(Reuters) – BHP Group, the world’s top miner, is mulling a sale of Brazilian copper and gold assets it took over as part of the buyout of smaller peer Oz Minerals, Bloomberg News reported on Wednesday, according to people familiar with the matter. BHP, which recently abandoned plans to buy out British multinational miner Anglo …
BHP mulling sale of gold, copper mines in Brazil, Bloomberg News reports Read More »
(Reuters) – Germany’s Allianz said on Wednesday that it will buy back additional treasury shares in a volume of up to 500 million euros ($546.25 million). The company has expanded the total volume of the share buybacks in the financial year 2024 to a total of 1.5 billion euros after the 500 million euro increase, it said in a statement. (Reporting …
Germany’s Allianz to buy back up to $546 million in shares Read More »
By Alexander Hübner BERLIN (Reuters) -Siemens’ supervisory board aims to speed up the transition to a technology-focused enterprise by expanding its management board to seven members from five, the company said on Wednesday. Peter Koerte, head of strategy and technology, and Veronika Bienert, head of Siemens Financial Services, will join the management board on Oct. …
Siemens expands management board as focus shifts to AI Read More »
By Sam Nussey TOKYO (Reuters) -Sony on Wednesday reported a 10% rise in operating profit in the April-June quarter, beating analyst estimates, boosted by its image sensors and games businesses. Profit at the Japanese tech and entertainment conglomerate was 279 billion yen ($1.90 billion), compared with an average estimate of 275 billion yen from seven …
Sony posts 10% profit rise on image sensors, games boost Read More »
BERLIN (Reuters) – Lufthansa Group extended its avoidance of Iranian and Iraqi airspace on Wednesday as Middle East tensions rise, and now will bypass the area up to and including Aug. 13, it said. The German group, which includes carriers Swiss International Air Lines, Austrian Airlines and Eurowings, said it will also suspend flights to …
Lufthansa extends avoidance of Iranian, Iraqi airspace amid tensions Read More »
(Reuters) – Finnish insurer Sampo posted a surprise 22% jump in its second quarter pre-tax profit on Wednesday, boosted by strong premium growth at its main property and casualty (P&C) business If, and despite a higher number of large claims. “Underlying margin development remained positive but headline underwriting profitability was affected by a harsh Nordic …
Finnish insurer Sampo tops Q2 profit forecasts driven by main P&C unit Read More »
LONDON (Reuters) – Britain’s Financial Conduct Authority on Wednesday said that French asset manager H2O will pay 250 million euros ($273 million) to investors unable to access their funds since 2020. “The FCA would have imposed a substantial fine on H2O for its serious breaches. However, the FCA has agreed the firm will make 250 …
UK regulator says H2O fund to pay trapped investors $273 million Read More »
By Mike Scarcella (Reuters) -Elon Musk’s social media platform X on Tuesday sued a global advertising alliance and several major companies, including Mars and CVS Health, accusing them of unlawfully conspiring to boycott the site and causing it to lose revenue. X filed the lawsuit in federal court in Texas against the World Federation of …
Musk’s X accuses advertisers of boycotting platform in new lawsuit Read More »
By Stephanie Hamel and Charlotte Eugenie Yvette Bawol (Reuters) -Supermarket group Ahold Delhaize beat second-quarter core profit margin expectations on Wednesday, supported by solid sales in its U.S. and European markets and cost control. The group, which operates the Stop & Shop, Giant, Food Lion and Hannaford chains in the U.S. and the Albert Heijn …
Supermarket group Ahold Delhaize posts Q2 margin beat, shares rally Read More »
By Yamini Kalia (Reuters) -British inter-dealer broker TP ICAP reported better-than-expected half-year pre-tax profit on Wednesday and said it was considering a U.S. listing for its data and analytics business, sending shares to a more than three-year high. The world’s biggest inter-dealer broker reported a 10% rise in pre-tax profit, just beating market expectations, boosted …
UK broker TP ICAP mulls U.S. listing for data unit, shares soar Read More »
