EU Welcomes Pause in US Trade Fight While Seeking Better Terms
European Commission President Ursula von der Leyen, who met with Trump in his golf club in Turnberry, Scotland, on Sunday, hailed the agreement for the stability and predictability it will offer businesses and consumers. The EU knew that the deal would favor the US, but von der Leyen urged reporters to 'not forget where we came from,' referencing tariff rates Trump threatened that were as high as 50%.
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FTSE 100 LIVE: Stocks climb higher as traders cheer slew of strong earnings reports
The FTSE 100 (^FTSE) and European stocks soared higher on Thursday as investors cheered a number of strong earning reports. Russ Mould of AJ Bell said: 'It's a busy week for corporate earnings in the UK and US, and investors have plenty of news to digest. The latest set of UK results was generally well-received.' It comes after strong results from Microsoft (MSFT) and Meta (META) after the closing bell in New York last night, which renewed AI optimism. Meta's shares rose by 11.5% in post-market trading as its third-quarter sales guidance exceeded expectations ($47.5-50.5bn vs $46.2bn est.) with the company claiming that new AI features were boosting ad revenue and announcing an increase in AI-related investment. Meanwhile, Microsoft gained more than 8% after-hours as it delivered stronger-than-expected Azure revenue growth (+39% vs +34% est.) and announced it will spend over $30bn on AI data centres in the current quarter. Meanwhile, the White House announced a trade deal with South Korea that will see it face 15% tariffs — the same as Japan and the EU — and establish a $350bn fund for investment into the US, with $150bn allocated for a shipbuilding partnership. London's benchmark index (^FTSE) was 0.5% higher in early trade Germany's DAX (^GDAXI) rose 0.7% and the CAC (^FCHI) in Paris headed 0.5% into the green The pan-European STOXX 600 (^STOXX) was up 0.4% Wall Street is set for a positive start as S&P 500 futures (ES=F), Dow futures (YM=F) and Nasdaq futures (NQ=F) were all in the green. The pound was 0.2% up against the US dollar (GBPUSD=X) at 1.3257 Follow along for live updates throughout the day: Hot weather boosts sales and profits at Next Next (NXT.L) has upped its annual sales and profit outlook once again after better-than-expected trading thanks to hot weather and disruption at cyber attack struck rival Marks & Spencer. The womenswear and homewares chain posted a 10.5% rise in full-price sales for the second quarter to July 26, with growth of 10.9% for the half-year as a whole. In the UK, sales jumped by 7.8% in the second quarter as the group said it was boosted by 'better than expected weather and trading disruption at a major competitor'. M&S had to suspend online trading for nearly two months from mid-April after it was hit by a major hack. Next said the recent performance and forecasts for better-than-forecast second half trading means it now expects full-year sales to rise by 7.5% and for profits to increase by 9.3% to £1.11 billion. It had previously pencilled in sales growth of 6% and for profits to lift by 6.8%. The upgrade marks the group's third in just five months. But Next said it 'remains cautious for the second half', stressing that the improved outlook is for its international arm over the next six months. It said: It believes sales growth in the UK will slow sharply to 1.9% as the jobs market starts to falter following the Government's move to hike National Insurance contributions for employers, at the same time as rising the minimum wage. Next said: But an online marketing push for its international arm is bearing fruit, helping drive sales 28.1% higher in the first half and with growth of 19.4% now expected in the final six months. The results come after Next announced late on Wednesday that it had bought Seraphine – the maternity fashion firm, whose clothes were worn by the Princess of Wales during her pregnancies – after it recently collapsed into administration. Next paid £600,000 for the brand and announced it was bringing back Seraphine's founder Cecile Reinaud as an adviser to help relaunch the fashion label. Shell announces further $3.5bn in share buybacks as profits beat estimates Shell (SHEL.L) has announced a further $3.5bn (£2.63bn) in share buybacks, as profits beat expectations in the second quarter. The Anglo-Dutch energy major reported adjusted earnings of $4.3bn, which was down 24% quarter-on-quarter and 32% lower on the same period last year but topped expectations of $3.74bn, according to consensus estimates provided by Vara Research. Shell CEO Wael Sawan said: "Shell generated robust cash flows reflecting strong operational performance in a less favourable macro environment. We