Author: super@dmin

The U.K. hired banks for the syndicated launch of new January 2038-dated gilts, with the transaction planned to take place on Nov. 8, subject to demand,

The Zurich-based reinsurer CH:SREN said it made a loss of $442 million in the three months to the end of September, from a profit of $212 million in the same period last year.

The parent company of British Airways and Iberia said that this increase is linked to seasonal booking patterns as well as the capital expenditure associated with fourth-quarter aircraft deliveries.

The company blamed a number of issues for its performance, including extreme weather in Australia, industrial action at nickel assets in Canada and Norway and supply-chain issues in Kazakhstan due to Russia’s war in Ukraine.

The trade association for U.K. retailers’ Chief Executive Helen Dickinson said Friday that the operating costs for businesses remain high and demand will be tested by the fragile economy and falling consumer confidence ahead of the Christmas period.

Domestic demand contributed 0.4% to GDP growth, while trade was a drag for growth.

For 2022, the auto maker continues to target return on sales of between around 17% and 18%. It also backed the outlook for return on sales of around 17%-19% in the medium term and of more than 20% long-term.

The French pharma major reported net profit of 2.08 billion euros ($2.07 billion) compared with EUR2.34 billion the year prior, missing analysts’ expectations of EUR3.67 billion.

The U.S. maker of Marlboro cigarettes offered SEK106 a share in May, but came back with an improved bid of SEK116, adding that it won’t be increased further.

Volkswagen said results were supported by premium, sport and luxury segments but also hit by nonrecurring costs related to its Russia activities, the Porsche AG IPO and an impairment charge connected to its Argo AI investment.