Global Markets

Southwest Airlines Sees 3Q Growth in Unit Revenue

Southwest Airlines Sees 3Q Growth in Unit Revenue

Southwest Airlines Co. (LUV) said in its guidance for the third quarter it expects operating revenue per available seat mile to increase in the range of 3% to 5% year-over-year. The company said in a statement it now expected operating costs per available seat mile, excluding fuel and oil expense […]

Wall Street Wavers Pre-Bell Ahead of Rate Decision

Wall Street Wavers Pre-Bell Ahead of Rate Decision

US stocks were struggling for direction ahead of Wednesday’s opening bell as traders anticipated the US Federal Reserve’s rate decision later in the session. Dow futures slipped 0.1%, S&P futures declined 0.1% and Nasdaq futures also fell 0.1%. Oil prices nudged lower, with global benchmark Brent crude down 1.1% and […]

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Ferguson Reaffirms Full Year Guidance

Ferguson (FERG.L), the world’s largest specialist trade distributor of plumbing and heating products, reaffirmed early on Monday its full year guidance and set out a share buy-back program after fiscal third quarter sales and trading profit jumped. Revenue from ongoing businesses increased by 6.2% to 5.27 billion pounds ($6.72 billion) […]