PARIS, Feb 9 Reuters French sugar and ethanol group Tereos on Wednesday reported a jump in thirdquarter core earnings as high prices helped offset a poor harvest in Brazil. Tereos, the world39;s second largest sugar maker by volume, said adjusted earnings before interest, tax, depreciation and amortisation EBITDA for the quarter ending Dec. 31 rose […]

Hayvn aims for 500 million under management by midyear Firm seeks 150 million in IPO valuing it at 1.5 billion Gulf funds scoped for asset management, equity investments Series B funding aims to raise 30 million DUBAI, Feb 9 Reuters Abu Dhabibased crypto trading firm Hayvn is in talks with institutional investors to anchor a […]

Feb 7 Reuters Nissan Motor Co Ltd plans to stop developing new internal combustion engines in all its major markets except the United States and focus on making electric vehicles, the Nikkei business daily reported on Monday. The automaker will continue limited development of its gasoline engines for its U.S. market, mainly for pickup trucks, according to […]

Saw big demand uptick in all sectors in Q4 Orders grew much more strongly than revenues Expects market to stay stable at start of 2022 Sees positive market momentum this year ZURICH, Feb 3 Reuters ABB expects supply chain bottlenecks to ease during 2022, the Swiss engineering group said on Thursday, after shortages of semiconductors hurt […]

LONDON Reuters British fashion retailer Next lifted its profit forecast on Wednesday after pentup demand for adult clothes and warm weather helped it smash sales forecasts for the last 11 weeks. The mainstay of Britains shopping streets said fullprice sales jumped 19 over the 11 weeks compared with the same period two years ago, before […]

Reuters CocaCola Co raised its fullyear sales and profit forecasts on Wednesday, as demand rebounds for its beverages from the reopening of theaters, restaurants and stadiums. Shares of the worlds largest soda maker rose 2 in early trading. Revenue in CocaColas North America business rose 28 in the second quarter, helped by the vaccineaided reopening […]

ZURICH Reuters Swiss bank UBS on Tuesday posted a 63 rise in secondquarter net profit, as buoyant markets continued to help the worlds largest wealth manager generate higher earnings from managing money for the rich. Secondquarter net profit of 2.01 billion, up from 1.23 billion in the same quarter a year ago, far outpaced expectations […]

BERLIN Reuters German ecommerce pioneer Ralf Wenzels quickdelivery retail platform Jokr, which has gone live in seven countries since launching barely four months ago, said on Tuesday it had raised 170 million from investors to power growth. The Delivery Hero and Softbank veteran has styled the business as an Amazon on steroids and, with revenue […]

Reuters Zoom Video Communications Inc announced a 14.7 billion allstock deal to buy cloudbased call center operator Five9 Inc in its largestever acquisition, as competition intensifies in its core videoconferencing sector. The teleconferencing services provider has become a household name and investor favorite in the year since the coronavirus pandemic, as businesses and schools adopted […]

July 15 Reuters Hellman Friedman said on Thursday it had closed a 24.4 billion fund, the U.S. private equity firms largest ever, which will allow it to continue targeting largescale investments. Hellman Friedman Capital Partners X, the PE firms tenth fund, was significantly oversubscribed and reached its hard cap, it said. The fund also includes […]