RollsRoyce Boosted by Return to Flying and Defence Demand

LONDON, May 12 Reuters RollsRoyce traded in line with expectations in the first four months of the year, the engine manufacturer said on Thursday, helped by a gradual return to flying and increased government investment in defence. The British company reiterated its forecasts and set a mediumterm outlook for its civil aerospace division, saying it expected […]
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HSBC Launches 1 bln Lending Fund for Female Entrepreneurs

SINGAPORE, May 12 Reuters HSBC Holdings said on Thursday it was launching a 1 billion lending fund to invest in femaleowned businesses over the next 12 months. The level of funding received over time by femaleled businesses is significantly lower than male counterparts, while the recent impacts of the pandemic have seen these same businesses disproportionately […]
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Deutsche Telekom Results Beat Estimates on Subscriber Gains

May 13 Reuters Deutsche Telekom reported quarterly core profit and revenue above market estimates on Friday, boosted by its U.S. unit, TMobile, along with growth in its European business, and lifted its fullyear outlook. Adjusted earnings before interest, tax, depreciation and amortisation after leases EBITDA AL stood at 9.87 billion euros 10.26 billion, beating consensus estimates […]
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Toshiba Receives Interest from 10 Potential Investors

TOKYO, May 13 Reuters Japan39;s Toshiba Corp said on Friday it has received interest from 10 potential investors after it solicited buyout offers. It also announced a special dividend of 160 yen per share, worth some 545 million, in an apparent effort to placate activist shareholders it has long been at odds with. The industrial conglomerate […]
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