Caterer Compass feeds share price rise with strong revenue recovery
Compass Group (CPG.L), the world’s largest catering firm, said on Thursday its first-quarter revenue was near pre-pandemic levels and stuck to its annual forecast, lifting its shares.
EXCLUSIVE India LIC’s embedded value set at over $66.8 bln, govt official says
State-run Life Insurance Corporation of India’s (LIC) embedded value has been finalised at more than 5 trillion rupees ($66.82 billion), a government official who is overseeing what is expected to be the country’s largest IPO said on Thursday.
Explainer: The U.S. yield curve has been flattening – Why you should care
The U.S. Treasury yield curve has been flattening over the last few months as the Federal Reserve prepares to hike rates, and some analysts are forecasting more extreme moves or even inversion.
Publicis bets on further growth in 2022 after digital ad boost
Publicis Groupe (PUBP.PA), the world’s third-biggest advertising agency, on Thursday forecast organic sales growth of 4% to 5% this year, after its 2021 earnings exceeded their pre-pandemic levels to reach new records.
Analysis: Investors bank on real yields to boost dollar in months ahead
The dollar’s choppy start to the year has not dissuaded some investors from betting the U.S. currency will soon resume its march higher, lifted by a hawkish Federal Reserve and rising real yields.
Euro zone business growth lost more momentum in Jan as Omicron hit demand
Euro zone economic growth lost more momentum in January as the bloc’s dominant services industry suffered from subdued demand amid tighter restrictions to contain the Omicron coronavirus variant, a survey showed.
Nokia resumes dividend, share buybacks as turnaround gathers pace
Nokia (NOKIA.HE) on Thursday restarted its quarterly dividend and initiated a share buyback programme after reporting fourth-quarter comparable operating earnings above markets estimates as the Finnish telecoms equipment maker kept costs in check.
Shell ends 2021 on high note, hikes dividend, buybacks again
Shell (SHEL.L) again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance.
Ford to make new investment of up to $20 billion in EV push- Bloomberg News
Ford Motor Co (F.N) is planning additional investment of up to $20 billion in building its electric vehicles, Bloomberg News reported on Tuesday.
Omicron restrains U.S. manufacturing; supply bottlenecks slowly easing
A measure of U.S. manufacturing activity fell to a 14-month low in January amid an outbreak of COVID-19 cases, supporting the view that economic growth lost steam at the start of the year.
