By James Davey LONDON (Reuters) -British discount retailer B&M kept its financial guidance for this year, saying trading had been good in the first weeks of the key Christmas quarter as shoppers look for savings amid a cost-of-living squeeze. With inflation at a 40-year high of 10.1% and consumer confidence close to the gloomiest on …
Discounter B&M sticks to forecasts as Britons hunt Christmas bargains Read More »
MILAN (Reuters) – Telecom Italia said its domestic energy consumption was expected to be flat in 2023, with measures to curb consumption offsetting growing data centre infrastructure and network expansion. In slides alongside a quarterly results presentation, TIM said its domestic energy costs were almost all hedged this year and hedged for around 75% for …
By Michael Shields and Carolyn Cohn ZURICH/LONDON (Reuters) -Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, Europe’s fifth-largest insurer said on Thursday, though it remains on track to beat its 2020-2022 financial targets, helped by premium rate rises. Insurers face potential losses of up to $60 billion from Hurricane Ian, …
Zurich Insurance sees $550 million hit from Hurricane Ian, on track for targets beat Read More »
(Reuters) – Russia does not intend to postpone the sale of bailed-out lender Otkritie to Russia’s second biggest bank VTB, central bank governor Elvira Nabiullina said on Thursday. She said that she is confident the deal will be completed before the end of the year. (Reporting by Reuters. Editing by Jane Merriman)
By Natalie Grover (Reuters) – AstraZeneca on Thursday raised its full-year adjusted earnings forecast after third-quarter profit and revenue topped analysts’ expectations, helped by sales of its key cancer drugs. Oncology is AstraZeneca’s biggest disease area, with cancer drugs accounting for close to 36% of the London-listed drugmaker’s total product sales last year. Sales of …
AstraZeneca tops quarterly estimates buoyed by cancer drugs Read More »
By Victoria Waldersee BERLIN (Reuters) -Auto parts supplier Continental beat expectations on Thursday with a 47% jump in third-quarter operating profit as price hikes and a strong recovery in auto production offset rising energy and logistics costs. Shares in the German company were up more than 4% after it reported adjusted earnings before interest and …
Continental tops profit forecast as price hikes offset costs Read More »
By Gianluca Semeraro MILAN (Reuters) -Leading Italian insurer Generali on Thursday confirmed all targets in its business plan to 2024 after upbeat nine-month results, adding it was able to generate 1 billion euros per year of cash for any potential M&A. In September, sources had said Generali was exploring several potential U.S. acquisition targets in …
Generali sticks to 2024 targets, generates $1 billion per year for M&A Read More »
(Reuters) – Domino’s Pizza Group Plc said on Thursday third-quarter sales across its stores in the UK and Ireland fell, as demand took a hit from higher taxes and fewer people ordered in amid a lack of big-ticket events. However, excluding VAT rates, like-for-like sales rose 2.4%, while overall sales were still above pre-pandemic levels. …
UK’s Domino’s Pizza sales fall as higher taxes hit demand Read More »
By Marc Jones and Ruma Paul LONDON/DHAKA (Reuters) -The International Monetary Fund (IMF) provisionally agreed a $4.5-billion support programme on Wednesday for Bangladesh, with the country’s finance minister saying the deal would help prevent economic instability escalating into a crisis. Bangladesh’s $416-billion economy has been one of the world’s fastest growing for years. But rising …
IMF agrees $4.5 billion Bangladesh support programme Read More »
PRAGUE (Reuters) -CEZ lifted its full-year earnings outlook on Thursday, after the Czech utility posted a threefold rise in adjusted net profit in the third quarter on its way to record earnings for the 12 months as electricity prices soar. The group, 70% owned by the Czech state, posted 18.7 billion crowns ($772.15 million) in …
CEZ raises 2022 record profit outlook as electricity prices rise Read More »
