MOSCOW (Reuters) -Russia’s parliament said on Thursday that any seizure of Russian assets by the European Union must be met by legal action against Belgium and Euroclear, the Belgium-based depository where the immobilised assets are held. In a resolution, it also proposed using assets of non-residents from “unfriendly countries” to compensate for losses imposed on …
ZURICH (Reuters) -UBS aims to keep operating out of Switzerland, but current capital proposals by the Swiss government are not acceptable to the bank, CEO Sergio Ermotti said on Thursday. “We want to be a Swiss bank,” he said in response to a question on whether the bank could move its headquarters elsewhere. However, new …
UBS CEO calls for compromise over Swiss capital rules Read More »
GDANSK (Reuters) -Polish energy group Orlen’s chief executive Ireneusz Fafara said on Thursday he was optimistic about the company’s arbitration case against U.S. liquefied natural gas supplier Venture Global. “After meeting with our lawyers, we are quite optimistic about our chances,” Fafara told a press conference after the group published its quarterly earnings report, adding …
Orlen CEO optimistic about Venture Global arbitration after BP wins similar case Read More »
FRANKFURT (Reuters) -Deutsche Bank CEO Christian Sewing pledged that the lender’s key profit target – so-called return on tangible equity – will increase year-on-year in 2026, as well as in the following years. Sewing, speaking at a financial conference organised by JPMorgan, also said the bank’s important fixed-income and currency business will eventually become fifth-ranked …
Deutsche Bank CEO pledges key profit target to rise each year Read More »
By Ludwig Burger and Bhanvi Satija FRANKFURT (Reuters) -Swiss drugmaker Novartis on Thursday forecast sales growth of 5% to 6% per year to 2030, on a currency-adjusted basis, as higher forecast peak sales for cancer drugs Kisqali and Scemblix offset losses from expiring patents. Shares of the company rose about 1% in early trade. They …
By James Davey LONDON (Reuters) -British sportswear retailer JD Sports Fashion forecast annual profit at the lower end of market expectations, saying it was mindful of recent weak economic and consumer indicators in its key markets. The FTSE 100-listed group, which makes nearly 40% of its revenue in the U.S. through its JD Sports, Hibbett, …
JD Sports sees profit at lower end of forecasts amid weak consumer trends Read More »
(Reuters) -Johnson Matthey said on Thursday that finance chief Richard Pike will take on a new role as chief operating officer, as the British chemicals company streamlines top management to sharpen business focus. Pike will hand over the reins to insider Alastair Judge, who shall assume the role of chief financial officer from January 1. …
Johnson Matthey names finance chief Richard Pike as COO in management shakeup Read More »
BERLIN (Reuters) -Employment in Germany’s struggling automotive sector is at its lowest level in more than a decade following the elimination of tens of thousands of jobs, said the federal statistics office. The automotive industry, including parts makers, recorded 721,400 employees at the end of September, the smallest figure since 718,000 in mid-2011, according to …
Employment in German auto sector at lowest level in over a decade Read More »
(Reuters) -British health and safety device maker Halma raised its annual revenue growth forecast on Thursday after reporting a surge in half-year profit, fuelled by strong U.S. demand for its photonics products used in data centre construction. Data centers have been at the core of the expansion of artificial intelligence infrastructures, with companies in the …
Halma lifts annual revenue forecast on strong US data centre demand Read More »
(Reuters) -Edenred said on Thursday it had partnered with Tesla to add the U.S.-based electric carmaker’s Supercharger station network to its own fleet of charging products, as the French benefits provider expands its electromobility presence in Europe. The company, which provides corporate benefits including payment cards and vouchers, said its users would have access to …
France’s Edenred adds Tesla chargers to its European electromobility network Read More »
