Shell Earnings Beat Forecasts on Strong Gas Trading

Shell's annual profits fell last year, although less than expected, but adjusted earnings beat forecast, driven by higher trading gains from LNG. 


 
Glencore Production Volumes Meets Guidance

Glencore said its full-year production fell across most metals and minerals but was in line with its revised guidance, while coal and gold output increased, reaching annual targets after stronger second half volumes. 


 
Deutsche Bank to Cut About 3,500 Jobs

Deutsche Bank plans to cut about 3,500 jobs as part of an efficiency program that aims to achieve savings of EUR2.5 billion . 


 
Adidas Earnings Beat Guidance After Decision Not to Write Off Most Yeezy Inventory

The German sporting-goods company said sales on a currency neutral basis were flat last year compared with 2022. 


 
Amer Sports Raises $1.37 Billion in U.S. IPO

The owner of brands including Arc'teryx, Wilson and Salomon, raised about $1.37 billion in a U.S. initial public offering after pricing shares below its marketed range. 


 
Paytm Owner's Shares Slide After Action Against Affiliate Bank

Shares in the owner of Indian mobile-payments company Paytm fell sharply after India's central bank ordered its affiliate bank not to accept new customers or fresh deposits. 


 
Adani, a Year Later: Investors Are Embracing India's Humbled Champion

Things are looking up for Indian infrastructure giant Adani Group, raising questions over whether investor memories are too short. 


 
Disney's India Unit Takes Valuation Hit in Planned Sale

Viacom18's purchase of 60% of Disney's India business reunites the company with two executives who built it. 


 
Ancora-Led Group Takes Aim at Norfolk Southern, Pushes to Oust CEO Shaw

Investors have a $1 billion stake in the railroad operator and plan a fight for board control. 


 
Celsius Network to Distribute $3 Billion to Creditors After Exiting Bankruptcy

Collapsed crypto lender Celsius Network said it has emerged from bankruptcy and will begin distributing funds to creditors.


(END) Dow Jones Newswires

02-01-24 0315ET