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Top related persons:
Archishma Iyer - 4 Shinjini - 2 Daniel Munoz - 1 NIM - 1 Ross McEwan - 1 Upasana Singh - 1 Shilpi Majumdar - 1 Sohini - 1
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Bengaluru Australia Sydney 3Q23 Hong Kong Singapore Rio Beijing
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Thomson - 4 National - 1 REUTERS - 1 National Australia Bank - 1 Commonwealth Bank of Australia - 1 NAB - 1 UBS - 1 Singapore Airlines - 1

Search resuls for: "Archishma Iyer"


9 mentions found


☆ Aussie lender NAB's Q3 margins decline; shares up on cash earnings beat
  + stars: | 2023-08-14 | by ( Archishma Iyer | ) www.reuters.com   time to read: +2 min
The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. Shares of the country's second-biggest bank rose 1.3% to trade at A$28.70 at 0115 GMT. Last week, the country's biggest lender Commonwealth Bank of Australia (CBA.AX) posted record annual profit but warned higher living costs were pushing up debt arrears and competition was squeezing margins. "Consensus NIM expectations might need to moderate down, but the current run rate in earnings would suggest NAB is on track to deliver on fourth quarter FY23 cash earnings expectations," analysts from UBS wrote. It posted cash earnings of A$1.90 billion, compared with A$1.80 billion a year earlier and beating a Visible Alpha consensus of A$1.83 billion.
Persons: Daniel Munoz, NIM, Ross McEwan, Upasana Singh, Archishma Iyer, Shilpi Majumdar, Shinjini, Sohini Organizations: National, REUTERS, National Australia Bank, Commonwealth Bank of Australia, NAB, UBS, Thomson Locations: Sydney, Australia, 3Q23, Bengaluru
☆ Singapore Airlines flags near-term competition in international travel
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +1 min
July 27 (Reuters) - Singapore Airlines (SIAL.SI) said on Thursday it expects competition to intensify in the coming months as carriers scramble to take advantage of strong overseas travel demand that helped the city-state's flagship airline to post a record first-quarter profit. "Macroeconomic and geopolitical uncertainties, as well as inflation, could pose challenges for the airline industry," the company said. Singapore Airlines said it will monitor these trends closely, and adjust its capacity and network accordingly. The airline reported a net profit of S$734 million ($554.84 million) for the three months ended June 30, compared with S$370 million a year earlier. Passenger load factor — a measure of how many seats are filled on planes — for Singapore Airlines was 88.9% in the quarter, compared with 79.0% a year ago.
Persons: Himanshi Akhand, Archishma Iyer, Shinjini Organizations: Singapore Airlines, Airlines, Cathay Pacific Airways, HK, Thomson Locations: Hong Kong, Singapore, Bengaluru
☆ Rio Tinto cuts dividend as H1 profit falls to lowest in three years
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +2 min
MELBOURNE, July 26 (Reuters) - Rio Tinto's (RIO.L), (RIO.AX) first-half underlying earnings fell to their lowest in three years as easing iron ore prices offset an uptick in shipments from its Pilbara operations, it said on Wednesday, while also announcing a dividend cut. Rio, the world's biggest iron ore producer, was cautiously optimistic on China's economy over the rest of the year, CEO Jacob Stausholm said. Average realised prices for Pilbara iron ore slipped to $98.60 per wet metric ton in the first half, 11.1% below last year. The world's largest iron ore producer flagged a shortage of skilled workers in a tight labour market along with supply-chain issues. Additional reporting by Melanie Burton in Melbourne; Editing by Subhranshu Sahu and Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
Persons: Jacob Stausholm, Rio, Rishav Chatterjee, Archishma Iyer, Melanie Burton, Subhranshu Sahu, Christian Organizations: MELBOURNE, Alpha, Thomson Locations: Rio, Beijing, China, Pilbara, Bengaluru, Melbourne
☆ Australia's AGL partners with BP to offer discounted charging to NSW customers
  + stars: | 2023-06-14 | by ( ) www.reuters.com   time to read: +1 min
June 15 (Reuters) - Australia's AGL Energy (AGL.AX) said on Thursday it has partnered with energy giant BP (BP.L) for a three-year agreement to offer discounted charging to drivers of electric vehicles in New South Wales, as more companies look to pivot to green energy. Under the deal, the company and BP Pulse, the electric vehicle charging business of the London-based firm, will offer customers in New South Wales special charging rates and ultra-fast chargers when they sign up for AGL's existing Electric Vehicle (EV) at-home programme. BP said the agreement is in line with its strategy to roll out its network of 600 BP Pulse EV charging points across Australia by 2025. "As we transition to a low-carbon future, this agreement will empower our customers with innovative, sustainable and cost-effective EV charging solutions," AGL Chief Customer Officer Jo Egan said. The demand for electric vehicles has been on the rise recently, with multiple companies looking to expand their portfolios towards sustainable energy.
