Procter & Gamble blows past Wall Street estimates in the fiscal first quarter. The consumer goods company reports £3.31 billion of net income in Q1. The American multinational forecasts a 3% to 4% growth in its full-year sales. The Procter & Gamble Company (NYSE: PG) published its earnings report on Tuesday that blew past Wall Street estimates for the fiscal first quarter. The company expressed confidence that performance will remain robust in the upcoming months as it raised its guidance for fiscal 2021. Procter & Gamble was reported trading more than 2% up in premarket trading on Tuesday but lost the majority of its intraday gain later in the day. Shares of the company are now exchanging hands at £110.16 per share versus £95.37 at the start of 2020. Interested in investing in the stock market online? Here’s a simple guide to get you started. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. P&G’s Q1 financial results versus analysts’ estimates Procter & Gamble reported £3.31 billion of net income in the fiscal first quarter that translates to £1.26 per share. In the same quarter last year, its net income was
WASHINGTON (REUTERS) - Four years ago, United States President Donald Trump rode a wave of late-deciding voters to a shocking election victory. But those voters are unlikely to rescue him again, new Reuters/Ipsos polling shows. With less than three weeks to go until the Nov 3 vote, and Republican Trump trailing his Democratic rival Joe Biden nationally and in battleground states, his campaign is counting on a surge of last-minute votes to reverse the tide and give him a second term. But Reuters/Ipsos polling conducted between Oct 9 and 13 shows there are far fewer undecided voters this year, and they are just as likely to pick Mr Biden as they are Mr Trump. The polling also shows Mr Biden holding a 10 percentage point lead nationally, with a tighter margin in the battleground states that will help to decide the election. "The candidate who is behind - Trump - needs to win undecideds at a disproportionate rate to catch up. So, if that isn't happening, he's not really cutting into Biden's lead," said Mr Kyle Kondik, an election analyst at the Centre for Politics at the University of Virginia. Compounding Mr Trump's challenge has been a record rush
Worldwide coronavirus cases crossed 40 million on Monday, according to a Reuters tally, as the onset of winter in the northern hemisphere fuelled a resurgence in the spread of the disease.The Reuters tally is based on official reporting by individual countries. Experts believe the true numbers of both cases and deaths are likely much higher, given deficiencies in testing and potential under-reporting by some countries.The Reuters data shows the pace of the pandemic continues to pick up. It took just 32 days to go from 30 million global cases to 40 million, compared with the 38 days it took to get from 20 to 30 million, the 44 days between 10 and 20 million, and the three months it took to reach 10 million cases from when the first cases were reported in Wuhan, China, in early January. Record one-day increases in new infections were seen at the end of last week, with global coronavirus cases rising above 400,000 for the first time.There were an average of around 347,000 cases each day over the past week, compared with 292,000 in the first week of October.The United States, India, and Brazil remain the worst affected countries in the world. Covid-19 cases
TEHERAN (BLOOMBERG) - While the world looks to next month's US election for clues on the future of the standoff with Iran, candidates are preparing for another vote that may prove just as pivotal. Next June, Iranians will also elect a new president, as the era of Hassan Rouhani, who staked his career on clinching the historic nuclear deal with world powers in 2015, comes to an end, his legacy upended by hardliners in the US and at home. As always, presidential hopefuls will be vetted by the powerful Guardian Council, whose members are appointed by Supreme Leader Ayatollah Ali Khamenei. But the field is set to be dominated by military men and stalwart conservatives whose influence has surged since 2018, when President Donald Trump abandoned the nuclear accord Rouhani had pledged would be a ticket to international acceptance and economic prosperity. Though Iran has rolled back compliance to key commitments in the deal, resuming enrichment beyond the agreed limits as Trump reinstated and tightened sanctions, it has not officially repudiated the agreement and has indicated its violations could be phased out if penalties are lifted. Tighter US sanctions have caused Iran's oil exports to
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