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InvestingUniCredit Cheers Investors With Buyback as Russia Hits Profit
Top StoriesTesla Seeks Investor Approval for Stock Split
Top StoriesExor Agrees Increased Sale Price for PartnerRe by 328 Million Euros
InvestingBarclays Boosts Investor Payouts After Record Annual Profit
Germany’s Uniper Cuts Dividend by 95% to Help Weather Volatility
Date: February 22, 2022
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -German utility Uniper proposed a 95% year-on-year dividend cut to preserve cash on Monday, pointing to energy price swings and risks for the gas market should Russia invade Ukraine. The cut comes after Uniper last month secured credit facilities worth up to 10 billion euros ($11.36 billion)...
Commerzbank Sees Strong 2022 as Quarterly Profit Trounces Estimate
Date: February 18, 2022
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) – Commerzbank swung to better than expected fourth-quarter and annual net profit despite a major overhaul, the German lender said on Thursday and painted a rosy picture for its 2022 outlook. Profit this year will exceed 1 billion euros ($1.14 billion), Commerzbank said, beating analyst forecasts. It added that...
Airbus Restarts Dividend After Sharply Higher Profits
Date: February 18, 2022
By Tim Hepher PARIS (Reuters) -Airbus marked a turning point in its pandemic recovery with its first dividend in two years and higher profits from businesses including defence and space as the European group also confirmed a review of defence strategy on Thursday. The world’s largest civil planemaker predicted higher profit and deliveries for 2022...
Vaar Energi Shares Fall After $7.9 Billion Eni Spin-Off
Date: February 17, 2022
OSLO (Reuters) – Shares of Vaar Energi, the largest pure-play oil exploration and production (E&P) company to list globally in almost a decade, fell 4.9% as it made its Oslo stock market debut on Wednesday. A spin-off from Italy’s Eni, Vaar declined to 26.64 crowns from 28 crowns in the initial public offering (IPO), which...
Swedish Match to Boost Investment in Nicotine Pouches After Profits Grow
Date: February 17, 2022
By Anna Ringstrom STOCKHOLM (Reuters) – Tobacco products group Swedish Match said on Wednesday it would increase investment in the United States and Scandinavia for its fast-growing tobacco free nicotine product after a rise in quarterly profits. The company’s shares were 6% higher at 0947 GMT. Swedish Match generates the bulk of its profit from its...
France’s Credit Agricole Beats Profit Target a Year Early
Date: February 11, 2022
LONDON (Reuters) -Credit Agricole SA beat its 2022 profit target a year early as lower costs for troubled loans and rising revenues across business lines boosted fourth-quarter results beyond consensus, France’s second-biggest listed bank said on Thursday. The lender said it would present a new strategic plan for 2025 on June 22 after underlying net...