Russia set to begin massive military drills with Belarus

S-400 Triumph air defense missile systems during the Allied Resolve 2022 joint military drills by Belarusian and Russian troops. The military exercise is being held as part of the second phase of testing response forces of the Union State of Russia and Belarus. Russian Defense Ministry | TASS | Getty Images Russia on Thursday is … Read more

UK accounting regulator to probe auditor of Sanjeev Gupta’s Liberty Commodities

The auditor of Liberty Commodities, part of metals tycoon Sanjeev Gupta’s GFG Alliance, has been placed under investigation by the UK accounting regulator. The Financial Reporting Council said on Thursday it was investigating HW Fisher in relation to its audit of Liberty Commodities for the year to March 2020. It did not provide any further … Read more

Unilever rules out major acquisitions as it seeks to win back investors

Unilever has ruled out pursuing major acquisitions “in the foreseeable future” after an abortive £ 50bn bid for GlaxoSmithKline’s consumer health business sparked a backlash from shareholders. Instead, the maker of Dove soap, Hellmann’s mayonnaise and Domestos bleach said on Thursday it would buy back up to € 3bn of shares over the next two … Read more

AstraZeneca sees 2022 growth as dividend rises but Covid boost falls

Outside the Macclesfield factory of AstraZeneca. Christopher Furlong | Getty Images News | Getty Images AstraZeneca on Thursday forecast higher 2022 sales and raised its annualized dividend after the drugmaker posted better-than-expected fourth-quarter profit as it gets a lift from its Covid-19 antibody treatment and cancer drugs. But the London-listed company warned that gross profit … Read more

Unilever warns of high inflation, rules out big M&A

A customer selects bar of Dove soap, a Unilever product, at a Sainsbury’s supermarket in London, UK Bloomberg | Getty Images Unilever forecast higher sales, but lower margins, this year as it grapples with soaring inflation, and ruled out big acquisitions following recent investor criticism of its failed pursuit of GlaxoSmithKline’s consumer health business. The … Read more

Societe Generale Earnings q4 2021

This photo, taken on October 28, 2019, shows the logo of the Societe Generale bank, in Ouistreham, Normandy, France. SAMEER AL-DOUMY | AFP | Getty Images Societe Generale beat analyst expectations on Thursday, posting its highest ever profit in 2021. The lender reported a net income of 5.64 billion euros ($ 6.44 billion) for the … Read more

Oil major TotalEnergies swings to profit thanks to surging commodity prices

This photograph taken on May 28, 2021 shows the new TotalEnergies logo during its unveling ceremony, at La Defense on the outskirts of Paris. CHRISTOPHE ARCHAMBAULT | AFP | Getty Images French oil major TotalEnergies on Thursday reported a sharp upswing in full-year profit, boosted by a huge rebound in commodity prices. The oil and … Read more

Australia foils ‘Puppeteer’ plot to infiltrate parliament

Australia’s security services have thwarted a plot to interfere in national elections this year by an unnamed government through a wealthy individual nicknamed the “Puppeteer”. Mike Burgess, director-general of Australia’s intelligence services ASIO, said an unnamed person with “direct and deep connections with a foreign government and its intelligence agencies” planned to make political donations … Read more

Siemens reports big surge in orders as profit beats forecast

The lettering logo of the German industrial corporation Siemens, stands on a stele on the Siemens Campus Erlangen. Daniel Karmann | picture alliance | Getty Images Siemens reported better-than-expected industrial profit on Thursday as the German technology group said it was seeing “extraordinary” order intake from its customers. Orders surged 52% to 24.21 billion euros … Read more