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Shipping giant Maersk's profit sinks, warns of Red Sea risk
Shipping giant Maersk's profit sinks, warns of Red Sea risk
by  AFP

Shares in shipping giant Maersk dived on Thursday after it warned of an uncertain 2024 earnings outlook linked to an oversupply of container vessels and Yemeni rebel attacks in the Red Sea. The "oversupply challenges" in the maritime shipping industry are expected to "materialise fully" over the course of 2024, Maersk said.

Unilever profit drops as sales flatten after price hikes
Unilever profit drops as sales flatten after price hikes
by  AFP

British consumer goods giant Unilever on Thursday said its net profit dropped 15 percent last year to 6.5 billion euros ($7 billion) as sales flattened as the group hiked prices. Group revenue dipped 0.8 percent to 59.6 billion euros last year compared with 2022.

Gucci owner Kering says profit fell 17% in 2023
Gucci owner Kering says profit fell 17% in 2023
by  AFP

French luxury giant Kering said Thursday its sales and net profit fell in 2023, warning its investment strategy will weigh on results this year as it refocuses its business around its flagship brand Gucci. Looking ahead, Kering warned that its investment strategy will weigh on the group's full-year operating income.

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