Gulf Markets End Mixed on Earnings, US Rate Outlook

Feb 15 Reuters Stock markets in the Gulf ended mixed on Thursday, following a slew of upbeat corporate earnings, while regional tensions and dampened hopes of early rate cuts by the U.S. Federal Reserve weighed on sentiments. Saudi Arabia39;s benchmark index gained 0.4, with Americana Restaurants International surging 9.8 its biggest intraday gain since December 2022. […]
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Pernod Ricards Shares Rise on Hopes of Growth Recovery

Now sees flat FY sales vs growth previously Reduces share buyback to 300 mln euros from 500800 mln Sees better H2 and sticks with medium term targets Shares rise over 6 PARIS, Feb 15 Reuters Pernod Ricard39;s shares rose over 6 on Thursday as the French spirits maker left its longerterm growth ambitions intact, even as […]
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Cash Haul Drives Renault, Stellantis Shares Higher

PARISMILAN, Feb 15 Reuters Shares in Renault hit sevenmonth highs and rival Stellantis shot to record peaks on Thursday after the carmakers pledged to reward investors with a big jump in annual dividend and a share buyback worth billions of euros. The bumper payouts helped soothe investors39; concerns over the outlook for European carmakers as they struggle […]
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Japan Chipmaker Renesas to Buy Software Firm Altium for 5.9B

TOKYO, Feb 15 Reuters Japan39;s Renesas Electronics on Thursday said it would buy electronics design firm Altium for 5.9 billion in cash, as the acquisitive automotive chipmaker looks to offer digital device design to customers. The acquisition places Renesas at the forefront of dealmaking and investment in Japan39;s chips industry, with the government making efforts to improve […]
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BHP Flags 5.7B Impairments on Samarco Dam Failure, Nickel Operations

3.2 billion non cash impairment on Samarco 2.5 billion impairment on Nickel West operations Dividend expectations not seen changed analyst MELBOURNE, Feb 15 Reuters BHP Group will record another 3.2 billion impairment in relation to its Brazilian Samarco dam failure, and a 2.5 billion impairment charge for its Western Australia Nickel business, the world39;s biggest listed […]
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Airbus Plans Special Dividend, Takes new Space Charge

PARIS, Feb 15 Reuters Europe39;s Airbus unveiled a special dividend on Thursday after posting higher 2023 results, buoyed by record airplane orders and higher deliveries but dampened by a fresh charge of 200 million euros 214.62 million in its troubled Space unit. The world39;s largest commercial planemaker said core adjusted operating profit rose 4 to 5.8 […]
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Games Group Embracer Misses Q3 Operating Profit Estimate

Feb 15 Reuters Swedish games developer Embracer on Thursday reported slightly weaker than expected operating profit for the October to December period, adding it may miss its debt reduction target, but it maintained its fullyear forecast. The owner of the Tomb Raider franchise said its adjusted operating profit rose 7 to 2.15 billion Swedish crowns 204.40 […]
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Barclays Eyes SocGens UK Private Bank, Sources say

LONDONZURICH, Feb 15 Reuters Barclays is in the early stages of considering a bid for Societe Generale39;s UK private bank, in an effort to expand its business targeting wealthy individuals, three people familiar with the matter told Reuters. SocGen, advised by Rothschild Co, has begun inviting bidders to take part in an auction for its Kleinwort Hambros […]
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