Persons: Jo Egan, Archishma Iyer, Pooja Desai Organizations: Energy, BP, Thomson Locations: New South Wales, London, Australia, Bengaluru
☆ Australia's Medibank served with class action lawsuit
  + stars: | 2023-03-29 | by ( ) www.reuters.com   time to read: 1 min
March 29 (Reuters) - Medibank Private Ltd (MPL.AX), Australia's largest health insurer, said on Wednesday that a class action suit has been filed against it related to a breach of disclosure obligations by not revealing information regarding deficiencies in its cyber security systems. The company said it intends to defend the proceedings. Reporting by Archishma Iyer in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
☆ China's Weibo ups stake in Inmyshow Digital with $315 mln acquisition
  + stars: | 2023-03-01 | by ( ) www.reuters.com   time to read: +1 min
March 1 (Reuters) - China's Weibo Corp (9898.HK) said on Wednesday it was raising its stake in Shanghai-listed media marketing firm Inmyshow Digital Technology Group Co Ltd (600556.SS) through the acquisition of ShowWorld Hong Kong Ltd for 2.16 billion yuan ($314.7 million). ShowWorld Hong Kong, a subsidiary of Chinese technology company SINA Corp, holds an 18.4% stake in Inmyshow Digital Technology. On completion of the deal, Weibo will own a cumulative 26.57% stake in Inmyshow, becoming its biggest shareholder. Inmyshow Digital Technology provides its clients with marketing strategies and social media operations. ($1 = 6.8640 Chinese yuan renminbi)Reporting by Archishma Iyer in Bengaluru; Editing by Shailesh Kuber and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.
☆ Air New Zealand swings to first-half profit on soaring travel demand
  + stars: | 2023-02-22 | by ( ) www.reuters.com   time to read: +2 min
Feb 23 (Reuters) - Air New Zealand Ltd (AIR.NZ) swung to a first-half profit for the first time in three years on Thursday, helped by strong travel demand following the reopening of domestic and international borders, and strong cargo revenues which were above pre-COVID levels. The carrier reported statutory profit before tax of NZ$299 million ($185.95 million) for the six months ended Dec. 31, compared with a loss of NZ$376 million reported a year earlier. The company posted a loss before other significant items and taxation of NZ$725 million in 2022. Air New Zealand did not declare a dividend, but said that it will consider providing dividends for its shareholders during its full-year results in August. ($1 = 1.6080 New Zealand dollars)Reporting by Archishma Iyer and Rishav Chatterjee in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ Australia's IAG cash earnings jump 27% on growth across key businesses, dividend steady
  + stars: | 2023-02-13 | by ( ) www.reuters.com   time to read: +1 min
Feb 13 (Reuters) - Insurance Australia Group (IAG.AX) reported a 26.7% jump in its first-half cash earnings on Monday, boosted by volume growth across its key businesses that helped offset the ongoing impact of higher inflation on claims costs. The insurer said GWP growth was driven by rate hikes, to offset the high inflation in the supply chain, as well as customer number growth in the home and motor portfolios. read moreThe insurance giant's natural perils costs ballooned to A$524 million following the severe weather events across multiple states in Australia during the period. read moreCash earnings for the six months ended Dec. 31 came in at A$223 million ($154 million), compared with A$176 million in the prior corresponding period and a Refinitiv estimate of A$464 million. Australia's top general insurer declared an interim dividend of 6 Australian cents per share, the same as in the prior corresponding period.
☆ Renault considers transferring over half of Nissan stake to match holdings - Nikkei
  + stars: | 2022-11-16 | by ( ) www.reuters.com   time to read: +1 min
Nov 17 (Reuters) - Renault SA (RENA.PA) may transfer more than half of a stake it owns in Nissan Motor (7201.T) to a trust to match the Japanese carmaker's holdings in itself, the Nikkei newspaper reported on Thursday. Renault would transfer a 28% stake it owns in Nissan to and would be left with a 15% stake, equivalent to what Nissan owns in the French automaker, the Nikkei said. Renault, which currently owns 43% of Nissan, would give up voting rights tied to the transferred shares, the newspaper added. Spokespeople for Renault and Nissan were not immediately available to comment. People with knowledge of the talks have said that Renault's stake in Nissan could be reduced to 15%.
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