Trends - UniCredit - Business Recorder

UniCredit

Russia prepares to seize western firms looking to leave

Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide ...

Published 27 May, 2022 05:50am

Opinion

Banks face reversal of fortune from war and runaway inflation

Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank...

Published 07 May, 2022 05:46am

Business & Finance

UniCredit surprises with buyback as it tackles Russia exit

MILAN: UniCredit cheered investors by saying it would soon start a 1.6 billion euro ($1.7 billion) share buyback put...

Published 06 May, 2022 05:03am

Business & Finance

Sterling drops back towards 21-month lows before BoE decision

LONDON: Britain’s pound weakened against a rebounding dollar despite expectations that the Bank of England will...

Published 06 May, 2022 05:03am

Business & Finance

Sterling falls to 21-month low vs dollar

LONDON: Sterling fell to a fresh 21-month low versus the dollar on Wednesday as Britain’s weak economic outlook ...

Published 28 Apr, 2022 05:37am

Markets

Italy’s UniCredit says considering exiting Russia

MILAN: UniCredit is studying ways to exit Russia following the invasion of Ukraine, but needs to find a solution for...

Published 15 Mar, 2022 06:34pm

Markets

Europe’s banks reveal billions worth of Russia risk as sanctions bite

LONDON: Credit Suisse said it had gross exposure to Russia of 1.6 billion Swiss francs ($1.73 billion) at end 2021,...

Published 10 Mar, 2022 05:40pm

Markets

UniCredit flags up to $8bn in losses on Russia, prudent on buyback

MILAN: Italy’s second-biggest bank UniCredit said a full write-off of its Russian business, including cross-border...

Published 09 Mar, 2022 01:02pm

Markets

European stocks cut losses

LONDON: European stocks cut almost all session losses on Monday as Russia and Ukraine held ceasefire talks, while...

Published 01 Mar, 2022 05:34am

Markets

UniCredit shares open down 8% on Ukraine crisis

MILAN: Shares in UniCredit, whose Russian arm is one of the largest lenders in the country, fell as much as 8% on...

Published 24 Feb, 2022 01:44pm

Markets

European stocks plunge 3%, in correction territory after Russia attacks Ukraine

European stocks plunged 3% on Thursday as investors dumped riskier assets after Russia attacked Ukraine, raising...

Published 24 Feb, 2022 01:38pm

Business & Finance

Italy’s bank promises shareholders 22bn euros

MILAN: Intesa Sanpaolo, Italy’s biggest bank, said Friday it would pay its shareholders 22 billion euros ($25.2...

Published 07 Feb, 2022 05:22am

World

Monte dei Paschi set to name veteran banker Lovaglio as CEO

ROME: Italy’s Monte dei Paschi di Siena (MPS) could name a new chief executive as early as Monday after the...

Published 06 Feb, 2022 04:42am

Markets

UniCredit beats 2021 guidance, renews insurance accords with Allianz

MILAN: Italy's UniCredit on Friday reported better-than-expected full-year revenues and underlying profit, despite...

Published 28 Jan, 2022 11:59am

Markets

European shares fall again with cenbank meetings in focus

European shares reversed early gains to end lower for a fifth straight session on Tuesday as technology stocks...

Updated 14 Dec, 2021 10:38pm

Business & Finance

Santander to pay Italy top banker $76m for job U-turn

MADRID: Spanish bank Santander was on Friday ordered to pay almost 68 million euros ($76 million) to Italy’s ...

Published 13 Dec, 2021 06:45am

World

UniCredit chief not interested in Generali or Mediobanca

MILAN: UniCredit wants to grow its domestic footprint and could consider tie-ups in Italy and abroad, but has no...

Published 12 Dec, 2021 04:19am

Business & Finance

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

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5.20 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	294.70 ▼ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	70.95 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	638.07 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	8.79 ▼ 0.00 (0.00%)
Attock Cement / May 29 Attock Cement Pakistan Limited(ACPL)	82.02 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5.20 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	294.70 ▼ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	70.95 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	638.07 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	8.79 ▼ 0.00 (0.00%)
Attock Cement / May 29 Attock Cement Pakistan Limited(ACPL)	82.02 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 27	199.40
USD PKR Interbank Buying / May 27	199.20
USD to Japanese Yen / May 27	127.12
USD to Swiss Franc / May 27	0.96
Pound Sterling to USD / May 27	1.26
Euro to USD / May 27	1.07
UK LIBOR % / May 27	0.82

Stock	Volume
S&P 500 / May 27	4158.24
India Sensex / May 27	54884.66
Tokyo Nikkei / May 27	26781.68
Nasdaq / May 27	12131.13
Hang Seng / May 27	20697.36
FTSE 100 / May 27	7585.46
Dow Jones / May 27	33212.96
Germany DAX 30 / May 27	14462.19
France CAC40 / May 27	6515.75

Item	Value
Crude Oil USD/Barrel / May 27	115.07
Karachi Cotton PKR/37.32 KG / May 27	21180.00
Gold 10 Grams PKR / May 27	122600.00
Gold Spot USD/Ounce / May 27	1853.72
Cotton US¢/pound / May 27	122.95

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