(Reuters) - Real estate investment trust Kimco Realty raised its forecast for 2024 funds from operations on Thursday, banking on robust leasing demand at its open-air grocery-anchored shopping centers.
Commercial real estate investment trusts such as Kimco have benefited from a shrinking supply of rental spaces, giving them room to raise rental rates.
The New York-based company also topped market expectations for first-quarter funds from... (continue reading...)
(Reuters) - Church & Dwight raised the lower end of its annual profit forecast and beat expectations for first-quarter results on Thursday, buoyed by resilient demand for its higher-priced fabric care and hygiene products in the U.S. and Europe.
Even though consumers in the U.S. are having to pay more for rent and basic food items, they have over the years stuck to buying name brands like OxiClean and Batiste dry shampoo to meet their household and... (continue reading...)
(Reuters) - Medtech firm Zimmer Biomet Holdings beat Wall Street estimates for first-quarter profit on Thursday, on the back of robust demand for its devices that are used in knee and hip reconstruction procedures.
Zimmer's results extend a strong quarter for medical device makers, including peer Stryker Corp which raised its annual profit outlook betting on steady demand for its hip and knee implants.
Investors have increased... (continue reading...)
TAGULANDANG, Indonesia (Reuters) - Antelmus Paulus, 67, is in despair after the eruption on Tuesday of Indonesia's Ruang volcano rendered his home on Tagulandang island uninhabitable and prompted authorities to evacuate more than 12,000 people.
Antelmus' zinc-roofed house, about 7 kms (4.35 miles) from the 725-metre (2378.61 ft) high volcano, was heavily damaged by the ejected material.
"There were rocks that were spewed (from the... (continue reading...)
(Reuters) - WestRock beat quarterly profit expectations on Thursday, helped by higher prices, easing input costs and a recovery in demand for its paper packaging products, sending its shares up 6% premarket.
The company, which is being acquired by Ireland-based Smurfit Kappa for $11 billion, has redirected its focus toward bolstering its corrugated packaging portfolio and implemented cost-saving measures by shutting a few of its paper mills in the... (continue reading...)
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