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ArcelorMittal cuts steel demand forecast, beats profit expectations

ArcelorMittal cuts steel demand forecast, beats profit expectations

ArcelorMittal cuts steel demand forecast beats profit expectations By Marine Strauss..

Banks to fuel boom in UK Plc regular dividend payouts

Banks to fuel boom in UK Plc regular dividend payouts

Banks to fuel boom in UK Plc regular dividend payouts MILAN (Reuters) – A reco..

Mercedes-Benz says better supplies boost orders, economy still weighs

Mercedes-Benz says better supplies boost orders, economy still weighs

Mercedes-Benz says better supplies boost orders, economy still weighs BERLIN (Reuter..

Facebook parent Meta sees advertising jump, tops Wall Street targets

Facebook parent Meta sees advertising jump, tops Wall Street targets

Facebook parent Meta sees advertising jump, tops Wall Street targets By Katie Paul a..

Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google

Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft, Google

Exclusive-Amazon has drawn thousands to try its AI service competing with Microsoft,..

Nissan seals Renault deal, now faces hard yards in China

Nissan seals Renault deal, now faces hard yards in China

Nissan seals Renault deal, now faces hard yards in China By Daniel Leussink and Gill..

Limited support for central bank digital currencies in global investment industry survey

Limited support for central bank digital currencies in global investment industry survey

Limited support for central bank digital currencies in global investment industry su..

Exclusive-EU regulators rebuff Meta’s offer to curb use of ad data, sources say

Exclusive-EU regulators rebuff Meta’s offer to curb use of ad data, sources say

Exclusive-EU regulators rebuff Meta’s offer to curb use of ad data, sources sa..

Intel, Ericsson to work together on custom 5G chip

Intel, Ericsson to work together on custom 5G chip

Intel, Ericsson to work together on custom 5G chip By Stephen Nellis (Reuters) ̵..

Navigating the AvaTrade Platform: A Comprehensive Guide for UK Traders

Navigating the AvaTrade Platform: A Comprehensive Guide for UK Traders

Navigating the AvaTrade Platform: A Comprehensive Guide for UK Traders Trading in fi..

Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources

Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources

Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -s..

Dulux maker Akzo Nobel lifts outlook on easing raw material costs

Dulux maker Akzo Nobel lifts outlook on easing raw material costs

Dulux maker Akzo Nobel lifts outlook on easing raw material costs By Matteo Allievi ..

France’s Thales to buy Imperva in $3.6 billion cybersecurity deal

France’s Thales to buy Imperva in $3.6 billion cybersecurity deal

France’s Thales to buy Imperva in $3.6 billion cybersecurity deal By Tim Hephe..

Peace-themed torch unveiled for Paris 2024 Olympics

Peace-themed torch unveiled for Paris 2024 Olympics

PARIS (Reuters) – The design of the Paris 2024 Olympic and Paralympic torch wa..

“Last hope”: Eager Germans are prepared to pay for weight-loss drug

“Last hope”: Eager Germans are prepared to pay for weight-loss drug

By Ludwig Burger and Maggie Fick FRANKFURT/LONDON (Reuters) – Frustrated afte..

Unilever sees Chinese consumer confidence at ‘historical low point’

Unilever sees Chinese consumer confidence at ‘historical low point’

Unilever sees Chinese consumer confidence at ‘historical low point’ By R..

Euro zone firms slash loan demand to lowest on record: ECB poll

Euro zone firms slash loan demand to lowest on record: ECB poll

Euro zone firms slash loan demand to lowest on record: ECB poll FRANKFURT (Reuters) ..

Pertamina, Petronas to pay up to $650 million for Shell’s Masela gas stake

Pertamina, Petronas to pay up to $650 million for Shell’s Masela gas stake

Pertamina, Petronas to pay up to $650 million for Shell’s Masela gas stake By ..

Keyboard maker Logitech raises forecast for first half of 2024

Keyboard maker Logitech raises forecast for first half of 2024

Keyboard maker Logitech raises forecast for first half of 2024 (Reuters) -Logitech I..

