Michael Susin

Spain

UK Markets Reporter at Dow Jones Newswires

UK Markets Reporter at The Wall Street Journal

UK markets Reporter at @Dowjones & @WSJ, previously News Reporter at @Reuters

Articles

Heineken Backs Outlook After Beating Market Views

1 week ago | wsj.com | Michael Susin

Heineken backed its full-year guidance after quarterly performance beat market expectations, but warned that the consumer and geopolitical backdrop remains volatile. The Dutch brewer on Wednesday said it continues to expect adjusted operating profit, which strips out exceptional and other one-off items, to grow organically between 4% and 8% in 2025.
Heineken Backs Outlook After Beating Market Views

1 week ago | tradingview.com | Michael Susin

By Michael SusinHeineken backed its full-year guidance after quarterly performance beat market expectations, but warned that the consumer and geopolitical backdrop remains volatile. The Dutch brewer on Wednesday said it continues to expect adjusted operating profit, which strips out exceptional and other one-off items, to grow organically between 4% and 8% in 2025.
Beiersdorf Sticks to Outlook After Solid Sales Growth

1 week ago | wsj.com | Michael Susin

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Beiersdorf Sticks to Outlook After Solid Sales Growth

1 week ago | tradingview.com | Michael Susin

By Michael SusinBeiersdorf reiterated its full-year expectations after reporting an increase in first-quarter sales, mainly driven by its skin and body-care segment. The German personal-care products maker on Tuesday said it continues to expect organic sales growth in 2025 of 4% to 6%. Its consolidated earnings before interest and taxes margin--which strips out exceptional and other one-off items--is expected to be above the previous year's level of 13.9%.
Heineken Names Guillaume Duverdier as Regional President of Africa Middle East

1 week ago | marketscreener.com | Michael Susin

By Michael Susin Heineken appointed Guillaume Duverdier as regional president of Africa Middle East, effective July 1. The brewer said Monday that Duverdier will replace Roland Pirmez, who will retire after 29 years with the company. Duverdier is currently managing director at Heineken Mexico, and joined the company in 2000. "Guillaume's successful track record of 25 years within Heineken will ensure a smooth transition," Chief Executive Dolf van den Brink said.
U.K. Shopper Traffic Drops in March on Late Easter, Report Says

1 week ago | wsj.com | Michael Susin

U.K. retail footfall fell in March, dragged by a late Easter and ongoing subdued consumer confidence, according to a report published Friday. The number of visits to stores–comprising main-street shops, retail parks and shopping centers–for the five weeks ended April 5 decreased by 5.4% from the same period a year earlier, according to the report by the British Retail Consortium and Sensormatic Solutions IQ. This compares with the 0.2% increase in February.
Tesco Shares Fall on Profit Warning as Competition Heats Up - Update

2 weeks ago | morningstar.com | Michael Susin

By Michael Susin Tesco shares fell after the U.K.'s largest supermarket said it expects profit to fall as competition intensifies, with rivals such as Asda ramping up efforts to gain market share. London-listed shares were down 6.6% at 312.9 pence in early trade Thursday, and are down nearly 15% since the start of the year. The warning also had a knock-on effect on peers, with shares in Sainsbury's and Marks & Spencer down 5% and 2.2%, respectively.
Tesco Warns of Profit Decline as Competition Heats Up

2 weeks ago | wsj.com | Michael Susin

The U.K. grocery sector faces a potential price war with Asda bidding to recapture lost market shareTesco said it expects to report lower profit for its fiscal year as competition intensifies, with rivals such as Asda ramping up efforts to gain market share. The U.K. grocer on Thursday expects adjusted operating profit–its preferred metric, which strips out exceptional and other one-off items–to come in at 2.7 billion to 3.0 billion pounds ($3.46 billion-$3.85 billion) in fiscal 2026.
Tesco Warns of Profit Decline as Competition Heats Up

2 weeks ago | morningstar.com | Michael Susin

By Michael Susin Tesco said it expects to report lower profit for its fiscal year as competition intensifies, with rivals such as Asda ramping up efforts to gain market share. The U.K. grocer on Thursday expects adjusted operating profit--its preferred metric, which strips out exceptional and other one-off items--to come in at 2.7 billion to 3.0 billion pounds ($3.46 billion-$3.85 billion) in fiscal 2026. The guidance is below company-compiled market expectations of 3.20 billion pounds.
Tesco Warns of Profit Decline as Competition Heats Up

2 weeks ago | tradingview.com | Michael Susin

Tesco Warns of Profit Decline as Competition Heats UpTSCOTesco said it expects to report lower profit for its fiscal year as competition intensifies, with rivals such as Asda ramping up efforts to gain market share. The U.K. grocer on Thursday expects adjusted operating profit--its preferred metric, which strips out exceptional and other one-off items--to come in at 2.7 billion to 3.0 billion pounds ($3.46 billion-$3.85 billion) in adjusted operating profit in fiscal 2026.