Barclays suspends sales of two products linked to oil, volatility
British bank Barclays (BARC.L) said on Monday it had suspended the sales and issuance of two exchange-traded notes (ETNs) with combined assets of about $1 billion – one linked to crude oil and another to a gauge of market volatility – due to capacity constraints, in a move that some investors said could spur big price swings in the products.
Barclays boosts investor payouts after record annual profit
LONDON, Feb 23 (Reuters) – Barclays (BARC.L)reported a record annual profit for 2021 and returned 2.5 billion pounds to shareholders via dividends and buybacks, as bad loan charges plunged and its investment bank continued its strong recent performance. The British lender on Wednesday reported a pretax profit of 8.4 billion pounds ($11.42 billion), above analyst expectations […]
StanChart bets on rate hikes to hit lofty goals as profit disappoints
Standard Chartered (STAN.L) has raised its core profitability goals and promised shareholders extra payouts, despite full year profit undershooting expectations, as it banks on inflation-battling rate hikes worldwide to boost lending.
Italy’s UniCredit beats profit forecasts and drops Russian deal
Italian bank UniCredit (CRDI.MI) posted better than expected 2021 results on Friday as the push by new Chief Executive Andrea Orcel to lift revenue began to bear fruit while costs remained in check despite rising pay and one-off charges.
Toshiba should overhaul board and management, major Japan pension fund says
Toshiba Corp’s (6502.T) proposal to split itself into three companies won’t solve its governance issues and the conglomerate should prioritise an overhaul of its board and management, said a senior executive at one of Japan’s largest pension funds.
Shell pursues $7 billion buyback ‘at pace’ despite LNG troubles
Royal Dutch Shell said it will pursue “at pace” a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron.
Tencent hands shareholders $16.4 bln windfall in the form of JD.com stake
Chinese gaming and social media company Tencent (0700.HK) will pay out a $16.4 billion dividend by distributing most of its JD.com (9618.HK) stake, weakening its ties to the e-commerce firm and raising questions about its plans for other holdings.
EXCLUSIVE No takers for Malaysia’s 5G plan as major telcos balk over pricing, transparency
None of Malaysia’s major mobile carriers have agreed to use the government’s 5G network yet due to transparency and pricing issues, ahead of a rollout planned for next month, a state agency and industry executives said.
Credit Suisse Chairman Horta-Osorio says big investors back overhaul
Credit Suisse’s (CSGN.S) big shareholders back the scandal-hit bank’s new strategy, Chairman Antonio Horta-Osorio told Swiss newspaper NZZ am Sonntag, adding the group would also overhaul its pay system for executives to reduce risk.
Philip Morris gets over a fifth of Vectura shares in takeover tender offer
Cigarette maker Philip Morris International (PMI) (PM.N) said on Wednesday shareholders holding 22.61% of Vectura (VEC.L) shares had tendered their stock to the tobacco group as part of its deal to buy the asthma drug maker for 1.1 billion pounds ($1.51 billion).
