Town Hall News

By Dominique Vidalon PARIS (Reuters) -French spirits group Pernod Ricard reported a bigger-than-expected decline in third-quarter sales but said it was confident of delivering a strong performance over the 2022/2023 full year, helped by “very strong” sales in the fourth quarter. Pernod, the world’s second-biggest spirits group after Diageo, said that it expected consumer demand to recover further in China post COVID restrictions in the fourth quarter. It also banked […]

KYIV (Reuters) – One person was killed and 23 people, including a child, were wounded in a Russian missile strike on an apartment block and houses in the southern Ukrainian city of Mykolaiv in the early hours of Thursday, officials said. “At night, Russia bombarded Mykolaiv with four Kalibr missiles launched from the Black Sea,” President Volodymyr Zelenskiy said on the Telegram app. “The high-precision weapons were aimed at private […]

(Reuters) -German online takeaway food company Delivery Hero on Thursday forecast single-digit percentage growth in 2023 gross merchandise value (GMV), citing a “promising start” to the second quarter and expecting an acceleration in growth throughout the year. The Berlin-based company expects its GMV to grow between 5% and 7% in constant currency this year. After a pandemic-driven boost to growth, Delivery Hero has focused on reaching long-awaited profitability as investor […]

By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank reported a better-than-expected 9% rise in first-quarter profit on Thursday as income from higher interest rates offset a slump in revenues at the investment bank, and flagged job cuts as it looks to further reduce costs. Net profit attributable to shareholders was 1.158 billion euros ($1.28 billion). That compared with profit of 1.060 billion euros a year earlier, and […]

Zac Gallen recorded a season-high 12 strikeouts over 6 1/3 innings to fuel the Arizona Diamondbacks to a 2-0 victory over the Kansas City Royals on Wednesday in Phoenix. Gallen (4-1), who struck out the side in the fourth and fifth innings, scattered four hits en route to extending his scoreless innings streak to 28. The 27-year-old owns the franchise-record streak of 44 1/3 consecutive scoreless innings, set last season […]

By Marie Mannes STOCKHOLM (Reuters) -Sweden-based automaker Volvo Car Group reported a smaller-than-expected fall in first-quarter operating earnings on Thursday and said while overall demand remained healthy it may still cut costs as the global economy slows down. Volvo Cars, majority-owned by China’s Geely Holding, said operating earnings fell to 5.1 billion Swedish crowns ($494.63 million) in the quarter from a year-ago 6 billion crowns, beating a mean forecast of […]

By Tom Sims and Marta Orosz FRANKFURT (Reuters) -Deutsche Bank reported a better-than-expected 9% rise in first-quarter profit on Thursday as income from higher interest rates offset a slump in revenues at the investment bank, and flagged job cuts as it looks to further reduce costs. Net profit attributable to shareholders was 1.158 billion euros ($1.28 billion). That compared with profit of 1.060 billion euros a year earlier, and was […]

SINGAPORE (Reuters) – Singapore’s United Overseas Bank reported on Thursday a 74% surge in core profit in the first quarter from a year earlier on the back of strong net interest and non-interest income growth. The lender’s core profit, which excludes one-off expenses, rose to a record S$1.58 billion ($1.20 billion) in the first quarter, just above the mean estimate of some S$1.55 billion from four analysts polled by Refinitiv. […]

By Scott Murdoch and Donny Kwok (Reuters) – Chinese spirit maker ZJLD Group’s shares were down 17% on their first day of trading on Thursday, dampening hopes that a positive debut for the largest new share sale in Hong Kong in 2023 could spark a rush of listings in the second half. The KKR-backed company raised $675.2 million last week in the biggest new share sale in Hong Kong since […]