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.
ICU – Ukrainian Financial Group Launches the First Ever Mobile Trading Application in the Country
ICU (Investment Capital Ukraine) has become the first Financial Group in Ukraine to introduce a mobile application for trading government bonds in the country. ICU, independent Ukrainian asset management, private equity, and investment banking advisory firm has been working closely with the government to help stimulate the country’s economic growth and development. Globally, most major […]
Taiwan lifts forex trading punishment on Deutsche -sources
Taiwan’s central bank has allowed Deutsche Bank (DBKGn.DE) to start trading Taiwan dollar deliverable and non-deliverable forwards again, three sources told Reuters, after it suspended them as part of a crackdown on speculation last February.
In a time of rising inflation, tourism could be Turkey’s rescue
Turkey’s annual inflation rate has reached a 20-year high of 48.7%, according to government figures released last week. Turkey’s social and economic progress has been outstanding since the 2000s, resulting in increasing employment and earnings and elevating the country to an upper-middle-income status. Turkey increasingly urbanized throughout this time, maintaining strong macroeconomic and fiscal policy […]
Insurer MetLife’s quarterly profit beats on higher investment gains
MetLife Inc’s (MET.N) fourth-quarter profit rose nearly 7% to surpass Wall Street estimates on Wednesday, as strong investment gains cushioned the hit from higher pandemic-related claims in some parts of its business.
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.
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.
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.
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.
Starbucks to hike prices to offset inflation; lowers profit guidance
Starbucks Corp (SBUX.O) will raise menu prices in 2022 and reduce some spending to offset soaring costs for labor and goods, as rising COVID-19 cases prompted the coffee chain on Tuesday to lower estimates for profits this year.
