Latest news with #profitGrowth
Bloomberg
02-06-2025
- Business
- Bloomberg
Activist Browning West Leads CAE to Reset With New CEO Bromberg
Investment firm Browning West LP says flight simulator company CAE Inc. should be able to double its profit over the next three to four years under the direction of a new chief executive officer. CAE hired Northrop Grumman executive Matthew Bromberg to run the company and named former Air Canada CEO Calin Rovinescu as executive chair in a revamp of its leadership team. The shares jumped more than 4%.
CNA
07-05-2025
- Business
- CNA
Fanduel owner cuts US profit forecast on gamblers' winning streak
DUBLIN :Fanduel-owner Flutter cut its forecast for full-year U.S. profit growth on Wednesday after a winning streak for gamblers hit earnings at the world's largest online betting company for the second quarter in a row. Bookmakers tend to suffer when favourites win and Flutter expects U.S. core profit to be $180 million lower this year at $1.13 billion due to an unprecedented run of bettor-friendly results during the March Madness college basketball tournament. Flutter nudged up its group-wide profit forecast to $3.18 billion from $3.16 billion in March following a $100 million positive foreign currency impact and a $120 million acquisition contribution not included previously.
