Sees solid profit growth in 2023 Sales of blockbuster cancer drugs just below estimates Drugmaker39;s shares have outperformed rivals since 2020 Investor focus on margins in 2023 as operating expenses rise Shares rise more than 4 LONDON, Feb 9 Reuters AstraZeneca on Thursday forecast growth in 2023 earnings and revenue as the British drugmaker seeks to […]

ZURICH, Feb 9 Reuters Credit Suisse Group reported its worst annual loss since the 2008 global financial crisis after rattled clients fled in droves, and warned that a further substantial loss would come this year. Battered by one scandal after another, the bank saw a sharp acceleration in withdrawals in the fourth quarter with outflows of […]

Unilever sees higher prices in 2023, moderating in second half Firsthalf net material inflation seen at 1.5 bln euros LONDON, Feb 9 Reuters Unilever Plc said on Thursday it would continue to raise prices for its detergents, soaps and packaged food to offset rising input costs, and ease up those hikes in the second half of […]

Sees 2023 underlying EBITDA of 811 billion Down from a record 36.8 billion in 2022 Sees lower container volumes and freight rates Shares drop 5 COPENHAGEN, Feb 8 Reuters Shipping group A.P. MollerMaersk warned on Wednesday lower container volumes and freight rates would drive a fourfold plunge in profits this year, even as it reported record […]

Q4 net income falls 35 but above expectations Plans 440 millioneuro share buyback Krupa to take over as CEO in May PARIS, Feb 8 Reuters Societe Generale, France39;s third biggest bank, posted a higherthanexpected profit in the fourth quarter, driven by a strong performance of its corporate and investment banking division as it set aside […]

LONDON, Feb 7 Reuters Revolut is giving customers the chance to earn cryptocurrency rewards if they allow the lender to stake their coins to verify blockchain transactions, in a sign the digital bank is embracing crypto after a series of industry crashes. The feature will be available to customers in Britain and around 30 other […]

BEIJING, Feb 7 Reuters China39;s Baidu Inc said on Tuesday it would complete internal testing of a ChatGPTstyle project called Ernie Bot in March, joining a global race as interest in generative artificial intelligence AI gathers steam. Erniemeaning Enhanced Representation through Knowledge Integration, is a large AIpowered language model introduced in 2019, Baidu said. It has […]

Feb 6 Reuters The New York Stock Exchange NYSE on Monday said it plans to reimburse investors who incurred losses due to a trading glitch last month that caused widespread confusion and resulted in thousands of trades being nullified. NYSE members had submitted compensation claims for losses, and the exchange could potentially face additional claims […]

Q4 net profit down 6.7, below Refinitiv consensus Confident on risk management, raises 2025 targets Plans 5 bln euros worth of share buybacks in 2023 Shares down by more than 1 PARIS, Feb 7 Reuters Shares in BNP Paribas fluctuated between red and green territory in early trading on Tuesday after the euro zone39;s biggest bank […]

BP boosts dividend by 10 in sign of confidence To repurchase more shares Increases spending on oil and gas and renewables Expects to produce more oil and gas for longer LONDON, Feb 7 Reuters BP on Tuesday reported a record profit of 28 billion for 2022 while boosting its dividend in a sign of confidence as […]