COPENHAGEN, Feb 20 Reuters Dairy producer Arla said on Tuesday that sales could slip this year after a flat 2023 as European consumers continue to cut back spending, although it sees some signs of improving demand. Arla, one of the world39;s biggest dairy producers, said dairy prices had recovered in the second half of 2023 […]

Gotham focuses on links between Grifols and Scranton Grifols categorically rejects false insinuations Shares fall 3.2 MADRID, Feb 20 Reuters Shortseller fund Gotham City Research on Tuesday issued a second report on Grifols, maintaining some of its questions over the Spanish pharmaceutical company39;s accounting practices, dragging its shares down. Gotham City39;s new report focuses on […]

Feb 20 Reuters Discover Financial shares rose 13 before the bell on Tuesday after U.S. lender Capital One39;s 35.3 billion deal for the credit card issuer, while top payment processors fell on bets of a shakeup in a sector where they hold big market share. The allstock deal would give Capital One access to Discover39;s network of payments […]

SYDNEY, Feb 20 Reuters ANZ Group39;s A4.9 billion 3.2 billion buyout of Suncorp39;s banking business was cleared by the Australian Competition Tribunal on Tuesday, meaning the bank can press on with the takeover of its significant rival. The ruling came in response to an appeal by ANZ and Suncorp of a decision by the Australian Competition and […]

LONDON, Feb 20 Reuters The pound is playing catchup with the dollar as investors beef up their bullish positions, and may get extra oomph from data this week showing British business activity is among the strongest in the developed world. Monthly surveys of business activity this week are expected to show the UK topped the […]

LONDON, Feb 20 Reuters Barclays reported a 6 fall in annual profit on Tuesday, in line with expectations as Chief Executive C.S. Venkatakrishnan set out a welter of plans including bumper buybacks, an overhaul of its operations, cost cuts and asset sales to improve performance and lift shares. Barclays will reorganise its business divisions, return […]

GDANSK, Feb 20 Reuters Fresenius Medical Care on Tuesday forecast its core earnings to grow by a mid to highteens percentage this year, after the German dialysis specialist39;s fourthquarter earnings topped market expectations. Last year, the company39;s adjusted operating income increased by 15 to 1.7 billion euros 1.83 billion. Based on the turnaround progress achieved last […]

MOSCOW, Feb 20 Reuters Russian bank VTB reported a record 2023 profit of 432.2 billion roubles 4.68 billion on Tuesday, rebounding from a revised, sanctionsinduced loss of 667.5 billion the year before. Chief Financial Officer Dmitry Pyanov told reporters that the stateowned lender was eyeing another record year in 2024, hoping to earn 435 billion roubles. […]

Feb 20 Reuters French industrial gases firm Air Liquide on Tuesday posted a betterthanexpected annual operating profit and said it had reached the previously announced 2025 margin target ahead of time. The supplier of gases such as oxygen, nitrogen and hydrogen to factories and hospitals said its recurring operating income rose 11.4 on a comparable basis […]

FRANKFURT, Feb 20 Reuters Bayer AG39;s shares slid in volatile trading on Tuesday after the drugmaker said it would slash its dividend over the next three years to reduce its debt. Bayer said late on Monday it would propose a dividend of 0.11 euro 0.12 for 2023, part of a threeyear policy to pay out the […]