close to zero amid Trump's trade turmoil and threats to key trading partners and neighbors.
Without the clarity on the trade front, the job market is likely to cool, business investment is expected to freeze, and foreign investors are expected to delay their plans of investment.
In addition, foreign tourist arrivals are also likely to shrink by as much as 5%, compared to the previous estimate of the increase of 9% in 2025, according to several leading tourism industry analysts.
On the economic front, new orders for manufactured goods increased 0.6% from the previous month in February, the U.S. Census Bureau reported Wednesday.
Private payrolls expanded by 155,000 in March, driven by 132,000 job additions in the service sector, according to the data released by ADP.
The hiring accelerated from February, when companies added an upwardly revised 84,000 jobs.
Commodities, Currencies, Indexes, Yields
The S&P 500 index decreased 0.3% to 5,614.53, the Nasdaq Composite edged down 0.2% to 17,403.51, and the Russell 2000 index was down 0.9% to 1,994.73.
The yield on 2-year Treasury notes edged lower to 3.86%, 10-year Treasury notes decreased to 4.12%, and 30-year Treasury bonds declined to 4.49%.
WTI crude oil decreased $0.13 to $71.07 a barrel, and natural gas prices edged higher by $0.08 to $4.04 a thermal unit.
Gold increased by $16.43 to $3,131.65 an ounce, and silver edged up by $0.28 to $33.95.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.29 to 103.97 and traded at a two-year high.
U.S. Stock Movers
Tesla decreased 2% to $256.60, and the electric vehicle maker reported fewer than expected deliveries in the first quarter.
The EV company delivered 336,000 vehicles worldwide, sharply lower than the market estimate between 360,000 and 370,000.
The company is likely to report a larger decline in the second quarter amid falling sales in California, China, and the European Union.
XPeng Inc. gained 1.2% to $21.22 after the Chinese electric vehicle maker announced vehicle delivery results for March and the first quarter of 2025.
In March, the company delivered 33,205 electric vehicles, marking a 268% increase year-over-year, surpassing 30,000 units for the fifth consecutive month.
For the first quarter of 2025, XPeng delivered 94,008 EVs, representing a 331% increase compared to the same period last year.
On March 13, the company launched 2025 versions of the XPeng G6 and XPeng G9, and both upgraded versions come standard with 5C AI batteries and Turing AI-powered smart driving features across all trims.
At the same time, XPeng expanded its global presence by entering the Indonesian market.
On March 18, the company announced fourth quarter of 2024 earnings results.
Revenue increased to 16.10 billion yuan from 13.05 billion yuan, net loss shrank to 1.33 billion yuan from 1.35 billion yuan, and diluted loss per share narrowed to 70 cents from a loss of 75 cents a year ago.
Total deliveries of vehicles were 91,507 during the fourth quarter, representing an increase of 52.1% from 60,158 in the corresponding period of 2023.
For the full year 2024, revenue jumped to 40.87 billion yuan from 30.68 billion yuan, net loss shrank to 5.79 billion yuan from 10.37 billion yuan, and diluted loss per share narrowed to 3.06 yuan from a loss of 5.96 yuan a year ago.
- Bridgette Randall
- 02 Apr, 2025
- London
European markets continued to slide amid worries of escalating trade war with the U.S. and persistent economic weakness in the region.
Benchmark indexes in Frankfurt, Paris, Milan, and London declined between 0.3% and 1.0%, and investors are adjusting corporate earnings and economic growth expectations for the first quarter.
The DAX index soared 12% in the first quarter, the CAC-40 index advanced 5.7%, and the FTSE 100 index gained 3.8%.
However, market indexes have been under pressure since mid-February amid soft economic data, lackluster corporate earnings, and an escalating trade war with the U.S.
German stocks rallied over the last month after lawmakers in a historic decision lifted the debt ceiling to accelerate infrastructure spending and finance rearmament in the European Union.
On the economic front, Spain's registered jobless people decreased by 13,311 from the previous month to 2.58 million in March, according to the latest data released by the Ministry of Employment and Social Security.
From a year ago, the number of registered jobless people decreased by 146,900, and inclement weather played a role in keeping the net new jobs from increasing at a faster pace.
