ANZ’s Profit Flat, Increases Dividend

Updated Nov. 12, 2023 5:45 pm ET SYDNEY—ANZ Group Holdings said its annual net profit was flat on a year earlier, but the bank increased its dividend even as higher interest rates impact economic activity. The Australian major lender reported a statutory profit of 7.1 billion Australian dollars (US$4.51 billion) for the 12 months through … Read more

NAB FY Profit Up 7.6%, Raises Dividend

Updated Nov. 8, 2023 7:41 pm ET SYDNEY—National Australia Bank said increased lending and deposits in its business-related divisions helped to drive a 7.6% increase in its annual profit and an almost 8% improvement in its dividend. The bank said net profit for the 12 months through September rose to 7.41 billion Australian dollars (US$4.74 … Read more

Bayer Weighs Structural Changes But Rules Out Three-Way Split

Updated Nov. 8, 2023 5:07 am ET Bayer Chief Executive Bill Anderson said he is looking at options to overhaul the company’s structure and remove multiple layers of management in a move that will result in significant job cuts, but ruled out splitting the group into three businesses. Anderson, who took the helm of the … Read more

E.ON Raises Investment Target But Expects Price Reductions to Hit Earnings

E.ON raised its investment target for the full year but said it expects fourth-quarter earnings to suffer the impact of price reductions for electricity and gas customers. The German energy company said Wednesday that it plans to invest a total of 6.1 billion euros ($6.53 billion) from previously EUR5.8 billion. From 2023 to 2027, investments … Read more

Tech, Media & Telecom Roundup: Market Talk

Updated Nov. 7, 2023 4:58 pm ET The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1637 ET – GXO Logistics reports revenue up 8% year in 3Q to $2.5 billion as more companies outsource their distribution operations to third-party logistics … Read more

Carlyle Group Posts Lower 3Q Revenue

Carlyle Group reported a sharp drop in third-quarter revenue, reflecting the sluggish pace of dealmaking. The investment firm posted a profit of $81.3 million, or 22 cents a share, down from $280.8 million, or 77 cents a share, in the same period last year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Granite Creek Capital Raises $300 Million for Growth Investments

Nov. 7, 2023 6:30 am ET|WSJ Pro Granite Creek Capital Partners has raised $300 million to back midsize companies with minority growth investments as the private-equity firm looks to prosper from a time when many business owners are reluctant to sell outright. Chicago-based Granite Creek said it wrapped up its third fund above the $250 million … Read more

UBS Group Swings to Net Loss as Credit Suisse Costs Weigh

Updated Nov. 7, 2023 1:51 am ET UBS Group swung to a wider third-quarter net loss than analysts had expected after costs related the integration of Credit Suisse cut into the bank’s earnings. The Swiss bank said Tuesday that its net loss was $785 million compared with $1.73 billion in net profit in the prior … Read more

A Westernprice cap on Russian oilmeant to curb Moscow's war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

A Western price cap on Russian oil meant to curb Moscow’s war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

Westpac Announces Buyback, Raises Dividend Following Strong Results

SYDNEY—Westpac said its annual net profit rose by 26% underpinned by growth in key divisions, with the company launching a 1.5 billion Australian dollar (US$980 million) share buyback and increasing its dividend. Westpac, one of Australia’s major banks, said its net profit totaled A$7.2 billion in the 12 months through September. That was in line … Read more