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  • Nokia lifts full-year outlook as turnaround takes root
    Business
    Reuters

    Nokia lifts full-year outlook as turnaround takes root

    HELSINKI/STOCKHOLM (Reuters) -Nokia on Thursday raised its full-year outlook after reporting a stronger-than-expected second-quarter operating profit, as the telecom equipment maker benefits from a sharp turnaround in its business. A round of changes in the company's operations, greater investment on research and a geopolitical situation tilting in its favour has put Nokia firmly back in the global 5G rollout race just a year after CEO Pekka Lundmark took the reins, allowing it to gain ground on Swedish arch-rival Ericsson. "Our 5G position has clearly strengthened ... we are winning back customers," Lundmark said on a call, confirming a rosier outlook first signalled in February.

  • Shell Raises Dividend and Starts $2 Billion Share Buyback
    Business
    Bloomberg

    Shell Raises Dividend and Starts $2 Billion Share Buyback

    (Bloomberg) -- Royal Dutch Shell Plc raised its dividend by almost 40% and said it will buy back $2 billion of shares, continuing an effort to win back investors as stronger oil prices and a buoyant chemicals market lifted earnings.The move comes more than a year after Shell slashed its dividend by two-thirds. Modest increases to the payout since then did little to boost the company’s appeal, with its shares still about 40% lower than pre-pandemic levels despite a full recovery in oil prices.The

  • Didi Global considers going private to placate China - WSJ
    Business
    Reuters

    Didi Global considers going private to placate China - WSJ

    The company has been mulling delisting plans as crackdown in China widens and it has received support from cybersecurity regulators, the report said, citing people familiar with the matter. Didi has been in talks with bankers, regulators and key investors to figure how to resolve the problems following its listing on the New York Stock Exchange, the report added. U.S-listed shares of Didi rose 40% to $12.42 in premarket trading.

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