Net formal jobs increased by 23,079 to 21.5 million, the ministry added in the report.
Europe Indexes and Yields
The DAX index decreased by 0.7% to 22,388.63, the CAC-40 index edged lower 0.5% to 7,835.11, and the FTSE 100 index declined by 0.3% to 8,610.27.
The yield on 10-year German bonds inched lower to 2.67%, French bonds decreased to 3.39%, the UK gilts moved down to 4.64%, and Italian bonds edged higher to 3.79%.
The euro decreased to $1.08; the British pound was lower at $1.29; and the U.S. dollar was higher and traded at 88.45 Swiss cents.
Brent crude decreased $0.30 to $74.19 a barrel, and the Dutch TTF natural gas was higher by €0.01 to €42.68 per MWh.
Europe Movers
Svitzer Group soared 31% to DKK 281.70, and A.P. Moeller Holding proposed to acquire the remaining stake in the marine service provider.
Grafton Group decreased 1.3% to 852.10 pence, and the distributor of building materials said that it has agreed to acquire the Irish unit of HSS Hire Group for €31.6 million on a cash and debt-free basis.
Fuchs SE decreased 2.2% to €32.95, and the German manufacturer of lubricants and specialty products agreed to acquire the U.S.-based IRMCO Advanced Lubricant Technologies for an undisclosed amount.
Nordex SE advanced 3% to €14.86, and the German wind turbine manufacturer said it received two orders totaling 750 MW from a wind energy project developer in Türkiye.
- Bridgette Randall
- 02 Apr, 2025
- London
European markets continued to slide amid worries of escalating trade war with the U.S. and persistent economic weakness in the region.
Benchmark indexes in Frankfurt, Paris, Milan, and London declined between 0.3% and 1.0%, and investors are adjusting corporate earnings and economic growth expectations for the first quarter.
The DAX index soared 12% in the first quarter, the CAC-40 index advanced 5.7%, and the FTSE 100 index gained 3.8%.
However, market indexes have been under pressure since mid-February amid soft economic data, lackluster corporate earnings, and an escalating trade war with the U.S.
German stocks rallied over the last month after lawmakers in a historic decision lifted the debt ceiling to accelerate infrastructure spending and finance rearmament in the European Union.
On the economic front, Spain's registered jobless people decreased by 13,311 from the previous month to 2.58 million in March, according to the latest data released by the Ministry of Employment and Social Security.
From a year ago, the number of registered jobless people decreased by 146,900, and inclement weather played a role in keeping the net new jobs from increasing at a faster pace.
Net formal jobs increased by 23,079 to 21.5 million, the ministry added in the report.
Europe Indexes and Yields
The DAX index decreased by 0.7% to 22,388.63, the CAC-40 index edged lower 0.5% to 7,835.11, and the FTSE 100 index declined by 0.3% to 8,610.27.
The yield on 10-year German bonds inched lower to 2.67%, French bonds decreased to 3.39%, the UK gilts moved down to 4.64%, and Italian bonds edged higher to 3.79%.
The euro decreased to $1.08; the British pound was lower at $1.29; and the U.S. dollar was higher and traded at 88.45 Swiss cents.
Brent crude decreased $0.30 to $74.19 a barrel, and the Dutch TTF natural gas was higher by €0.01 to €42.68 per MWh.
Europe Movers
Svitzer Group soared 31% to DKK 281.70, and A.P. Moeller Holding proposed to acquire the remaining stake in the marine service provider.
Grafton Group decreased 1.3% to 852.10 pence, and the distributor of building materials said that it has agreed to acquire the Irish unit of HSS Hire Group for €31.6 million on a cash and debt-free basis.
Fuchs SE decreased 2.2% to €32.95, and the German manufacturer of lubricants and specialty products agreed to acquire the U.S.-based IRMCO Advanced Lubricant Technologies for an undisclosed amount.
Nordex SE advanced 3% to €14.86, and the German wind turbine manufacturer said it received two orders totaling 750 MW from a wind energy project developer in Türkiye.
- Scott Peters
- 02 Apr, 2025
- New York City
Progress Software gained 0.2% to $57.90 after the infrastructure software developer reported results for the fiscal first quarter ending in February.
