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Stay updated on stock market news covering individual stocks, earnings reports, analyst ratings, market trends, and major corporate developments. Follow leading companies across sectors including technology, finance, healthcare, energy, and consumer goods as investors react to economic data, business performance, and global market events.
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4h ago
Airtel Africa Q2 profit rises 16% to $254 million
Airtel Africa has revealed a remarkable 15.9% jump in its quarterly net profit, reaching $254 million, fueled by robust revenue growth. The total revenue escalated to $1.97 billion, showcasing a 25.7% rise in reported currency. Operating profit surged by 28.5% to $659 million, while customer numbers soared by 11.6%, pointing to the growing demand for data and mobile money services. The company achieved a record underlying Ebitda margin of 50.
4h ago
9h ago
Alaska Air to cut about 200 jobs as fuel shock squeezes earnings
CHICAGO – Alaska Air Group said on Friday it would eliminate about 200 non-contract positions as soaring fuel prices and geopolitical challenges squeeze its finances, with its chief executive warning of a potential $700 ​million annual loss. The cuts suggest the Iran war-linked fuel-price shock, which has already prompted U.S. airlines to raise fares and scale back flight growth, is now ⁠affecting airline jobs.
9h ago