Feb 17 Reuters Indian automotive components maker Minda Corporation Ltd on Friday said it acquired a 15.70 stake in rival Pricol Ltd for 4 billion rupees 48.3 million. The open market transaction took place at an average price of 208.9820 rupees per share, Minda corp said in an exchange filing. This is merely a financial investment without […]

STUTTGART, Feb 17 Reuters MercedesBenz Group on Friday beat analysts39; forecasts with annual earnings of 20.5 billion euros 21.80 billion, but the premium carmaker warned of lower earnings this year due to economic uncertainty. The company39;s forecast chimes with warnings from across the industry of a challenging year ahead, with Germany39;s autos association predicting that car […]

Feb 16 Reuters TravelCenters of America Inc said on Thursday it would be acquired by BP Plc for about 1.3 billion in cash, as the British energy giant looks to expand its travel convenience and fuel supply footprint in the United States. BP has offered 86 per TravelCenters share held, which represents a 74 premium to the […]

Feb 16 Reuters Truist Financial Corp is selling a minority stake in its insurance brokerage unit to private equity firm Stone Point Capital in a deal that values the unit at 14.75 billion, it said on Thursday. The move follows a year in which the commercial and investment bank39;s profit dropped as it set aside a […]

MILAN, Feb 13 Reuters Saipem does not have any information explaining Monday39;s share movements, a spokesman for the Italian energy contractor said, after the stock closed down 5.7. More than 10 of the share capital of the group was traded on the Milan stock exchange, according to Refinitiv data. The stock hit a low of 1.3750 […]

Price rises needed to further offset raw materials inflation Company expect organic growth of 68 in 2023 CEO says supply chain pressures easing ZURICH, Feb 16 Reuters The world39;s biggest food group Nestle will raise prices further this year, Chief Executive Mark Schneider said on Thursday, after more expensive ingredients contributed to fullyear net profit missing […]

Feb 14 Reuters Idemitsu Kosan Co, Japan39;s secondbiggest oil refiner, revised its full fiscal year net profit forecast down by 32 to 220 billion yen 1.7 billion on Tuesday, expecting lower oil prices and a stronger yen to hit earnings. The revision follows a similar step by Japan39;s top refiner Eneos Holdings Inc, which last week […]

BENGALURU, Feb 16 Reuters Air India has options and purchase rights to buy 370 more aircraft from Airbus and Boeing over the next decade, an company executive said in a recent LinkedIn post, days after the carrier unveiled a record order for 470 jets. The order comprises of 470 firm aircraft, 370 options and purchase rights to […]

Feb 16 Reuters Paramount Global Inc said on Thursday it would raise prices of its flagship streaming service in some markets after reporting a lowerthanexpected quarterly revenue, as a broader slump in the advertising market hit the CBS network owner. Shares in the company fell 7 before the bell. The stock has gained about 45 since […]

Adjusted EBITDA up 60 to record 34.1 billion Metals and fossil fuels trading profit up 73 to record high LONDON, Feb 15 Reuters Glencore announced a payout of 7.1 billion to its investors on Wednesday, including a 1.5 billion share buyback, as strong oil and coal prices helped it post a record annual profit. In preliminary […]