Chedraui: 1Q'24 Results

The Telegraph
How Putin’s gas empire crumbled
Vladimir Putin is throwing everything he has got at ramping up Russia’s war machine.
Reuters
Berkshire pares huge Apple stake as cash, operating profit set records
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose. The value of Berkshire's stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter.
The Telegraph
North Sea oil drilling to continue for a decade after net zero deadline
Oil drilling in the North Sea is to continue for up to a decade beyond Britain’s net zero deadline after dozens of new licences were granted to fossil fuel companies.
Birmingham Live
Martin Lewis says Octopus customers getting £676 amid Cost of Living crisis
Mr Lewis spoke out on his BBCSounds podcast episode, saying a tariff Octopus boasts right now is causing bills to be cut by £676.
TechCrunch
Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle
If you were concerned about slowing cloud infrastructure growth for a time in 2023, you can finally relax: The cloud was back with a vengeance this quarter. The market as a whole was up a healthy $13.5 billion to $76 billion, up 21% over the first quarter in 2023, per Synergy Research. If you’re wondering what’s driving the growth, you probably guessed that it's related to generative AI and the copious amount of data required to build the underlying models.
Reuters
Exxon to take 18-24 months to hit full stride with Pioneer purchase
HOUSTON (Reuters) -Exxon Mobil will take 18 to 24 months to achieve its full production synergies from its $60 billion purchase of U.S. shale oil producer Pioneer Natural Resources, the company's top shale executive said on Friday. Exxon this week closed all-stock acquisition after agreeing to an antitrust consent order that barred the former Pioneer CEO from joining its board and is moving in coming weeks to combine operations that will form the largest oil producer in the Permian basin. "You will see (oil production) grow pretty rapidly, year over year," said Bart Cahir, Exxon's senior vice president of shale, as Exxon applies its current growth strategy to the resources incorporated from Pioneer.
Business Insider
Apple's record $110 billion stock buyback is bigger than Boeing, Airbnb, and Chipotle
Apple has bought back more than 10 billion of its shares via massive stock buyback programs since 2013.
Reuters Videos
Apple unveils record buyback as results beat forecasts
STORY: Apple announced a record share buyback program on Thursday as the iPhone maker revealed a smaller-than-expected drop in revenue.The company upped its cash dividend by 4%, and is buying back $110 billion worth of stock.It's the largest buyback in Apple's history, fueling a jump in shares after hours.Apple reported a revenue drop of 4% to almost $91 billion in the fiscal second-quarter.That's not as steep a fall as analysts had predicted.A positive forecast came from CEO Tim Cook.He told Reuters the iPhone maker expects "to grow low-single digits" in overall revenue in the current quarter ending in June.Wall Street is predicting closer to 1.3% growth, according to LSEG data.The results and guidance suggest the company may be regaining its footing in the smartphone market, despite stiff competition and regulatory challenges.Long considered a must-own stock on Wall Street, Apple shares have underperformed other Big Tech firms in recent months.It's fallen 10% this year while struggling with weak iPhone demand and tough competition in the Chinese market.Smartphone rivals like Samsung have also introduced competing devices aimed at hosting artificial intelligence chatbots.Though Cook said Thursday that iPhone sales still experienced "growth in some markets, including China."He also said Apple has spent more than $100 billion on AI research and development in the past five years.And that the company would be sharing "some very exciting things" about its AI plans later this year.
Bloomberg
Adani Green Profit Falls By 70% on Lower Forex Gains
(Bloomberg) -- Adani Green Energy Ltd. said its fourth-quarter profit dropped by 70% from a year earlier, when a foreign exchange gain helped boost the earnings. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTurkey Confirms All Trade Halt With Israel Over War in GazaTrump Auditions VP Picks Before Wealthy Donors in Palm BeachHuawei Secretly Backs US Research, Awarding Millions in PrizesBillionaire
Birmingham Live
Drivers can get British Gas 'freebie' worth £1,095 before July 1
British Gas has expanded its partnership with Toyota to launch Toyota HomeCharge, the first domestic wallbox chargepoint designed exclusively for Toyota electric and plug-in hybrid vehicles.
Insider Monkey
30 Most Profitable Companies with Highest Margins in the World
In this article, we will be taking a look at the 30 Most Profitable Companies with Highest Margins in the World. To learn about other Most Profitable Companies with Highest Margins in the World, you can go directly to the 5 Most Profitable Companies with Highest Margins in the World. In today’s competitive global marketplace, […]
Bloomberg
Fading War Risks Push Oil to Biggest Weekly Drop Since February
(Bloomberg) -- Oil posted its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East, while traders continued to weigh the outlook for interest-rate cuts. Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventThe World’s Hunger for Salmon Is Linked to an Ecological DisasterBerkshire Cash Hoard Scores Another Record as Earnings GainSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTrump Aide Hicks Cries on Witness
Reuters
Consolidated Edison beats first-quarter earnings estimates
Electric and gas utility firm Consolidated Edison beat Wall Street estimates for first-quarter profit on Thursday, helped by higher electricity rates and lower operating expenses. On an adjusted basis, the New York-based company said it earned $2.15 per share in the January-March quarter, compared with analysts' estimate of $1.88 per share, according to LSEG data. Consolidated Edison provides electric and gas services to about 5.1 million customers through its subsidiaries, mainly in some boroughs of New York City - Manhattan, the Bronx, parts of Queens - and parts of adjoining Westchester County.
Barrons.com
Albemarle Beats Earnings Estimates. Investors Hope for a Commodity Trough.
The lithium miner reported first-quarter adjusted earnings per share of 26 cents, beating estimates by 1 cent.
OK! Magazine
King Charles' '4-word response' to Harry's request to meet during UK visit
Prince Harry has reportedly extended an olive branch to King Charles and asked if the pair can meet during his upcoming visit to the UK and he received a 'four-word response'
Yorkshire Live
Have a go hero dishes out life lesson after 'old man attacked in Keighley'
CCTV footage of old man 'being attacked in Yorkshire' goes viral online as have a go hero steps in
Birmingham Live
BBC Gardeners' World star Carol Klein announces shock health diagnosis and major surgery
The popular TV presenter has been presenting permanently on the show since 2005
Snopes
King Charles III's Funeral Plans Reportedly Updated, as He's 'Very Unwell.' Here's What We Found
Numerous rumors about the British monarch spread following his cancer diagnosis on Feb. 5, 2024.
Liverpool Echo
BBC Bargain Hunt expert brutally shut down after 'awful' admission
The buyers stepped in after the suggested from Phillip Serrell
Birmingham Live
ITV Coronation Street actress speaks out on husband's 'break-up' with co-star
Sally Carman-Duttine plays Abi Webster on the popular soap

