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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Unicredit Spa | BIT:UCG | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.03 | 0.08% | 36.025 | 35.90 | 36.09 | 36.495 | 35.895 | 36.06 | 10,089,593 | 17:00:00 |
From May 2023 to May 2024
--UniCredit is planning to slash a further 500 million euros ($561.4 million) in costs as the Italian bank seeks to offset higher-than-expected inflation, Bloomberg reports citing people familiar with matter.
--The lender is focusing on the automation of processes, reducing layers of bureaucracy and middle management, reviewing outsourcing contracts and investing in digitalization and efficiency, Bloomberg reports.
--UniCredit is expected to suffer a EUR1 billion hit from inflation by 2024, according to Bloomberg.
Full story: https://rb.gy/tmwl1
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
July 17, 2023 09:07 ET (13:07 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Unicredit Chart |
1 Month Unicredit Chart |
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