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UniCredit to use 300 million euro charges for voluntary staff exits-sources
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Fed delivers small rate hike, opens door to pause in tightening cycle
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Jewellery maker Pandora to slow down brand relaunch in China
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UK’s Lloyds beats profit forecasts, signals stresses ahead
France’s Le Maire wants to break food price inflation “spiral” by autumn
Date: May 3, 2023
France’s Le Maire wants to break food price inflation “spiral” by autumn PARIS (Reuters) – Finance Minister Bruno Le Maire said on Wednesday that he would meet with retailers and suppliers next week to discuss ways to break the food price inflation “spiral” by autumn, which is a major concern for cash-strapped consumers. Le Maire...
Metro Bank posts second quarter of profitability on mortgage loans demand
Date: May 3, 2023
Metro Bank posts second quarter of profitability on mortgage loans demand (Reuters) – Metro Bank on Wednesday said it had reached underlying profitability for the second consecutive quarter, as net inflows picked up pace in March on a revival in demand for mortgage loans. For Metro Bank, which in 2010 became the first lender to...
Flutter Q1 revenues jump 29% as U.S. races ahead, UK bounces back
Date: May 3, 2023
Flutter Q1 revenues jump 29% as U.S. races ahead, UK bounces back By Padraic Halpin DUBLIN (Reuters) -Flutter grew its revenue by 29% on a pro-forma basis in the first quarter, driven by a near doubling in its fast growing U.S. unit and a sharp recovery in Britain and Ireland, the world’s largest online betting...
BNP Paribas first-quarter revenue beats as trading outperforms
Date: May 3, 2023
BNP Paribas first-quarter revenue beats as trading outperforms By Mathieu Rosemain and Matthieu Protard PARIS (Reuters) -BNP Paribas’s first-quarter sales beat market expectations as trading business at the eurozone’s biggest bank outperformed most of its peers, while it started to reap the benefits from rising interest rates. BNP’s quarterly profit more than double in the...
Cineworld gets US court approval to raise $2.26 billion after bankruptcy
Date: May 3, 2023
Cineworld gets US court approval to raise $2.26 billion after bankruptcy By Dietrich Knauth (Reuters) – Bankrupt movie theater chain Cineworld received U.S. court approval on Tuesday to raise $2.26 billion as part of its exit from bankruptcy, after reaching a settlement with a minority faction of lenders that had opposed parts of the exit...
Revlon emerges from bankruptcy after lender takeover
Date: May 3, 2023
Revlon emerges from bankruptcy after lender takeover By Dietrich Knauth (Reuters) -Revlon Inc said on Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in debt and handing control of the beauty products company to its lenders. CEO Debra Perelman said in a statement that Revlon is stronger after bankruptcy and...