February 20, 2023 12:18 pm
Tesco Plc, the largest retailer in the UK, intends to review its positions in the UK banking sector, which could lead to a sale of its banking unit, according to a Sky News report, citing sources. Yet, the review was at a very preliminary stage and could not result in a formal sale process, the […]
Read moreFebruary 20, 2023 9:38 am
Stellantis is optimistic about the future of its German subsidiary Opel, as it expects the latter will be able to continue operating as a separate brand, Opel CEO Uwe Hochgeschurtz told the Automobilwoche magazine. “I’m happy with the brand and with its array of products,” Hochgeschurtz said in an interview with Automobilwoche. “There is great […]
Read moreFebruary 17, 2023 10:20 am
Spot Gold retreated on Friday and headed for its third consecutive week of losses, after a series of strong macro data revived expectations of further policy tightening by the Federal Reserve. Meanwhile, the US Dollar scaled a fresh six-week high, additionally pressuring Gold prices. Several Federal Reserve officials said this week the bank’s monetary policy […]
Read moreFebruary 16, 2023 11:13 am
Spanish oil major Repsol on Thursday reported an over twofold surge in its fourth-quarter adjusted earnings, driven by high oil and gas prices. However, the company announced a large increase in this year’s capital spending, which sent its shares down more than 3% during Thursday’s session. Repsol’s adjusted net income went up to EUR 2.01 […]
Read moreFebruary 16, 2023 10:07 am
Orange SA (ORAN) on Thursday reported fourth-quarter core operating earnings in line with market expectations, as business strength in Africa and the Middle East outweighed weakness in the company’s struggling enterprise division. Orange’s earnings before interest, tax, depreciation and amortization after leases (EBITDAaL) went up 8.5% year-on-year to EUR 3.45 billion in the quarter ended […]
Read moreFebruary 15, 2023 12:21 pm
Barrick Gold Corporation said on Wednesday that it would undertake a new share buyback program to repurchase additional common shares. Barrick’s board of directors has authorized a new program for the repurchase of up to $1.0 billion of the company’s outstanding common shares during the upcoming 12 months at prevailing market prices. In relation with […]
Read moreFebruary 15, 2023 10:17 am
The shares of Carrefour SA (CARR) surged on Wednesday, after the company announced an 8% dividend raise and the launch of a new share buyback program this year as a result of higher 2022 earnings and record cash flow. “Notwithstanding an inline print, we think the progression of the buyback and dividend will be supportive […]
Read moreFebruary 14, 2023 12:08 pm
Ford Motor Co (F) said on Tuesday that it intended to cut one in nine jobs in product development and administration across Europe as part of a global cost-cutting effort. A total of 3,800 jobs are expected to be cut, including 2,300 at Ford’s Cologne and Aachen facilities in Germany, 1,300 in the United Kingdom […]
Read moreFebruary 14, 2023 9:56 am
USD/JPY edged lower on Tuesday after Kazuo Ueda’s surprise nomination to be the next Bank of Japan governor, while market players were expecting the key US CPI inflation data for more hints on the Federal Reserve’s policy outlook. The Japanese government nominated Kazuo Ueda, a former BoJ policy board member and an academic at Kyoritsu […]
Read moreFebruary 13, 2023 11:17 am
Sanofi said on Monday that John Reed, its Global Head of Research & Development, would be parting ways with the company to pursue a new opportunity elsewhere. “Under John’s leadership, our R&D organization has built a robust pipeline and sharpened its research focus, employing cutting-edge therapeutic platforms and creating a culture that responds to the […]
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