continued to deliver on our strategy by enhancing our deep-water portfolio in Nigeria and Brazil, and achieved a key milestone by shipping the first cargo from LNG Canada." "Our continued focus on performance, discipline and simplification helped deliver $3.9 billion of structural cost reductions since 2022, with the majority delivered through non-portfolio actions." He said this enabled the company to launch another $3.5bn of share buybacks for the next three months, representing its 15th consecutive quarter of at least $3bn in repurchases. Shell warned in a trading update in early July that it expected to report lower trading and production results for its gas division in the second quarter. In Thursday's results, Shell reported cash flow from operating activities of $11.9bn, which was ahead of a consensus figure of $11.4bn. The company delivered a quarterly dividend of $0.3580 per share, unchanged from the first quarter. Net debt was up $1.7bn from the first quarter at $43.2bn and was higher than the $38.3bn reported a year ago. Asia and US overnight Stocks were mostly lower in Asia on Thursday with the Nikkei (^N225) outperforming against its peers, rising more than 1% on the day in Japan. It came as the Bank of Japan (BoJ) kept its policy rate at 0.5% overnight, as widely expected. But in a hawkish undertone, the central bank revised up its inflation forecast for the current fiscal year from 2.2% to 2.7%, while also making slight upgrades for 2026 and 2027 inflation and to growth for the current year. The adjustments suggest that the next BoJ rate hike could be coming closer into view after four on-hold decisions in a row and the Japanese yen is trading +0.41% at 148.90 against the dollar this morning after hitting its lowest levels since early April during the US session yesterday. Meanwhile, the Hang Seng (^HSI) slipped 1.5% in Hong Kong and the Shanghai Composite ( was 1.2% down by the end of the session, lagging on the back of softer-than-expected official July PMIs. The manufacturing PMI came in at 49.3 (vs. 49.7 in June), marking the fourth consecutive month of contraction, while the non-manufacturing index fell to 50.1, its lowest level since November. In South Korea, the Kospi (^KS11) lost 0.3% on the day following the deal announced with the US that will see it face 15% US tariffs — the same as Japan and the EU. It will also establish a $350bn fund for investment into the US, with $150bn allocated for a shipbuilding partnership. Across the pond on Wall Street, the S&P 500 (^GSPC) edged 0.1% lower after the Federal Reserve kept interest rates steady as expected. The tech-heavy Nasdaq (^IXIC) rose 0.1% and the Dow Jones (^DJI) also lost 0.4%. Coming up Good morning, and welcome back to our markets live blog. As usual we will be taking a deep dive into what's moving markets and happening across the global economy. To the day ahead, we have data releases in the US, the focus will be on June PCE, personal income and spending, and initial jobless claims. In Europe, the data highlights will be German, France and Italy July CPI prints. We will also have the eurozone unemployment and Canada May GDP. And the earnings calendar will remain busy with Apple and Amazon being the main highlight, while in Europe we have Rolls-Royce and BMW. Here's what's on the agenda today: 7am: Trading updates: Shell, British American Tobacco, Unilever, London Stock Exchange, Rolls-Royce, SEGRO, Standard Chartered, Haleon, Mondi, Endeavour Mining, Schroders, Hammerson, Spire Healthcare, Helios Towers, Indivior, Next, Pets at Home 7am: UK Nationwide House Price Index 10am: Eurozone unemployment rate 10am: Italy inflation rate 1pm: Germany inflation rate 1:30pm: US core personal consumption expenditures inflation rate 1:30pm: US Initial Jobless Claims, Continuing ClaimsHot weather boosts sales and profits at Next Next (NXT.L) has upped its annual sales and profit outlook once again after better-than-expected trading thanks to hot weather and disruption at cyber attack struck rival Marks & Spencer. The womenswear and homewares chain posted a 10.5% rise in full-price sales for the second quarter to July 26, with growth of 10.9% for the half-year as a whole. In the UK, sales jumped by 7.8% in the second quarter as the group said it was boosted by 'better than expected weather and trading disruption at a major competitor'. M&S had to suspend online trading for nearly two months from mid-April after it was hit by a major hack. Next said the recent performance and forecasts for better-than-forecast second half trading means it now expects full-year sales to rise by 7.5% and for profits to increase by 9.3% to £1.11 billion. It had previously pencilled in sales growth of 6% and for profits to lift by 6.8%. The upgrade marks the group's third in