News & Analytic Centre

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 […]