JOHANNESBURG (Reuters) – Supermarket group Pick n Pay said on Wednesday its four-month sales grew by 6.4%, but its like-for-like sales growth in South Africa was softer, impacted by store revamps and unprecedented power cuts in the last quarter of 2022. At market open, shares of Pick n Pay, South Africa’s second biggest supermarket chain,…
(Reuters) – Turkey’s Borsa Istanbul issued a market-wide circuit breaker after the benchmark index dropped 5% within minutes of opening on Wednesday, continuing losses after a devastating earthquake in the south of the country on Monday. The benchmark BIST-100 index opened down 0.52% and slid rapidly to be 5% lower, issuing the market-wide circuit breaker…
By Nerijus Adomaitis OSLO (Reuters) -Equinor on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous record thanks to soaring gas prices and with fourth-quarter results beating analysts’ expectations. The oil and gas producer’s adjusted earnings before tax and interest for October-December rose to $15.1 billion from $15…
By Mathieu Rosemain and Matthieu Protard PARIS (Reuters) -Societe Generale, France’s third biggest bank, posted a higher-than-expected profit in the fourth quarter, driven by a strong performance of its corporate and investment banking division as it set aside more money for failing loans. The reported group net income for the three months ending in December…
