STOCKHOLM, May 5 Reuters Security services company Securitas reported on Wednesday a slightly smaller rise than expected in firstquarter profit as the slump in demand for airport security due to the COVID19 pandemic held back group sales. Operating profit at the Swedish provider of guard services, alarm surveillance and airport security rose 8 from a […]

Oil giant Saudi Aramco reported a 30 jump in net income Tuesday, in a sign of a continued recovery from the previous years oil market crash that saw fullyear earnings for the state firm slashed in half. In a release published Tuesday, the company said net income rose to 21.7 billion in the first three […]

Chinese electric car startup Nio said Friday it expects a global chip shortage will drag down vehicle deliveries in the second quarter. A fire in March at a Japanese chip factory owned by Renesas has exacerbated an existing shortfall in semiconductors that has forced major automakers to cut production. Without naming the factory, Nios Chairman […]

MILAN, April 30 Reuters Italian energy group Eni said it was planning to sell or list a minority stake in its new retail and renewable energy business as it reported a jump in profits in the first quarter. In a statement on Friday, it said it was planning to list or sell a minority stake […]

SYDNEY, April 30 Reuters Three of Australias Big Four banks are set to unveil a more than doubling in interim profits, higher dividends and lower provisioning for bad debts next week, as the economy recovers from the COVID19 pandemic. Australias economy has emerged from recession and all signs are that 2021 has started on a […]

Chinese tech giant Huawei said Wednesday that its revenues dropped sharply in the first quarter as U.S. sanctions took a toll on its business. Huaweis revenues fell 16.5 yearonyear to 152.2 billion Chinese yuan 23.5 billion in the three months ending March 31, according to unaudited financial results revealed by the company on Wednesday. It […]

April 29 Reuters Struggling Canadian tour operator Transat AT said on Thursday it would borrow up to C700 million 569.71 million from the Canadian government and use a portion of the funds to reimburse customers whose travel plans had to be canceled. The news comes barely a day after Reuters reported that Transat was close […]

MOSCOW, April 29 Reuters Russias Sberbank made a record profit in the first quarter of 2021, more than doubling year on year thanks to lower provisions against bad loans, prompting the bank to raise its profitability forecast. Last year Russias biggest bank missed its prepandemic target with a 10 decline in net profit owing to […]

STOCKHOLM, April 29 Reuters Corporate travel bookings platform TravelPerk on Thursday said it had raised 160 million from a group of investors led by venture firm Greyhound Capital as it seeks to expand in the U.S. and Europe. The Barcelonabased company, which has so far raised 294 million, did not disclose its valuation after the […]

MOSCOW, April 29 Reuters Yandex said on Thursday it had agreed to buy midsized bank Acropol for 1.1 billion roubles 14.8 million, a move that will secure a banking licence for the Russian internet company so that it can develop financial services. Yandex has sought a means to develop its fintech offering after its split […]