Unilever faces fresh pressure over margins as it backs down on M&A
Unilever (ULVR.L) warned of a big hit to profit margins this year as it struggles to pass on higher costs to consumers, and ruled out major acquisitions after investor criticism of its failed pursuit of GlaxoSmithKline’s consumer health business.
Credit Suisse flags weak 2022, ends a torrid year with $2.2 bln quarterly loss
Credit Suisse (CSGN.S) on Thursday capped a scandal-ridden year with a $2.2 billion quarterly loss and said 2022 earnings would be weighed down by restructuring and compensation costs.
Car sharing and better algorithms – how Uber plans to impress during its investor day
Uber Technologies Inc (UBER.N) will outline its strategy for growth and new business opportunities when it holds its first investor day as a public company on Thursday, after teasing news on a global car-sharing network and improved algorithms to keep costs low.
Analysis: Investors eye uncharted waters as quantitative tightening looms in Canada
As the Bank of Canada prepares to shrink its bloated balance sheet, investors say the move could enable expected interest rate hikes to have more far-reaching impact on economic activity.
Explainer: Europe’s banks fear payment system could be casualty of Russia-Ukraine crisis
Amid fears of a Russian invasion of Ukraine, Italy’s UniCredit has backed out of a potential acquisition in Russia and Austria’s Raiffeisen Bank International has set aside risk provisions for possible sanctions on Russia.
ECB could raise rates in 2022, new Bundesbank chief says
The European Central Bank could raise interest rates this year as high inflation is proving more persistent than once thought, Bundesbank President Joachim Nagel told German newspaper Die Zeit on Wednesday.
Bunge quarterly profit rises 17% on agribusiness boost
Global farm commodities trader Bunge Ltd (BG.N) reported a 17.1% rise in fourth-quarter adjusted profit on Wednesday as large oilseed crops in North America and Europe and strong demand for processed meal and oil bolstered its core agribusiness.
Exclusive: Treasury wants to stir up U.S. alcohol market to help smaller players
The U.S. Treasury Department on Wednesday flagged concerns about consolidation in the $250 billion annual U.S. alcohol market and outlined reforms it said could boost competition and save consumers hundreds of millions of dollars each year.
GSK sees sales growth in 2022 after quarterly beat, prepares for spin-off
Britain’s GSK (GSK.L) forecast growth in 2022 after racking up 1.4 billion pounds ($1.9 billion) in COVID-related sales in 2021, beating quarterly forecasts in its first earnings report since rejecting Unilever’s (ULVR.L) bid for its consumer arm.
Greece’s fledgling tech scene starts to take off
After years in which Greece was almost as well known for its financial woes as it was for its beaches, recent deals have highlighted a small but thriving startup scene that has grown up since the crisis.