Revenue increased 29% to $238.01 million from $184.68 million, net income slumped 52% to $10.95 million from $22.64 million, and diluted earnings per share fell 53% to 24 cents from 51 cents a year ago.
During the quarter, the company repurchased $30 million of its shares and accelerated repayment of the revolving credit line used to partially finance the ShareFile acquisition, paying down $30 million.
The company guided for the second quarter non-GAAP revenue to be between $235 million and $241 million, compared to $175 million a year ago, and non-GAAP diluted earnings per share between $1.28 and $1.34, compared to $1.09 a year earlier.
For the full year ending in November, the software company estimated non-GAAP revenue to be between $958 million and $970 million, compared to $753.41 million a year ago, and non-GAAP diluted earnings per share between $5.00 and $5.12, compared to $4.93 in 2024.
XPeng Inc. gained 1.2% to $21.22 after the Chinese electric vehicle maker announced vehicle delivery results for March and the first quarter of 2025.
In March, the company delivered 33,205 electric vehicles, marking a 268% increase year-over-year, surpassing 30,000 units for the fifth consecutive month.
For the first quarter of 2025, XPeng delivered 94,008 EVs, representing a 331% increase compared to the same period last year.
On March 13, the company launched 2025 versions of the XPeng G6 and XPeng G9, and both upgraded versions come standard with 5C AI batteries and Turing AI-powered smart driving features across all trims.
At the same time, XPeng expanded its global presence by entering the Indonesian market.
On March 18, the company announced fourth quarter of 2024 earnings results.
Revenue increased to 16.10 billion yuan from 13.05 billion yuan, net loss shrank to 1.33 billion yuan from 1.35 billion yuan, and diluted loss per share narrowed to 70 cents from a loss of 75 cents a year ago.
Total deliveries of vehicles were 91,507 during the fourth quarter, representing an increase of 52.1% from 60,158 in the corresponding period of 2023.
For the full year 2024, revenue jumped to 40.87 billion yuan from 30.68 billion yuan, net loss shrank to 5.79 billion yuan from 10.37 billion yuan, and diluted loss per share narrowed to 3.06 yuan from a loss of 5.96 yuan a year ago.
- Scott Peters
- 02 Apr, 2025
- Frankfurt
Progress Software gained 0.2% to $57.90 after the infrastructure software developer reported results for the fiscal first quarter ending in February.
Revenue increased 29% to $238.01 million from $184.68 million, net income slumped 52% to $10.95 million from $22.64 million, and diluted earnings per share fell 53% to 24 cents from 51 cents a year ago.
During the quarter, the company repurchased $30 million of its shares and accelerated repayment of the revolving credit line used to partially finance the ShareFile acquisition, paying down $30 million.
The company guided for the second quarter non-GAAP revenue to be between $235 million and $241 million, compared to $175 million a year ago, and non-GAAP diluted earnings per share between $1.28 and $1.34, compared to $1.09 a year earlier.
For the full year ending in November, the software company estimated non-GAAP revenue to be between $958 million and $970 million, compared to $753.41 million a year ago, and non-GAAP diluted earnings per share between $5.00 and $5.12, compared to $4.93 in 2024.
XPeng Inc. gained 1.2% to $21.22 after the Chinese electric vehicle maker announced vehicle delivery results for March and the first quarter of 2025.
In March, the company delivered 33,205 electric vehicles, marking a 268% increase year-over-year, surpassing 30,000 units for the fifth consecutive month.
For the first quarter of 2025, XPeng delivered 94,008 EVs, representing a 331% increase compared to the same period last year.
On March 13, the company launched 2025 versions of the XPeng G6 and XPeng G9, and both upgraded versions come standard with 5C AI batteries and Turing AI-powered smart driving features across all trims.
At the same time, XPeng expanded its global presence by entering the Indonesian market.
On March 18, the company announced fourth quarter of 2024 earnings results.
Revenue increased to 16.10 billion yuan from 13.05 billion yuan, net loss shrank to 1.33 billion yuan from 1.35 billion yuan, and diluted loss per share narrowed to 70 cents from a loss of 75 cents a year ago.
