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...
While reporting financial results for the fourth quarter on Thursday, G-III Apparel Group, Ltd. (GIII) initiated its earnings, adjusted earnings and net sales guidance for the first quarter and full-year 2025. For the first quarter, the company expects earnings and adjusted results between a loss of $0.10 per share and breakeven per share on net...
Financial services firm Morgan Stanley (MS) reported Tuesday that net income applicable to the company\'s common shareholders for the first quarter increased to $3.27 billion or $2.02 per share from $2.84 billion or $1.70 per share in the year-ago quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of...
The Hong Kong stock market has moved higher in back-to-back sessions, rallying almost 650 points or 3.6 percent along the way. The Hang Seng Index now sits just above the 18,960-point plateau although investors may lock in gains on Monday. The global forecast for the Asian markets suggests mild upside on conflicting factors in the...
Canadian shares may open on a weak note Wednesday morning with investors tracking weak global cues and awaiting the Canadian central banks interest rate decision. Asian markets closed weak today and European stocks are notably lower, weighed down by continued contraction in U.S. manufacturing sector activity. Survey results showing that growth in Chinas services sector...
The private sector in Singapore continued to expand, and at a faster rate, the latest survey from S&P Global showed on Wednesday with a PMI score of 55.2. That\'s up from 54.2 and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Supporting the latest uptick in the headline PMI...
The number of mortgage applications in the U.S. fell for the third week in a row, but at a slower pace in the week ended October 18, as higher interest rates continue to weigh on demand, results of a survey by the Mortgage Bankers Association showed Wednesday. The Market Composite Index, a measure of mortgage...
After a weak start and a subsequent fall to lower levels, the Indian market bounced back into positive territory Monday morning with select blue chip stocks recovering smartly and posting strong gains. The early setback was due largely to the initial reaction to Hindenburg Researchs allegations that the Indian market regulator SEBIs chairperson had stake...
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JAKARTA. PT Nev Stored Energy (NSE) will initiate a voluntary tender offer for the shares of PT Green Power Group Tbk (LABA), a steel manufacturer formerly called PT Ladangbaja Murni Tbk. In the issued prospectus, NSE, as the new controlling shareholder of LABA, is required to conduct a mandatory tender offer. However, the mandatory tender...