By Sam Nussey TOKYO (Reuters) -Sony on Wednesday reported a 10% rise in operating profit in the April-June quarter, beating analyst estimates, boosted by its image sensors and games businesses. Profit at the Japanese tech and entertainment conglomerate was 279 billion yen ($1.90 billion), compared with an average estimate of 275 billion yen from seven …
Sony posts 10% profit rise on image sensors, games boost Read More »
BERLIN (Reuters) – Lufthansa Group extended its avoidance of Iranian and Iraqi airspace on Wednesday as Middle East tensions rise, and now will bypass the area up to and including Aug. 13, it said. The German group, which includes carriers Swiss International Air Lines, Austrian Airlines and Eurowings, said it will also suspend flights to …
Lufthansa extends avoidance of Iranian, Iraqi airspace amid tensions Read More »
(Reuters) – Finnish insurer Sampo posted a surprise 22% jump in its second quarter pre-tax profit on Wednesday, boosted by strong premium growth at its main property and casualty (P&C) business If, and despite a higher number of large claims. “Underlying margin development remained positive but headline underwriting profitability was affected by a harsh Nordic …
Finnish insurer Sampo tops Q2 profit forecasts driven by main P&C unit Read More »
LONDON (Reuters) – Britain’s Financial Conduct Authority on Wednesday said that French asset manager H2O will pay 250 million euros ($273 million) to investors unable to access their funds since 2020. “The FCA would have imposed a substantial fine on H2O for its serious breaches. However, the FCA has agreed the firm will make 250 …
UK regulator says H2O fund to pay trapped investors $273 million Read More »
By Mike Scarcella (Reuters) -Elon Musk’s social media platform X on Tuesday sued a global advertising alliance and several major companies, including Mars and CVS Health, accusing them of unlawfully conspiring to boycott the site and causing it to lose revenue. X filed the lawsuit in federal court in Texas against the World Federation of …
Musk’s X accuses advertisers of boycotting platform in new lawsuit Read More »
By Stephanie Hamel and Charlotte Eugenie Yvette Bawol (Reuters) -Supermarket group Ahold Delhaize beat second-quarter core profit margin expectations on Wednesday, supported by solid sales in its U.S. and European markets and cost control. The group, which operates the Stop & Shop, Giant, Food Lion and Hannaford chains in the U.S. and the Albert Heijn …
Supermarket group Ahold Delhaize posts Q2 margin beat, shares rally Read More »
By Yamini Kalia (Reuters) -British inter-dealer broker TP ICAP reported better-than-expected half-year pre-tax profit on Wednesday and said it was considering a U.S. listing for its data and analytics business, sending shares to a more than three-year high. The world’s biggest inter-dealer broker reported a 10% rise in pre-tax profit, just beating market expectations, boosted …
UK broker TP ICAP mulls U.S. listing for data unit, shares soar Read More »
By Leo Marchandon and Matteo Allievi (Reuters) -Dutch lender ABN Amro on Wednesday raised its forecast for full-year net interest income (NII) to 6.4 billion euros ($6.98 billion), after it beat second-quarter estimates, sending its shares 3% higher. ABN Amro’s previous forecast of 6.3 billion euros was in line with 2023 levels. Dutch banking peer …
ABN Amro lifts full-year interest income outlook on higher rates Read More »
By Maggie Fick LONDON (Reuters) – Novo Nordisk on Wednesday trimmed its full-year profit outlook after reporting weaker-than-expected quarterly sales of its popular weight-loss drug Wegovy, stirring worries among investors about stiffening competition from Eli Lilly. The results end a prolonged streak of positive earnings news from the first mover in the obesity drug race …
Novo Nordisk shares slide after rare miss on obesity drug Wegovy sales Read More »
COPENHAGEN (Reuters) -Maersk expects global demand for container shipping to grow more slowly in the next few quarters as market risks persist while the group’s capital expenditure is set to grow faster, it said on Wednesday, sending the company’s shares down. The Danish shipping group is in the process of signing orders for 50 to …
Maersk expects container demand growth to slow, raises investment forecast Read More »
