In the Fourth Quarter 2023 Earnings Call, Office Properties Income Trust (NASDAQ:OPI) announced a reduction in their quarterly cash dividend as part of a strategy to increase liquidity. The company reported a decrease in normalized Funds From Operations (FFO) to $45.9 million, citing higher expenses as the main cause. Looking ahead, OPI expects a decline...
Norwegian Air Shuttle ASA (NAS.OL) concluded the fourth quarter of 2023 with a robust financial performance, as detailed by CEO Geir Karlsen and CFO Hans-Jorgen Wibstad. The airline achieved a record EBIT of NOK2.2 billion for the year, underpinned by strong liquidity and operational improvements. With the acquisition of Wideroe, expansion of fleet and bases,...
Portland General Electric (NYSE: NYSE:POR) has released its fourth quarter and full year 2023 financial results on February 16, 2024. The company reported a full-year GAAP net income of $228 million, or $2.33 per diluted share, and an adjusted non-GAAP net income of $233 million, or $2.38 per share. Despite facing lower-than-expected results in the...
NatWest Group (NWG.L) announced a robust financial performance in its Annual Results 2023 Management Presentation, with a profit exceeding GBP 6 billion. The bank revealed an operating profit before tax of GBP 6.2 billion and a return on tangible equity (RoTE) of 17.8% for the year. NatWest also declared a final dividend of 11.5 pence...
(Reuters) -The European Union is set to fine Apple (NASDAQ:AAPL) about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday citing unnamed sources. The fine is expected to be announced early next month, the FT said. Last year, the European Commission accused Apple of distorting competition...
Jupiter Asset Management’s compliance team blocked its investors from having any exposure to a cryptocurrency exchange-traded product(ETP)in one of its Irish UCITs funds,according to a Financial Times report. The reason for blocking the investment was due to,“divergent regulatory approaches in the EU.”UCITS are open-ended investment funds and are a popular form of investment vehicle,especially for...
Societe Generale has issued a€10 million digital green bond on the Ethereum network.Mainstream financial institutions are showing growing interest in blockchain technology.The tokenization of funds demonstrates the potential of blockchain in financial applications.The issuance of green bonds using blockchain aligns with the trend towards sustainable finance.The digital format of these bonds offers enhanced transparency,traceability,and faster...
Gold prices (XAU/USD) inched higher on Thursday, supported by falling yields, which ticked down across the curve despite stronger-than-expected U.S. gross domestic product data. Considering recent moves, bullion has lost more than 2% this year, but it has lacked directional conviction over the past few trading sessions. Volatility, however, could pick up heading into the...
At the end of November, global financial markets experienced significant volatility due to uncertainties surrounding Federal Reserve policies. In October, several Federal Reserve officials made dovish remarks supporting a halt in interest rate hikes. On November 1st, the Fed decided to maintain the federal funds rate between 5.25% and 5.50%. However, just a week later,...
On October 19, the first Bitcoin futures ETF in the United States was officially launched on the New York Stock Exchange. It recorded the second-highest trading volume on its debut day, driving Bitcoin price up by 6.34% within 24 hours, surpassing the $66,000 mark and setting a new all-time high at that time. This milestone event...