News Highlights: Top Company News of the Day
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
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
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
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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