(Reuters) – Italian asset manager Azimut Holding said on Wednesday it expects a 2021 net profit of between 600 and 605 million euros ($681.7-687.3 million), pushing shares up over 3% by 1150 GMT. The company, which had guided for a 2021 net profit in range of 350-500 million euros, said the new estimate would point …
Italy’s Azimut sees 2021 net profit to top guidance at 600-605 million euros Read More »
LONDON (Reuters) -Centrica, the owner of British Gas, said natural gas prices will remain high for up to two years so the government should target help towards the poorest customers who will struggle with a 50% rise in heating bills. A rapid rise in gas prices in Europe in 2021 has sent power prices soaring, …
Centrica CEO: Brace for high energy bills for two years Read More »
By Mike Dolan LONDON (Reuters) -If the world’s big central banks are convinced the economic emergency is over and policy should start to return to pre-pandemic settings, the ECB is likely to beat the Fed to it. Facing the highest inflation rates in decades, caused mainly by the distortions and bottlenecks related to rapidly reopening …
Like Tortoise vs Hare, ECB may ‘normalize’ before Fed :Mike Dolan Read More »
BERLIN (Reuters) – Germany could shut down Telegram if the messenger service popular with far-right groups and people opposed to pandemic-related restrictions continues to violate German law, Interior Minister Nancy Faeser said in remarks published on Wednesday. “We cannot rule this out,” she told Die Zeit weekly. “A shutdown would be grave and clearly a …
Germany doesn’t rule out closing Telegram – interior minister Read More »
LONDON (Reuters) – British homewares and furniture retailer Dunelm reported record Christmas sales on Wednesday, putting it on track to soundly beat profit forecasts and lifting its shares. The company, which has 176 stores and an online operation, reported sales of 407 million pounds ($555 million) for the 13 weeks to Dec. 25, its second …
UK’s Dunelm lifts profit forecast after record Christmas Read More »
By Pushkala Aripaka (Reuters) -Premier Inn owner Whitbread continues to expect sales at its UK hotels to return to pre-pandemic levels during 2022 even though the spread of Omicron coronavirus variant has affected bookings recently, the company said on Wednesday. The London-listed company, which also owns steakhouses Beefeater and Bar+Block, said overall sales rose 5% …
Premier Inn owner Whitbread remains upbeat about UK sales recovery Read More »
FRANKFURT (Reuters) -Germany asked its banks on Wednesday to set aside around 22 billion euros ($25 billion) of extra capital by next year as the economy has largely recovered from the pandemic and a growing property bubble threatens the stability of the financial sector. Regulators cut extra buffer requirements to zero at the onset of …
Germany asks banks to build buffers as property market heats up Read More »
BERLIN (Reuters) – Austria’s central bank (OeNB) said on Wednesday it expects inflation in the country to rise in 2022 thanks to high energy prices and supply bottlenecks and only start dropping in 2023-2024. Consumer prices, harmonised to make them comparable with data from other European Union countries (HICP), look set to rise to 3.2% …
Austrian central bank raises 2022 inflation forecast Read More »
LONDON (Reuters) – British supermarket group Sainsbury’s cut prices on key product lines by the most in the market in its Christmas quarter to Jan. 8, its boss said on Wednesday. “It’s clear that the market has some inflation in it. Actually in the quarter what you’ll see on the 100 highest volume lines for …
Sainsbury’s cut prices more than rivals in the Christmas quarter, says CEO Read More »
AMSTERDAM (Reuters) – Philips, the maker of medical equipment, warned on Wednesday that its fourth quarter sales would be about 4.9 billion euros, or 350 million lower than forecast, because of supply chain shortages. “We are closely working with suppliers and governments to address the shortages in the healthcare supply chain and ensure they recognize …
Philips warns Q4 sales will be 350 million euros less than forecast Read More »
