Notizia

TOKYO (Reuters) -Panasonic Corp said on Wednesday it expected operating profit growth to be flat this business year as component shortages and rising material costs continued to pose a risk to earnings.

STOCKHOLM (Reuters) -Marlboro-maker Philip Morris International Inc (PMI) said on Wednesday it was making a recommended cash offer to buy tobacco and nicotine products maker Swedish Match for 106 Swedish crowns per share.

Panasonic Corp on Wednesday said it expects operating profit growth to be flat this business year as component shortages and rising material costs continued to pose a risk to earnings.

Japan's Panasonic Corp on Wednesday posted fourth-quarter operating profit of 83.3 billion yen ($639.6 million) compared with a profit of 31.8 billion yen a year ago.

British broadcaster ITV said advertising markets would get much tougher in the months ahead, reflecting the absence of last year's European Football championship, while it was mindful of "macroeconomic and geopolitical uncertainty".

The European Central Bank should raise interest rates from record lows in July but could already outline its rate expectations for the coming months at its June 9 meeting, ECB policymaker Madis Müller said.

The tide of pessimism sweeping through Britain's households is unmatched elsewhere among Europe's major economies and suggests the government may have misjudged its response to an escalating cost-of-living crunch.

Three European asset managers, including the largest, Amundi, said on Wednesday they had jointly filed climate-change resolutions at Japanese electricity generator Electric Power Development Co Ltd, known as J-Power.

Holiday group TUI said on Wednesday it expects to become profitable again in 2022 with significantly positive underlying core earnings thanks to strong bookings as countries lift pandemic-related travel restrictions.