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Business

Generali profits beat forecasts led by asset management, non-life

By vogdorg June 8, 2021June 2, 2021

Generali (GASI.MI) beat first-quarter profit forecastsdriven by its non-life and asset management businesses, as Italy's top insurer scouts for opportunities for further growth. Generali has spent 1.8 billion euros ($2.2…

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Business

London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair

By vogdorg June 7, 2021June 2, 2021

The City of London's 'Golden Age' as Europe's financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest (NWG.L) bank chairman Howard Davies said…

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Business

Gamestop, AMC short sellers sit on nearly $1 billion loss – Ortex

By vogdorg June 6, 2021June 2, 2021

Investors are estimated to have lost $930 million on their short positions in meme stocks GameStop (GME.N) and AMC Entertainment (AMC.N) over the last five trading days, data from financial…

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Business

Shell shareholders increase pressure for further climate action

By vogdorg June 5, 2021June 2, 2021

Royal Dutch Shell (RDSa.L) shareholders overwhelmingly backed the company’s energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing…

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Business

Mobileye, ZF team on advanced safety systems for Toyota

By vogdorg June 4, 2021June 2, 2021

Intel Corp’s (INTC.O) Mobileye and German supplier ZF (ZFF.UL) said Tuesday they will jointly develop advanced safety systems for future Toyota Motor Corp (7203.T) vehicles. Mobileye will provide its camera-based…

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Business

Britain’s M&S promotes food and strategy bosses in top team shake-up

By vogdorg June 3, 2021June 2, 2021

British retailer Marks & Spencer has promoted strategy chief Katie Bickerstaffe and food boss Stuart Machin in a major shake-up of its management team's responsibilities, making them the internal frontrunners…

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Business

Stellantis, Foxconn to form connectivity-focused car technology JV

By vogdorg June 2, 2021June 2, 2021

Carmaker Stellantis (STLA.MI), and iPhone assembler Foxconn (2317.TW) plan to create a joint venture to supply in-car and connected-car technologies across the auto industry, they said on Tuesday. The two…

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