275 articles
Mol achieved significant performance in the second quarter of 2023, which was not seen since the 2022 energy crisis. The Downstream segment reached a record high, due to increased margins, normalized product supply, and the return of Russian oil. The Upstream segment also achieved strong results, making the third quarter the strongest in the period, with net profit exceeding analyst expectations by nearly 60 percent. The reasons and sustainability will also be examined.
uzlet-vallalkozasWalt Disney announced mixed quarterly results, as earnings per share significantly exceeded expectations, while revenue fell slightly short of analyst consensus. The growth was primarily driven by the theme parks and streaming business, according to CNBC.
uzlet-vallalkozasThe upcoming summer heatwaves of 2026, which are expected to break records, highlight that, in addition to expanding green spaces, the selection of urban surfaces is also essential for adapting to climate change. According to a Wienerberger statement, light and water-permeable surfaces not only help to mitigate the heating of settlements, but also play a key role in effectively managing sudden rainfall.
uzlet-vallalkozasEli Lilly reported record revenues and profits in its second-quarter earnings report, while also raising its full-year revenue forecast. The strong results are attributed to the sustained high demand for its Zepbound and Mounjaro drugs. The stock price rose in pre-market trading, according to CNBC.
uzlet-vallalkozasThe number of electric vehicles in the Hungarian fleet has already exceeded 100,000, representing an annual growth of more than 40%. According to Netrisk data, the share of electric vehicles in mandatory vehicle insurance contracts is 3.6%, while that of hybrids has increased to more than 5%. The mandatory insurance premiums for electric vehicles have decreased by 8%, while those for hybrids have decreased by 12%, compared to just 2% for other cars. However, the casco premiums are significantly higher, with the average annual premium for electric vehicles exceeding 263,000 forints.
uzlet-vallalkozasFollowing a positive opening, European stock markets turned negative, with the BUX being in the red since the opening, as most Blue Chip stocks have fallen. The only exception is Richter, which has increased by 1.6 percent.
uzlet-vallalkozasThe Hungarian commercial real estate investment market achieved a transaction volume of 610 million euros in the first half of the year, which is the strongest period since 2021. According to Colliers’ forecast, the volume could reach 1.2-1.3 billion euros by the end of the year. 74 percent of the buyers are domestic, while Western European capital has remained away. Following the spring elections, the yield on 10-year government bonds decreased and the forint strengthened, which improved the investor sentiment. In the office market, speculative vacancy is decreasing, but the supply pressure has disappeared and net absorption has stabilized.
uzlet-vallalkozasThe MBH Bank analyst reaffirmed its recommendation and target price for Masterplast’s shares in response to the company’s latest, second-quarter earnings report.
uzlet-vallalkozasThe company acknowledged the infringement and cooperated with the authorities – the case dates back three years.
uzlet-vallalkozasHeineken exceeded analyst expectations in the first half, as its organic operating profit increased by 6.7 percent, compared to the expected growth of 3.3 percent. This indicates that the beer giant has made significant progress in its two-year restructuring program.
uzlet-vallalkozasNovo Nordisk reported better-than-expected quarterly results and raised its full-year forecast. However, investors were not convinced that the company would be able to return to a sustainable growth path despite the increasing competitive pressure from Eli Lilly, CNBC reported.
uzlet-vallalkozasTrading on European stock exchanges began with gains, but the BUX fell shortly after opening, as Mol, OTP, and Magyar Telekom all declined.
uzlet-vallalkozasSpaceX nearly doubled its revenue and reported a smaller loss in its first public quarterly report. The results are attributed to three main factors: the Starlink connectivity segment is highly profitable, the AI business segment’s profits have increased through cloud services, while the rocket business has increased its losses due to rising Starship development costs. The 1.84 billion dollar investment attracted investors, significantly exceeding expectations, causing the stock price to fall by more than 7 percent after the report was released.