capital-and-liquidity
Top StoriesErste CEO Will Not Renew Contract Due to Conflict on Strategy
Top StoriesNorwegian Air Posts Q1 Loss, Flags Fuel Cost Impact on Recovery
Top StoriesFrance’s Alstom Trains Sights on Higher Synergies After Profit Beat
Top StoriesThyssenkrupp Raises Sales Forecast, Cuts Free Cash Flow Outlook
Russia Weighs on Credit Agricole’s Q1, Capital Miss Hits Shares
Date: May 5, 2022
By Julien Ponthus LONDON (Reuters) -Credit Agricole SA on Thursday posted a sharp fall in first-quarter profit as it took more than half a billion euros in provisions against its exposure to Russia and Ukraine. A disappointing reading for its capital ratios, higher than anticipated costs and better-than-expected performances from rivals, BNP Paribas and Societe...
StanChart CEO Says Bank’s Global Focus Still Valid Amid Calls for HSBC Break-Up
Date: May 4, 2022
By Iain Withers LONDON (Reuters) – Standard Chartered Chief Executive Bill Winters said the merits of a UK-based, Asia-focused bank remain valid in the face of “unpredictable” geopolitical tensions. Speaking to Reuters on the sidelines of StanChart’s annual general meeting, Winters said there was a role to be played by banks like StanChart and its...
Sabadell’s Q1 Hits Profitability Target After Lower Costs, Provisions
Date: April 28, 2022
By Jesús Aguado MADRID (Reuters) – Spain’s Sabadell on Thursday hit its profitability target of more than 6% earlier than expected following cost savings, lower provisions and a positive contribution from its British unit TSB. The country’s fourth-largest bank in terms of total assets reported a net profit of 213 million euros ($224.5 million) in...
HSBC Puts 2022 Buyback Ambitions on Ice as Inflation Accelerates
Date: April 26, 2022
By Anshuman Daga and Lawrence White SINGAPORE/LONDON (Reuters) -HSBC has shelved plans for new stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as a cocktail of rising inflation, geopolitical tensions and economic weakness dented its prospects. Shares in Europe’s biggest bank were trading 3.6% lower by 1014 GMT against...
PepsiCo Raises Revenue Forecast on Boost From Price Increases
Date: April 26, 2022
(Reuters) -PepsiCo Inc beat estimates for quarterly revenue on Tuesday and raised its full-year forecast on steady demand for its sodas and snacks even in the face of several rounds of price increases. Pandemic-induced disruptions to the global supply chain and runaway inflation have sent costs soaring on everything from aluminum cans to labor and...
Holcim Shares Surge After Guidance Upgrade and Earnings Beat
Date: April 22, 2022
By John Revill ZURICH (Reuters) -Holcim raised its full-year sales outlook on Friday after posting forecast-beating first quarter results, helped by price hikes to offset surging energy costs and new acquisitions in its roofing business. The Swiss company’s shares rose 6% in early trade after it exceeded analysts’ expectations for sales and earnings, a performance...