logo
FinecoBank posts 12% rise in first-quarter net profit

FinecoBank posts 12% rise in first-quarter net profit

Reuters07-05-2025

May 7(Reuters) - Italian bank FinecoBank (FBK.MI), opens new tab said on Wednesday its first-quarter net profit rose 11.7% from a year earlier to 164.2 million euros ($186.28 million).

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Business secretary to meet with Lotus after reports it plans to scrap UK operations
Business secretary to meet with Lotus after reports it plans to scrap UK operations

The Guardian

timean hour ago

  • The Guardian

Business secretary to meet with Lotus after reports it plans to scrap UK operations

The business secretary, Jonathan Reynolds, will hold talks with Lotus after the carmaker appeared to shelve plans to shut its UK operations. After reports that Chinese owner Geely was planning to stop manufacturing at the Hethel plant in Norfolk, putting 1,300 jobs at risk, Lotus issued a statement saying it had 'no plans' to close the factory. Reynolds will speak to the company on Sunday, the PA news agency understands. The British sportscar brand has been majority-owned by Chinese multinational Geely since 2017. The Financial Times had reported it was considering shutting up shop in the UK in favour of a new plant in the US. On Saturday, Lotus sought to assuage concerns with a statement that it remains 'committed' to the UK, which it called its largest commercial market in Europe and the 'heart' of the brand. 'Lotus Cars is continuing normal operations, and there are no plans to close the factory,' it said. 'We are actively exploring strategic options to enhance efficiency and ensure global competitiveness in the evolving market. 'We have invested significantly in R&D and operations in the UK over the past six years. Lotus remains committed to the UK, and its customers, employees, dealers, suppliers, as well as its proud British heritage.' A government spokesperson said: 'The government does not comment on speculation or the commercial affairs of private companies.'

WeWork CEO: My firefighter dad taught me how to lead
WeWork CEO: My firefighter dad taught me how to lead

Times

timean hour ago

  • Times

WeWork CEO: My firefighter dad taught me how to lead

J ohn Santora eyes my tie with a look not far from envy. Dressed in a sports jacket, chinos and brown loafers, the American's eyes then move jealously across my suit. 'Ah,' he says, gesturing uncomfortably at his casual garb: 'I still can't get used to having to wear this stuff.' Santora, you see, is the lifelong suit, tie and brogues man helicoptered in to run that most relaxed of temporary-office providers, WeWork. Many of the 68-year-old's customers, as we see in its flagship venue in London's Waterloo, are the kind of thirtysomething tech bros who think wearing jeans not deliberately ripped at the knee is 'dressing up for work'. Santora feels obliged to follow, but stands out like a dad at the school disco.

Business Secretary meeting Lotus after reports of plans to scrap UK carmaking
Business Secretary meeting Lotus after reports of plans to scrap UK carmaking

The Independent

timean hour ago

  • The Independent

Business Secretary meeting Lotus after reports of plans to scrap UK carmaking

The Business Secretary will hold talks with Lotus after the carmaker appeared to shelve plans to shut its UK operations. After reports that Chinese owner Geely was planning to stop manufacturing at the Hethel plant in Norfolk, putting 1,300 jobs at risk, Lotus issued a statement saying it had 'no plans' to close the factory. Jonathan Reynolds will speak to the company on Sunday, the PA news agency understands. The British sportscar brand has been majority-owned by Chinese multinational Geely since 2017. The Financial Times had reported it was considering shutting up shop in the UK and in favour of a new plant in the US. On Saturday, Lotus sought to assuage concerns with a statement that it remains 'committed' to the UK, which it called its largest commercial market in Europe and the 'heart' of the brand. 'Lotus Cars is continuing normal operations, and there are no plans to close the factory,' it said. 'We are actively exploring strategic options to enhance efficiency and ensure global competitiveness in the evolving market. 'We have invested significantly in R&D and operations in the UK, over the past six years. Lotus remains committed to the UK, and its customers, employees, dealers, suppliers, as well as its proud British heritage.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store