By Kirsti Knolle BERLIN (Reuters) -Austria’s OMV on Thursday proposed a 24% dividend increase after surging oil and gas prices and its exploration in Russia helped it to nearly quadruple its fourth-quarter core profit. OMV also said it has received a 455-million-euro binding offer for the nitrogen business of its subsidiary Borealis from Switzerland-headquartered EuroChem, …
Austria’s OMV tops up dividend on surging profit Read More »
LONDON (Reuters) – The independent directors of British advertising group M&C Saatchi have rejected another takeover approach from its biggest shareholder Vin Murria, but agreed to continue talking to see if a deal can be done. M&C said in a statement on Thursday that the latest offer from Murria’s AdvancedAdvT acquisition vehicle still undervalued the …
Ad group M&C rejects latest takeover from Murria, agree to talk Read More »
By Andy Bruce LONDON (Reuters) – Facing pressure to curb surging inflation, the Bank of England looks set to raise interest rates again on Thursday and signal further unwinding of its pandemic stimulus, including a gradual reversal of its huge bond-buying plan. Twenty-nine of 45 economists polled by Reuters late last month said the BoE …
Bank of England poised to act under new inflation strain Read More »
BERLIN (Reuters) – Infineon, the leading supplier of microchips to the auto industry, lifted its revenue forecast for 2022 as it predicted that a global shortage of semiconductors will continue well into the current year. “Demand for semiconductors is outstripping supply by far,” the company said as it published fiscal first-quarter financial results on Thursday. …
Infineon lifts 2022 revenue target as chip shortage persists Read More »
LONDON (Reuters) – Britain on Thursday said that checks on agri-food coming into Northern Ireland from the rest of the United Kingdom were a matter for the devolved executive after the province’s agriculture minister said they would be halted. The Republic of Ireland and some other members of the Northern Irish executive said the halt …
UK says post-Brexit agri-food checks a matter for N. Ireland Read More »
ZURICH (Reuters) – Swisscom named Christoph Aeschlimann as new chief executive on Thursday to succeed Urs Schaeppi when he steps down on June 1 after nine years in the post, the company said as it reported results. Aeschlimann, 45, is head of infrastructure, network and IT and a member of the group executive board. Consolidated …
Swisscom names Aeschlimann CEO, one-offs swell 2021 net profit Read More »
STOCKHOLM (Reuters) – Sweden’s Skanska reported on Thursday a quarterly profit above market expectations, and said market activity in construction had picked up gradually during the year. Fourth-quarter operating profit at the Nordic region’s largest builder, and one of the biggest in the United States, was 3.63 billion Swedish crowns ($393.9 million) against a year-ago …
(Reuters) – French vaccine developer Valneva targets increasing its revenues year-on-year by up to 70% thanks to a boost from its COVID-19 vaccine candidate, it said on Thursday. The company sees 2022 revenue of between 430 million to 590 million euros ($485.73 million to $666.46 million), including 350 million to 500 million euros of COVID-19 …
Valneva targets 2022 revenue boost of up to 70% on COVID-19 vaccine Read More »
(Reuters) – Publicis Groupe, the world’s third-biggest advertising agency, on Thursday forecast organic sales growth of 4% to 5% this year, after its 2021 earnings exceeded their pre-pandemic levels to reach new records. The French company said growth had been fuelled by its digital and data-driven businesses Sapient and Epsilon, and that it was expecting …
Publicis bets on further growth in 2022 after digital ad boost Read More »
BERLIN (Reuters) – U.S.-German medical device maker Siemens Healthineers raised 2022 targets as it beat quarterly sales and profit expectations on Thursday thanks to increased demand for rapid COVID-19 antigen tests and approval for its tests in the United States. The company said it expects 2022 comparable revenue growth between 3% and 5% and adjusted …
Siemens Healthineers ups 2022 targets after Q1 beat thanks to COVID test demand Read More »
