By Ron Bousso LONDON (Reuters) – Shell boosted its dividend and share repurchases on Thursday after fourth quarter profits soared to $6.4 billion fueled by higher oil and gas prices and strong gas trading performance. Shell, which moved its headquarter…
Valneva targets 2022 revenue boost of up to 70% on COVID-19 vaccine
(Reuters) – French vaccine developer Valneva targets increasing its revenues year-on-year by up to 70% thanks to a boost from its COVID-19 vaccine candidate, it said on Thursday. The company sees 2022 revenue of between 430 million to 590 million euros…
OMV nearly quadruples Q4 core operating profit
BERLIN (Reuters) – OMV nearly quadrupled its fourth-quarter core operating profit thanks to surging oil and gas prices, the Austrian company said on Thursday. Clean current cost of supplies (CCS) earnings before interest and tax (EBIT), which exclude s…
Bali to welcome first international tourist flight amid cautious reopening
DENPASAR, Indonesia (Reuters) – Indonesia’s holiday island of Bali will welcome its first direct flight carrying foreign tourists for nearly two years on Thursday, but just a handful of visitors will be on board to enter strict quarantine on arrival. A…
Swisscom names Aeschlimann CEO, one-offs swell 2021 net profit
ZURICH (Reuters) – Swisscom named Christoph Aeschlimann as new chief executive on Thursday to succeed Urs Schaeppi when he steps down on June 1 after nine years in the post, the company said as it reported results. Aeschlimann, 45, is head of infrastru…
ABB Q4 profit beats forecasts
ZURICH (Reuters) – ABB reported better-than-expected profit during its fourth quarter on Thursday as the Swiss engineering group saw significantly higher demand but was held back by ongoing disruptions in its supply chain. The maker of fast chargers fo…
Meta shares sink 20% as Facebook loses daily users for the first time
By Elizabeth Culliford and Nivedita Balu (Reuters) – Facebook owner Meta Platforms Inc’s shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming Apple’s privacy changes and increased…
Glencore, Britishvolt team up for UK EV battery recycling plant
By Nick Carey LONDON (Reuters) – Mining giant Glencore and electric vehicle (EV) battery startup Britishvolt will jointly develop a new UK battery recycling plant that will help reuse expensive key raw materials like cobalt and lithium, the two compani…
UK employers push up pay deals as staff shortages and inflation mount
LONDON (Reuters) – British employers are offering higher pay deals in the face of staff shortages and rising inflation, according to a survey published on Thursday when the Bank of England is expected to increase interest rates for the second time in t…
Bank of England poised to act under new inflation strain
By Andy Bruce LONDON (Reuters) – Facing pressure to curb surging inflation, the Bank of England looks set to raise interest rates again on Thursday and signal further unwinding of its pandemic stimulus, including a gradual reversal of its huge bond-buy…