just five months. But Next said it 'remains cautious for the second half', stressing that the improved outlook is for its international arm over the next six months. It said: It believes sales growth in the UK will slow sharply to 1.9% as the jobs market starts to falter following the Government's move to hike National Insurance contributions for employers, at the same time as rising the minimum wage. Next said: But an online marketing push for its international arm is bearing fruit, helping drive sales 28.1% higher in the first half and with growth of 19.4% now expected in the final six months. The results come after Next announced late on Wednesday that it had bought Seraphine – the maternity fashion firm, whose clothes were worn by the Princess of Wales during her pregnancies – after it recently collapsed into administration. Next paid £600,000 for the brand and announced it was bringing back Seraphine's founder Cecile Reinaud as an adviser to help relaunch the fashion label. Next (NXT.L) has upped its annual sales and profit outlook once again after better-than-expected trading thanks to hot weather and disruption at cyber attack struck rival Marks & Spencer. The womenswear and homewares chain posted a 10.5% rise in full-price sales for the second quarter to July 26, with growth of 10.9% for the half-year as a whole. In the UK, sales jumped by 7.8% in the second quarter as the group said it was boosted by 'better than expected weather and trading disruption at a major competitor'. M&S had to suspend online trading for nearly two months from mid-April after it was hit by a major hack. Next said the recent performance and forecasts for better-than-forecast second half trading means it now expects full-year sales to rise by 7.5% and for profits to increase by 9.3% to £1.11 billion. It had previously pencilled in sales growth of 6% and for profits to lift by 6.8%. The upgrade marks the group's third in just five months. But Next said it 'remains cautious for the second half', stressing that the improved outlook is for its international arm over the next six months. It said: It believes sales growth in the UK will slow sharply to 1.9% as the jobs market starts to falter following the Government's move to hike National Insurance contributions for employers, at the same time as rising the minimum wage. Next said: But an online marketing push for its international arm is bearing fruit, helping drive sales 28.1% higher in the first half and with growth of 19.4% now expected in the final six months. The results come after Next announced late on Wednesday that it had bought Seraphine – the maternity fashion firm, whose clothes were worn by the Princess of Wales during her pregnancies – after it recently collapsed into administration. Next paid £600,000 for the brand and announced it was bringing back Seraphine's founder Cecile Reinaud as an adviser to help relaunch the fashion label. Shell announces further $3.5bn in share buybacks as profits beat estimates Shell (SHEL.L) has announced a further $3.5bn (£2.63bn) in share buybacks, as profits beat expectations in the second quarter. The Anglo-Dutch energy major reported adjusted earnings of $4.3bn, which was down 24% quarter-on-quarter and 32% lower on the same period last year but topped expectations of $3.74bn, according to consensus estimates provided by Vara Research. Shell CEO Wael Sawan said: "Shell generated robust cash flows reflecting strong operational performance in a less favourable macro environment. We continued to deliver on our strategy by enhancing our deep-water portfolio in Nigeria and Brazil, and achieved a key milestone by shipping the first cargo from LNG Canada." "Our continued focus on performance, discipline and simplification helped deliver $3.9 billion of structural cost reductions since 2022, with the majority delivered through non-portfolio actions." He said this enabled the company to launch another $3.5bn of share buybacks for the next three months, representing its 15th consecutive quarter of at least $3bn in repurchases. Shell warned in a trading update in early July that it expected to report lower trading and production results for its gas division in the second quarter. In Thursday's results, Shell reported cash flow from operating activities of $11.9bn, which was ahead of a consensus figure of $11.4bn. The company delivered a quarterly dividend of $0.3580 per share, unchanged from the first quarter. Net debt was up $1.7bn from the first quarter at $43.2bn and was higher than the $38.3bn reported a year ago. Shell (SHEL.L) has announced a further $3.5bn (£2.63bn) in share buybacks, as profits beat expectations in the second quarter. The Anglo-Dutch energy major reported adjusted earnings of $4.3bn, which was down 24% quarter-on-quarter and 