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Eni beats Q4 profit forecasts helped by favourable arbitration
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Swiss Re 2023 net profit surges, in line with expectations
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Mahindra to use Volkswagen electric components, battery cells
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ECB’s Villeroy: should not hold off first rate cut for too long
Britain’s Labour Party wins by-election in southwestern English town
Date: February 16, 2024
Britain’s Labour Party wins by-election in southwestern English town LONDON (Reuters) -Britain’s opposition Labour Party won a contest for a new lawmaker in the southwestern English town of Kingswood on Friday, dealing a blow to the governing Conservatives before a national vote expected this year. The Kingswood defeat for Prime Minister Rishi Sunak’s Conservatives looked...
Australia’s QBE Insurance annual profit more than doubles but misses view
Date: February 16, 2024
Australia’s QBE Insurance annual profit more than doubles but misses view By Echha Jain (Reuters) -Australia’s QBE Insurance Group’s full-year profit more than doubled on Friday, helped by higher income from premiums, but missed analysts’ expectations, sending its shares on track for their worst session in three months. The group, which operates in 27 countries...
Games group Embracer misses Q3 operating profit estimate
Date: February 15, 2024
Games group Embracer misses Q3 operating profit estimate By Jesus Calero (Reuters) -Swedish games developer Embracer said it may miss its debt reduction target, but maintained its full-year forecast after on Thursday reporting slightly weaker-than-expected operating profit for October to December. Shares in the company fell by more than 16% at 09.22 GMT, putting them...
German lender PBB’s shares plunge after S&P rating cut
Date: February 15, 2024
German lender PBB’s shares plunge after S&P rating cut FRANKFURT (Reuters) – Shares in Deutsche Pfandbriefbank (PBB) dropped 7.5% on Thursday after a cut to its credit rating on concerns over the lender’s exposure to the commercial real estate sector. The bank, which is one of Germany’s largest real estate financers, last week sought to...
UK’s Costa Coffee to give workers 9% pay rise
Date: February 15, 2024
UK’s Costa Coffee to give workers 9% pay rise LONDON (Reuters) – Britain’s Costa Coffee will give over 15,000 hourly-paid workers an average 9% pay increase from April 1, it said on Thursday. The coffee and sandwich chain, a unit of Coca-Cola Co, said its starting rate will rise from 10.70 pounds ($13.42) an hour...
Jet engine maker Safran raises dividend on profit jump and growth outlook
Date: February 15, 2024
Jet engine maker Safran raises dividend on profit jump and growth outlook PARIS (Reuters) -French jet engine maker Safran posted sharply higher revenue and operating profit for 2023, raised its dividend and predicted further growth this year on the back of strong demand for engine services. Shares in the company rose sharply in early Paris...