Total deliveries of vehicles were 91,507 during the fourth quarter, representing an increase of 52.1% from 60,158 in the corresponding period of 2023.
For the full year 2024, revenue jumped to 40.87 billion yuan from 30.68 billion yuan, net loss shrank to 5.79 billion yuan from 10.37 billion yuan, and diluted loss per share narrowed to 3.06 yuan from a loss of 5.96 yuan a year ago.
- Inga Muller
- 02 Apr, 2025
- Frankfurt
Travis Perkins Plc. dropped 7.6% to 508.0 pence after the UK-based building products company swung to a loss in 2024.
Revenue declined 4.7% to £4.61 billion from £4.84 billion, net loss was £77.4 million compared to a profit of £38.1 million, and diluted loss per share was 36.6 pence compared to a profit of 17.8 pence a year ago.
The company proposed a dividend of 9.0 pence per share, compared to 5.5 pence in 2023, to give a full-year dividend of 14.5 pence per share, compared to 18.0 pence per share a year ago.
The dividend represents 30% to 40% of adjusted earnings and is payable on May 29 to shareholders on record as of April 22.
The building products company guided a fiscal 2025 effective tax rate of around 30% on UK-generated profits, a base capital expenditure of around £80 million, and property profits of around £3 million.
YouGov Plc. surged 5.6% to 290.43 pence after the UK-based market research and data analytics company reported results for the half year 2025.
Revenue jumped to £191.7 million from £143.1 million, adjusted operating profit edged up to £30.1 million from £27.9 million, and adjusted earnings per share dropped to 17.1 pence from 20.4 pence a year ago.
The company said it is on track to achieve £20 million in cost savings, with 70% to be realized during fiscal 2025.
In the Americas region, the company estimated “mid-single-digit growth driven by sustained momentum in the region, primarily driven by technology and academic clients.”
Greencore Group Plc. surged 5.6% to 178.60 pence after the UK-based convenience foods provider raised its profit outlook after a strong second quarter of 2025.
The company estimated adjusted operating profit for fiscal 2025 to be ahead of current market expectations and in the range between £112 million and £115 million, compared to £97.5 million in 2024.
Greencore will post results for the half year on May 27.
The company continues its focus on cost control, as “strong revenue and volume momentum continued into the second quarter, supported by continued growth with customers and new business won during fiscal 2024,” the company said in a release to investors.
- Inga Muller
- 02 Apr, 2025
- Frankfurt
Travis Perkins Plc. dropped 7.6% to 508.0 pence after the UK-based building products company swung to a loss in 2024.
Revenue declined 4.7% to £4.61 billion from £4.84 billion, net loss was £77.4 million compared to a profit of £38.1 million, and diluted loss per share was 36.6 pence compared to a profit of 17.8 pence a year ago.
The company proposed a dividend of 9.0 pence per share, compared to 5.5 pence in 2023, to give a full-year dividend of 14.5 pence per share, compared to 18.0 pence per share a year ago.
The dividend represents 30% to 40% of adjusted earnings and is payable on May 29 to shareholders on record as of April 22.
The building products company guided a fiscal 2025 effective tax rate of around 30% on UK-generated profits, a base capital expenditure of around £80 million, and property profits of around £3 million.
YouGov Plc. surged 5.6% to 290.43 pence after the UK-based market research and data analytics company reported results for the half year 2025.
Revenue jumped to £191.7 million from £143.1 million, adjusted operating profit edged up to £30.1 million from £27.9 million, and adjusted earnings per share dropped to 17.1 pence from 20.4 pence a year ago.
The company said it is on track to achieve £20 million in cost savings, with 70% to be realized during fiscal 2025.
In the Americas region, the company estimated “mid-single-digit growth driven by sustained momentum in the region, primarily driven by technology and academic clients.”
Greencore Group Plc. surged 5.6% to 178.60 pence after the UK-based convenience foods provider raised its profit outlook after a strong second quarter of 2025.
The company estimated adjusted operating profit for fiscal 2025 to be ahead of current market expectations and in the range between £112 million and £115 million, compared to £97.5 million in 2024.
