Trends - UniCredit - Business Recorder

UniCredit

UniCredit raises 2021 profit goal after strong quarter

MILAN: Italy's second-biggest bank UniCredit raised its 2021 profit and revenue goals on Thursday after higher...

Published 28 Oct, 2021 12:23pm

Talks fail between UniCredit, Italy over Monte dei Paschi

ROME: Talks between UniCredit and Italy's government over the bank acquiring a stake in Monte dei Paschi have broken...

Updated 25 Oct, 2021 09:40am

World

Italy, UniCredit to end talks over Monte dei Paschi sale

LONDON: Italy’s government and UniCredit are preparing to call off negotiations over the sale of ailing bank Monte...

Published 24 Oct, 2021 05:14am

World

Monte dei Paschi capital wiped out in EU banking stress test

LONDON: All of Monte dei Paschi’s capital was wiped out in a European Union stress test of banks on Friday as the...

Published 31 Jul, 2021 04:05am

Markets

UniCredit improves FY loan loss outlook after Q2 profit tops forecast

Italy's No.2 bank late on Thursday said it would discuss with the country's Treasury a possible acquisition of ailing state-owned rival Monte dei Paschi di Siena

Published 30 Jul, 2021 10:59am

Markets

German bond yields drop for second week as Delta rattles markets

Financial markets were volatile earlier in the week as sentiment over the global economic outlook swung with each new Delta headline, although the prevailing mood was improving by late Friday.

Published 23 Jul, 2021 10:10pm

Markets

UniCredit bondholders say they got coupon bank pledged to skip: Bloomberg News

Holders of the 2.98 billion euro ($3.6 billion) bonds received the notification on Tuesday, according to the report.

Published 26 May, 2021 02:16pm

Markets

European stocks flat as Richemont jump offsets UK slide

Lufthansa AG fell 6.2% as the Thiele family, the second-largest shareholder in the German airlines, sold more than half of its stake.

Published 21 May, 2021 02:19pm

Business & Finance

EU fines banks 371m euros over bond trading cartel

BRUSSELS: The European Commission fined top banks including UBS and Unicredit a total of 371 million euros ($452...

Updated 21 May, 2021 09:43am

Business & Finance

UniCredit's new boss opens door to M&A after strong quarter

Strong trading gains, fees drive Q1 profit beat.
New CEO says to consider M&A to accelerate strategy.
Moving on from phase of 'cautious retrenchment'.
Reviving lending business, boost to revenues a priority.
To hold investor day in H2.
Trims FY revenue forecast, improves loan-loss outlook.

Published 06 May, 2021 08:43pm

Markets

European stocks near record high on strong AB Inbev, bank earnings

Italy's No.2 bank UniCredit jumped 4.5% and French lender Societe Generale surged 6.1% after reporting higher-than-expected quarterly earnings.

Published 06 May, 2021 02:45pm

Markets

Italy sells $3.5 billion of US dollar bonds

Italy draws over $11 billion of demand for US dollar bonds.
Markets subdued before US Federal Reserve meeting.

Published 27 Apr, 2021 09:01pm

Markets

UniCredit's boss needs currency more than deals

And push the bank to lend more aggressively in its core Italian market, now dominated by 44 billion euro rival Intesa Sanpaolo.

Published 15 Apr, 2021 01:18pm

Markets

Euro zone bond yields up in wake of U.S. jobs data

Lower-rated Southern European bonds underperformed higher-rated peers, with yields rising 3 to 7 basis points. Bond yields move inversely with prices.

Published 07 Apr, 2021 01:09am

Markets

German 10-year yield falls to February low as pandemic concerns weigh

The number of new confirmed coronavirus cases in Germany rose the most since Jan. 9, while the number of people with COVID-19 in French intensive care units set a high for 2021.

Published 25 Mar, 2021 11:48pm

Business & Finance

UniCredit to pay new CEO Orcel up to 7.5m

MILAN: UniCredit's new Chief Executive Andrea Orcel will receive up to 7.5 million euros ($9 million) in annual pay,...

Published 14 Mar, 2021 04:13am

Business & Finance

UniCredit to pay new CEO Orcel up to 7.5mn euros, documents show

A hearing on the case was postponed due to the coronavirus crisis from Wednesday and rescheduled for April 7.
In joining another employer, UniCredit, Orcel relinquishes any deferred payments that would have been due from UBS.

