BERLIN (Reuters) -Mercedes-Benz on Thursday posted first-quarter group adjusted return on sales of 14.8%, above market expectations, boosted by higher prices and strong demand. “Mercedes-Benz Cars delivered an adjusted return on sales of 14.8%, due to healthy net pricing, higher sales and a good product mix,” the carmaker said in a statement. Analysts expected an …
Mercedes-Benz reports Q1 adjusted return on sales of 14.8% Read More »
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said she is insisting that next steps in the World Bank’s evolution be taken in coming months, including potential changes to allow the bank’s private sector and poor country lending arms to lend to sub-sovereign entities like cities and regional authorities. Yellen told Reuters …
Yellen wants more World Bank reforms in coming months, eyes subnational lending Read More »
OTTAWA (Reuters) -Canada has agreed to provide up to C$13 billion ($9.7 billion) in subsidies and a C$700 million grant to lure Volkswagen AG into building its North American battery plant in the country, a government source said on Thursday. The total Canadian investment, which could also include funds from the Ontario government, will largely …
Canada offering more than C$13 billion for VW battery plant – govt source Read More »
COPENHAGEN (Reuters) -Eight employees of a Danish power trading company will be held in police custody for the next four weeks while suspicion of market manipulation is investigated, a court in the city of Aarhus ruled on Thursday. All eight suspects had pleaded not guilty earlier in the day, Danish news agency Ritzau reported. Denmark’s …
Power traders remanded in custody in Danish market manipulation case Read More »
By Shristi Achar A and Johann M Cherian (Reuters) – The UK’s FTSE 100 index closed slightly up on Thursday as a jump in shares of consumer conglomerate Melrose offered just enough of a boost to overshadow falls in commodity-linked sectors. Melrose Industries Plc surged 21.7% to hit a more than three-year high after it …
FTSE 100 ends higher as Melrose gains outweigh commodity stocks drag Read More »
(Reuters) -Britain’s Competition and Markets Authority said on Thursday that Australian hearing device maker Cochlear’s purchase of Demant’s hearing implants business could hurt competition and mean higher prices for the National Health Service. The proposed 850 million Danish crown ($125 million) deal between two of the biggest players in Britain’s hearing implant market could lead …
UK watchdog says Cochlear’s Oticon Medical deal could harm market Read More »
LONDON (Reuters) -Britons starting new private-sector housing tenancies spent an average of 26.8% of their income on rent in March, up from 26.6% a year earlier and 25.0% in March 2019, according to figures released by the Office for National Statistics on Thursday. “Rent is now less affordable than it was in 2019; however, it …
UK rental housing less affordable than in 2019, ONS says Read More »
MILAN (Reuters) – Banco BPM will work on updating its strategic plan in the coming months and is confident it can improve its financial goals, Chief Executive Giuseppe Castagna said as shareholders prepare to hand him another mandate. Castagna, who has led Banco BPM since the 2017 merger that created Italy’s third-largest bank, is set …
Banco BPM to work on revising business plan, improve targets Read More »
(Reuters) – Evonik’s new Chief Financial Officer Maike Schuh sees a wide range of potential investors for the German firm’s superabsorbents division, she said on Wednesday evening. The chemicals maker put its superabsorbents business, which makes materials for diapers and hygiene products, on sale two years ago. Companies in the chemicals industry, as well as …
Evonik’s new CFO sees many bidders for diaper materials arm sale Read More »
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog said on Thursday it would use new, tougher consumer protection powers from July 31 to ensure banks pass on increases in interest rates to savers, and further action was not ruled out. The Financial Conduct Authority (FCA) will begin phasing in its “consumer duty” from July …
UK watchdog to ensure savers benefit from interest rate rises Read More »
