Shell adjust earnings hits 9.1 billion Results boosted by strong oil and gas trading Retains some exposure to Russia LONDON, May 5 Reuters Shell on Thursday reported a record firstquarter profit of 9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division. The last of the […]

DUBLIN, May 3 Reuters Major aircraft lessor Avolon recorded a firstquarter impairment of 304 million to cover the full financial impact of having 10 jets still stuck in Russia following European Union sanctions that forced the termination of all Russian leases. Ireland39;s Avolon said on Tuesday it cut the carrying value of the jets to […]

India grocery startups betting big on quick deliveries Zepto says raises 200 million, to use funds for expansion Quick commerce startups have raised road safety concerns Zepto says its riders don39;t rush, travel short distances MUMBAI, May 3 Reuters Indian grocery startup Zepto said on Tuesday it has raised 200 million in fresh funding that […]

May 3Reuters Restaurant Brands International Inc, beat estimates for quarterly revenue on Tuesday, boosted by higher prices and increased traffic at the Burger King parent39;s restaurant chains as more consumers stepped out of their homes and resumed prepandemic habits. Like rivals McDonald39;s Corp and Starbucks Corp, Restaurant Brands which usually caters to lowerincome consumers has raised prices […]

BERLIN, May 2 Reuters Volkswagen39;s premium brands Audi and Porsche will join Formula One after convincing the German automaking group that the move will bring in more money than it will cost, VW Chief Executive Herbert Diess said on Monday. Discussions by the board of directors about the two brands39; plans had created some divisions, said […]

ZURICH, April 28 Reuters The Swiss National Bank reported a first quarter loss of 32.8 billion Swiss francs 33.75 billion, the central bank said on Thursday, as lower bond prices and the higher franc dented the value of its foreign currency investments. The bank made a loss of 36.8 billion francs from its foreign currency […]

Q1 net profit 1.65 bln euros, above market forecasts Mexico39;s net profit rises 59; Turkey up 31 Overall net interest income is up 20.5 yy Capital ends March at 12.7 vs 12.75 in December MADRID, April 29 Reuters Spanish bank BBVA beat forecasts on Friday with a 36.4 yearonyear rise in first quarter net profit, driven […]

April 29 Reuters PetroChina reported on Friday a 41 rise in firstquarter net income to 39.1 billion yuan 5.9 billion, its best quarterly outturn since September 2020, helped by stronger oil and gas prices amid slower growth in refining. Asia39;s biggest oil and gas producer said in a filing to the Hong Kong Stock Exchange that […]

OAKLAND, Calif., April 28 Reuters Apple Inc on Thursday forecast bigger problems as COVID19 lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the iPhone maker sees as its engine for expansion. Shares were down 2.2 in late trade after executives laid out their glum outlook […]

Signed deals in Algeria, Angola, Egypt, Congo Republic Q1 adj profit jumps 12 times on oil and gas prices Confirms plans to list renewables unit this year MILAN, April 29 Reuters Eni will press ahead with plans to find alternative gas supplies following Russia39;s invasion of Ukraine after firstquarter profits soared above expectations on booming prices. […]