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…
Category: Business
London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair
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…
Gamestop, AMC short sellers sit on nearly $1 billion loss – Ortex
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…
Shell shareholders increase pressure for further climate action
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…
Mobileye, ZF team on advanced safety systems for Toyota
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…
Britain’s M&S promotes food and strategy bosses in top team shake-up
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…
Stellantis, Foxconn to form connectivity-focused car technology JV
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…