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UniCredit

UniCredit can let BPM bid lapse, but will hold onto Commerzbank, CEO says

MILAN: Italy’s UniCredit is ready to let its offer for Banco BPM lapse, CEO Andrea Orcel said on Tuesday, but added...

Published 27 May, 2025 04:37pm

Business & Finance

UniCredit has appealed to court against Italy govt’s terms on its Banco BPM bid, Repubblica says

ROME: Italian bank UniCredit has appealed to an administrative court against the “golden power” terms the Italian...

Published 23 May, 2025 11:00am

Business & Finance

Italy’s UniCredit raises profit outlook, says to be selective on deals

MILAN: Italy’s second-biggest bank UniCredit strengthened its 2025 outlook on Monday after posting a surprise...

Published 12 May, 2025 10:53am

Business & Finance

UniCredit gets German cartel office nod on big Commerzbank stake

DUESSELDORF/FRANKFURT: Germany’s antitrust authorities on Monday approved UniCredit’s plans to own just under 30% of...

Published 14 Apr, 2025 05:14pm

Business & Finance

UniCredit’s takeover target Banco BPM secures investor backing to sweeten Anima bid

MILAN: Banco BPM shareholders on Friday backed the Italian bank’s decision to pay more to buy fund manager Anima...

Published 28 Feb, 2025 05:48pm

Business & Finance

UniCredit warns it could drop Banco BPM offer if Anima bid cost rises

MILAN: UniCredit on Monday reminded Banco BPM shareholders it could withdraw its buyout offer for their bank if BPM...

Published 17 Feb, 2025 04:31pm

Business & Finance

UniCredit says it is complying with ECB order after Russian revenue rise

LONDON: Italy’s UniCredit on Tuesday reported a rise in revenues last year from its Russia business but said it had...

Published 11 Feb, 2025 05:26pm

Business & Finance

Commerzbank chairman sees little chance of amicable UniCredit merger, report says

BERLIN: Commerzbank’s, supervisory board chairman Jens Weidmann said there is little chance for an amicable merger...

Published 13 Jan, 2025 01:21pm

Business & Finance

UniCredit brings security custody services in-house, with focus on Germany

MILAN: UniCredit said on Friday it would bring in-house security custody services, with an initial focus on Germany,...

Published 10 Jan, 2025 03:14pm

Business & Finance

Italy’s UniCredit launches surprise $11 bln all-share bid for Banco BPM

MILAN: Italy’s UniCredit on Monday launched a surprise 10 billion euro ($11 billion) all-share offer for smaller...

Published 25 Nov, 2024 01:32pm

Markets

European stocks sink

FRANKFURT: Europe’s main stock index touched its lowest level in three months on Tuesday, as escalating...

Published 20 Nov, 2024 06:45am

Business & Finance

Commerzbank CEO focused on standalone strategy amid UniCredit interest

WASHINGTON: Commerzbank CEO Bettina Orlopp said on Friday that the lender was focusing on its standalone strategy,...

Published 25 Oct, 2024 08:48pm

Business & Finance

UniCredit signs agreement for 500 new jobs, 1,000 voluntary exits

MILAN: UniCredit has signed an agreement with labour unions for the employment of 500 people and 1,000 voluntary...

Published 17 Oct, 2024 11:59am

Business & Finance

Commerzbank would lose clients in UniCredit merger, German lender’s CEO says

FRANKFURT: Commerzbank and UniCredit did not discuss a merger at a recent meeting, the German lender’s CEO Bettina...

Published 07 Oct, 2024 11:51am

Business & Finance

Europe needs bigger banks to compete with US, Chinese rivals: Lagarde

FRANKFURT: Europe needs bigger and stronger banks that can compete with their US and Chinese rivals, European ...

Updated 07 Oct, 2024 08:05am

Business & Finance

UniCredit’s rating might top Italy’s if it buys Commerzbank, Moody’s says

MILAN: Moody’s would consider hiking UniCredit’s credit rating one notch above Italy’s sovereign rating if it bought...

