By Tristan Veyet (Reuters) -Erste Group said on Friday it would return cash to shareholders through an annual dividend and a share buyback programme, but the amount disappointed some analysts, sending the Austrian lender’s shares lower. The company said it would pay out 41.2% of its 2024 adjusted net profit as dividends and 23.7% via …
Austria’s Erste Group announces dividend, share buyback, shares fall Read More »
By Kalea Hall DETROIT (Reuters) – General Motors has spent billions over decades trying to blaze an electric trail, releasing pioneering EVs and hybrids that ultimately failed to achieve mass-market sales before being scrapped. This time might be different. Last year, the U.S. auto-sales leader boosted electric vehicle sales and seized market share from the …
GM’s electric gains face critical test as Trump targets EV subsidies Read More »
By Rae Wee and Brigid Riley SINGAPORE (Reuters) – Bitcoin hit its lowest since November and was set for its biggest weekly fall in over two years, swept up in a sell-off in tech stocks at a time when a $1.5 billion hack and doubts about U.S. crypto policy has left industry sentiment fragile. The …
Bitcoin set for biggest weekly fall since FTX collapse in 2022 Read More »
(Reuters) – Italian payments group Nexi on Friday posted a 7% year-on-year rise in 2024 core profit to 1.86 billion euros ($1.93 billion), in line with a company-provided consensus. Nexi’s stock rose by as much as 10.5%, on track for the biggest daily gains since November 2023 and among the best performers on the pan-European …
Nexi core profit jumps 7%, aims to return 600 million euros to shareholders in 2025 Read More »
By Elizaveta Gladun and Marleen Kaesebier (Reuters) – Sunrise Communications posted a small rise in 2024 core profit on Friday, aided by cost control and customer growth, and said it aimed to further grow its share of the Swiss telecoms market after its spin-off from Liberty Global. Sunrise has seen rapid growth since it was …
Sunrise Communications targets further Swiss growth after spin-off Read More »
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) – BASF on Friday predicted slight growth in adjusted operating income of up to 6.9% this year, as it seeks to slash costs in Europe while facing slow global demand and start-up expenses at a new chemical complex in China. The German chemicals giant predicted 2025 earnings …
BASF banks on cost discipline amid global demand uncertainty Read More »
(Reuters) – Global equity funds witnessed sharp inflows in the week through February 26, spurred by sustained expectations of rate cuts later this year, which were bolstered by weaker economic data reported during the week. LSEG Lipper data shows global equity funds saw a net $28.3 billion worth of inflows during the week, the highest …
Global equity funds draw big inflows overlooking tariff concerns Read More »
By Paul Sandle LONDON (Reuters) – Shares in Pearson hit a 10-year high after the British education company reported a 10% rise in full-year adjusted operating profit, the top of its expectations, and said deploying AI would help deliver more growth in 2025. Chief Executive Omar Abbosh said the adoption of AI was building good …
AI helps drive Pearson’s shares to 10-year high after profit jumps Read More »
By Alban Kacher and Anna Peverieri (Reuters) – Dutch geological data specialist Fugro has restarted multiple projects in the U.S. hydrocarbon and LNG sectors since Donald Trump’s election and is optimistic about offshore wind development in Asia and Europe, its CEO told Reuters on Friday. Mark Heine said the U.S. government had issued licenses put …
Geo-data firm Fugro says US hydrocarbon and LNG projects resumed after Trump win Read More »
By Tommy Reggiori Wilkes and Hannah Lang LONDON/NEW YORK (Reuters) – Cryptocurrency prices are down sharply in recent weeks and not expected to rebound soon, with some of the biggest digital currencies erasing nearly all of the gains they made after Donald Trump’s election win triggered a wave of excitement across the industry. Some analysts …
Crypto prices tumble as Trump-fuelled euphoria fades Read More »
