By Lawrence White and Iain Withers LONDON (Reuters) -Barclays laid out a three-year plan to revive its flagging share price on Tuesday, including axing 2 billion pounds of costs, returning 10 billion pounds ($12.6 billion) to shareholders and investing in its high-returning UK bank. The British bank’s shares rose by as much as 7% after …
Barclays focuses on Britain, cost cuts, buybacks to win over investors Read More »
(Reuters) – Singapore Airlines Ltd (SIA) reported a 4.9% jump in its quarterly net profit on Tuesday, boosted by a strong air travel demand in key markets. The city-state’s national carrier reported a net profit of S$659 million ($489.82 million) in the third-quarter ended Dec. 31, compared with S$628 million a year ago. Analysts, on …
(Reuters) – Goldman Sachs said on Tuesday that it now expects the Bank of England to deliver an interest rate cut in June, revising its prior forecast of May, citing a resilient labor market and mounting pressures from wage growth. British wages grew at the weakest pace in more than a year at the end …
Goldman Sachs pushes back BoE rate-cut forecast to June Read More »
FRANKFURT (Reuters) – Bayer AG’s shares slid in volatile trading on Tuesday after the drugmaker said it would slash its dividend over the next three years to reduce its debt. Bayer said late on Monday it would propose a dividend of 0.11 euro ($0.12) for 2023, part of a three-year policy to pay out the …
Bayer shares slip on dividend cut to tackle debt burden Read More »
MADRID (Reuters) – Short-seller fund Gotham City Research on Tuesday issued a second report on Grifols, maintaining some of its questions over the Spanish pharmaceutical company’s accounting practices. Gotham City’s new report focuses on the links between Grifols and Scranton Enterprises NV, an investment vehicle partly linked with the Grifols’ founding family. The short seller …
Gotham City issues new report on Grifols, maintains questions over accounting practices Read More »
(Reuters) – The UK’s commodity-heavy FTSE 100 edged lower on Tuesday dragged by base metal miners on weaker copper prices, although losses were capped by the gains in Barclays after the British lender unveiled its overhauling plans. The FTSE 100 index was down 0.1%, as of 0817 GMT, while the mid-cap FTSE 250 shed 0.3%. …
Miners drag FTSE 100 lower; Barclays jumps on overhauling plans Read More »
COPENHAGEN (Reuters) – Farmers’ cooperative Arla Foods, one of the world’s biggest dairy firms, on Tuesday reported flat 2023 sales as consumers opted for discounted products but said it expects positive momentum in the second half of the year to continue in 2024. “We have navigated a deflated and volatile global dairy market as well …
Dairy firm Arla posts flat 2023 sales as consumers opt for discounted products Read More »
(Reuters) – Online trading platform Plus500 announced shareholder payouts worth $175 million in buybacks and dividends on Tuesday, after it beat annual profit expectations on record high customer deposits and a growing global presence. Israel-based Plus500 operates a trading platform for financial products including shares, exchange-traded funds (ETFs), indices, commodities and currencies across 60 markets …
Plus500 to return $175 million to shareholders after beating FY profit view Read More »
KYIV (Reuters) – Ukraine’s energy ministry said the country planned to export a high volume of power on Tuesday, taking advantage of lower domestic consumption due to mild weather. The country began electricity exports on the eve of the Russian invasion in 2022, but halted them after numerous Russian attacks on its power grid and …
Ukraine plans large power exports on Tuesday, ministry says Read More »
LONDON (Reuters) – Britain’s antitrust regulator said it would scrutinise the country’s infant formula market after prices soared by 25% over the last two years. The rising cost of baby milk formula has been in the spotlight during Britain’s inflation-driven cost of living crisis, with media reports saying that some struggling parents have watered it …
