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Shell raises its dividend as profits surge


EnergyShell raises its dividend as profits surge
ReutersRon BoussoShadia Nasralla
4 minutes read
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. REUTERS/Marcos Brindicci
Royal Dutch Shell s (RDSa.L) profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned but warned that the outlook remained uncertain due to the coronavirus pandemic.
Shell s adjusted earnings were above an average analyst forecast of $3.125 billion and also ahead of earnings of $2.9 billion last year, boosted by assets sales as well as higher oil and liquefied natural gas (LNG) prices, it said on Thursday. ....

United States , Thomson Reuters Trust Principles , Royal Dutch Shell , Thomson Reuters Trust , Co Vid , ஒன்றுபட்டது மாநிலங்களில் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , அரச டச்சு ஷெல் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை , இணை வித் ,

Europe's oil majors leave pandemic blues behind


EnergyEurope s oil majors leave pandemic blues behind
Shadia Nasralla
1/5
The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann
Read More
Europe s major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday, putting the worst of the pandemic-driven slump in fuel demand behind them.
Last year s demand collapse forced BP (BP.L), Royal Dutch Shell (RDSa.L) and Equinor (EQNR.OL) to slash their dividends and preserve cash as they to try to transform themselves into companies that can thrive in a low-carbon world. ....

Thomson Reuters Trust Principles , Royal Dutch Shell , Thomson Reuters Trust , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , அரச டச்சு ஷெல் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

UBS takes unexpected $774 mln Archegos hit, overshadowing Q1 profit beat


FinanceUBS, Nomura push global banks Archegos losses over $10 bln
Brenna Neghaiwi
1/2
The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann
Read More
UBS (UBSG.S) reported an unexpected $774 million loss on Tuesday from the collapse of U.S. investment fund Archegos, taking the total hit to global banks from the stricken family office beyond $10 billion.
The charge taken by Switzerland s biggest bank comes as the fallout from Archegos continues to ripple across the banking industry, with Nomura (8604.T) posting on Tuesday its biggest quarterly loss in over a decade as a result of its dealings with the stricken fund. The Japanese bank said it will book losses of around $2.9 billion this year on Archegos. read more ....

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South Africa's Clicks H1 profit up on preventative healthcare demand


AfricaSouth Africa s Clicks H1 profit up on preventative healthcare demand
Reuters
2 minutes read
South African pharmacy company Clicks Group (CLSJ.J) reported on Thursday a 9.5% rise in half-year earnings, boosted by consumer demand for preventative medicine and new private hospital business.
Diluted headline earnings per share (HEPS), the main profit measure in South Africa, rose to 371 cents in the six months to Feb. 28. Excluding the impact of the closure of its Musica entertainment business, diluted HEPS would have risen by 14.1%, it said.
In January Clicks announced the closure of Musica due to the shift to digital consumption of music, movies and games, exacerbated by the COVID-19 pandemic. ....

South Africa , South African , Thomson Reuters Trust Principles , Clicks Group , January Clicks , United Pharmaceutical Distributors , Thomson Reuters Trust , Co Vid , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , கிளிக்குகள் குழு , ஒன்றுபட்டது மருந்து விநியோகஸ்தர்கள் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை , இணை வித் ,

Blackstone's first-quarter earnings surge as it cashes out on assets


BusinessBlackstone’s first-quarter earnings surge as it cashes out on assets
Chibuike Oguh
2 minutes read
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid
Blackstone Group Inc (BX.N), the world’s largest manager of alternative assets such as private equity and real estate, said on Thursday that its distributable earnings more than doubled in the first quarter to $1.2 billion as it cashed out on holdings.
Dealmaking activity surged in the quarter as a booming stock market and low borrowing costs emboldened private equity firms to sell some of their assets for top dollar. L8N2LR63L ....

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