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Experian Sees Annual Revenue Growth on Steady Demand
Date: May 17, 2023
(Reuters) – British credit data firm Experian Plc said on Wednesday it expects its annual organic revenue to grow between 4% and 6% on the back of steady demand from businesses and consumers. Analysts were expecting the company to forecast a revenue growth of around 5.8%, according to company-compiled estimates. Experian has benefited as Britain’s...
Five Data Trends That Will Define the Future of Banking
Date: May 12, 2023
Andy Haigh, Head of Banking and Capital Markets at DXC Technology The recent bank bailouts and buyouts have created an atmosphere of concern and uncertainty in the banking industry. Additionally, traditional banks face significant challenges amid changing consumer behavior, an economic landscape still recovering from the impact of COVID-19 and competition from born-in-the-cloud challenger banks....
Bank of America Opens Luxembourg Branch in Europe Funds Push
Date: May 11, 2023
LONDON (Reuters) – Bank of America has hired former BNP Paribas banker Benoit Nevouet to be the manager of a newly created Luxembourg branch as the U.S. lender seeks to grow its business in Europe, a senior executive at Bank of America told Reuters. The opening of a branch in the small but wealthy country...
K+s Cuts 2023 Profit Outlook on Slow Recovery, Lower Potash Prices
Date: May 9, 2023
K+S cuts 2023 profit outlook on slow recovery, lower potash prices (Reuters) – German potash and salt miner K+S on Tuesday cut its annual profit outlook on a slower than expected recovery in demand and lower potash prices, sending its shares down more than 4%. The group, which makes potash fertilisers and salts for cooking,...
Amazon Offers Shoppers $10 to Pick up Purchases as It Targets Delivery Costs
Date: May 9, 2023
Amazon offers shoppers $10 to pick up purchases as it targets delivery costs By Lisa Baertlein LOS ANGELES (Reuters) – Amazon.com is offering customers $10 to pick up a purchase rather than have it shipped to a home address, as the e-commerce giant joins other retailers in racing to slash costs for home delivery and...
Uber Rival Bolt Seeks to Turn Profitable Next Year, IPO in 2025
Date: May 9, 2023
Uber rival Bolt seeks to turn profitable next year, IPO in 2025 By Supantha Mukherjee STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt expects to turn profitable in the next 12 months and be ready for an initial public offering in 2025, its Chief Executive Officer Markus Villig said in an interview. The...