Published 02 Oct, 2024 01:25pm

Business & Finance

Commerzbank, UniCredit to meet Friday morning, source says

FRANKFURT: A meeting between bankers from Commerzbank and UniCredit will be held virtually on Friday morning, a...

Published 27 Sep, 2024 01:45pm

Business & Finance

Commerzbank boards confirm independent strategy as UniCredit seeks possible tie-up

FRANKFURT: Commerzbank’s supervisory and management boards have unanimously confirmed the bank’s current strategy of...

Published 26 Sep, 2024 01:54pm

Markets

European shares end higher, Commerzbank dips

PARIS: European shares closed higher on Monday as a soft business activity reading strengthened the case for more...

Published 24 Sep, 2024 03:28am

Business & Finance

Unicredit, Commerzbank merger would add value for all stakeholders, Orcel tells Handelsblatt

BERLIN: A merger of Italy’s Unicredit and Germany’s Commerzbank would add value for all stakeholders and create a...

Published 16 Sep, 2024 10:59am

Russia seizes Deutsche Bank, UniCredit assets

MOSCOW: A Russian court has ruled that Deutsche Bank and UniCredit’s assets in Russia are to be seized, documents...

Updated 19 May, 2024 09:29am

Business & Finance

UniCredit vows to match 2023 income after beating forecast

MILAN: UniCredit pledged to match its 2023 income this year despite a toughening backdrop and said it would pay out...

Published 05 Feb, 2024 01:37pm

Business & Finance

UniCredit CEO denies buying shares in Pop Sondrio

MILAN: UniCredit Chief Executive Andrea Orcel on Thursday said his bank was not buying shares in Popolare di...

Published 18 Jan, 2024 02:35pm

Markets

UniCredit kicks off new 2.5bn euro share buyback

MILAN: UniCredit on Monday kicked off a new share buyback for up to 2.5 billion euros ($2.6 billion) and said it had...

Published 30 Oct, 2023 01:48pm

Markets

UniCredit to have more than 10bn euros in excess capital by end-2023

ROME: UniCredit will have more than 10 billion euros ($10.60 billion) in excess capital by end-2023 and will...

Published 25 Oct, 2023 11:20am

Markets

Italy’s UniCredit, Greece’s Alpha Bank to merge Romanian units

MILAN: Italian bank UniCredit on Monday said it was strengthening its presence in Romania by merging its local...

Published 23 Oct, 2023 12:21pm

Markets

UniCredit picks headhunters to advise board on own slate of nominees

MILANO: UniCredit said on Tuesday it had mandated Egon Zehnder and Spencer Stuart as headhunters to support the...

Published 26 Sep, 2023 04:44pm

Markets

UniCredit raises 2023 guidance after strong quarter

MILAN: UniCredit on Wednesday raised its financial targets for the year, after posting much stronger than expected...

Published 03 May, 2023 10:53am

Markets

UniCredit to repay AT1 bond, says no need to issue more near term

MILAN: UniCredit said on Thursday it would redeem in June a 1.25 billion euro ($1.38 billion) ‘Additional Tier 1’...

Published 27 Apr, 2023 12:44pm

Markets

UniCredit fails to win support for pay policy from major shareholder Allianz

MILAN: Funds managed by German insurer Allianz, the second-biggest shareholder in UniCredit, failed to back the...