Greencore will post results for the half year on May 27.
The company continues its focus on cost control, as “strong revenue and volume momentum continued into the second quarter, supported by continued growth with customers and new business won during fiscal 2024,” the company said in a release to investors.
- Li Chen
- 02 Apr, 2025
- Hong Kong
Stock market indexes in China and Hong Kong lacked direction ahead of the U.S. tariff news and the start of the earnings season.
The Hang Seng index declined 0.3%, and the mainland-focused CSI 300 index decreased 0.2%, and investors reviewed the latest business activities data released earlier in the week.
Investors were cautious ahead of the release of the U.S. import tax on foreign cars and automobile parts on April 2, and investors are bracing for additional tariffs on Chinese goods.
Shipbuilders, steelmakers, renewable energy companies, and pharmaceutical companies are likely to face additional tariffs of as much as 50% in the weeks ahead.
Market sentiment improved after two separate surveys showed improving activities in the manufacturing sector, but the pace of increase was slow and halting.
Moreover, earlier in the week, China's finance ministry arranged for the injection of as much as 500 billion yuan into the four largest banks, following on the promise after the meeting of top policymakers in the previous month.
Despite the improving economic data and the central government and the People's Bank of China providing stimulus, investor sentiment was cautious amid the escalating trade war with the U.S.
China Indexes and Stocks
The Hang Seng index decreased 0.3% to 23,147.13, and the mainland-focused CSI 300 index declined 0.2% to 3,883.00.
Trip.com Group Ltd decreased 1.5% to HK $494.20 and dropped as much as 4% amid travel cancellations following the earthquake in Thailand and Myanmar.
BYD declined 1.9% to HK $379.0, Li Auto increased 0.9% to HK $99.55, and Xpeng fell 0.8% to HK $82.50.
- Li Chen
- 02 Apr, 2025
- Hong Kong
Stock market indexes in China and Hong Kong lacked direction ahead of the U.S. tariff news and the start of the earnings season.
The Hang Seng index declined 0.3%, and the mainland-focused CSI 300 index decreased 0.2%, and investors reviewed the latest business activities data released earlier in the week.
Investors were cautious ahead of the release of the U.S. import tax on foreign cars and automobile parts on April 2, and investors are bracing for additional tariffs on Chinese goods.
Shipbuilders, steelmakers, renewable energy companies, and pharmaceutical companies are likely to face additional tariffs of as much as 50% in the weeks ahead.
Market sentiment improved after two separate surveys showed improving activities in the manufacturing sector, but the pace of increase was slow and halting.
Moreover, earlier in the week, China's finance ministry arranged for the injection of as much as 500 billion yuan into the four largest banks, following on the promise after the meeting of top policymakers in the previous month.
Despite the improving economic data and the central government and the People's Bank of China providing stimulus, investor sentiment was cautious amid the escalating trade war with the U.S.
China Indexes and Stocks
The Hang Seng index decreased 0.3% to 23,147.13, and the mainland-focused CSI 300 index declined 0.2% to 3,883.00.
Trip.com Group Ltd decreased 1.5% to HK $494.20 and dropped as much as 4% amid travel cancellations following the earthquake in Thailand and Myanmar.
BYD declined 1.9% to HK $379.0, Li Auto increased 0.9% to HK $99.55, and Xpeng fell 0.8% to HK $82.50.
- Arun Goswami
- 02 Apr, 2025
- Mumbai
Punjab & Sind Bank fell 6.1% to ₹32.69 despite the financial service provider reporting a two-and-a-half-fold increase in earnings in the December quarter.
Consolidated revenue advanced to ₹3,269.4 crore from ₹2,852.7 crore, net income jumped to ₹282 crore from ₹114.3 crore, and diluted earnings per share rose to 42 paise from 17 paise a year ago.
Nelco Ltd. declined 0.4% to ₹889.75 after the satellite communication services provider reported a 19% decline in profit in the December quarter.
Consolidated revenue declined to ₹82.2 crore from ₹84.1 crore, after-tax profit decreased to ₹5 crore from ₹6.2 crore, and diluted earnings per share fell to ₹2.17 from ₹2.69 a year ago.
