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17 Feb

Nestle confident cost inflation won't take a bite out of margins

ZURICH (Reuters) -Food group Nestle is confident of defending its profit margins against mounting cost pressures this year, planning more price increases after they helped it beat sales and earnings expectations in 2021.

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17 Feb

Kering flags possible M&A as Gucci sales boom confirms luxury is back

Luxury group Kering struck a bullish note for this year despite rising inflation after a strong comeback by its star brand Gucci in late 2021, and said it could make an acquisition soon to boost its portfolio of labels.

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17 Feb

StanChart bets on rate hikes to hit lofty goals as profit disappoints

Standard Chartered has raised its core profitability goals and promised shareholders extra payouts, despite full year profit undershooting expectations, as it banks on inflation-battling rate hikes worldwide to boost lending.

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17 Feb

Air France-KLM to seek up to 4 billion euros to repay state aid, shares sink

PARIS (Reuters) -Air France-KLM plans to raise up to 4 billion euros ($4.6 billion) as it seeks to repay state pandemic handouts, the airline said on Thursday, overshadowing robust earnings on a recovery in air travel and sending its shares down more than 4%.

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17 Feb

Continental considering four-way split -Manager Magazin

Continental is considering splitting into four separate businesses to boost its market capitalisation but must convince majority shareholder Schaeffler of the plan, Manager Magazin reported, sending Continental shares up 3.5%.

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17 Feb

EasyJet wants more Milan slots if ITA links with Lufthansa - paper

EasyJet would want more slots at Milan's Linate airport should carrier ITA team up with Germany's Lufthansa, the chief executive of the British carrier said, indicating the airline's commitment to Italy.

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17 Feb

Air France-KLM beats expectations on long-haul recovery

PARIS (Reuters) -Air France-KLM beat core profit expectations for 2021 due to a recovery in transatlantic travel in the fourth quarter and said it had started to see a pickup in bookings this quarter as Omicron restrictions start to ease in Europe.

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