FRANKFURT, July 27 Reuters BASF on Wednesday lifted its guidance for fullyear revenue as it continues to pass on higher raw material and energy prices to customers, but it flagged production outage risks in Europe if Russian gas supplies drop further. The major chemicals maker also said the effects of the war in Ukraine and any […]

ZURICH, July 27 Reuters Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss bank that announced a strategic review as it struggles to recover from a series of scandals. Pressure had been mounting on current chief executive Thomas Gottstein for months […]

Q2 profit double analyst forecast, year ago figure Applied to ECB for 1 bln euro buyback previously on hold Lending momentum easing in Q3, uncertainty weighs on fees MILAN, July 27 Reuters UniCredit raised its 2022 outlook on Wednesday after a surprisingly strong second quarter in which it cut exposure to Russia and moved ahead […]

Sees much higher 2022 revenues vs slightly higher before Sees slightly higher 2022 earnings, vs flat before Q2 adjusted EBIT 7.4 ahead of consensus BERLIN, July 27 Reuters MercedesBenz is boosting its supply chain by dealing directly with chipmakers and forming contingency plans to cut gas usage by up to 50 in Germany, it said on […]

WBC targets to reduce Scope one and two emissions by 90 in 2030 Aims to cut Scope three emissions by 35 by 2030 Set to launch 10minute mortgage approval process July 27 Reuters Australia39;s Westpac Banking Corp unveiled its plans on Wednesday to reduce lending to coal, oil and gas companies by nearly a quarter by […]

MILAN, July 27 Reuters Italy39;s Eni said it would receive about 27 million cubic metres of gas from Russia39;s Gazprom on Wednesday, down from the daily average volumes of around 34 million in recent days. Eni added it would provide further updates in the event of significant changes in delivery volumes communicated by Gazprom. On Monday statecontrolled […]

Eighth quarter of profit Abandons cost target for 2022 Cuts investment bank 2022 revenue outlook More cautious on 2022 ROTE target CEO warns months ahead challenging FRANKFURT, July 27 Reuters Deutsche Bank posted a betterthanexpected 51 rise in secondquarter profit on Wednesday as investment banking revenues rose, though the lender was less optimistic about the division39;s […]

Q2 lfl sales up 7.7 vs est. 5.6 growth Danone now eyes 56 lfl sales growth in 2022 Danone keeps outlook for 2022 op. margin above 12 PARIS, July 27 Reuters Danone raised its annual revenue growth forecast after its secondquarter likeforlike sales beat analysts39; estimates on strong demand for baby food and bottled water, even […]

LGES raises annual revenue target by 15 to 22 trln won Looking into new production site in Europe Says it is still reviewing Arizona investment Plans to expand LFP battery production in China, U.S. SEOUL, July 27 Reuters Tesla supplier LG Energy Solution Ltd LGES said on Wednesday it was looking at sites in Europe for […]

Q1 sales 409.9 mln euros, up 27 organic vs est. 19.1 China sales up doubledigit in June, down doubledigit AprilMay Eyes strong sales growth, op margin improvement in FY 202223 PARIS, July 26 Reuters Remy Cointreau said it was confident over prospects for its current financial year, after firstquarter sales beat expectations and cognac sales strongly […]