Author Archives: Syndicated Content
Car parts maker Valeo sees lower core profit margin in 2022
(Reuters) - French car parts maker Valeo on Friday forecast its core profit margin would come between 11.8% and 12.3% this year, below last year's level, and unveiled a strategic plan for 2021-2025. T...
Feb 25, 2022
Lending to Swedish households up 6.7 pct in January
STOCKHOLM, Feb 25 (Reuters) - Total lending to Swedish households rose 6.7 percent year-on-year in January, down from plus 6.8 percent in the previous month, the statistics office said on Friday. (Rep...
Feb 25, 2022
French retailer Casino vows to boost cash as 2021 operating profit falls
PARIS (Reuters) - Casino on Friday said it was confident it would recover sales momentum this year in France as the pandemic eases and improve cash flow generation after reporting a 12% fall in 2021 g...
Feb 25, 2022
Cellnex’s core earnings grow 63% in 2021, net loss doubles
BARCELONA (Reuters) - Europe's largest mobile phone tower operator Cellnex said on Friday it doubled its net loss to 351 million euros ($394.35 million) in 2021 due costs linked to its expansion and j...
Feb 25, 2022
Germany suspends Hermes export credit guarantees for Russia – Handelsblatt
BERLIN (Reuters) - Germany is making it more difficult for companies to do business with Russia by suspending Hermes credit guarantees for exports, daily Handelsblatt reported on Friday, citing the ec...
Feb 25, 2022
Rouble pulls up from record low with war in Ukraine, sanctions in focus
MOSCOW (Reuters) - The Russian rouble firmed on Friday, pulling up from all-time lows hit in the previous session when President Vladimir Putin ordered Russian forces to invade Ukraine. No Russian ass...
Feb 25, 2022
Analysis-Russia’s economic defences likely to crumble over time under sanctions onslaught
By Sujata Rao and Marc Jones LONDON (Reuters) - Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to withstand the onslaught...
Feb 25, 2022
Hong Kong families despair as COVID rules may separate them from children
By Farah Master HONG KONG (Reuters) - Guada, a mother of two young children and pregnant with twins, cries herself to sleep at night, worried that Hong Kong's severe COVID-19 rules will separate her f...
Feb 25, 2022
Finnish retailer Stockmann sees better times ahead
HELSINKI (Reuters) - Finnish premium department store chain Stockmann on Friday posted a rise in fourth-quarter earnings and said it expected the positive development to continue as long as no major C...
Feb 25, 2022
Swiss Re swings to 2021 profit, but smaller than expected
FRANKFURT (Reuters) - Swiss Re swung to a smaller-than-expected full-year profit in 2021, the reinsurance company said on Friday, marking a partial rebound from the coronavirus pandemic despite big cl...
Feb 25, 2022
