Ametek cuts 2024 profit forecast on slowing demand

Industrial technology solutions provider Ametek cut its annual profit forecast on Thursday, as high borrowing costs and sticky inflation force its customers to delay project expenses.

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Ametek cuts 2024 profit forecast on slowing demand  Industrial technology solutions provider Ametek cut its annual profit forecast on Thursday, as high borrowing costs and sticky inflation force its customers to delay project expenses.

JetBlue to buy sustainable jet fuel for use at New York airport  JetBlue Airways said on Wednesday it agreed to procure sustainable aviation fuel (SAF) from a unit of U.S. refiner Valero Energy Corp , which would be distributed by energy firm World Kinect , for use in flights from New York's airport.

Maersk lifts its full-year guidance again  Shipping company Maersk on Thursday raised its full-year guidance on the back of strong container market demand and the crisis in the Red Sea.

Bank of England cuts rates from 16-year high, 'careful' on future moves  The Bank of England cut interest rates from a 16-year high on Thursday after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently.

Hershey trims annual forecasts as higher prices dent demand  Hershey cut its annual profit and sales forecasts on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending for its candy and chocolates.

NYSE-parent ICE second-quarter profit rises on robust trading  Intercontinental Exchange reported a rise in second-quarter profit on Thursday, helped by a strong performance in its exchanges business as trading remained strong.

Labcorp beats Q2 profit and revenue estimates on demand for health tests  Labcorp beat Wall Street expectations for second-quarter profit and revenue on Thursday on strong demand for its diagnostic tests, and raised its sales growth forecast for the year.

Ball Corp's second-quarter profit beats as cost savings pay off  Ball Corp reported a second-quarter profit on Thursday that beat analysts' estimates as the beer can maker benefited from cost-reduction plans and lower input costs.

VIEW Bank of England cuts rates from 16-year high  The Bank of England cut interest rates from a 16-year high on Thursday after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently, which initially dented the pound.

Occidental says Ecopetrol will not buy stake in CrownRock  Occidental Petroleum said on Thursday that Colombian firm Ecopetrol will not acquire a stake in its CrownRock assets.

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