By Matthieu Protard PARIS (Reuters) -Societe Generale struck a confident note for 2022 on Thursday after the French bank’s profit hit 1.79 billion euros ($2.05 billion) in the fourth quarter on lower pandemic-related charges and a retail banking and equity trading rebound. France’s third-largest listed bank after BNP Paribas and Credit Agricole also said it …
French bank SocGen confident for 2022 after profit rebound Read More »
By Kate Holton LONDON (Reuters) -European information provider Relx said underlying growth this year would be ahead of historical trends due to demand for analytics and machine-learning tools from clients across its risk, science and legal divisions. The British company, previously called Reed Elsevier, has been one of the most stable and predictable companies on …
Relx shares slide after 13% profit growth disappoints Read More »
BERLIN (Reuters) – Germany’s industrial order backlog is the highest in more than 40 years and could give the economy a boost if supply bottlenecks ease, Ifo Institute said on Thursday. There had never been such a high order backlog since Ifo started asking companies about it in 1969, Timo Wollmershaeuser, head of Ifo economic …
Germany’s industrial order backlog the highest since 1969 – Ifo Read More »
PARIS (Reuters) -EDF confirmed it would buy a France-based nuclear turbine unit from General Electric as the state-owned utility seeks to bundle nuclear activities deemed as strategic in France’s new push for multi-billion investments into new reactors. The announcement, confirming earlier remarks by French ministers, came hours before French President Emmanuel Macron is due to …
EDF confirms deal to take over French nuclear turbine unit from GE Read More »
(Reuters) – Britain’s Redrow Plc reported an about 17% rise in interim profit on Thursday, helped by firm house prices, but the homebuilder warned future earnings would be impacted by the introduction of the residential property developer tax in April. The FTSE 250 company, which mainly builds standalone houses, said profit before tax for the …
UK homebuilder Redrow half-year profit jumps 17%; flags tax hit on earnings Read More »
By Federica Mileo and Valentine Baldassari (Reuters) -Unibail, the owner of London’s Westfield shopping mall, said on Thursday it expected 2022 adjusted earnings per share to exceed last year’s level, encouraged by the recovery seen in the second half of 2021. Unibail-Rodamco-Westfield, which had not previously given an earnings guidance for 2022 or beyond, sees …
Unibail, owner of London’s Westfield mall, sees higher 2022 earnings Read More »
(Reuters) – British insurer Beazley Plc resumed its dividend on Thursday after swinging to an annual profit, helped by rising demand and double-digit growth in the cyber insurance space. Beazley, which provides casualty and property, cyber and political risk insurance, had a combined ratio – a key measure of an insurer’s profitability – of 93% …
Beazley swings to annual profit on robust demand for cyber insurance Read More »
By Helen Reid JOHANNESBURG (Reuters) – French automaker Renault SA has backed a moratorium on deep-sea mining, the company told Reuters on Wednesday, committing to exclude seabed metals from its supply chain in a blow to the nascent industry. In October, French President Emmanuel Macron identified deep seabed exploration as an investment priority for France, …
Exclusive-France’s Renault says it backs moratorium on deep-sea mining Read More »
By Helen Reid JOHANNESBURG (Reuters) – French automaker Renault SA has backed a moratorium on deep-sea mining, the company told Reuters on Wednesday, committing to exclude seabed metals from its supply chain in a blow to the nascent industry. In October, French President Emmanuel Macron identified deep seabed exploration as an investment priority for France, …
Exclusive-France’s Renault says it backs moratorium on deep-sea mining Read More »
LONDON (Reuters) – Primark owner Associated British Foods on Thursday launched a 400 million pound ($543 million) 2.5% public bond due in 2034 to diversify the group’s sources of funding and extend the duration of its borrowings. The group, which also owns major sugar, grocery, ingredients and agricultural businesses, said the bonds are being issued …
Primark owner AB Foods issues 400 million stg public bond Read More »