32% lower on the same period last year but topped expectations of $3.74bn, according to consensus estimates provided by Vara Research. Shell CEO Wael Sawan said: "Shell generated robust cash flows reflecting strong operational performance in a less favourable macro environment. We continued to deliver on our strategy by enhancing our deep-water portfolio in Nigeria and Brazil, and achieved a key milestone by shipping the first cargo from LNG Canada." "Our continued focus on performance, discipline and simplification helped deliver $3.9 billion of structural cost reductions since 2022, with the majority delivered through non-portfolio actions." He said this enabled the company to launch another $3.5bn of share buybacks for the next three months, representing its 15th consecutive quarter of at least $3bn in repurchases. Shell warned in a trading update in early July that it expected to report lower trading and production results for its gas division in the second quarter. In Thursday's results, Shell reported cash flow from operating activities of $11.9bn, which was ahead of a consensus figure of $11.4bn. The company delivered a quarterly dividend of $0.3580 per share, unchanged from the first quarter. Net debt was up $1.7bn from the first quarter at $43.2bn and was higher than the $38.3bn reported a year ago. Asia and US overnight Stocks were mostly lower in Asia on Thursday with the Nikkei (^N225) outperforming against its peers, rising more than 1% on the day in Japan. It came as the Bank of Japan (BoJ) kept its policy rate at 0.5% overnight, as widely expected. But in a hawkish undertone, the central bank revised up its inflation forecast for the current fiscal year from 2.2% to 2.7%, while also making slight upgrades for 2026 and 2027 inflation and to growth for the current year. The adjustments suggest that the next BoJ rate hike could be coming closer into view after four on-hold decisions in a row and the Japanese yen is trading +0.41% at 148.90 against the dollar this morning after hitting its lowest levels since early April during the US session yesterday. Meanwhile, the Hang Seng (^HSI) slipped 1.5% in Hong Kong and the Shanghai Composite ( was 1.2% down by the end of the session, lagging on the back of softer-than-expected official July PMIs. The manufacturing PMI came in at 49.3 (vs. 49.7 in June), marking the fourth consecutive month of contraction, while the non-manufacturing index fell to 50.1, its lowest level since November. In South Korea, the Kospi (^KS11) lost 0.3% on the day following the deal announced with the US that will see it face 15% US tariffs — the same as Japan and the EU. It will also establish a $350bn fund for investment into the US, with $150bn allocated for a shipbuilding partnership. Across the pond on Wall Street, the S&P 500 (^GSPC) edged 0.1% lower after the Federal Reserve kept interest rates steady as expected. The tech-heavy Nasdaq (^IXIC) rose 0.1% and the Dow Jones (^DJI) also lost 0.4%. Stocks were mostly lower in Asia on Thursday with the Nikkei (^N225) outperforming against its peers, rising more than 1% on the day in Japan. It came as the Bank of Japan (BoJ) kept its policy rate at 0.5% overnight, as widely expected. But in a hawkish undertone, the central bank revised up its inflation forecast for the current fiscal year from 2.2% to 2.7%, while also making slight upgrades for 2026 and 2027 inflation and to growth for the current year. The adjustments suggest that the next BoJ rate hike could be coming closer into view after four on-hold decisions in a row and the Japanese yen is trading +0.41% at 148.90 against the dollar this morning after hitting its lowest levels since early April during the US session yesterday. Meanwhile, the Hang Seng (^HSI) slipped 1.5% in Hong Kong and the Shanghai Composite ( was 1.2% down by the end of the session, lagging on the back of softer-than-expected official July PMIs. The manufacturing PMI came in at 49.3 (vs. 49.7 in June), marking the fourth consecutive month of contraction, while the non-manufacturing index fell to 50.1, its lowest level since November. In South Korea, the Kospi (^KS11) lost 0.3% on the day following the deal announced with the US that will see it face 15% US tariffs — the same as Japan and the EU. It will also establish a $350bn fund for investment into the US, with $150bn allocated for a shipbuilding partnership. Across the pond on Wall Street, the S&P 500 (^GSPC) edged 0.1% lower after the Federal Reserve kept interest rates steady as expected. The tech-heavy Nasdaq (^IXIC) rose 0.1% and the Dow Jones (^DJI) also lost 0.4%. Coming up Good morning, and welcome back to our markets live blog. As usual we will be taking a deep dive into what's moving markets and happening across the global economy. To the day ahead, we