By Mateusz Rabiega GDANSK (Reuters) -The Polish arm of Spanish lender Santander could pay dividends reaching 100% of annual profits, supported by its results and capital position, but would need the regulator to raise its limits, CEO Michal Gajewski said on Tuesday. In the past year, the bank paid out 4.56 billion zlotys ($1.13 billion) …
Santander’s Polish unit could pay 100% dividend, CEO says Read More »
ROME (Reuters) – ITA Airways will restore flights between Italy and Libya as of next year, Prime Minister Giorgia Meloni said on Tuesday. “I am proud to announce today that ITA Airways will return to connect our two countries as of January 2025,” Meloni told an Italy-Libya business forum in Tripoli. Germany’s Lufthansa in July …
ITA Airways to restore flights between Libya and Italy, Meloni says Read More »
By Virginia Furness, Lawrence White and Sinead Cruise LONDON (Reuters) – HSBC has dropped its chief sustainability officer from its decision-making executive board, the bank confirmed on Tuesday as it released quarterly earnings, sparking concern it could become the latest bank to row back on its climate commitments. As part of a strategic overhaul announced …
HSBC drops sustainability chief from executive committee Read More »
(Reuters) -Finnair, Finland’s national carrier, tightened its annual operating profit forecast range on Tuesday after third-quarter earnings fell from a strong year-ago comparable period, sending its shares down 8% in early trade. The airline now expects comparable earnings before interest and taxes (EBIT) in the range of 120–170 million euros ($130-$184 million) for 2024, compared …
Finnair tightens annual operating profit outlook, shares skid Read More »
LONDON (Reuters) – Finnish battery chemical maker Terrafame has started negotiations with its employees to cut jobs and the number of hours worked as the slowdown in demand for electric vehicles means it has to reduce costs, the company said on Tuesday. Sales of electric vehicles globally have been slowing for months for reasons including …
Terrafame looks to cut jobs as electric vehicle sales slow Read More »
By Paul Sandle LONDON (Reuters) -British education company Pearson reported accelerating growth in its third quarter, boosted by AI and a stronger performance in assessment and qualifications, putting it on track to meet market expectations for the year. It said all of its divisions were up in the quarter, including a return to growth in …
AI helps Pearson grow sales 5% in back-to-school quarter Read More »
LONDON (Reuters) -Adidas has reached an out-of-court settlement with rapper Ye to end all legal proceedings between them, the sportswear brand said on Tuesday, adding that no money changed hands in the agreement. Adidas and Ye had been embroiled in multiple lawsuits for the past two years, since the German company ended a partnership with …
Adidas reaches out-of-court settlement with rapper Ye Read More »
By Marta Serafinko and Natalia Siniawski (Reuters) -Spain’s largest insurer Mapfre reported a 39% jump in net profit in the first nine months of the year as higher prices, more benign weather, and less severe natural disasters lifted the profitability of its non-life business. Mapfre shares were up 4.7% at 0943 GMT after the results …
Spain’s Mapfre profit surges on benign weather, higher prices Read More »
(Reuters) – Shares of Vans maker VF Corp surged 22% in premarket trading on Tuesday after turning a profit following two quarters of losses, prompting investors to bet on a faster-than-expected turnaround at the struggling apparel and footwear maker. The company is in midst of a business revamp under CEO Bracken Darrell that involves focusing …
Vans-owner VF Corp soars 22% as turnaround plan starts to pay off Read More »
By Ludwig Burger FRANKFURT (Reuters) -Novartis raised its 2024 earnings guidance for the third time on Tuesday, buoyed by wider use of its prescription drugs, but its shares fell as the market focused on lower-than-expected sales of a promising radiopharmaceutical. The Swiss drugmaker said it expects full-year core operating income, adjusted for one-off items, to …
Novartis ups yearly outlook but market focuses on disappointing Pluvicto Read More »
