By Inti Landauro MADRID (Reuters) -Spanish telecom company Telefonica said on Thursday it booked a non-cash 314 million-euro ($337.4 million) writedown on the value of its Peruvian unit in the third quarter though it is still on track to meet its financial targets for the year. The deteriorating outlook for the Peruvian economy, tougher competition …
Telefonica writes down Peru unit though keeps 2024 targets Read More »
By Paul Sandle LONDON (Reuters) – BT will have to find 100 million pounds next year to offset tax increases, adding to the pressure on Chief Executive Allison Kirkby to grow earnings in a tough telecoms market that led to a first-half revenue miss. Britain’s biggest broadband and mobile company cut its full-year revenue forecast …
UK budget hit adds to pressure on BT’s CEO to lift profit Read More »
By Richa Naidu LONDON (Reuters) – Procter & Gamble and Unilever are among big packaged goods companies that would be exposed if U.S. President-elect Donald Trump goes ahead with a threat to impose tariffs on Mexico, data seen exclusively by Reuters shows. Trump warned days before his win against Democrat nominee Kamala Harris that he …
Exclusive-Unilever, Procter & Gamble face risk from Trump’s threatened Mexico tariffs Read More »
(Reuters) -Italy’s Banca Generali on Thursday reported a 23% rise in its third-quarter net profit, above market expectations, mainly driven by increased demand for managed solutions. The private bank controlled by Italy’s top insurer Generali said its net profit rose to 99.1 million euros ($106.7 million) in the quarter, beating a company-provided consensus of 95.5 …
Italy’s Banca Generali posts 23% jump in Q3 profit, above expectations Read More »
BERLIN (Reuters) -Heidelberg Materials, the world’s second-largest listed cement maker, on Thursday raised its 2024 outlook due to a strong performance in North America and efficiency measures across key markets, sending its shares to a record high. The German building materials company now expects the result from current operations for the 2024 financial year to …
Heidelberg raises outlook on North America boost, shares hit record high Read More »
(Reuters) – AngloGold Ashanti rebounded to a third-quarter profit on higher gold prices, after suffering a loss in the corresponding period due to restructuring costs and other one-off factors, the miner said on Thursday. The gold miner reported headline earnings of $236 million in the quarter to Sept. 30, compared to a headline loss of …
AngloGold Ashanti Q3 earnings rebound on higher gold price Read More »
By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s central bank on Thursday rebuffed complaints from businesses about high interest rates pushing up financing costs, stating that labour shortages were the reason why investment growth was slowing across the economy. The Bank of Russia last month hiked its key rate by 200 basis points to 21%, the …
Russian central bank blames labour shortages, not high rates, for investment slowdown Read More »
(Reuters) – German plastics and chemicals maker Covestro said on Thursday its management and supervisory boards support Abu Dhabi National Oil Company’s (ADNOC) $16.3 billion takeover offer. “The offer made by ADNOC International therefore provides shareholders with an attractive opportunity to realize significant value already upon completion of the transaction,” the company said in a …
LONDON (Reuters) – The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government’s first budget. Its Monetary Policy Committee (MPC) voted 8-1 to cut rates to 4.75% from 5%, a stronger …
Bank of England cuts rates again, sterling higher Read More »
By Jennifer Rigby LONDON (Reuters) – The world’s biggest food and beverage companies on average sell products in low-income countries that are less healthy than what they sell in high-income countries, according to a new report. Products sold by companies including Nestle, Pepsico and Unilever were assessed as part of a global index published by …
Food companies sell products that are less healthy in poorer countries, says report Read More »
