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UPDATE 2-Generali confirms targets as government bonds challenge Life business

Italy's Generali confirmed all its 2024 business plan targets on Thursday after first quarter profits rose on a strong non-life performance which more than offsetting weakness in the insurer's life business.

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UPDATE 3-Danske Bank dividend policy brings Estonia case back in spotlight

Danske Bank on Thursday maintained its 2023 profitability target and said it expected to increase profits this year, but uncertainty over dividend payments brought potential money laundering fines back in focus.

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UPDATE 3-Holcim says building industry faces demand supercycle

* Company expects higher increase in full year operating profit

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UPDATE 3-Russia's Sberbank reports record profit in Q3

Russia's largest lender Sberbank on Thursday reported a record net profit of 348.3 billion roubles ($4.9 billion) for the third quarter but raised provisions as it classified assets of its subsidiary in Ukraine as restricted.

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UPDATE 3-National Australia Bank doubles dividend, shakes off COVID profit hit

* Doubles interim dividend of 60 cents/share, beating expectations

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UPDATE 2-Caixabank's net profit jumps, books Bankia gain

* Q1 net profit 4.79 billion euros, including accounting gain
* Sees cost of risk of new bank under 50 bps in 2021 vs 77 bps
* Net interest income under pressure, gross income up (Recasts, adds detail on costs, share price)
MADRID, May 6 (Reuters) - Caixabank’s net profit jumped almost six-fold in the first quarter and the bank tentatively lowered its guidance on pandemic-related costs, providing a boost as it integrates the purchase of Bankia.
Net profit without accounting gains reached 514 million euros ($617 million) in January-March compared to 90 million in the same quarter a year ago, beating analysts’ average forecast of 342 million euros, after the bank did not set aside any provisions against the impact of COVID-19.

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UPDATE 3-Australia's ANZ to return capital as earnings double from COVID-19 slump

* Hikes interim dividend, considers more payouts
* Australian banks recovering rapidly from COVID slump (Recasts, adds analyst reaction)
SYDNEY, May 5 (Reuters) - Australia and New Zealand Banking Group on Wednesday said it would explore returning capital to shareholders as its first-half profit more than doubled, boosted by money it had set aside but no longer needed to cover potential COVID-19 losses.
Australian banks are recovering from the pandemic earlier than their global peers, as the country’s success in controlling the virus combined with near-zero interest rates and high government spending lift confidence and the housing market.
ANZ’s cash profit rose to A$2.99 billion ($2.3 billion) for the six months ended March 31, from A$1.41 billion a year ago, driven by the partial reallocation to profit of a previously expensed bad debt provision.

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UPDATE 1-BBVA beats Q1 net profit forecasts and returns to pre-COVID-19 levels

* BBVA NII drops 14% pressured by low interest rates and Turkey

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UPDATE 2-Australia's Woolworths fails to impress with April showing over Coles

By Reuters Staff
(Recasts with shares, CEO and analyst comment)
April 29 (Reuters) - Australia’s biggest supermarket chain Woolworths Group on Thursday offered a less upbeat reading of sales so far in April than rival Coles Group as shopping patterns return to pre-pandemic levels, sending its shares lower.
Coles, Australia’s No. 2 grocer, had said in a quarterly trading update a day earlier that grocery sales since the start of April were up 4%, but Woolworths called conditions “volatile” and with sales “broadly flat”.
Shares of Woolworths slid 3.6% - its sharpest fall in nearly two months - while Coles shot nearly 5% higher.

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UPDATE 2-German chemicals group Lanxess sees M&A-driven growth in 2021

* 2021 core profit seen at 900 million to 1 billion euros
* Company plans further M&A with focus in consumer protection (Adds M&A comments from press conference)
March 11 (Reuters) - Lanxess is looking for more acquisitions in high-margin consumer markets such as food ingredients and animal hygiene, the German speciality chemicals maker said on Thursday, as it forecast a pick up in earnings from a pandemic-hit 2020.
The group, which began the year with three acquisitions including a $1.1 billion deal to buy U.S.-based rival Emerald Kalama Chemical, said its so-called “consumer protection” business was a particular focus for deals.
The business, which also produces ingredients used in surface disinfectants, hand sanitisers and soaps, generated about a fifth of the group’s revenues in 2020.

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