Investing
Investing
PayPal’s Revenue Forecast Fails to Impress as Profit Push Puts Growth Behind
Investing
Unlocking Success in Investment Management Technology Industry: Key Takeaways for Young Professional
Investing
Volkswagen’s Audi in Talks With Potential Investor for Brussels Site
Investing
Russia’s Severstal Expects Steel Demand to Drop 5-7% as High Rates Hurt Customers
Santander’s Polish Unit Could Pay 100% Dividend, CEO Says
Date: October 29, 2024
By Mateusz Rabiega GDANSK (Reuters) -The Polish arm of Spanish lender Santander could pay dividends reaching 100% of annual profits, supported by its results and capital position, but would need the regulator to raise its limits, CEO Michal Gajewski said on Tuesday. In the past year, the bank paid out 4.56 billion zlotys ($1.13 billion)...
Finnair Tightens Annual Operating Profit Outlook, Shares Skid
Date: October 29, 2024
(Reuters) -Finnair, Finland’s national carrier, tightened its annual operating profit forecast range on Tuesday after third-quarter earnings fell from a strong year-ago comparable period, sending its shares down 8% in early trade. The airline now expects comparable earnings before interest and taxes (EBIT) in the range of 120–170 million euros ($130-$184 million) for 2024, compared...
Hargreaves Lansdown Expects Takeover by CVC-led Consortium to Complete in Q1 2025
Date: October 29, 2024
(Reuters) – Hargreaves Lansdown, Britain’s largest investment platform, said on Tuesday it expects the completion of its agreed 5.4 billion pound ($7 billion) takeover by an international consortium in the first quarter of 2025. The consortium, consisting of Europe’s largest private equity firm CVC Capital Partners, Abu Dhabi’s sovereign wealth fund and Swedish private equity...
UK Budget to Give Health Service Huge Boost, Reeves Says
Date: October 29, 2024
LONDON (Reuters) – Britain’s finance minister Rachel Reeves will announce billions of pounds in funding for the National Health Service (NHS) in Wednesday’s budget that will go towards buying new equipment for hospitals and increasing the number of operations. Prime Minister Keir Starmer has said tax rises will be necessary to rebuild Britain’s public...
Microsoft’s AI Demand Under Scrutiny as Investors Seek Payday
Date: October 29, 2024
By Aditya Soni (Reuters) – Microsoft is expected to report its slowest quarterly revenue growth in a year on Wednesday, while investors await signs of AI demand amid growing worries about the slow payoff from hefty investments in the technology. The software giant is widely seen as the front-runner in the race to capitalize...
London Stocks Down as Energy Shares Slide; UK Budget in Focus
Date: October 29, 2024
By Shubham Batra and Nikhil Sharma (Reuters) -The UK’s benchmark FTSE 100 fell on Tuesday due to broader declines led by the energy sector on losses in BP, while investors kept their focus on the upcoming budget later this week. The blue-chip FTSE 100 fell 0.8%, as of 1621 GMT, while the midcap FTSE 250...