SYDNEY, March 2 Reuters Retail theft has hit record levels in Australia, government statistics show, putting pressure on grocery giants Woolworths Group Ltd and Coles Group Ltd that are already struggling with soaring supply costs and freight blockages. Store theft rose 23.7 in New South Wales, the home state of a third of Australians, from 2021 to […]

Organic EBITDA could decline moderately, be flat at best in 39;23 Company reaffirms 2025 sales goal on confidence in new products Joins other drugmakers in getting hit by COVID sales cliff FRANKFURT, March 2 Reuters Germany39;s Merck KGaA on Thursday predicted 2023 earnings would slip due to a decline at its electronic chemicals unit and a […]

PARIS, March 1 Reuters Shares in contemporary French fashion group SMCP rose in early morning trading after bondholders launched a sale process for a 37 stake in the company, potentially clearing the way for a full takeover. At 0929 GMT, the shares were up almost 7 in trading on the Euronext in Paris at 7.89 […]

FY profit up sharply to 267 mln euros on accounting gain CEO says 39;ticked a lot of boxes39; for dividend return Increases income, profit, return on equity targets DUBLIN, March 1 Reuters Ireland39;s permanent tsb PTSB posted a jump in annual profit on Wednesday and said it was moving closer to a return to paying dividends […]

BARCELONA, March 1 Reuters Cellnex, Europe39;s largest mobile phone tower operator, expects to make a net profit in three or four years as the company shifts its focus away from expanding via acquisitions towards cutting debt. The group made a net loss to 297 million euros 314.49 million in 2022, which was slightly higher than […]

LONDON, March 1 Reuters Norway39;s Equinor is close to reaching a deal to buy Suncor Energy39;s British North Sea oil and gas assets for around 1 billion, three sources familiar with the matter told Reuters on Wednesday. The deal includes Suncor39;s 40 stake in the Equinoroperated offshore Rosebank oil and gas project, located some 130 km 80 […]

Feb 28 Reuters General Motors Co is cutting hundreds of executivelevel and salaried jobs as it looks to cut costs and streamline operations, a person briefed on the matter told Reuters on Tuesday. The global reductions are in the low hundreds, the person said. GM Chief People Officer Arden Hoffman said in a letter to employees […]

March 1 Reuters HSBC Holdings said on Wednesday it raised 2 billion from a convertible security issue, beating its own target on strong demand for the perpetual additional Tier 1 bond. In a filing to the Hong Kong Stock Exchange, HSBC said the perpetual bond39;s coupon had been set at 8. Prospective investors had been told […]

Lifts ROTE target to between 1517 in 20232025 period Raises payout in threeyear strategy to 50 from 40 Bank aims to add 40 million new customers by 2025 Sees NII growing a CAGR between 6 and 7 between 20222025 Sees efficiency ratio of 42, cost of risk of 100 to 110 bps MADRID, Feb 28 […]

FY profit down 16 Sees 2023 profit lower Shares down 5 LONDON, Feb 28 Reuters Travis Perkins, Britain39;s biggest supplier of building materials, warned of a challenging 2023 as housebuilders slow down projects and homeowners delay improvements due to the country39;s gloomy economic outlook. Travis Perkins, which sells bricks, timber and new kitchens, as well […]