BERLIN, Feb 28 Reuters Swiss regulators have rebuked Credit Suisse for serious failings in its handling of a multibillion business with now defunct financier Greensill, the third such public censure in two years. The probe, which investigated Credit Suisse39;s abrupt closure of 10 billion of funds linked to Greensill, found that although portrayed as low […]

Shares drop 4.6 To be hit by cost inflation, lower glyphosate, Xarelto prices CEOdesignate Anderson to take helm in June Departing CEO Baumann says company structure in good shape FRANKFURT, Feb 28 Reuters Bayer warned operating earnings would decline in 2023, adding to the challenges for its new CEO who will take the helm in June, […]

FY profit down 16 Sees 2023 profit lower Shares down 5 LONDON, Feb 28 Reuters Travis Perkins, Britain39;s biggest supplier of building materials, warned of a challenging 2023 as housebuilders slow down projects and homeowners delay improvements due to the country39;s gloomy economic outlook. Travis Perkins, which sells bricks, timber and new kitchens, as well […]

Lifts ROTE target to between 1517 in 20232025 period Raises payout in threeyear strategy to 50 from 40 Bank aims to add 40 million new customers by 2025 Sees NII growing a CAGR between 6 and 7 between 20222025 Sees efficiency ratio of 42, cost of risk of 100 to 110 bps MADRID, Feb 28 […]

Feb 28 Reuters Bank of Nova Scotia Scotiabank reported a lower firstquarter profit on Tuesday, as a lull in its investment banking division dented income from its capital markets unit and compelled the Canadian lender to set aside higher provisions. Net income, excluding oneoff items, came in at C2.37 billion 1.75 billion, or C1.85 a share, […]

BARCELONA, Feb 28 Reuters Spanish pharmaceuticals company Grifols39; fullyear net profit rose 10 to 208 million euros 220.19 million as blood plasma collection grew more than 25 and said it expects core earnings to grow significantly in 2023. Grifols, which uses blood plasma to make medicines, reported on Tuesday total revenues of 6 billion euros, a […]

RIYADHDUBAI, Feb 28 Reuters Saudi Basic Industries Corp SABIC, one of the world39;s biggest petrochemical companies, said on Tuesday its fourthquarter net profit slumped 94 on lower average sales prices. The company posted a net income of 290 million riyals 77.28 million in the threemonth period ended Dec. 31, down from 4.97 billion a year […]