Quarterly net profit rises to 2.28 bln euros Bank reports fullyear 2021 net profit after 2020 loss Results are in line with analysts39; forecasts ROTE target of 13, efficiency ratio of about 45 in 2022 MADRID, Feb 2 Reuters Spain39;s Santander released 750 million euros 846 million in pandemicrelated provisions in the fourth quarter, betting on […]

STOCKHOLM, Feb 2Reuters Swedish lender Swedbank reported slightly worse than expected quarterly earnings on Wednesday, with a drop in interest income disappointing investors and sending its shares down more than 4. After tracking a robust recovery from the first waves of the COVID19 pandemic through much of 2021, Nordic economies hit a bump in the road […]

LONDON, Feb 2 Reuters Vodafone, the telecoms group targeted by activist investor Cevian Capital, said it was working to improve shareholder returns by tackling weaker parts of its business, as it reported a rise in quarterly revenue. Chief Executive Nick Read said Vodafone had delivered a solid quarter, with a 2.7 rise in thirdquarter group […]

Feb 9 Reuters Uber Technologies Inc on Wednesday reported its second quarterly operating profit as demand for its ridehailing service approached prepandemic levels and its food delivery business turned profitable for the first time. Shares were up nearly 6 in afterhours trading. The company39;s firstquarter outlook fell short of Wall Street expectations as the Omicron coronavirus […]

PARIS, Feb 9 Reuters French sugar and ethanol group Tereos on Wednesday reported a jump in thirdquarter core earnings as high prices helped offset a poor harvest in Brazil. Tereos, the world39;s second largest sugar maker by volume, said adjusted earnings before interest, tax, depreciation and amortisation EBITDA for the quarter ending Dec. 31 rose […]

LONDON Reuters British fashion retailer Next lifted its profit forecast on Wednesday after pentup demand for adult clothes and warm weather helped it smash sales forecasts for the last 11 weeks. The mainstay of Britains shopping streets said fullprice sales jumped 19 over the 11 weeks compared with the same period two years ago, before […]

Reuters CocaCola Co raised its fullyear sales and profit forecasts on Wednesday, as demand rebounds for its beverages from the reopening of theaters, restaurants and stadiums. Shares of the worlds largest soda maker rose 2 in early trading. Revenue in CocaColas North America business rose 28 in the second quarter, helped by the vaccineaided reopening […]

ZURICH Reuters Swiss bank UBS on Tuesday posted a 63 rise in secondquarter net profit, as buoyant markets continued to help the worlds largest wealth manager generate higher earnings from managing money for the rich. Secondquarter net profit of 2.01 billion, up from 1.23 billion in the same quarter a year ago, far outpaced expectations […]

BERLIN Reuters German ecommerce pioneer Ralf Wenzels quickdelivery retail platform Jokr, which has gone live in seven countries since launching barely four months ago, said on Tuesday it had raised 170 million from investors to power growth. The Delivery Hero and Softbank veteran has styled the business as an Amazon on steroids and, with revenue […]

Reuters Zoom Video Communications Inc announced a 14.7 billion allstock deal to buy cloudbased call center operator Five9 Inc in its largestever acquisition, as competition intensifies in its core videoconferencing sector. The teleconferencing services provider has become a household name and investor favorite in the year since the coronavirus pandemic, as businesses and schools adopted […]