Reuters UK Business

(Reuters) – European stocks inched higher on Friday, supported by strong corporate earnings and the likelihood of a de-escalation in tensions between Washington and Moscow on their standoff over Ukraine. The pan-European STOXX 600 index rose 0.2% by 0820 GMT, with gains in automakers and miners offsetting losses in technology stocks. U.S. and European stock …

European stocks rise on earnings boost, easing Ukraine tensions Read More »

(Reuters) – UK shares rose on Friday after a potential Russia-U.S. meeting spurred hopes of a diplomatic solution to the standoff over Ukraine and strong retail sales data for January offered some respite after December’s dismal performance. The blue-chip FTSE 100 gained 0.3% at 0805 GMT but was still headed for its worst week in …

FTSE 100 rises but heads for worst week in three months Read More »

PARIS (Reuters) -Clotilde Delbos will step down as Renault’s chief finance officer, she told analysts on Friday, to focus on leading the group’s Mobilize unit. After six years as finance chief Delbos will be replaced by Thierry Pieton, her deputy, from March 1. “Clotilde Delbos will mainly focus on her role as CEO of the …

Renault CFO Delbos steps down to steer its Mobilize EV brand Read More »

By Valentine Baldassari (Reuters) -Ubisoft, the maker of the blockbuster “Assassin’s Creed” video game franchise, said on Thursday it expected to post full-year results at the lower end of its guidance despite seeing growth in its current fourth quarter. “We can still achieve the high side of (the guidance) because we have a lot of …

‘Assassin’s Creed’ maker Ubisoft sees FY results at lower end of guidance Read More »

By Tom Sims and Alexander Hübner FRANKFURT (Reuters) -German insurer and asset manager Allianz on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to deal with investigations and lawsuits resulting from the collapse of a multi-billion-euro set of investment funds. The provision resulted in a net loss attributable to shareholders of 292 …

Allianz books $4.2 billion hit in investment fund case, says more may come Read More »

By Sergio Goncalves LISBON (Reuters) -Portugal’s largest utility, EDP-Energias de Portugal, on Thursday reported an 18% drop in 2021 net profit to 657 million euros ($747 million) due mainly to one-off costs, including impairments on thermal assets in Iberia. It said such non-recurring negative effects totalled 169 million euros. Its recurring net profit rose 6% …

Profit at Portugal’s biggest utility down 18% on one-off costs Read More »

(Reuters) -French outsourcing and call centre group Teleperformance on Thursday said it expected lower growth in 2022, due to a decrease in contributions from COVID-related contracts. Teleperformance, which employs more than 420,000 call centre workers worldwide, forecast like-for-like revenue growth this year above 5%, and a 15.4% earnings before interest, taxes and amortization (EBITA) margin …

Teleperformance growth to slow in 2022 as COVID contracts ease Read More »

By Karin Strohecker and Natalia Zinets LONDON/KYIV (Reuters) – Ukraine is working with the United States and other Western nations on unlocking billions of dollars in funding to shore up its finances and is looking to the International Monetary Fund for another deal, the country’s finance minister said. Serhiy Marchenko told Reuters on Thursday his …

Exclusive-Ukraine bids for SDR transfers in funding push, new IMF deal – Finance Minister Read More »