Centrica hikes dividend as profits at British Gas soar
Britain’s Centrica announced bumper returns for shareholders after its first-half profits surged on an almost ten-fold increase at its British Gas business.
EU opens antitrust probe into Microsoft over Teams bundling
European Union regulators on Thursday opened an antitrust investigation into Microsoft’s bundling of its video and chat app Teams with other Office products.
Salesforce-owned Slack says service restored after brief messaging outage
Workplace messaging service Slack said on Thursday that the workplace messaging app was back online after users earlier faced issues sending messages.
BT reiterates 2024 outlook on cost control and broadband demand
BT Group reiterated its full-year outlook on Thursday as cost control and demand for broadband helped to offset inflationary pressures.
Singapore’s UOB expects ‘some upside’ to interest income after Fed rate hike
UOB posted a 35% jump to 1.5 billion Singapore dollars in its core net profit in the second quarter from a year ago.
BNP Paribas beat estimates on debt financing, cost management
BNP Paribas, the euro zone’s biggest bank, beat estimates in the second quarter
Oil giant Shell posts sharp drop in second-quarter profit on weaker commodity prices
British oil giant Shell on Thursday reported a sharp year-on-year drop in second-quarter profit on weaker fossil fuel prices.
Barclays shares sink 5% as the bank expects to earn less interest in the U.K.
Barclays reported a net income of £1.3 billion ($1.68 billion) for the second quarter, in line with expectations.
School closures during Covid could wipe out half a trillion dollars from Asian economies
Schools were forced to close during the pandemic and that could wipe out some $500 billion of potential GDP collectively from a handful of countries in Asia.
European Central Bank set to hike rates as it edges closer to a pivot point
The European Central Bank is set to hike rates once again on Thursday with market analysts certain that the Frankfurt intuition is nearing a peak.
