By Ron Bousso LONDON (Reuters) – Shell again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance. The strong results cap a year of dramatic recovery for Shell and the oil and gas sector…
By Ron Bousso LONDON (Reuters) – Shell boosted its dividend and share repurchases on Thursday after fourth quarter profits soared to $6.4 billion fueled by higher oil and gas prices and strong gas trading performance. Shell, which moved its headquarters from The Hague to London last month, said it expected to increase its dividend by…
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank is all but certain to keep policy unchanged on Thursday but could acknowledge that inflation could stay high for longer than it had projected, a signal that some may take as a hint at a faster exit from stimulus. Having extended support…
(Reuters) – Compass Group, the world’s largest catering company, said on Thursday its first-quarter revenue had reached 97% of its pre-pandemic levels, largely boosted by new businesses and strong client retention. The British firm, which serves office workers, students, seniors in old-age homes and armed forces and events attendees across 45 countries, posted an organic…
By Davide Barbuscia and David Randall NEW YORK (Reuters) – The U.S. Treasury yield curve has been flattening over the last few months as the Federal Reserve prepares to hike rates, and some analysts are forecasting more extreme moves or even inversion. The shape of the yield curve is a key metric investors watch as…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar’s choppy start to the year has not dissuaded some investors from betting the U.S. currency will soon resume its march higher, lifted by a hawkish Federal Reserve and rising real yields. The U.S. dollar index is flat on the year, masking a volatile ride in…
San Francisco (Reuters) – The U.S. safety regulator said on Wednesday that it is reviewing consumer complaints that Tesla vehicles are activating the brakes unnecessarily, in the latest regulatory scrutiny of Tesla’s vehicle safety. In May, Tesla chief executive Elon Musk said dropping a radar sensor from its partially automated driving system would address the…
By Roslan Khasawneh SINGAPORE (Reuters) -Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude fell 17 cents, or 0.2%, to $89.30 a barrel by 0420 GMT, after rising 31 cents on Wednesday. U.S….
BERLIN (Reuters) – Opel plans on hiring several hundred temporary workers to help deliver its new Astra model, a spokesperson told German paper Wirtschaftswoche on Thursday, in part to compensate for workers off sick with COVID-19 amid the spread of the Omicron variant. The carmaker, which is owned by Stellantis and operates three plants in…
By Elizabeth Culliford and Nivedita Balu (Reuters) – Facebook owner Meta Platforms Inc’s shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming Apple’s privacy changes and increased competition for users from rivals like TikTok. Facebook’s global daily active users declined from the previous quarter for the…