Global shares, U.S. yields rise as investors eye rates, earnings

Global shares, U.S. yields rise as investors eye rates, earnings

Global shares, U.S. yields rise as investors eye rates, earnings By Chibuike Oguh NE..

Southern Europeans splash out on air-con as heatwave drags on

Southern Europeans splash out on air-con as heatwave drags on

MADRID/MILAN (Reuters) – As Southern Europe battles extreme heat with no end i..

Naturgy’s profit rises on LNG gains, soothing shareholders By Pietro Lombardi  MADRID (Reuters) –     Spanish power utility Naturgy reported on Monday an 88% jump in profit for the first six months of the year, boosted by strong earnings at its liquefied natural gas (LNG) business, which could help it to win over restive investors.   Earlier this month, the company said it would increase its dividend floor through 2025 while trimming expected investment, as it sought to make rewarding shareholders a priority.   Pleasing them has become a focus as Naturgy considers changes that could reshape the company and after arguments over the potential appointment of a chief executive.   Naturgy’s first-half net profit jumped to 1.05 billion euros  ($1.16 billion), boosted by its liquefied natural gas (LNG) business.   Shares were down 0.2% in mid-morning trading, bucking deeper declines, in particular for Spain’s blue-chip banks and utilities after a general election on Sunday produced no clear winner.   Renta 4 Banco analyst Angel Perez Llamazares said Naturgy performed better than expected, adding “cash flows also beat our expectation,” and debt fell more than expected.  After natural gas prices hit record levels last year, Naturgy said a fall in procurement costs this year and hedging gains had boosed profits.  In the first half of the year, the company “exceeded the objectives of operating efficiency, cash generation, investment materialisation and debt reduction,” Executive Chairman and CEO Francisco Reynes said.    After rival Iberdrola named a separate CEO last year, Naturgy is the only large energy company in Spain to combine the roles of executive chairman and CEO.  Earlier this month, the company raised the dividend floor to 1.40 euros a share, from 1.20 euros.  Operating profit (earnings before interest, tax, depreciation and amortisation) is expected to reach 5.1 billion euros, compared with a previous guidance of 4.8 billion euros. It said it was targeting net profit of 1.8 billion euros in 2025.  Naturgy also relaunched its plan to split regulated infrastructure operations and liberalised energy businesses into two listed companies.   The project had been suspended after the Ukraine war disrupted energy markets and analysts are still sceptical.  “We believe it is unlikely that Naturgy will be able to implement its asset split in the short term and it is also unlikely that a big change in the shareholding of the company would occur,” said RBC analyst Fernando Garcia.  ($1 = 0.8986 euros)      (Reporting by Pietro Lombardi, editing by Inti Landauro and Barbara Lewis)

Naturgy’s profit rises on LNG gains, soothing shareholders By Pietro Lombardi MADRID (Reuters) – Spanish power utility Naturgy reported on Monday an 88% jump in profit for the first six months of the year, boosted by strong earnings at its liquefied natural gas (LNG) business, which could help it to win over restive investors. Earlier this month, the company said it would increase its dividend floor through 2025 while trimming expected investment, as it sought to make rewarding shareholders a priority. Pleasing them has become a focus as Naturgy considers changes that could reshape the company and after arguments over the potential appointment of a chief executive. Naturgy’s first-half net profit jumped to 1.05 billion euros ($1.16 billion), boosted by its liquefied natural gas (LNG) business. Shares were down 0.2% in mid-morning trading, bucking deeper declines, in particular for Spain’s blue-chip banks and utilities after a general election on Sunday produced no clear winner. Renta 4 Banco analyst Angel Perez Llamazares said Naturgy performed better than expected, adding “cash flows also beat our expectation,” and debt fell more than expected. After natural gas prices hit record levels last year, Naturgy said a fall in procurement costs this year and hedging gains had boosed profits. In the first half of the year, the company “exceeded the objectives of operating efficiency, cash generation, investment materialisation and debt reduction,” Executive Chairman and CEO Francisco Reynes said. After rival Iberdrola named a separate CEO last year, Naturgy is the only large energy company in Spain to combine the roles of executive chairman and CEO. Earlier this month, the company raised the dividend floor to 1.40 euros a share, from 1.20 euros. Operating profit (earnings before interest, tax, depreciation and amortisation) is expected to reach 5.1 billion euros, compared with a previous guidance of 4.8 billion euros. It said it was targeting net profit of 1.8 billion euros in 2025. Naturgy also relaunched its plan to split regulated infrastructure operations and liberalised energy businesses into two listed companies. The project had been suspended after the Ukraine war disrupted energy markets and analysts are still sceptical. “We believe it is unlikely that Naturgy will be able to implement its asset split in the short term and it is also unlikely that a big change in the shareholding of the company would occur,” said RBC analyst Fernando Garcia. ($1 = 0.8986 euros) (Reporting by Pietro Lombardi, editing by Inti Landauro and Barbara Lewis)

