By Reuters Staff
2 Min Read
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
April 29 (Reuters) - European stocks edged back towards record-highs on Thursday after a slew of upbeat earnings reports and the U.S. Federal Reserve’s pledge to stick to loose monetary policy.
The pan-European STOXX 600 index rose 0.4% by 0713 GMT, trading just about 3 points below its record peak.
Consumer goods giant Unilever rose 3.2% as a pick up in home cooking and a strong economic recovery in China drove better-than-expected quarterly sales. The company also announced a share buyback programme up to 3 billion euros ($3.6 billion).
3 Min Read
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Nokia surges to top of STOXX 600 China sales drive Unilever Q1 beat German job market data disappoints (Adds comments, updates prices)
April 29 (Reuters) - European stocks edged back towards record-highs on Thursday after a slew of upbeat earnings reports and the U.S. Federal Reserve’s pledge to stick to loose monetary policy.
The pan-European STOXX 600 index rose 0.5% to 442 points, marginally below its record peak of 443.61.
Consumer goods giant Unilever rose 2.7% as a pick up in home cooking and a strong economic recovery in China drove better-than-expected quarterly sales. The company also announced a share buyback programme of up to 3 billion euros ($3.6 billion).
Blockchain technology firm ConsenSys said on Tuesday it had raised $65 million from major banks and financial services firms including J.P. Morgan, Mastercard Inc and UBS Group AG to fund its growth and global expansion.
By Reuters Staff
1 Min Read
FILE PHOTO: The logo for Procter & Gamble Co. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 27, 2018. REUTERS/Brendan McDermid
(Reuters) - Procter & Gamble Co raised its quarterly dividend by 10% on Tuesday to $0.8698 per share, payable after May 17.
The Cincinnati-based conglomerate has benefited from a coronavirus-driven surge in demand for cleaning products, and is expected to report its third-quarter results next week.
P&G had previously announced plans to buy back up to $10 billion worth of shares in fiscal 2021.
Reporting by Munsif Vengattil in Bengaluru; Editing by Devika Syamnath
By Reuters Staff
1 Min Read
FILE PHOTO: The logo of Unilever is seen at the headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS/Piroschka van de Wouw
ISTANBUL (Reuters) - Turkey’s Competition Authority said on Monday it fined Unilever’s Turkey unit some 480 million lira ($61 million), after ruling that it abused its dominant position in the ice cream sector.
It said the company prevented competition in sales areas sized 100 square metres or smaller, adding that it is obliged to allocate 30% of its fridge capacity in such businesses to products of other companies.
($1 = 7.8616 liras)