Italy’s biggest insurer Assicurazioni Generali said on Friday its profit in the first three months rose 8.6 percent to top forecasts, driven by a strong performance in non-life business. The company said net profits in the period came in at 581 million euros ($696 million), above an analyst consensus provided by the company of 575 […]
Read moreBNP Paribas reported a 17 percent fall in net income during the first quarter of the year, highlighting “lackluster” trading activity in Europe. The French bank announced profits of 1.57 billion euros ($1.88 billion) for the first quarter on Friday. This was down from 1.89 billion euros a year ago but was in line with […]
Read moreCurrency, United States Finance
Societe Generale first-quarter results take a hit from low volatility in Europe and new regulation
Societe Generale reported first-quarter net income that beat market expectations on Friday, but the French bank highlighted two major headwinds that led to disappointing revenue numbers across different divisions. It annonced group net profits of 850 million euros ($1 billion), slightly above last year’s performance. Net banking income stood at 6.294 billion euros for its […]
Read moreEuropean shares are set to open higher Friday as investors monitor trade talks between the U.S. and China and wait for key economic data. The FTSE 100 is seen up by 26 points at 7,529; the DAX is seen higher by 58 points at 12,741; and the CAC 40 is expected to start up by […]
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WHEN the Gulf carriers trumpet a new route, it tends to be one that goes to a major city with an international reputation. The big three—Emirates of Dubai, Etihad of Abu Dhabi and Qatar Airways—usually put on a good show to celebrate new flights to places such as London, New York or Beijing. And so many […]
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[unable to retrieve full-text content] “DON’T panic yet,” advises the sandwich king of Ohio. Robert Grote is chief executive of JE Grote Company, a family-run firm in Columbus that is a global manufacturer of pizza-preparation machines, bacon-slicers and automated sandwich-makers. Since about half of its $60m or so of annual sales comes from outside America […]
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[unable to retrieve full-text content] AFTER just 18 days as Deutsche Bank’s chief executive, Christian Sewing had two tasks to perform on April 26th. The easy one, inherited from his ousted predecessor, John Cryan, was to report predictably glum first-quarter results. Net profit dropped by 79%, year on year, to only €120m ($147m). Harder was […]
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[unable to retrieve full-text content] IT WAS not the sort of do-it-yourself activity that Castorama, a French home-improvement chain, usually promoted. The search engine on the firm’s website started offering customers puerile responses to their inquiries. Its auto-complete text function suggested such intriguing products as a “bollock hammer” or “cock sander”. It also returned offensive […]
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[unable to retrieve full-text content] WARFARE has been transformed by drones. Using pilotless aircraft armed with precision weapons America can kill its enemies—in, say, the Hindu Kush or Syria—with a click of a mouse. There is a similar shift in economic diplomacy, where Uncle Sam has perfected new weapons that exploit its power over the […]
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[unable to retrieve full-text content] Blue-skies regulation AS BRITAIN’S prime minister between 2010 and 2016, David Cameron championed financial transparency, targeting anonymous shell companies as the getaway cars of tax-evaders and money-launderers. On his watch Britain became the first G20 country to commit to a publicly accessible register of company owners. Mr Cameron tried to […]
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