investment-management
BankingGreece’s Alpha Bank Posts Higher 9-month Profit on Lower Provisions, Strong Income
TradingAngloGold Ashanti Q3 Earnings Rebound on Higher Gold Price
Top StoriesItaly Opens Procedure Against Sinochem Over Pirelli Possible Governance Breach
BankingCommerzbank Seeks to Fend Off UniCredit as Both Banks Hike Targets
France’s Pluxee Lifts 2025/26 Outlook, Shares Reached Record High
Date: October 31, 2024
By Mathias de Rozario (Reuters) -French voucher and benefits company Pluxee raised its margin guidance for the next two years on Thursday after what it described as a solid performance this year. The company’s shares were 10% higher by 1200 GMT, on track for their biggest ever one-day rise. Pluxee is now targeting recurring growth...
Ubisoft Expects 39% Drop in Third-Quarter Net Bookings
Date: October 31, 2024
(Reuters) -French video game producer Ubisoft expects net bookings for its third quarter to be down about 39% year on year to about 380 million euros ($412 million) because it has no new releases in the quarter, finance chief Frederick Duguet told reporters on Wednesday. Ubisoft, which has lost half of its stock market value...
Ferrovial’s Q3 Core Profit up 36% on Higher Motorway Traffic
Date: October 30, 2024
MADRID (Reuters) – Spanish construction giant Ferrovial on Tuesday said its core third-quarter profit rose 36% to 400 million euros ($433 million) as investments in toll road concessions in North America continued to pay off. Ferrovial’s core profit for the quarter was slightly above the average analysts’ expectation of 389 million euros, according to data...
Vivendi Minority Shareholder to Appeal Against Proposed Split Project
Date: October 30, 2024
(Reuters) – Paris-based investment fund CIAM said on Tuesday it would appeal to France’s financial watchdog AMF to ensure shareholder rights are respected in Vivendi’s plan to split up, urging a public offer be launched for Vivendi shares. Vivendi’s proposal involves splitting the French media conglomerate into three separate entities — broadcasting group Canal+, advertising...
Unlocking Success in Investment Management Technology Industry: Key Takeaways for Young Professional
Date: October 29, 2024
Swapnil Kognole, CFA is a seasoned leader in wealth management technology, currently serving as Director at UBS technology department. With two decades of experience spanning technology, project management, and digital transformation, he has spearheaded critical initiatives in the financial services sector. As a CFA Charterholder and IEEE Senior Member, Swapnil combines deep financial expertise with...
Lufthansa Reports 9% Drop in Third-Quarter Profit as Core Brand Struggles
Date: October 29, 2024
By Joanna Plucinska, Rachel More and Ilona Wissenbach LONDON/BERLIN/FRANKFURT (Reuters) -German airline group Lufthansa reported a fall in third-quarter operating profit on Tuesday as its flagship brand struggles with low yields, competition with international airlines and spiralling costs. Third-quarter operating profit of 1.3 billion euros ($1.41 billion) was largely in line with the expectations of...