Category Archives:
Asia credit investors feel the pain of China property exposure
By Xie Yu HONG KONG (Reuters) - China's crisis-hit property sector has driven underperformance this year in some Asia-focused credit funds, including one led by a former Lehman Brothers portfolio mana...
Jul 28, 2022
Schroders assets under management up 1% on demand for alternatives
LONDON (Reuters) - British fund manager Schroders on Thursday reported a 1% rise in assets under management to 773 billion pounds ($941.51 billion) in the first half, supported by demand for alternati...
Jul 28, 2022
Truckmaker Iveco raises 2022 guidance, exits Russian JV
MILAN (Reuters) - Truckmaker Iveco Group on Thursday raised its full-year guidance after a solid second quarter due to a resilient performance of its industrial operations and improved profitability a...
Jul 28, 2022
Takeda sees quarterly profit drop 39% after last year’s one-time gains
TOKYO (Reuters) - Japan's Takeda Pharmaceutical Co said on Thursday first-quarter profit slumped 39% percent from a year earlier, when earnings had been boosted by the sale of its diabetes drug portfo...
Jul 28, 2022
Poste Italiane Q2 net profit up 44% on strong payment & mobile business
MILAN (Reuters) - Net income at Italy's Poste Italiane rose 44% in the second quarter to 469 million euros, mainly thanks to strong growth in the payment and mobile division and cost-cutting in the ma...
Jul 28, 2022
Panasonic posts 39% drop in Q1 operating profit, misses estimate
TOKYO (Reuters) - Japan's Panasonic Holdings Corp said on Thursday first-quarter operating profit fell to 63.7 billion yen ($470.60 million)from 104.4 billion a year earlier, when profits rose on pand...
Jul 28, 2022
ITV sees 9-month ad revenue flat, before World Cup boost
LONDON (Reuters) - Britain's ITV said on Thursday it expected total advertising revenue for the nine months to be flat, before it enjoys a pick up from the soccer World Cup at the end of the year. The...
Jul 28, 2022
Barclays reports first half profit slumps on conduct charges
By Lawrence White LONDON (Reuters) - Barclays reported first half profit fell more than expected due to a huge 1.9 billion pound hit for regulatory misteps mostly from covering the costs of having to ...
Jul 28, 2022
Britain’s BT returns to revenue growth, reaffirms guidance
LONDON (Reuters) -BT Group met market expectations on Thursday with a 1% increase in first-quarter revenue, helped by price rises and improved trading in its consumer division and Openreach networks. ...
Jul 28, 2022
British defence firm BAE names new chair as results top estimates
LONDON (Reuters) -BAE Systems, Britain's biggest defence company, named Cressida Hogg as its next chair on Thursday, as it reported stronger-than-expected half-year results and announced a new share b...
Jul 28, 2022
Peoria, IL, USA
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