News Highlights: Top Company News of the Day
28 July 2021 - 8:17AM
Dow Jones News
Deutsche Bank's Profit Surges, but There Are Headwinds
The Frankfurt-based bank reported a drop in revenue in the
second quarter as booming client activity during the pandemic
slowed down.
Barclays Profit Beats Views, Pre-Pandemic Levels
Barclays reported a significant rise in pretax profit for the
second quarter, surpassing market views and pre-pandemic levels,
and said that it aims to launch another share buyback program after
resuming dividends.
Rio Tinto's First-Half Net Profit, Dividends Sharply Higher
Rio Tinto notched a $12.31 billion first-half net profit and
more than tripled its midyear payout to shareholders, benefiting
from a bull run in commodity prices that has stoked inflation
expectations around the world.
Apple Profit Sets Record on Strong iPhone Sales
Sales of iPhones rose 50% from the year-earlier quarter to $39.6
billion, driving a profit of $21.7 billion.
Credit Suisse Expected to Publish Details of Archegos Failures
The report could come as soon as Thursday and is likely to focus
on the bank's risk management unit, human errors in judgment and
unheeded risk in concentrated positions.
BASF Swings to Profit
BASF said that it swung to a net profit of EUR1.65 billion for
the second quarter and confirmed sales figures and a raised outlook
it provided during preliminary results.
Ride-Sharing Startup Swvl Nearing Deal to Go Public With Female-Led SPAC
Dubai-based Swvl plans to merge with Queen's Gambit Growth
Capital in a deal that values the company at roughly $1.5
billion.
Glencore Probe Yields Charges Against Another Former Trader
A former Glencore trader pleaded guilty Monday to what
prosecutors described as a conspiracy to pay millions of dollars in
bribes to officials in Nigeria and elsewhere in exchange for
favorable contracts with a state-owned oil company.
Spark Infrastructure Gets Higher Offer From KKR Consortium
Spark Infrastructure Group said it would allow KKR & Co.
Inc. and the Ontario Teachers' Pension Plan Board to conduct due
diligence after they raised a takeover proposal to $3.81
billion.
Starbucks Sales Outpace Pre-Pandemic Levels
The coffee giant's U.S. business rebounded to help quarterly
sales outpace pre-pandemic levels, as the company lifted its profit
outlook.
(END) Dow Jones Newswires
July 28, 2021 03:15 ET (07:15 GMT)
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