Daily Management Review
Business & Finance

Berkshire's operating profit hits an all-time record in 2022

Warren Buffett’s Berkshire Hathaway Inc. announced its highest annual operating profit in the company history, despite a decline in the fourth-quarter profit due to foreign exchange losses and rising interest rates. Buffett referred to 2022 as a "good year" for Berkshire in his yearly letter to...

Boeing suspends delivery of 787 aircraft due to fuselage problems

Boeing has halted deliveries of the 787 Dreamliner due to fuselage issues. The US Federal Aviation Administration (FAA) announced on Thursday that Boeing chose to halt deliveries of the 787 Dreamliner passenger aircraft for an extra analysis of the fuselage. "After informing the FAA that it was...

Eni to double LNG sales by 2026

Italian Eni anticipates a doubling of LNG shipments by 2026. Italian company Eni stated that it anticipates its contract volumes of liquefied natural gas (LNG) provided to customers to double by 2026 and reach 18 million tons annually. According to Eni's strategic business plan for 2023–2026,...

Source: Japan Post to sell $8.9 billion worth of banking shares

By the end of the month, Japan Post Holdings Co. is considering selling $9 billion worth of stock in order to reduce its ownership of its Japan Post Bank Co. subsidiary by nearly a third, sources reported. According to the three sources, the company is discussing selling its stock before the end of...

BHP's net income falls by 32 percent

Australia's BHP, one of the biggest mining firms in the world, said on December 31 that its net profit decreased by 32% year over year to $6.457 billion in the first half of the fiscal year 2022-2023. The diluted earnings per share decreased from $1.86 to $1.27 from the prior year. At $25.713...

Australian Supermarkets Are Planning To Benefit From High Inflation, But Weaker Demand Is Coming

Due to long-term high inflation and increased savings, Australian supermarkets will make more money in the first half of fiscal 2023. However, analysts have warned of a difficult second half as households struggle with rising costs of living.   Analyst predictions predict that Woolworths...

Uptick In US IPOs Offers Hope For A Market Reopening

Is the IPO winter finally coming to an end?   Last week saw a flurry of listings, a year after Russia's invasion of Ukraine and an increase in inflation fuelled a period of market volatility that prevented the majority of initial public offerings in 2022. According to Dealogic data, a busier...

Hermes Surpasses Expectations Due To Strong Growth In The US And China

Hermes, the maker of the Birkin bag, claimed that wealthy Chinese consumers bought its goods in the fourth quarter even though the rest of the luxury market was suffering from an increase in COVID infections, enabling it to surpass sales and margin expectations.   According to Executive...

Bloomberg: Twitter closes two of its three offices in India

According to sources cited by Bloomberg, two of Twitter's three offices in India have been shut down. The social network's offices in Mumbai and New Delhi have stopped operating, but the office in Bangalore is still open, according to the publication. The company fired more than 90% of its Indian...

To Reassure Investors, Adani Says There Will Be No Refinancing Or Liquidity Issues

In its most recent effort to reassure investors alarmed by a critical U.S. short-report seller's on its business practices, the Adani group of India said on Tuesday that neither its companies nor the near-term liquidity issues they face pose any material refinancing risk.   The group of...
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