PARIS -French energy giant TotalEnergies posted a 22% decline in first-quarter earnings due to a steep decline in profits from natural gas, while warning that rising.
Sanctions on Russian gas
from the Yamal LNG project would cause prices to spike and
profit global gas sellers including TotalEnergies,
chief executive Patrick Pouyanne said on Friday, in response.
PARIS -French energy giant TotalEnergies posted a 22% decline in first-quarter earnings, slightly less than expected, as good refining margins partially offset a steep. -April 26, 2024 at 10:59 am EDT
- MarketScreener
Birkin bag maker Hermes reported a 17% surge in first quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter and underlining strong demand for high end luxury. .
PARIS (Reuters) -Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter including in China, and underlining strong demand for high end luxury. Sales rose to 3.81 billion euros ($4.08 billion) for the three months to March 31 and beat expectations for a 13% rise, according to consensus provider Visible Alpha. Its first-quarter growth far outpaced larger rival LVMH, showing the strength of businesses operating in the top end of the market and defying broader weakness in key market China.