Oriental Hotels Limited edged higher 0.3% to ₹146.95 after the hotels and resorts services provider reported a slight increase in revenue and a 15% decline in profit in the December quarter.
Consolidated revenue advanced to ₹122.1 crore from ₹106.1 crore, net income fell to ₹14 crore from ₹16.4 crore, and diluted earnings per share declined to 78 paise from 92 paise a year ago.
CEAT Ltd. inched higher 1.2% to ₹2,908 despite the tire maker reporting a 46% plunge in quarterly profit from a year ago.
Consolidated revenue advanced to ₹3,303.3 crore from ₹2,966.1 crore, after-tax profit decreased to ₹97 crore from ₹181 crore, and diluted earnings per share dropped to ₹24.01 from ₹44.87 a year ago.
Mahindra EPC Irrigation Limited decreased 2% to ₹117.55 despite the micro-irrigation and water management service provider reporting a four-fold increase in earnings in the December quarter.
Consolidated revenue advanced to ₹81 crore from ₹80.34 crore, net income jumped to ₹6.4 crore from ₹1.7 crore, and diluted earnings per share rose to ₹2.27 from 60 paise a year ago.
Authum Investment & Infrastructure Limited dropped 5% to ₹267.25 after the non-banking finance company reported a slight increase in revenue and a 10% decline in profit in the December quarter.
Consolidated revenue advanced to ₹618.6 crore from ₹491.4 crore, after-tax profit decreased to ₹545.2 crore from ₹603.3 crore, and diluted earnings per share fell to ₹32.10 from ₹35.52 a year ago.
Bank of Maharashtra declined 1% to ₹45.79 despite the financial service provider reporting a 31% rise in its earnings in the latest quarter.
Consolidated revenue advanced to ₹7,112.7 crore from ₹5,851.5 crore, net income jumped to ₹1,406.7 crore from ₹1,069.7 crore, and diluted earnings per share rose to ₹1.84 from ₹1.47 a year ago.
Mastek Ltd. fell 0.5% to ₹2,110.95 despite the tech services company reporting a 23% increase in net income in the December quarter.
Consolidated revenue increased to ₹879 crore from ₹787.6 crore, after-tax profit advanced to ₹94.7 crore from ₹77.7 crore, and diluted earnings per share rose to ₹30.35 from ₹24.29 a year ago.
The company's board declared an interim dividend of ₹7 per share.
- Arun Goswami
- 02 Apr, 2025
- Mumbai
Punjab & Sind Bank fell 6.1% to ₹32.69 despite the financial service provider reporting a two-and-a-half-fold increase in earnings in the December quarter.
Consolidated revenue advanced to ₹3,269.4 crore from ₹2,852.7 crore, net income jumped to ₹282 crore from ₹114.3 crore, and diluted earnings per share rose to 42 paise from 17 paise a year ago.
Nelco Ltd. declined 0.4% to ₹889.75 after the satellite communication services provider reported a 19% decline in profit in the December quarter.
Consolidated revenue declined to ₹82.2 crore from ₹84.1 crore, after-tax profit decreased to ₹5 crore from ₹6.2 crore, and diluted earnings per share fell to ₹2.17 from ₹2.69 a year ago.
Oriental Hotels Limited edged higher 0.3% to ₹146.95 after the hotels and resorts services provider reported a slight increase in revenue and a 15% decline in profit in the December quarter.
Consolidated revenue advanced to ₹122.1 crore from ₹106.1 crore, net income fell to ₹14 crore from ₹16.4 crore, and diluted earnings per share declined to 78 paise from 92 paise a year ago.
CEAT Ltd. inched higher 1.2% to ₹2,908 despite the tire maker reporting a 46% plunge in quarterly profit from a year ago.
Consolidated revenue advanced to ₹3,303.3 crore from ₹2,966.1 crore, after-tax profit decreased to ₹97 crore from ₹181 crore, and diluted earnings per share dropped to ₹24.01 from ₹44.87 a year ago.
Mahindra EPC Irrigation Limited decreased 2% to ₹117.55 despite the micro-irrigation and water management service provider reporting a four-fold increase in earnings in the December quarter.
