Reuters UK Business Archives - Page 3146 of 3179

SBM Offshore’s profit guidance ‘a touch light’, shares plunge

10 Feb 2022 10 Feb 2022

By Juliette Portala and Olivier Sorgho (Reuters) – SBM Offshore shares dived on Thursday after the Dutch oil and gas services company’s cautious guidance disappointed the market despite full-year results meeting expectations. For 2022, the group expects revenue to amount to more than $3.1 billion and earnings before interest, taxes, depreciation and amortisation (EBITDA) to …

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ECB tells banks to step up defences against hacks

10 Feb 2022 10 Feb 2022

FRANKFURT (Reuters) – The European Central Bank is telling euro zone banks zone to step up their defences against cyber attacks, also in the context of geopolitical tensions such as the stand-off between Russia and Ukraine, the ECB’s top supervisor said on Thursday. Andrea Enria was presenting the results of the ECB’s annual review of …

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Italy’s MFE shares rise after optimistic outlook raises dividend hopes

10 Feb 2022 10 Feb 2022

MILAN (Reuters) – Shares in MFE-Mediaforeurope rose sharply on Thursday after Italy’s biggest private broadcaster gave an optimistic outlook on 2022 during a roadshow with analysts, prompting speculation of another dividend payout this year. In a meeting with analysts on Wednesday, the company controlled by the family of former Italian Prime Minister Silvio Berlusconi said …

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ABB electric charging business lays out growth plans ahead of IPO

10 Feb 2022 10 Feb 2022

ZURICH (Reuters) – ABB’s E-mobility business wants to spend $750 million on expanding its operations after its flotation later this year, the company said on Thursday. The cash will be used to fund acquisitions and organic growth as E-Mobility, which makes fast chargers for electric vehicles, chases faster growth in 2022. It expects to increase …

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Shell CEO sells $5.2 million of shares

10 Feb 2022 10 Feb 2022

By Ron Bousso LONDON (Reuters) -Shell Chief Executive Officer Ben van Beurden on Feb. 7 sold 3.9 million pounds ($5.2 million) worth of the energy company’s shares, a company filing showed. The 190,000 shares were sold at an average prices of 20.40 pounds per share, a day before they hit their highest level since January …

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L’Oreal shares slip as marketing spending weighs on margins

10 Feb 2022 10 Feb 2022

PARIS (Reuters) -Shares in the world’s largest cosmetics company L’Oreal dropped on Thursday as higher marketing spending put pressure on profitability, overshadowing forecast-beating sales and gains in market share. The company’s spending on advertising and promotions, closely watched by investors, grew over the second half of the year. That weighed on the annual operating margin …

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Strong U.S., China demand makes Pernod Ricard more optimistic on sales outlook

10 Feb 2022 10 Feb 2022

By Dominique Vidalon PARIS (Reuters) -Pernod Ricard is more optimistic about its outlook for fiscal year 2022 after strong demand in the United States, China and Europe helped the French spirits maker beat first-half profit and sales forecasts, lifting its shares by over 3%. Pernod Ricard, which owns Martell cognac, Mumm champagne and Absolut vodka, …

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Telecom Italia talking to Open Fiber on network-sharing deal – sources

10 Feb 2022 10 Feb 2022

MILAN (Reuters) – Telecom Italia (TIM) and broadband network company Open Fiber are in talks to reach a deal to share fast fibre infrastructure in the more remote parts of Italy, sources said on Thursday. An agreement, which is still under discussion, would allow Open Fiber to use TIM infrastructure in the hard-to-reach “white areas” …

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Better to normalise monetary policy step-by-step, ECB’s Rehn says

10 Feb 2022 10 Feb 2022

HELSINKI (Reuters) -It is better to adjust euro zone monetary policy gradually in the current uncertain environment, European Central Bank policymaker and Finnish central bank chief Olli Rehn said on Thursday. The ECB last week walked back on a pledge not to raise rates in 2022 and policymakers are now looking at how to start …

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Britain sets out post-Brexit blueprint for investment funds sector

10 Feb 2022 10 Feb 2022

By Huw Jones LONDON (Reuters) -Britain’s finance ministry set out its stall on Thursday for reforming the 11 trillion pound ($15 trillion) investment funds sector following Brexit, saying it will simplify how the industry is taxed. Britain is a global centre for managing funds, but many of them are listed in EU centres such as …

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