Updated 13 Mar, 2021 09:10pm

Business & Finance

ECB blames redemptions as emergency bond buys slow

The ECB bought 11.9 billion euros worth of bonds under its Pandemic Emergency Purchase Programme (PEPP) in the five days to March 5, slightly less than in the previous week.
An ECB spokesman said the net purchases were affected by "seasonality factors", particularly large redemptions, which "temporarily delayed" an increase in the ECB's bond pile.

Published 08 Mar, 2021 08:13pm

Business & Finance

UniCredit's board set to pick new directors on Wednesday

Mustier stepped down on Feb. 11 after clashing with the board over strategy late last year. UniCredit has named Co-Chief Operating Officer Ranieri de Marchis as general manager pending Orcel's arrival.
The list will also include current Chairman-elect Pier Carlo Padoan, an Italian economist and former Treasury chief, who will replace Cesare Bisoni.

Published 02 Mar, 2021 06:16pm

Business & Finance

Ex-UniCredit CEO Mustier, LVMH's Arnault form SPAC for financial deals

Mustier was previously UniCredit chief executive.
SPACs have grown in popularity on Wall St and in Europe.
SPACs have raised $45.7 billion so far this year.

Published 15 Feb, 2021 06:30pm

Markets

Monte dei Paschi losses soar, says capital increase in limbo

The bank also made a 340 million euro downward revision to the value of so-called deferred tax assets.

Published 10 Feb, 2021 01:43pm

Markets

German Bund yields rise on reflation bets, Italian yields down

Hopes that a $1.9 trillion aid package will be passed in the US as soon as this month, boosting growth and inflation.
Italy, which last week saw the biggest weekly fall in 10-year bond yields in months, remained in focus in the euro area.

Published 08 Feb, 2021 05:36pm

Markets

Italy seeks to halve Monte Paschi legal claims to 5bn euros

Legal claims worth 10 bln euros key hurdle to MPS sale.
Bank working on settlement deal with its former top investor.
Studying complex insurance scheme on remaining 5 bln euros.
Spin-off and guarantee mechanism remain fall-back option.

Published 29 Jan, 2021 08:28pm

Markets

European stocks edge higher as tech gains counter virus woes

The STOXX 600 ended last week almost flat after data showed Europe's dominant service sectors took a hard hit from renewed lockdowns in January.

Published 25 Jan, 2021 03:16pm

Markets

European shares rise for second day as commodity, construction stocks gain

The pan-European STOXX 600 index advanced 0.5pc to near February 2020 highs, while London's blue-chip FTSE 100 gained 0.2pc and Germany's DAX index was up 0.6pc.

Updated 08 Jan, 2021 03:18am

Business & Finance

Italy could take on $17bn of UniCredit bad loans to ease MPS sale

The plan is part of measures being readied by the Treasury in order to press ahead with the sale of MPS.
Shares in UniCredit were up 6.3% after Reuters reported on the plan. Italy's Treasury./

Updated 06 Jan, 2021 08:12pm

Business & Finance

Aviva, UniCredit expect non-binding bids for insurance JV next week

UniCredit plans to sell its 49% stake in the joint-venture along with Aviva, the people said.
A fourth source familiar with the matter said the joint-venture could be worth around 600 million euros.

Published 18 Dec, 2020 12:48am

BR Research

Italy's UniCredit says board would never agree to harmful deal

French CEO of UniCredit said M&A was "no panacea".
Mustier at odds with Italy's consolidation drive.
Italy has been seeking buyer for Monte dei Paschi.
JPMorgan says successor will have "big shoes to fill".

Published 02 Dec, 2020 02:15am

Markets

UniCredit working with GS, JPM as strategic advisers

Unicredit to update business plan in Q2 2021.
GS-JPM would also advice on Monte Paschi in case of a deal.
Treasury is preparing incentives to lure a buyer.

Published 28 Nov, 2020 12:47am

Business & Finance

UniCredit sticks to profit goals after better than expected quarter

Shares in UniCredit rose 0.7pc in early trade, outperforming a slightly lower Italian banking index.