have data releases in the US, the focus will be on June PCE, personal income and spending, and initial jobless claims. In Europe, the data highlights will be German, France and Italy July CPI prints. We will also have the eurozone unemployment and Canada May GDP. And the earnings calendar will remain busy with Apple and Amazon being the main highlight, while in Europe we have Rolls-Royce and BMW. Here's what's on the agenda today: 7am: Trading updates: Shell, British American Tobacco, Unilever, London Stock Exchange, Rolls-Royce, SEGRO, Standard Chartered, Haleon, Mondi, Endeavour Mining, Schroders, Hammerson, Spire Healthcare, Helios Towers, Indivior, Next, Pets at Home 7am: UK Nationwide House Price Index 10am: Eurozone unemployment rate 10am: Italy inflation rate 1pm: Germany inflation rate 1:30pm: US core personal consumption expenditures inflation rate 1:30pm: US Initial Jobless Claims, Continuing Claims Good morning, and welcome back to our markets live blog. As usual we will be taking a deep dive into what's moving markets and happening across the global economy. To the day ahead, we have data releases in the US, the focus will be on June PCE, personal income and spending, and initial jobless claims. In Europe, the data highlights will be German, France and Italy July CPI prints. We will also have the eurozone unemployment and Canada May GDP. And the earnings calendar will remain busy with Apple and Amazon being the main highlight, while in Europe we have Rolls-Royce and BMW. Here's what's on the agenda today: 7am: Trading updates: Shell, British American Tobacco, Unilever, London Stock Exchange, Rolls-Royce, SEGRO, Standard Chartered, Haleon, Mondi, Endeavour Mining, Schroders, Hammerson, Spire Healthcare, Helios Towers, Indivior, Next, Pets at Home 7am: UK Nationwide House Price Index 10am: Eurozone unemployment rate 10am: Italy inflation rate 1pm: Germany inflation rate 1:30pm: US core personal consumption expenditures inflation rate 1:30pm: US Initial Jobless Claims, Continuing Claims 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
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Pound inches higher after Trump's tariff announcements and Fed decision
Pound (GBPUSD=X, GBPEUR=X) The pound advanced against the dollar (GBPUSD=X) on Thursday morning, up 0.1% to $1.3253 at the time of writing, following a number of US tariff announcements ahead of president Donald Trump's extended deadline for agreeing trade deals on Friday. The US dollar index ( which tracks the greenback against a basket of six currencies, was little changed at 99.74. Trump announced a trade deal with South Korea on Wednesday evening that will see the US place 15% tariffs on imports from the country. Earlier on Wednesday, the president made other moves on tariffs, including threatening a 25% levy on goods from India and slapping massive 50% duties on imports from Brazil. Trump also suggested that beginning 1 August, India could pay an additional penalty because of its ties with Russia. In addition, the president announced a 50% tariff on copper pipes and wiring that will also come into place on Friday. Investors were also digesting the Federal Reserve's decision on Wednesday to keep interest rates on hold in the range of 4.25% to 4.5%. Read more: Stocks climb higher as traders cheer slew of strong earnings reports Jim Reid, a market strategist at Deutsche Bank ( said: "The prepared statement saw a modest downgrade to the language on growth, but Powell's press conference leaned more hawkish as he painted a picture of a solid US economy with a labour market that is in balance. "While the Fed chair acknowledged that a 'reasonable base case' was that the impact of tariffs on prices would be a one-time shift, he noted the risks that it could be more persistent. "Powell declined to be drawn on what data would justify a September cut. Our US economists note that Powell avoided potential dovish hints, not emphasising slowing services inflation and downplaying any signals from payrolls weakness." He added that Deutsche Bank's US economists still expect the next rate cut to be announced in December. In other currency moves, the pound was little changed against the euro (GBPEUR=X) on Thursday morning, trading at €1.1581 at the time of writing. Gold (GC=F) Gold prices ticked higher on Thursday morning, as investors weighed tariff concerns against strong economic data out of the US. Gold futures (GC=F) rose 0.3% to $3,304 per ounce at the time of writing, while spot gold was up 0.9% to $3,306.13 per ounce. Data released on Wednesday showed that the US economy grew by 3% in the second quarter, ahead of the 2.6% expected by economist surveyed by Bloomberg. This marked a rebound after the US economy contracted for the first time in three years to start 