Consolidated revenue advanced to ₹81 crore from ₹80.34 crore, net income jumped to ₹6.4 crore from ₹1.7 crore, and diluted earnings per share rose to ₹2.27 from 60 paise a year ago.
Authum Investment & Infrastructure Limited dropped 5% to ₹267.25 after the non-banking finance company reported a slight increase in revenue and a 10% decline in profit in the December quarter.
Consolidated revenue advanced to ₹618.6 crore from ₹491.4 crore, after-tax profit decreased to ₹545.2 crore from ₹603.3 crore, and diluted earnings per share fell to ₹32.10 from ₹35.52 a year ago.
Bank of Maharashtra declined 1% to ₹45.79 despite the financial service provider reporting a 31% rise in its earnings in the latest quarter.
Consolidated revenue advanced to ₹7,112.7 crore from ₹5,851.5 crore, net income jumped to ₹1,406.7 crore from ₹1,069.7 crore, and diluted earnings per share rose to ₹1.84 from ₹1.47 a year ago.
Mastek Ltd. fell 0.5% to ₹2,110.95 despite the tech services company reporting a 23% increase in net income in the December quarter.
Consolidated revenue increased to ₹879 crore from ₹787.6 crore, after-tax profit advanced to ₹94.7 crore from ₹77.7 crore, and diluted earnings per share rose to ₹30.35 from ₹24.29 a year ago.
The company's board declared an interim dividend of ₹7 per share.
- Barry Adams
- 01 Apr, 2025
- New York City
Wall Street indexes remained under pressure on the first day of trading of the new quarter as investors awaited clarity on U.S. trade policy.
The S&P 500 index decreased 0.3%, and the Nasdaq Composite fell 0.4%, following a day of wild swings in Monday's trading on Wall Street.
Market sentiment has been cautious amid the Trump administration's chaotic introduction of an import tax and confusion surrounding Donald Trump's constant flip-flops and wild threats to key trading partners.
Economic growth in the first quarter is likely to slow down sharply to close to zero after the Trump administration pursued a policy of an import tax covering nearly $3.3 trillion of imports.
The dramatic expansion and the use of tariffs are causing worldwide reactions, and the import tax is expected to fuel inflation and slow down economic growth.
Moreover, businesses are freezing or delaying investment plans amid tariff confusion, which is raising risks of recession in the third quarter and after.
The Trump administration is scheduled to announce the scope and details of the import tax and implementation plan starting April 2.
The Trump administration is looking to raise as much as $600 billion in annual revenue from new import taxes, sharply higher than the current $77 billion in annual revenue.
Commodities, Currencies, Indexes, Yields
The S&P 500 index decreased 0.1% to 5,607.06, the Nasdaq Composite edged up 0.1% to 17,324.18, and the Russell 2000 index was down 0.6% to 2,000.08.
The yield on 2-year Treasury notes edged lower to 3.88%, 10-year Treasury notes decreased to 4.18%, and 30-year Treasury bonds declined to 4.53%.
WTI crude oil increased $0.16 to $71.64 a barrel, and natural gas prices edged lower by $0.08 to $4.04 a thermal unit.
Gold increased by $13.04 to 3,133.81 an ounce, and silver edged down by $0.11 to $33.94.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.14 to 104.35 and traded at a two-year high.
U.S. Movers
PVH Corp. surged 16.2% to $75.12 after the parent company of the Calvin Klein and Tommy Hilfiger brands reported results for the fourth quarter of 2024.
Revenue declined to $2.37 billion from $2.49 billion, net income edged down to $157.2 million from $271.8 million, and diluted earnings per share fell to $2.83 from $4.55 a year ago.
The company announced $500 million in share repurchases in 2025 after completing approximately $500 million in stock repurchases during 2024.
Johnson & Johnson dropped 4% to $159.14 after the U.S. bankruptcy judge disapproved the company's $10 billion settlement proposal.
The proposed settlement covered thousands of lawsuits covering its baby powder and other talc products that caused ovarian cancer.
Progress Software Corp. jumped 7.5% to $55.35 after the business application software company's quarterly results surpassed market expectations.
The company's guidance for adjusted earnings for the full year also exceeded market expectations.