By Huw Jones LONDON (Reuters) – Some of Britain’s top listed companies could be downplaying risks from climate change on their bottom line and could face “appropriate action”, regulators said on Friday. Trillions of dollars have flowed into stocks and bonds of companies which tout their environmental, social and governance (ESG) credentials, leaving regulators worried…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending. The top U.S. oil producer reported second-quarter net income of $17.9 billion, or $4.21 per share, an almost four-fold increase over the…
By Julien Ponthus PARIS (Reuters) – French bank BNP Paribas reported better than expected profit in the second quarter after bad loan provisions dipped and business remained buoyant in both investment and retail banking, amid torrid global markets and an economic slowdown. France’s biggest-listed lender said on Friday its net income rose 9.1% year-on-year to…
LONDON (AP) — Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia’s war in Ukraine, but the economy managed better-than-expected, if meager, growth in the second quarter. Annual inflation in the eurozone’s 19 countries rose to 8.9% in July, an…
BEIJING (Reuters) -Financial authorities in China’s central Henan and eastern Anhui provinces on Friday announced a third round of repayments, starting Aug. 1, to clients of five rural banks whose funds were frozen in what authorities said was a complex scam. Individuals with deposits of between 100,000 yuan ($14,787) and 150,000 yuan at four lenders…
TOKYO (AP) — Sony’s profit edged up 3% in the last quarter, weathering production setbacks from COVID-19 lockdowns in Shanghai and a trend away from video gaming as pandemic restrictions eased elsewhere. Tokyo-based Sony Corp.’s April-June profit totaled 218 billion yen ($1.6 billion), up from 212 billion yen a year earlier, the Japanese electronics and…
By Kate Holton LONDON (Reuters) -British Airways-owner IAG on Friday returned to profit for the first time since the outbreak of the COVID-19 pandemic as demand for European flights between April and June boosted its battered finances. IAG posted an operating profit for the second quarter of 293 million euros ($300 million), compared with an…
Stocks racked up more gains Friday as Wall Street closed out its best month since November 2020, a welcome breather for investors after a punishing year for the market. The S&P 500 index, a benchmark for many stock funds, rose 1.4% and finished 9.1% higher for July. A rebound in technology stocks, big retailers and…
By Jagoda Darlak (Reuters) -Luxury eyewear company EssilorLuxottica raised its operating margins substantially in the first half of the year, it said on Friday, despite a challenging environment. The maker of Oakley and Ray-Ban sunglasses said its adjusted operating margin rose by 100 basis points to 18.4% in the six months to June 30. “We’re…
ZURICH (Reuters) -The Swiss National Bank reported a first half loss of 95.2 billion Swiss francs ($100.08 billion) on Friday, the biggest six month loss posted by the central bank since it was set up in 1907. The SNB’s results were hit by stock market declines, falling bond prices and the franc’s appreciation which severely…
