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 […]

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 […]

Feb 22 Reuters A blankcheck firm backed by billionaire Alec Gores and investment bank Guggenheim Partners is looking to raise nearly 750 million through an initial public offering IPO, a regulatory filing showed on Monday. Gores Guggenheim, cosponsored by Gores Group LLC and Guggenheim, said it plans to sell 75 million units composed of shares […]

Greeces Alpha Bank will sell a 10.8 billion euro 13.09 billion portfolio of impaired loans and 80 of loan services provider Cepal Holdings to U.S. fund Davidson Kempner under a definitive agreement it announced on Monday. The sale of the portfolio, known as Galaxy, will be the secondlargest rated securitisation of nonperforming exposures NPEs in […]

JOHANNESBURG, Feb 24 Reuters Anglo Pacific has agreed to buy a share of cobalt production from Vales Voiseys Bay mine in Canada, giving the mining royalty and streaming company exposure to the key battery metal for the first time, it said on Wednesday. Under the deal, Anglo Pacific will buy a company holding a 70 […]

HONG KONG, Feb 24 Reuters Hong Kong Stock Exchanges operator posted a 23 jump in 2020 net profit on Wednesday that was marginally above estimates, buoyed by higher trading volumes due to coronavirusdriven market gyrations, while Stock Connect schemes linking the bourse with mainland China also boosted volumes. Hong Kong Exchanges and Clearing HKEX posted […]

LONDON, Feb 24 Reuters Lloyds Banking Group reported a sharp fall in profits for 2020 but resumed paying a dividend, as outgoing CEO António HortaOsório set out fresh targets to expand the banks insurance and wealth business and further cut costs. Britains biggest domestic lender reported pretax profits of 1.2 billion pounds 1.70 billion, well […]

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 […]

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 […]

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 […]