Marks & Spencer shares jumped 17% after the announcement that it returned to profits in the first half of the year 2022, while it upgraded the estimates for the whole year, while warning that the issues in the labor market and logistics, will exercise cost pressures. The UK company added that it would consider starting […]
Tag: International business news
The frequency of bullying and harassment on Facebook is 0.15%, while on Instagram 0.05%
0.14% to 0.15% – or 14 to 15 times per 10,000 content views – is the proportion of Facebook users exposed in the third quarter of 2021 to posts about bullying or harassment. This is the first time that the largest social networking site has published relevant information about its platform. On the other hand, […]
Infineon Technologies: Announced higher revenue and earnings in the quarter
Infineon Technologies announced higher profits and revenue in the fourth quarter of 2021, as it continues to benefit from high demand for semiconductors and stressed that it expects a strong 2022. The German processor company announced a net profit of 464 million euros compared to 109 million euros a year ago. Revenue for the quarter […]
Adidas: Cuts down estimates for sales and profits in 2021
German sportswear company Adidas cut overall sales and profit estimates for the year, citing supply problems and a harsh market environment in China, as quarterly results were lower than expected. Adidas announced sales in the third quarter, up 3% year-on-year to € 5.752 billion, while operating profit fell 8.5% to € 672 million, compared with […]
Allianz: Upgrades estimates for full year, announces record earnings in quarter
Allianz upgraded its full-year estimates to a 2.3% higher-than-expected third-quarter net profit as German insurance emerged from pandemic pressures. The company expects operating profits in 2021 to be close to 13 billion euros, higher than previous estimates for 12-13 billion euros. Last year, the insurance company abandoned its profit target due to the financial uncertainty […]
Credit Agricole: Profits increased by 44% in the quarter
Credit Agricole earnings increased by 44% in the third quarter, mainly due to insurance inflows, a strong increase in loans, as well as commercial banking, amid normalization of market conditions after the crisis. The French bank stressed that the net profit for the period amounted to 1.40 billion euros compared to 977 million euros a […]
Moderna: Seeks permission from EU regulator to use the vaccine in children
The American pharmaceutical company Moderna today applied for a license in Europe to administer its COVID-19 vaccine to children aged 6-11. The European Union approved the vaccine in July for adolescents aged 12 to 17, but several countries, including Sweden, stopped using it for young people aged 30 and younger due to rare heart side […]
New collaboration of AIG Europe with Europ Assistance
AIG Europe SA, Greece Branch, the international insurance organization that provides products and services specifically designed to help businesses and individuals protect their assets and manage potential risks, has entered into a partnership with Europ Assistance SA Greece Branch , a recognized company in the field of care and assistance services. According to the relevant […]
Cardinal health: Higher-than-expected quarterly earnings, lower earnings
Cardinal health’s share of pre-conference trading rose 1.5% as the drug distribution and laboratory products company reported lower-than-expected quarterly earnings, but revenue exceeded estimates. The company returned a profit of $ 271 million, or 94 cents a share, from a loss of $ 253 million, or 86 cents a share, a year ago. Excluding the […]
BioNTech forecasts € 17 billion in revenue from Covid 19 vaccine for 2021
The German BioNTech announced that the vaccine for Cocid-19 that it is developing together with Pfizer, will probably bring in 17 billion euros this year, as the (third) booster dose and the use of the vaccine in children are increasing. Based on scheduled deliveries of up to 2.5 billion doses so far, BioNTech said in […]
