April 26 Reuters Dutch tank storage company Vopak on Wednesday raised its 2023 core profit outlook, with favourable storage demand expected to persist for the rest of the year. Vopak has bet on increasing demand for storage of oil and gas products coming from long distances, as several markets ebb away their dependency on Russian supplies. […]

April 26 Reuters German sportswear maker Puma on Wednesday said it expected secondquarter sales to grow at a low to midsingledigit percentage rate, below its fullyear target, due to high inventory levels and ongoing challenges in the market. The company said it expected its profit and margins to be under more pressure in the first half […]

Q1 sales down 7 at 15.3 bln francs but above market view CEO says 432 mln francs in Vabysmo sales well above consensus 2023 core EPS decline still seen in low singledigit range Roche repeats COVID related sales will drop by 5 bln francs April 26 Reuters Switzerland39;s Roche said firstquarter sales dropped 7 on falling […]

LGES receives requests from automakers in light of IRA Expects Chinese rivals to face challenges entering U.S. Shares rise after Q1 profit meets forecasts SEOUL, April 26 Reuters South Korea39;s LG Energy Solution said on Wednesday quarterly profit more than doubled, as the battery maker benefited from subsidies from the U.S. Inflation Reduction Act and solid […]

STOCKHOLM, April 26 Reuters Telecom operator Telia on Wednesday reported firstquarter core earnings above market expectations, helped by cost cuts and growth in its telecom business in the Nordic markets. Adjusted EBITDA earnings before interest, tax, depreciation and amortisation rose to 7.26 billion Swedish crowns 705.20 million from 7.20 billion crowns a year earlier. Analysts had […]

Monthly active users rose to 515 mln vs est 500 mln Premium subscribers rose to 210 mln vs 206 mln Q2 user growth forecast beats expectations Shares up 5 premarket STOCKHOLM, April 25 Reuters Spotify Technology SA has crossed the half billion mark for monthly active users for the first time, helped by the music streaming […]

SAO PAULO, April 25 Reuters Banco Santander Brasil SA on Tuesday reported a first quarter net profit of 2.14 billion reais 425.09 million, down 46.6 from a year earlier but still above analysts39; forecasts of 1.83 billion in a Refinitiv poll. The Brazilian unit of Spain39;s Banco Santander SA has been trying to be more selective in […]

Shares rise as much as 5 to 7month high To develop Georgia battery plant in joint venture with SK On Plant to start production in H2 2025, support 300,000 EVs SEOUL, April 25 Reuters South Korea39;s Hyundai Motor Co said on Tuesday it had finalised a 5 billion electric vehicle EV battery joint venture in the […]

LONDON, April 23 Reuters HSBC39;s most vocal individual activist shareholder Ken Lui on Monday said he had spoken for the first time with the bank39;s largest investor, Ping An, about their controversial proposals to spin off the lender39;s Asia business. Top management executives of Ping An Asset Management, an investment unit of the Chinese insurer, exchanged […]

BENGALURU, April 23 Reuters Indian IT services provider Wipro Ltd said on Sunday it will consider a share buyback proposal at its board meeting on April 27. Indian IT services companies are facing challenges, with shares under pressure as clients cut budgets and scale back projects amid fears of a recession in major economies and recent […]