Intesa Sanpaolo achieved its highest-ever quarterly net profit of €2.8 billion in Q1 2026, a 6% increase from the previous year, supported by strong growth in wealth management, fees, insurance, and trading revenues. Operating costs fell slightly by 0.7%, contributing to a record operating profit of €7.2 billion and a low cost-to-income ratio of 35.9%, one of the best in Europe. The bank's robust capital position with a CET1 ratio above 13% and a very low non-performing loan ratio underline its low risk profile and sustainable profitability. Intesa Sanpaolo plans to continue expanding its wealth management business and maintain high shareholder returns, aiming to distribute €9.4 billion in dividends and buybacks in 2026.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Frasers Group PLC has withheld financial guidance for the upcoming year due to uncertainty around its takeover bids for Hugo Boss and Accent Group. The retailer's full-year adjusted profit before tax fell 4% to £538 million, impacted by asset impairm...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
