By Paul Sandle LONDON (Reuters) – Vodafone will sell its Spanish business to Zegona Communications for 5 billion euros ($5.30 billion), marking the second major deal by its new CEO and an exit from a market that has dragged on performance for years. Vodafone Chief Executive Margherita Della Valle, who has vowed to reshape the …
Vodafone exits Spain with $5.3 billion sale to Zegona Read More »
FRANKFURT (Reuters) -German chemicals giant BASF on Tuesday mapped out further cost cuts, scaled back investment spending and said 2023 earnings and sales would be at the lower end of its target ranges due to an uncertain global outlook. “The macroeconomic outlook remains extremely uncertain in the current interest rate policy environment and in view …
BASF lays out more cutbacks, sees profit at bottom of target range Read More »
By Polina Devitt, Clara Denina and Mimosa Spencer LONDON/PARIS (Reuters) – The global diamond sector is scrambling to get ahead of an upcoming G7 ban on Russian gems, with consumers and producers battling to manage ever more complex supply chains against a backdrop of sluggish demand. With direct sales of Russian gems already crushed by …
G7 plan to ban Russian diamonds to further dim industry sparkle Read More »
By Stephen Nellis SAN FRANCISCO (Reuters) -Apple on Monday introduced new MacBook Pro and iMac computers and three new chips to power them, with the company saying it had redesigned its graphics processing units (GPU), a key part of the chip where Nvidia dominates the market. The new computers and the M3, M3 Pro and …
Apple revamps Mac lineup and pricing with new family of chips Read More »
By Michal Aleksandrowicz (Reuters) – French construction-to-telecoms conglomerate Bouygues beat nine-month core profit and sales expectations on Tuesday, driven mainly by its energy arm Equans. The results sent shares in Bouygues up 5.8% by 0848 GMT. The diversified group reported a current operating profit from activities of 1.62 billion euros ($1.72 billion) for January to …
France’s Bouygues beats forecasts driven by energy arm Equans Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Germany’s Uniper, which was bailed out during Europe’s energy crisis, swung to a nine-month net profit of 9.77 billion euros ($10.35 billion), boosted by falling gas prices that mean the group no longer expects to make a loss on its purchases. The result reported on Tuesday compares …
Uniper swings to $10 billion net profit as gas prices fall Read More »
By Jesús Aguado MADRID (Reuters) – Spanish banking group BBVA reported a 13% rise in third quarter net profit on Tuesday, thanks to higher lending income in Spain and Mexico. The net profit of 2.08 billion euros ($2.20 billion) was slightly better than 2 billion euros expected by analysts but was somewhat overshadowed by a …
BBVA’s third quarter profit gain overshadowed by provisions and Turkey loss Read More »
(Reuters) -Anheuser-Busch InBev’s shares rose around 2% on Tuesday after it announced a $1 billion share buyback, cheering investors who want to see the world’s largest brewer returning more cash to shareholders while also paying down hefty debts. AB InBev built itself into the behemoth it is today via a series of blockbuster acquisitions that …
Brewer AB InBev’s shares rise on $1 billion buyback Read More »
By Khushi Singh and Siddarth S (Reuters) -The UK’s FTSE 100 ended higher on Monday, as hopes of an interest rate pause by the Bank of England(BoE) at its upcoming policy meeting boosted investor sentiment, while information and analytics firm Ascential jumped on a $1.70 billion deal lifting mid-cap stocks. The exporter-heavy FTSE 100 closed …
FTSE 100 rises on rate pause bets; Ascential jumps on $1.7 billion deal Read More »
(Reuters) – VF Corp withdrew its full-year revenue and profit forecasts on Monday, with demand for its higher-priced apparel and footwear easing as customers turn more cost conscious, especially in the United States. Shares were down 4% in extended trading after VF Corp also reported a lower-than-expected second-quarter profit. High borrowing costs and still-high inflation …
VF Corp withdraws annual forecasts on slowing demand for higher-priced apparel Read More »
