By Agnieszka Flak MILAN (Reuters) – The founding family and largest shareholder in Italy’s Tod’s said it would spend up to 338 million euros ($344 million) to buy out other investors in the luxury goods brand and take it private, aiming to spur its revival. The Della Valle brothers said in a statement their holding …
Tod’s owners to launch $344 million bid to take it private Read More »
By Carolyn Cohn LONDON (Reuters) -Hiscox is committed to a planned insurance consortium providing cover for ships travelling through a safe passage from Ukraine, its chief executive said on Wednesday, as the Lloyd’s of London insurer shares plunged on a first-half loss. The first grain-carrying ship to leave Ukrainian ports in wartime, following a deal …
Lloyd’s of London’s Hiscox to provide insurance for Ukraine grain corridor Read More »
By George Georgiopoulos ATHENS (Reuters) – Piraeus Bank on Wednesday reported lower net earnings in April-to-June compared to the first quarter on comparatively lower trading income, but raised its guidance for the full year as new loan disbursements topped targets. Greece’s fourth-largest lender by market value reported net earnings from continued operations of 92 million …
Piraeus Bank profitable in Q2, ups guidance as loan book expands Read More »
(Reuters) – British asset manager and insurer M&G said on Wednesday it would acquire financial advice provider Continuum, as it looks to beef up its wealth business that provides insights, tools, and data to finance professionals. M&G said it is taking an initial 49.9% stake in the business this year with a scheduled agreement to …
Britain’s M&G to buy financial advice firm Continuum Read More »
By Sabrina Valle (Reuters) -Occidental Petroleum Corp posted a rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices. The company’s net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with a $97 million loss, …
Occidental Petroleum posts $3.6 billion profit, resumes buybacks Read More »
By Yuvraj Malik and Jane Lanhee Lee (Reuters) -Advanced Micro Devices Inc on Tuesday forecast third-quarter revenue slightly below Wall Street estimates, and the chip designer’s shares fell 5%. The company expects revenue of $6.7 billion, plus or minus $200 million, for the current quarter compared to analysts’ estimate of $6.82 billion, according to IBES …
AMD forecasts current-quarter revenue largely below estimates Read More »
(Reuters) -Shares of PayPal Holdings surged in extended trading on Tuesday after it said Elliott Investment Management has an over $2 billion investment in the company and also raised its annual profit guidance. PayPal’s shares shot up nearly 12% after market close, on the back of Elliot becoming one of its largest shareholders and the …
PayPal shares jump on Elliot’s $2 billion stake, annual profit guidance raise Read More »
By Deborah Mary Sophia and Hilary Russ (Reuters) -Starbucks Corp beat Wall Street estimates for quarterly profit on Tuesday as higher prices and strong demand for its coffees in the United States helped offset a hit to business in China from renewed COVID-19 lockdowns. The Seattle-based chain earned 84 cents per share on an adjusted …
Starbucks beats profit estimates despite hit to China business Read More »
By Aby Jose Koilparambil (Reuters) -A top-ten shareholder in Purplebricks Group Plc on Tuesday called for the removal of Chairman Paul Pindar, hours after Britain’s biggest online-only estate agency reported its first annual loss since the pre-pandemic 2019 fiscal year. Pindar has held the non-executive chairman’s position since December 2015, when Purplebricks got listed on …
Purplebricks shareholder Lecram calls for chairman’s ouster Read More »
By Orhan Coskun and Can Sezer ISTANBUL (Reuters) -The first grain-carrying ship to leave Ukrainian ports in wartime safely anchored off Turkey’s coast on Tuesday, while a senior official said Ankara expects roughly one grain ship to depart from Ukraine every day as long as the export agreement holds. The first ship, the Razoni, carrying …
First grain ship to leave Ukraine anchors off Turkish coast Read More »
