Launches 2 bln share buyback, pays qtrly div of 0.10shr Canada business sale delayed, French sale may not go through London shares rise 6 CEO says no global banking crisis on horizon HONG KONG, May 2 Reuters HSBC Holdings39; profit tripled in the first quarter, beating expectations, as rising interest rates boosted its income and helped […]

Profit lifted by strong trading BP to purchase 1.75 bln of shares Shares lower on slowing buyback LONDON, May 2 Reuters BP made a profit of 5 billion in the first quarter of 2023, up from the previous three months on the back of strong oil and gas trading, but the company39;s shares fell as it […]

May 2 Reuters Russian oil company Lukoil posted a net profit under Russian Accounting Standards RAS of 104.3 billion roubles 1.3 billion in the first quarter of 2023, down 22 from 133.4 billion roubles in the same period 2022. The RAS data does not typically take into account financials from subsidiaries. Russia39;s secondlargest oil producer said […]

May 2 Reuters Germany39;s Lilium NV said on Tuesday it would raise up to 250 million, including from its largest shareholder Tencent Holdings, to fund the development of its eVTOL electric vertical takeoff and landing jet. Lilium39;s U.S.listed shares surged 43.24 to 0.55 in premarket trading after the air taxi developer said the funds will enable […]

BENGALURU, May 2 Reuters India39;s Tata Steel Ltd reported an almost 83 slump in fourthquarter profit on Tuesday, hurt by falling demand in Europe and weak steel prices. The steelmaker39;s consolidated profit was 17.05 billion rupees 208.4 million in the fourth quarter ended March 31, compared with a profit of 97.56 billion rupees a year earlier. […]

May 2 Reuters South Africa39;s Gold Fields said on Tuesday it was setting up a joint venture with Osisko Mining to develop the Windfall gold mining project in Canada. The investment gives Gold Fields an entry point into the Canadian mining sector, which it has coveted for years. Gold Fields said it would pay an initial C300 […]

May 2 Reuters Thomson Reuters Corp on Tuesday reported higherthanexpected sales and operating profit in the first quarter, helped by divestitures and high customer retention rates, as it plans a deeper investment in artificial intelligence. The news and information company reported adjusted earnings of 82 cents per share, beating analyst forecasts for 80 cents. Total revenue […]

BENGALURUCHENNAI, May 2 Reuters Indiabased Pepsi bottler Varun Beverages on Tuesday reported an about 69 jump in quarterly profit on price increases and steady demand, and said it would split each of its existing shares into two. The company reported a consolidated net profit of 4.29 billion rupees 52.46 million for the first quarter ended March […]