UniCredit Profit Beats Estimates

UniCredit posted profit and revenue well ahead of analysts' estimates for the second quarter, with loan loss provisions down from the high levels seen last year.

 
BNP Paribas 2Q Profit Rose on Retail Growth, Lower Provisions

BNP Paribas said that second-quarter net profit and revenue rose as it booked lower provisions to cover credit losses, while it will distribute another dividend.

 
IAG Narrows First-Half Loss, Can't Provide Full-Year Guidance

IAG said that it was ready to take advantage of a surge in air travel demand in line with increasing vaccination rates but it remains unable to provide full-year guidance.

 
Swiss Re Swings to Profit

Swiss Re said that it swung to profit in the first half and that it expects coronavirus-related losses to diminish in the coming quarters as vaccination campaigns progress globally.

 
China's Tech Crackdown Could Backfire Badly

When a government comes to believe it can snap its fingers and create-or destroy-whole industries at will, things can easily go awry.

 
Robinhood's Stock Price Falls After IPO

The company's stock closed down 8.4% in its trading debut after pricing its shares at the bottom of its targeted range.

 
Procter & Gamble CEO David Taylor to Step Aside

He will be succeeded on Nov. 1 by his top deputy, Jon Moeller, who has been P&G's finance chief and was promoted to chief operating officer.

 
China Telecom Plans Shanghai Listing

China Telecom Corp. is moving to sell billions of dollars worth of shares in Shanghai as the telecom carrier turns to its home market for funds.

 
National Australia Bank Plans On-Market Share Buyback

National Australia Bank plans a A$2.5 billion on-market share buyback and to purchase shares on-market alongside its dividend reinvestment plan.

 
Origin Energy Flags $1.67 Billion in Noncash Charges

Origin Energy Ltd. expects to log noncash charges totaling almost $1.67 billion after tax, tied in part to a weaker outlook for electricity prices.

(END) Dow Jones Newswires

July 30, 2021 05:15 ET (09:15 GMT)

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