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 […]

MELBOURNE, Feb 6 Reuters Breakingviews Whats a company to do when a rival is looking for a new chief executive amidst some production snafus? Buy it, of course. Thats precisely what Newmont boss Tom Palmer has just done, offering 17 billion in stock for Australian gold excavator Newcrest Mining. At present Newmont is offering a 22 premium to the targets undisturbed […]

LONDON, Feb 6 Reuters Barclays39; coheads of equities, Todd Sandoz and Paul Leech, have stepped down from their roles and left the bank, a company spokesperson said on Monday, as the British bank continues a reshuffle of its investment bank39;s management. Stephen Dainton, who has run the business in the past, has taken over as interim […]

Feb 6 Reuters Dell Technologies Inc is cutting about 6,650 jobs, or 5 of its global workforce, as it struggles with a slump in the personal computer market and braces for a potential recession. The move on Monday aligns Dell with a raft of U.S. companies from Goldman Sachs Group Inc to Alphabet Inc that have laid off […]

Feb 6 Reuters Tyson Foods Inc widely missed Wall Street estimates for quarterly profit on Monday and cut its expectations for operating margins this year in the face of falling beef prices and easing demand for pork. The results sent the U.S. meatpacker39;s shares down more than 5 in premarket trade. A year earlier Tyson39;s profits […]

LONDON, Feb 6 Reuters Nissan and Renault on Monday unveiled details of their redesigned alliance, with the Japanese car maker committing to buy a stake of up to 15 in Renault39;s electric vehicles unit Ampere. The alliance junior partner Mitsubishi Motors will also consider investing in Ampere, which Renault aims to list, the companies said in a statement. […]

BEIJING, Feb 3 Reuters Tesla Inc sold 66,051 Chinamade electric vehicles in January, data published by the China Passenger Car Association showed on Friday. That was up 18 from December, when the U.S. electric car maker sold 55,796 Chinamade vehicles, and 10 higher versus January last year. Tesla39;s Shanghai plant in December cut output by about […]

2022 net profit on likeforlike basis up 29.7 Sees NII growing around 30 in 2023 Aims to maintain payout policy of 5060 this year Sees higher costs in 2023 Shares rise around 3 MADRID, Feb 3 Reuters Spain39;s Caixabank expects higher interest rates to boost its lending income by around 30 this year, it said on […]

DETROIT, Feb 2 Reuters Ford Motor Co on Thursday said quarterly profits fell and the automaker predicted a difficult year ahead, sending its shares down after the bell as investors were disappointed following this week39;s robust report from rival General Motors Co. Ford blamed chip shortages and other supply chain issues and production instabilities that raised […]