Japanese firms, top shareholders partner for tender offer, delisting Metro Pacific to continue managing assets, investing Philippine brokerage firm warns of low tender offer price MANILA, April 27 Reuters Mitsui Co Ltd and a Japan governmentbacked fund announced plans on Thursday to buy a minority stake in Philippine infrastructure firm Metro Pacific Investments Corp, as it […]

Energy major set to sell Canada business to Suncor Will get 4.1 bln in cash, possible 450 mln extra payment Adj net income for Q1 6.5 bln, in line with forecasts PARIS, April 27 Energy major TotalEnergies said on Thursday it had accepted an offer to sell its carbonheavy Canadian oil sands operations to Suncor Energy for […]

STOCKHOLM, April 27 Reuters Swedenbased automaker Volvo Cars reaffirmed its outlook on Thursday and said it saw no point in cutting prices given healthy demand as its operating earnings beat estimates. Its shares shot up 8 at the market open before retreating to trade flat at 0736 GMT, which Bernstein analyst Daniel Roeska said could be […]

Q1 underlying sales growth 10.5 vs forecast 7.2 Q1 pricing up 10.7, volumes down 0.2 Shares up almost 2 LONDON, April 27 Reuters Unilever smashed quarterly sales forecasts on Thursday as another big rise in prices from the maker of Dove soap and Ben Jerry39;s ice cream triggered only a small dip in volumes, sending its […]

TOKYO, April 27 Reuters Japan39;s Toyota Motor Corp set a global annual output record in the business year ended in March, just edging past its target of 9.1 million vehicles as factory disruption from global chip supply woes and pandemic lockdowns eased. But the world39;s biggest automaker by sales warned it continued to see impacts from […]

April 25 Reuters Microsoft Corp beat Wall Street39;s estimates for quarterly revenue and profit on Tuesday, driven by growth in its cloud computing and Office productivity software businesses, and the company said artificial intelligence products were stimulating sales. The company forecast revenue in its main segments for the current quarter would match or top Wall Street […]

PARIS, April 26 Reuters Danone, the world39;s largest yoghurtmaker, raised its 2023 outlook on Wednesday after it managed to pass on increased costs through price rises and firstquarter sales growth was the fastest in a decade. Danone, which expects prices to peak this year and also anticipates productivity gains, kept its forecast for a moderate […]

PARIS, April 26 Reuters Airbus has changed the leadership of its A320family jetliner programme, the profit backbone of the world39;s largest planemaker, as it faces a steep production rampup in the face of industrial pressures, industry sources said on Wednesday. Current programme leader Michael Menking has been appointed head of special projects for the planemaker39;s core […]

STOCKHOLM, April 26 Reuters Swedish defence equipment maker Saab39;s Q1 results beat forecasts as countries continued to stock up on surveillance gear and weapons because of the war in Ukraine. Order intake at the company that makes a range of military and civilian hardware doubled to 17.02 billion crowns 1.66 billion from 8.1 billion, while its […]

HONG KONG, April 26 Reuters Standard Chartered PLC StanChart on Wednesday said firstquarter profit jumped 21, beating expectations, as rising interest rates buoyed income from its cash management and retail banking businesses. Chief Executive Bill Winters said he now expects income for the emerging marketsfocused lender to grow around 10 this year, the top of a […]