Swedbank shares hit by interest income dip
Swedish lender Swedbank (SWEDa.ST) reported slightly worse than expected quarterly earnings on Wednesday, with a drop in interest income disappointing investors and sending its shares down more than 4%.
Telenor Q4 lags forecasts, sees flat to slightly higher 2022 earnings
Norway’s Telenor (TEL.OL) said on Wednesday it expects its earnings to be largely flat or slightly higher in 2022 compared to last year, as it posted quarterly profits below forecasts.
Google propels record Alphabet revenue, driving shares up 8%
Google parent Alphabet Inc (GOOGL.O) reported record quarterly sales that topped expectations on Tuesday, as its internet advertising business surged on consumers using Google search as they shopped online and advertisers upping their marketing budgets.
U.S. airline group warns 5G interference issues could linger for years
It will likely take “years” to permanently address airplane interference issues caused by the deployment of 5G wireless in the C-band, a group representing major U.S. passenger and cargo carriers will tell U.S. lawmakers on Thursday.
Japanese banks sound caution for earnings as Omicron highlights bad loan risks
Japan’s biggest lenders on Wednesday all sounded alarm about the risk the Omicron variant could have on their earnings, reviving concerns that a resurgent pandemic could trigger more bad loans.
Countdown to central bank meetings caps stocks’ advance
Shares rose in Europe on Wednesday as investor sentiment continued to steady after a rout last month, but the advance was capped by concerns over how fast central banks will raise interest rates to quell soaring inflation.
Tesco is ending night-time restocking, putting 1,600 jobs at risk
Tesco has warned that 1,600 jobs are at risk as it phased out midnight replenishment at select stores and converted some petrol stations to pay-at-pump. The intentions come just one day after the grocer announced the closing of its Jack’s bargain outlets. It claimed that refilling shelves during the day will allow more employees to […]
Japan’s ANA surprises with small Q3 operating profit but keeps FY loss guidance
ANA Holdings Inc (9202.T) surprised with a small third-quarter operating profit on Tuesday but Japan’s biggest airline still expects a loss for the year, indicating a worse-than-expected fourth quarter as the Omicron variant spreads.
UBS books best annual profit since 2006, sets loftier goals
UBS (UBSG.S) on Tuesday reported its best annual profit since the global financial crisis, emboldening it to hike share buybacks and set more ambitious profit goals as it banks that more digital products will result in hefty cost-savings.
Is Amazon ready to raise the price of Prime delivery? Wall Street thinks so
When Amazon.com Inc on Thursday reports how it fared during the holiday quarter, a key question will be if the retailer will finally raise the price of Prime, its fast-delivery and media subscription.