Antonio Chedraui Eguía	CEO, Grupo Comercial Chedraui
Carlos Smith Mathas	CEO, Chedraui USA
Humberto Tafolla Núñez	CFO, Grupo Comercial Chedraui
Arturo Velázquez Díaz	IRO

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Chedraui: 1Q'24 Results

Latest stories

How Putin’s gas empire crumbled

Berkshire pares huge Apple stake as cash, operating profit set records

North Sea oil drilling to continue for a decade after net zero deadline

Martin Lewis says Octopus customers getting £676 amid Cost of Living crisis

Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle

Exxon to take 18-24 months to hit full stride with Pioneer purchase

Apple's record $110 billion stock buyback is bigger than Boeing, Airbnb, and Chipotle

Apple unveils record buyback as results beat forecasts

Adani Green Profit Falls By 70% on Lower Forex Gains

Drivers can get British Gas 'freebie' worth £1,095 before July 1

30 Most Profitable Companies with Highest Margins in the World

Fading War Risks Push Oil to Biggest Weekly Drop Since February

Consolidated Edison beats first-quarter earnings estimates

Albemarle Beats Earnings Estimates. Investors Hope for a Commodity Trough.

King Charles' '4-word response' to Harry's request to meet during UK visit

Have a go hero dishes out life lesson after 'old man attacked in Keighley'

BBC Gardeners' World star Carol Klein announces shock health diagnosis and major surgery

King Charles III's Funeral Plans Reportedly Updated, as He's 'Very Unwell.' Here's What We Found

BBC Bargain Hunt expert brutally shut down after 'awful' admission

ITV Coronation Street actress speaks out on husband's 'break-up' with co-star