Naturgy’s profit rises on LNG gains, soothing shareholders By Pietro Lombardi ..

Worsening euro zone business downturn reignites recession fears

Worsening euro zone business downturn reignites recession fears

By Jonathan Cable LONDON (Reuters) -Euro zone business activity shrank much more tha..

Vodafone takes ‘first steps’ in turnaround with top-line improvement

Vodafone takes ‘first steps’ in turnaround with top-line improvement

Vodafone takes ‘first steps’ in turnaround with top-line improvement By ..

UK firms grow at slowest in 6 months as rate hikes weigh: PMI

UK firms grow at slowest in 6 months as rate hikes weigh: PMI

UK firms grow at slowest in 6 months as rate hikes weigh: PMI LONDON (Reuters) ̵..

Analysis-As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy

Analysis-As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy

Analysis-As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy By..

Philips slightly raises 2023 outlook after Q2 core profit beat

Philips slightly raises 2023 outlook after Q2 core profit beat

Philips slightly raises 2023 outlook after Q2 core profit beat (Reuters) -Dutch heal..

Julius Baer reports 18% H1 net profit rise

Julius Baer reports 18% H1 net profit rise

Julius Baer reports 18% H1 net profit rise ZURICH (Reuters) -Swiss private bank Juli..

Ryanair Q1 profits soar, cuts FY passenger forecast on Boeing delays

Ryanair Q1 profits soar, cuts FY passenger forecast on Boeing delays

Ryanair Q1 profits soar, cuts FY passenger forecast on Boeing delays DUBLIN (Reuters..

Yen pressured as traders wait on policy decisions

Yen pressured as traders wait on policy decisions

Yen pressured as traders wait on policy decisions By Tom Westbrook SYDNEY (Reuters) ..

UK’s EasyJet says it is operating flights as normal to Rhodes

UK’s EasyJet says it is operating flights as normal to Rhodes

UK’s EasyJet says it is operating flights as normal to Rhodes LONDON (Reuters)..

Broadening Horizons: Exploring Diverse Opportunities in the Financial Markets

Broadening Horizons: Exploring Diverse Opportunities in the Financial Markets

The international financial markets offer an expansive and diverse realm, extending..

Russian central bank governor speaks after hiking rate to 8.5%

Russian central bank governor speaks after hiking rate to 8.5%

Russian central bank governor speaks after hiking rate to 8.5% (Reuters) -Russian Ce..

Introducing Janus, the exotic ‘two-faced’ white dwarf star

Introducing Janus, the exotic ‘two-faced’ white dwarf star

Introducing Janus, the exotic ‘two-faced’ white dwarf star By Will Dunha..

Nokian Tyres profit tumbles amid Russian exit, shares fall

Nokian Tyres profit tumbles amid Russian exit, shares fall

Nokian Tyres profit tumbles amid Russian exit, shares fall HELSINKI (Reuters) -Finla..

UK consumers defy high inflation and shop more in June

UK consumers defy high inflation and shop more in June

By David Milliken LONDON (Reuters) -British retail sales grew faster than expected i..

Extreme heatwaves to continue through August, WMO adviser says

Extreme heatwaves to continue through August, WMO adviser says

GENEVA (Reuters) – Heatwaves are expected to persist in a large part of the wo..