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Stellantis profitability beats target in first year after merger
By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) -Stellantis said the margin on its adjusted operating profit climbed to 11.8% in its debut year, above its target of around 10%, thanks to str...
Syndicated Content Feb 23, 2022
Puma predicts strong 2022 even as inflation weighs
BERLIN (Reuters) -German sportswear maker Puma said on Wednesday it expected sales to grow at least 10% on a currency-adjusted basis in 2022 but it cautioned that COVID-19 restrictions and inflationar...
Syndicated Content Feb 23, 2022
Ted Baker fourth-quarter sales jump 35%
(Reuters) - Upmarket fashion retailer Ted Baker reported higher fourth-quarter sales on Wednesday as demand for office and party wear remained strong even in the face of Britain's pandemic-related cur...
Syndicated Content Feb 23, 2022
Barclays annual profit more than doubles as bad loans ebb
LONDON (Reuters) - Barclays reported its annual profit more than doubled as bad loan charges plunged and its investment bank continued its strong recent performance amid market volatility in the COVID...
Syndicated Content Feb 23, 2022
German consumer morale darkens on COVID, inflation – GfK
BERLIN (Reuters) - German consumer morale is projected to deteriorate in March as a sharp increase in COVID infection rates in early February and high inflation figures overshadowed positive medium-te...
Syndicated Content Feb 23, 2022
Munich Re forecasts 2022 profit lift after pandemic rebound
FRANKFURT (Reuters) -German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback in 2021 from the coronavirus pandemic despite big claims from n...
Syndicated Content Feb 23, 2022
Filmstar Leonardo DiCaprio invests in French champagne brand Telmont
PARIS (Reuters) -Hollywood actor Leonardo DiCaprio has bought an equity stake in French champagne house Telmont, its majority owner Remy Cointreau said on Wednesday, as luxury brands strike partnershi...
Syndicated Content Feb 23, 2022
Danone unveils stronger-than expected Q4 sales, to give guidance on March 8
PARIS (Reuters) - Danone delivered stronger-than-expected sales growth in the last quarter of 2021 amid a challenging environment marked by mounting inflation, and its new chief executive said much re...
Syndicated Content Feb 23, 2022
First Abu Dhabi Bank takes orders for $500 million sukuk
DUBAI (Reuters) - First Abu Dhabi Bank, the United Arab Emirates' largest lender, is expected to sell $500 million in Islamic bonds on Wednesday and has begun taking orders, bank documents showed. Ini...
Syndicated Content Feb 23, 2022
ECB could hike rates in summer before ending bond buys: Holzmann
ZURICH (Reuters) - The European Central Bank could begin increasing interest rates before ending its bond purchasing programme, ECB policymaker Robert Holzmann said in an interview with Swiss newspape...
Syndicated Content Feb 23, 2022
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