Latest news with #downturn
Yahoo
10 hours ago
- Business
- Yahoo
Dow slashes dividend, reports bigger-than-expected loss; shares fall
(Reuters) -Dow Inc (DOW) reported a bigger-than-expected quarterly loss on Thursday and halved its dividend amid a prolonged industry downturn, sending shares of the chemicals maker down over 7% in premarket trading. Global chemical companies are feeling the pressure to reassess strategies, with higher production costs in the Euro region, lackluster demand and stringent environmental regulations. Quarterly net sales from Dow's packaging and specialty plastics segment, its largest by revenue, fell 8.9% to $5.03 billion from a year earlier. The Michigan-based company reported an adjusted loss of 42 cents per share for the second quarter ended June 30, compared with analysts' average estimate of a loss of 17 cents per share, according to data compiled by LSEG. Dow declared a quarterly dividend of 35 cents per share. 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
Reuters
10 hours ago
- Business
- Reuters
Dow slashes dividend, reports bigger-than-expected loss
July 24 (Reuters) - Dow Inc (DOW.N), opens new tab reported a bigger-than-expected quarterly loss on Thursday and halved its dividend amid a prolonged industry downturn, sending shares of the chemicals maker down over 7% in premarket trading. Global chemical companies are feeling the pressure to reassess strategies, with higher production costs in the Euro region, lackluster demand and stringent environmental regulations. Quarterly net sales from Dow's packaging and specialty plastics segment, its largest by revenue, fell 8.9% to $5.03 billion from a year earlier. The Michigan-based company reported an adjusted loss of 42 cents per share for the second quarter ended June 30, compared with analysts' average estimate of a loss of 17 cents per share, according to data compiled by LSEG. Dow declared a quarterly dividend of 35 cents per share.
CTV News
16-07-2025
- Business
- CTV News
‘A downturn that is really starting to wreck havoc:' New condo sales in GTHA continue decline as developers cancel more projects
Condominiums and the CN Tower are shown along the Toronto skyline on Tuesday, April 25, 2017. THE CANADIAN PRESS/Cole Burston The Greater Toronto and Hamilton Area new condominium market saw just 502 sales in the last quarter, prompting one real estate analysis firm to speak out about what it says is a 'downturn that is really starting to wreak havoc.' The number was included in Urbanation's latest report, released Tuesday. The firm said that the 502 new condominium units that changed hands in the second quarter marks a decline of 69 per cent compared to the same time period last year and represents a 91 per cent drop compared to the 10-year average. 'The market has entered a phase of the downturn that is really starting to wreak havoc. Project cancellations are mounting, construction starts are collapsing, jobs are being lost, buyers are losing a lot of money, and developers are facing difficulties with closings,' Urbanation President Shaun Hildebrand said in an analysis accompanying the data. The GTHA condo market has been sluggish for much of the past year, with a Royal LePage report released earlier this week showing that the median price of a GTHA condominium unit fell 5.6 per cent year-over-year to $699,700. The median price of a single-family detached home decreased 1.2 per cent year-over-year to $1,448,700, according to the same report. Urbanation said in its analysis that four proposed condominium buildings were cancelled in the second quarter alone, bringing the number of cancelled developments since the start of 2024 to 21. The firm said that the cancellations of those projects will result in the loss of 4,412 housing units. Developers also appear to be holding off on new projects, with Urbanation's data suggesting that only three projects started presales this quarter, representing just under 900 units. Inventory levels, however, continue to soar amid soft demand. 'The GTHA had a record-high 2,478 new condominium apartments that were completed and available for purchase from developers as of Q2-2025, a 102 per cent increase from a year ago and more than five times higher than the level from two years ago,' Urbanation said. Note that this figure doesn't fully account for all completed units that were pre-sold but the purchaser has yet to close. Meanwhile, sales by developers in completed new condo projects totalled 131 units in Q2-2025, resulting in 60 months of supply for standing inventory on the market.' The price per square foot of condos also saw a six per cent decline from last year and a 16 per cent drop from two years ago, Urbanation said. In his analysis, Hildebrand said that while an eventual reduction in the completion of new condominium buildings 'should help to alleviate some pressure, the near-term will remain very challenging' for the new condo market.
Yahoo
11-07-2025
- Business
- Yahoo
Helen of Troy Issues Downbeat Outlook as Tariffs Hit First-Quarter Revenue
Helen of Troy (HELE) shares sank Thursday as the consumer products company issued a downbeat second- 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
Yahoo
10-05-2025
- Business
- Yahoo
What to do now before the next stock market crash
The stock market seems to have shaken off the tariff announcements that caused prices to fall sharply. But it's almost certain to crash again at some point and the time to prepare is now. Predicting when the next downturn is going to come is almost impossible. Despite this, there are things investors can do to make sure they're as ready as possible. Share prices might have recovered from the effect of US tariff announcements. But I'm not sure the stock market is entirely out of the woods yet. So far, there hasn't been any sign of the impact of these policies on corporate profits. That, however, is likely to change over the next couple of months. There are no guarantees – and I'm certainly not making predictions – but companies reporting lower profits and lowering guidance is a real possibility. And that could weigh on prices. The strong recovery means anyone who felt uneasy when the market crashed in April now has a chance to get ready for the next downturn. And there are a few ways of doing this. In the last downturn, some stocks held up better than others, which is not at all unusual in a stock market crash. But investors should pay attention to what these might be. Anyone who's concerned about volatility in the near future might want to consider companies like Coca-Cola. While the S&P 500 fell sharply, the stock held up relatively well. The time to consider buying this type of stock, however, isn't when other investors are trying to find safety in a crisis. It's when they aren't thinking about this and are looking elsewhere. Right now, I don't think Coca-Cola looks like exceptional value. But there are some opportunities elsewhere that I think could be useful additions to a portfolio. FTSE 100 consumer products company Unilever (LSE:ULVR) is an interesting stock to consider. It has a lot of the hallmarks of a stock that can be resilient in a volatile stock market. Demand for the firm's products tends to be relatively resilient. It makes things that people need on a day-to-day basis regardless of what's going on in the wider economy. The risk with this type of business is that barriers to entry are low and this can make the space competitive. That means it's important for a company to find a way to differentiate itself. Unilever looks to do this with strong brands and wide distribution. These give the firm a big advantage when it comes to negotiating with retailers, which sets it apart from its rivals. Over the long term, having a strong competitive position in a durable and growing industry is valuable. And this is what makes Unilever attractive from an investment perspective. I think it's also an interesting stock for investors to consider as a way of preparing for the next stock market crash. I'm certain there's going to be another one, the only question is when. The time for investors to figure out how to prepare for this, though, isn't when it's already happening. With share prices having more or less recovered, the time is now. The post What to do now before the next stock market crash appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Stephen Wright has positions in Unilever. The Motley Fool UK has recommended Unilever. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
