Hertz Global Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

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Former RBA governor's bleak interest rate rise prediction
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RBA holds interest rates but Australia on cusp of ‘genuine recession’ after ‘rotten’ update
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Australia's ANZ unveils $1.3 billion buyback after half-year earnings meet estimates
(Reuters) -ANZ Group on Tuesday unveiled a new A$2 billion ($1.32 billion) share buyback after the bank's first-half cash earnings largely met analyst estimates, but flagged its concerns about challenges in Australian and global economies. Cash profit fell 7% to A$3.55 billion ($2.35 billion) for the six months ended March 31, only slightly above a Visible Alpha consensus estimate, compiled by UBS, of A$3.54 billion. "Both the domestic and international environments are expected to remain challenging across the remainder of the year," ANZ CEO Shayne Elliott said.
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Westpac raises share buyback by $661 million even as costs and competition bite
(Reuters) -Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared a special dividend on Monday citing a strong balance sheet, even as its first-half profit fell 16% on tight competition and high costs. Traditionally beneficiaries of rising interest rates, the country's so-called Big Four lenders have spent the past year sacrificing margins to write new home loans and paying more to depositors, narrowing their closely watched "net interest margin". Westpac's net interest margin slipped to 1.89%, down 7 basis points from a year earlier, while net interest income remained largely flat at A$9.13 billion.
Reuters
BHP insists Anglo American's South African assets must go in any takeover, sources say
BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner's thinking said. The "Big Australian" was rebuffed by its smaller rival on April 26 after submitting a $39 billion takeover proposal, in a plan seen as complex because it required Anglo to offload its shares in Kumba Iron Ore and Anglo American Platinum (Amplats) to Anglo American's shareholders before any deal took place. Anglo American owns 78.6% of Amplats and 69.7% of Kumba.
Reuters
Trump Media dismisses auditor BF Borgers amid SEC fraud charges
Former U.S. President Donald Trump's media and technology company said it had replaced its auditor, BF Borgers, after the U.S. Securities and Exchange Commission (SEC) charged the accounting firm with "massive fraud" on Friday. Trump Media & Technology Group said in a filing with the SEC on Monday that it had switched to Semple, Marchal & Cooper on Saturday. The change was recommended and approved by the company's audit committee.
NCA NewsWire
‘Call us’: Major bank’s plea to homeowners
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RBA governor Michele Bullock's mistake before interest rate decision: 'Needs to fix this'
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Banks Illegally Shorted $156 Million of Stocks, South Korea Probe Finds
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Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle
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Spirit Airlines stock sinks as CEO cites 'challenging' climate
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BHP Group's (ASX:BHP) investors will be pleased with their 20% return over the last three years
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Those who invested in Allianz Malaysia Berhad (KLSE:ALLIANZ) five years ago are up 108%
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Hertz Global Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Hertz Global Holdings (NASDAQ:HTZ) First Quarter 2024 Results

Key Financial Results

Hertz Global Holdings Revenues Beat Expectations, EPS Falls Short

Risk Analysis

Latest stories

Former RBA governor's bleak interest rate rise prediction

In 5 Years, These 8 Stocks Will Be More Valuable Than Amazon

RBA holds interest rates but Australia on cusp of ‘genuine recession’ after ‘rotten’ update

Australia's ANZ unveils $1.3 billion buyback after half-year earnings meet estimates

8 Purchases Boomers Should Never Make During Retirement

Westpac raises share buyback by $661 million even as costs and competition bite

BHP insists Anglo American's South African assets must go in any takeover, sources say

Trump Media dismisses auditor BF Borgers amid SEC fraud charges

‘Call us’: Major bank’s plea to homeowners

Investors in Big River Industries (ASX:BRI) have seen notable returns of 90% over the past five years

Three Leading Canadian Dividend Stocks With Yields Up To 5.5%

Is BlueScope Steel Limited (ASX:BSL) Trading At A 38% Discount?

RBA governor Michele Bullock's mistake before interest rate decision: 'Needs to fix this'

Banks Illegally Shorted $156 Million of Stocks, South Korea Probe Finds

Fugro N.V.'s (AMS:FUR) institutional investors lost 3.4% over the past week but have profited from longer-term gains

Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle

Spirit Airlines stock sinks as CEO cites 'challenging' climate

FOREX-Dollar soft on renewed Fed rate cut bets; yen on back foot

BHP Group's (ASX:BHP) investors will be pleased with their 20% return over the last three years

Those who invested in Allianz Malaysia Berhad (KLSE:ALLIANZ) five years ago are up 108%