BlackRock expects 75% of company and govt assets to be net zero-aligned by 2030

BlackRock on Thursday projected that by 2030 at least three quarters of its investments in companies and governments will be tied to issuers with a scientific target to cut net greenhouse gas emissions to zero by 2050, up from 25% currently.

newspaper

14-04-2022

UK retailer Dunelm quarterly sales surge as stores reopen

Dunelm said on Thursday its total sales jumped in the third quarter, as the British homeware retailer benefited from the reopening of stores after coronavirus curbs were eased.

newspaper

14-04-2022

Hermes Q1 sales rise 27% at constant exchange rates

Sales at Birkin bag maker Hermes jumped 27% in the first quarter, lifted by strong appetite for its luxury accessories, particularly in the United States and Europe, as the sector powers through turbulence from the war in Ukraine and COVID lockdowns in China.

newspaper

14-04-2022

Ericsson warns of possible fine over Iraq scandal; earnings miss

Sweden's Ericsson, under fire for its handling of a bribery investigation in Iraq, warned on Thursday of a potential fine by U.S. regulators and reported a fall in first-quarter core earnings over its suspension of business in Russia.

newspaper

14-04-2022

Publicis prepares for foggy year after organic growth beat

Publicis, the world's third-biggest advertising group, beat market expectations of organic growth in the first quarter but stuck to its full-year outlook on Thursday, hindered by economic uncertainties.

newspaper

14-04-2022

Ericsson's earnings miss on software contract delay, Russia provision

Sweden's Ericsson, under fire over its handling of a bribery investigation in Iraq, on Thursday reported a fall in first-quarter core earnings, hurt by a delay in recording a large software contract and a provision related to suspension of business in Russia.

newspaper

14-04-2022

South Korea steps up inflation fight with surprise rate hike

South Korea's central bank raised its benchmark rate to the highest since August 2019 on Thursday in a surprise move as it ramped up the fight against rampant inflation, which threatens its economic recovery.

newspaper

14-04-2022

Singapore tightens monetary policy to fight inflation, growth slows in Q1

Singapore's central bank tightened its monetary policy on Thursday, saying the widely forecast move will slow inflation momentum as the city state ramps up its battle against soaring prices made worse by the Ukraine war and global supply snags.

newspaper

14-04-2022

China securities regulator orders Lenovo to fix information disclosures

China's securities regulator on Thursday ordered Lenovo Group to rectify information disclosure issues.

newspaper

14-04-2022