LONDON, March 3 Reuters Prudentials operating profit rose 4 in 2020, Britains largest insurer said on Wednesday, driven by strength in its main Asian business, as it prepares to split off its U.S. operations. Overall adjusted operating profit from continuing operations came in at 5.5 billion, while Asia adjusted operating profit jumped 13 to 3.7 […]

Walmartowned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance in an ecommerce market that has grown rapidly during the COVID19 pandemic. Flipkart has already expanded online grocery sales to more than 50 Indian cities and intends to reach over 70 locations in the next […]

Nippon Steel, the worlds No.3 steelmaker, will boost research and development RD spending to speed decarbonisation in steelmaking as it faces growing pressure to cut carbon emissions to help tackle climate change, a company executive said. We will input considerable resource into RD on decarbonisation technology, Executive Vice President Katsuhiro Miyamoto told Reuters in an […]

Beyond Meat Inc said on Monday Chief Financial Officer Mark Nelson, who played a key role in the plantbased patty makers blockbuster public listing in 2019, will retire in May. The retirement was voluntary and not a result of any disagreement or on any matter relating to its operations, policies or practices, the company said. […]

In October 2020, Miamibased art collector Pablo RodriguezFraile spent almost 67,000 on a 10second video artwork that he could have watched for free online. Last week, he sold it for 6.6 million. The video by digital artist Beeple, whose real name is Mike Winkelmann, was authenticated by blockchain, which serves as a digital signature to […]

Royal Caribbean Group reported a billiondollar net loss for the fourth straight quarter on Monday, as the cruise operator continued to be affected by a coronavirustriggered halt to voyages. Cruise operators have been shoring up cash reserves by issuing new shares, selling assets or raising billions of dollars in debt over the last few months […]

Danone said on Thursday 2021 would be a year of recovery with a return to profitable growth in the second half following a tough first quarter and after the coronavirus crisis hit the French food groups 2020 sales and profits. Chairman and Chief Executive Emmanuel Faber, who is under growing pressure as activist shareholders push […]

French retailer Casino on Thursday vowed to boost its profitability and cash flow further this year and push on with its asset disposal plan to reduce debts. Casino achieved a 2020 group operating profit of 1.426 billion euros 1.74 billion, up 25.2 at constant exchange rates, helped by cost savings and higher sales in France […]

Costco Wholesale Corp is raising the minimum wage for its hourly staff to 16 from next week, a dollar more than what its competitors Amazon.com Inc and Target Corp pay per hour. The membershiponly retailers move comes as U.S. President Joe Biden plans to raise the minimum wage to 15 per hour by 2025, and […]

MILAN, Feb 25 Reuters Shares of heavilyshorted airline Air France KLM rallied as much as 10 on Thursday as early signs of easing travel restrictions lured investors to a sector heavily hit by the COVID19 pandemic downturn. Traders said a short squeeze was helping drive the gains in the cashburning carrier even though last week […]