2025. Stocks: Create your watchlist and portfolio Meanwhile, an ADP employment report showed stronger job gains in July at 104,000, compared to expectations of 76,000, rebounding after a decline in June. Investor attention will now turn to the release of the latest personal consumption expenditures (PCE) price index reading, due out later on Thursday. It is the Fed's preferred inflation gauge. Neil Wilson, UK investor strategist at Saxo Markets, said: "Inflation has been relatively benign but it's the next few months that matter as tariffs could bite. "Month-on-month core PCE inflation has been 0.0%, 0.1% and 0.2% in the April-May period, but the July-Sep data is likely to tick higher. June's data today is expected to rise to +0.3%, or +2.70% annually. We could see it continue to tick up further on a monthly basis in the Jul-Sep period to 0.5% and 3.0% annually – a reason why the Fed is happy to wait and see for now." Oil (BZ=F, CL=F) Oil prices were muted on Thursday morning as investors kept in mind Trump's shortened deadline for Russia to end its military campaign in Ukraine and threats against countries trading its oil. Brent crude (BZ=F) futures dipped 0.1% to $70.81 per barrel at the time of writing, while West Texas Intermediate futures (CL=F) were little changed at $69.96 a barrel. In addition to 25% tariffs, Trump suggested that India face an additional 'penalty' for buying Russian arms and oil, without specifying exactly what this meant. Wilson said oil prices had been rising "despite running up against stalling US data as the EIA reported the biggest inventory build in six months. The 7.7mn barrel increase was the largest since January and came a day after API reported an unexpected build. "Prices however remained supported as president Trump seems to be getting tired with Russia, and oil markets have priced in the chance of a potential supply disruption. Watch this and 1 August tariff deadline tomorrow and rising Opec+ output. Brent and WTI have both made clear breaches of the 200-day SMA with momentum indicator (MACD) turning positive." In broader market movements, FTSE 100 (^FTSE) rose 0.2% on Thursday morning to 9,156 points. For more details, on market movements check our live coverage here. Read more: Eurozone economic growth slows to 0.1% in second quarter Should you invest in gold? Trump's trade war hasn't harmed global growth outlook yet, says IMFError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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'Make America Shipbuilding Great Again' package key to reaching trade deal, South Korea says
SEOUL (Reuters) -South Korean Finance Minister Koo Yun-cheol said on Thursday that a shipbuilding partnership package dubbed "Make America Shipbuilding Great Again" was key to the agreement on tariffs between the U.S. and South Korea. The partnership worth about $150 billion will be led by South Korean shipbuilders to rebuild the U.S. shipbuilding industry, Koo said. To seek better tariff terms, South Korean officials had sought to woo Trump with a shipbuilding tie-up including repairing the U.S. navy fleet, as Washington struggles to keep up with China's huge naval buildup. "The most noteworthy aspect of today's agreement is the $150 billion South Korea-U.S. shipbuilding cooperation package, so-called MASGA, Make America Shipbuilding Great Again," Koo said. "I think the MASGA project contributed most significantly to today's agreement," Koo told a briefing. Koo and other ministers met U.S. President Donald Trump at the White House to cut a deal to lower tariffs on South Korean imports before an August 1 deadline set by Trump. During their meeting, Trump said he wanted to see ships being built in the U.S. "as quickly as possible" under the partnership, Koo said. The MASGA project includes the construction of new shipyards in the U.S., the training of shipbuilding personnel and U.S. Navy ship maintenance, South Korean government officials say. Challenges remain for Korean investments in U.S. shipyards or building ships there, experts say, including, for example, difficulties obtaining parts such as steel plates. South Korea's defence-to-shipbuilding conglomerate Hanwha Group has been expanding in U.S. shipbuilding. Its affiliates Hanwha Systems and Hanwha Ocean acquired Pennsylvania-based Philly Shipyard for $100 million last year. Shares in shipbuilder Hanwha Ocean ended 13% higher on Thursday, following news of the tariff agreement, including the shipbuilding partnership. But reflecting the impact of taking on the U.S. investment, Hanwha Systems, which owns a 60% stake in Philly Shipyard, reported this week a 60% fall in second-quarter operating profits due to costs from its acquisition of Philly Shipyard. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