Published 06 Aug, 2020 04:52pm

Gainers
Losers
Leaders

Stock	Price
National Silk / Dec 2 The National Silk & Rayon Mills Limited(NSRM)	20.97 ▲ 1.46 (7.48%)
Millat Tractors / Dec 2 Millat Tractors Limited(MTL)	899.00 ▲ 3.40 (0.38%)
Pak.Int.Cont.. / Dec 2 Pakistan International Container(PICT)	155.35 ▲ 0.20 (0.13%)
Allied Bank / Dec 2 Allied Bank Limited(ABL)	77.00 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 2 Abbott Laboratories (Pakistan) Limited(ABOT)	722.00 ▼ 0.00 (0.00%)
Attock Cement / Dec 2 Attock Cement Pakistan Limited(ACPL)	126.50 ▼ 0.00 (0.00%)
Adam Sugar / Dec 2 Adam Sugar Mills Limited(ADAMS)	35.05 ▼ 0.00 (0.00%)
Artistic Denim / Dec 2 Artistic Denim Mills Limited(ADMM)	71.30 ▼ 0.00 (0.00%)
Ados Pakistan / Dec 2 Ados Pakistan Limited(ADOS)	15.90 ▼ 0.00 (0.00%)
Agha Steel Ind. / Dec 2 Agha Steel Ind.Ltd(AGHA)	24.71 ▼ 0.00 (0.00%)

Stock	Price
Jubilee Spinning / Dec 2 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	5.35 ▲ -1.00 (-15.75%)
Nazir Cotton Mills / Dec 2 Nazir Cotton Mills Limited(NCML)	5.57 ▲ -0.67 (-10.74%)
Pak Mod. / Dec 2 First Pak Modaraba(PAKMI)	2.60 ▲ -0.30 (-10.34%)
Pace (Pak) Ltd. / Dec 2 Pace (Pakistan) Limited(PACE)	4.25 ▲ -0.48 (-10.15%)
Pak Gulf Leasin / Dec 2 Pak-Gulf Leasing Company Limited(PGLC)	6.00 ▲ -0.65 (-9.77%)
Kohinoor Spining / Dec 2 Kohinoor Spinning Mills Limited(KOSM)	3.90 ▲ -0.37 (-8.67%)
Javedan Corp. / Dec 2 Javedan Corporation Limited(JVDC)	49.23 ▲ -3.99 (-7.50%)
K.S.B.Pumps / Dec 2 KSB Pumps Company Limited(KSBP)	185.00 ▲ -15.00 (-7.50%)
National Refinery / Dec 2 National Refinery Limited(NRL)	263.67 ▲ -21.37 (-7.50%)
Prud Mod.1st / Dec 2 First Prudential Modaraba(PMI)	1.85 ▲ -0.15 (-7.50%)

Stock	Volume
Maple Leaf / Dec 2 Maple Leaf Cement Factory Limited(MLCF)	15,273,674 ▼ 0.00
Unity Foods Ltd / Dec 2 Unity Foods Limited(UNITY)	10,828,276 ▼ 0.00
G3 Tech. / Dec 2 G3 Technologies Limited(GTECH)	9,921,000 ▼ 0.00
Aisha Steel Mill / Dec 2 Aisha Steel Mills Limited(ASL)	8,799,500 ▼ 0.00
TRG Pak Ltd / Dec 2 TRG Pakistan Limited(TRG)	8,317,649 ▼ 0.00
WorldCall Telecom / Dec 2 Worldcall Telecom Limited(WTL)	8,141,500 ▼ 0.00
TPL Properties / Dec 2 TPL Properties Limited(TPLP)	6,420,500 ▼ 0.00
Fauji Foods Ltd / Dec 2 Fauji Foods Limited(FFL)	5,270,000 ▼ 0.00
Power Cement / Dec 2 Power Cement Limited(POWER)	5,039,500 ▼ 0.00
Byco Petroleum / Dec 2 Byco Petroleum Pakistan Limited(BYCO)	4,548,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	175.82
USD PKR Interbank Buying / Dec 1	175.72
USD to Japanese Yen / Dec 1	112.80
USD to Swiss Franc / Dec 1	0.92
Pound Sterling to USD / Dec 1	1.33
Euro to USD / Dec 1	1.13
UK LIBOR % / Dec 1	0.08

Stock	Volume
S&P 500 / Dec 1	4567.00
India Sensex / Dec 1	57684.79
Tokyo Nikkei / Dec 1	27935.62
Nasdaq / Dec 1	15254.05
Hang Seng / Dec 1	23658.92
FTSE 100 / Dec 1	7168.68
Dow Jones / Dec 1	34021.94
Germany DAX 30 / Dec 1	15472.67
France CAC40 / Dec 1	6881.87

Item	Value
Crude Oil / Dec 1	65.50
Karachi Cotton Assoc. / Dec 1	17680.00
Gold 10 Grams / Dec 1	101700.00
Gold Spot / Dec 1	1779.16
Cotton / Dec 1	104.19

UniCredit

Most Popular Articles