Published 25 Apr, 2023 12:20pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	283
USD PKR Interbank Buying / Jun 13	282.75
USD to Japanese Yen / Jun 14	144.07
USD to Swiss Franc / Jun 14	0.81
Pound Sterling to USD / Jun 14	1.36
Euro to USD / Jun 14	1.15
UK LIBOR % / Jun 14	4.96

Stock	Volume
S&P 500 / Jun 14	5,976.97
India Sensex / Jun 14	81,118.60
Tokyo Nikkei / Jun 14	37,834.25
Nasdaq / Jun 14	19,406.83
Hang Seng / Jun 14	23,892.56
FTSE 100 / Jun 14	8,850.63
Dow Jones / Jun 14	42,197.79
Germany DAX 30 / Jun 14	23,516.23
France CAC40 / Jun 14	7,784.68

Item	Value
Crude Oil USD/Barrel / Jun 14	72.98
Karachi Cotton PKR/37.32 KG / Jun 14	16,485
Gold 10 Grams PKR / Jun 14	310,007
Gold Spot USD/Ounce / Jun 14	3,432.34
Cotton US¢/pound / Jun 14	67.84
Petrol/Litre / Jun 15	253.63
Diesel/Litre / Jun 15	254.64

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	2.93 ▲ 1 (51.81%)
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	3.06 ▲ 0.94 (44.34%)
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	3.39 ▲ 1 (41.84%)
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	2.71 ▲ 0.58 (27.23%)
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	7.11 ▲ 1 (16.37%)
Unicap Modaraba / Jun 13 Unicap Modaraba(UCAPM)	3.65 ▲ 0.48 (15.14%)
First Dawood Prop. / Jun 13 First Dawood Properties Limited(FDPL)	3.56 ▲ 0.36 (11.25%)
Ashfaq Textile / Jun 13 Ashfaq Textile Mills Limited(ASHT)	25.70 ▲ 2.34 (10.02%)
AN Textile Mills / Jun 13 AN Textile Mills Limited(ANTM)	15.49 ▲ 1.41 (10.01%)
Shadman Cotton / Jun 13 Shadman Cotton Mills Limited(SHCM)	47.38 ▲ 4.31 (10.01%)

Stock	Price
Shaheen Ins. / Jun 13 Shaheen Insurance Company Limited(SHNI)	4.75 ▼ -0.65 (-12.04%)
Trust Sec.& Brok. / Jun 13 Trust Securities & Brokerage Limited(TSBL)	12.20 ▼ -1.36 (-10.03%)
First Elite Cap.Mod / Jun 13 First Elite Capital Modaraba(FECM)	37.98 ▼ -4.22 (-10%)
Khyber Textile / Jun 13 Khyber Textile Mills Limited(KHYT)	1,794.55 ▼ -199.39 (-10%)
PIA Holding Co.B / Jun 13 PIA Holding Company Limited B(PIAHCLB)	18,889.10 ▼ -2098.79 (-10%)
F.Credit & Inv / Jun 13 First Credit and Investment Bank Limited(FCIBL)	11.23 ▼ -1.24 (-9.94%)
Arctic Textile / Jun 13 Arctic Textile Mills Limited(ARCTM)	39.72 ▼ -4.26 (-9.69%)
Crescent Cotton / Jun 13 Crescent Cotton Mills Limited(CCM)	50.41 ▼ -5.4 (-9.68%)
Shahtaj Textile / Jun 13 Shahtaj Textile Limited(STJT)	78.62 ▼ -8.32 (-9.57%)
Hala Enterprise / Jun 13 Hala Enterprises Limited(HAEL)	30.69 ▼ -3.23 (-9.52%)

Stock	Volume
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	116,655,242 ▲ 1
WorldCall Telecom / Jun 13 Worldcall Telecom Limited(WTL)	100,891,108 ▲ 0.08
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	85,324,384 ▲ 0.94
PIA Holding Co.Ltd / Jun 13 PIA Holding Company Limited(PIAHCLA)	30,960,243 ▲ 0.62
B.O.Punjab / Jun 13 The Bank of Punjab(BOP)	27,555,139 ▼ -0.26
Kohinoor Spining / Jun 13 Kohinoor Spinning Mills Limited(KOSM)	27,294,482 ▲ 0.17
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	27,189,737 ▲ 0.58
Cnergyico PK / Jun 13 Cnergyico PK Limited(CNERGY)	26,834,469 ▼ -0.35
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	23,063,464 ▲ 1
Sui South Gas / Jun 13 Sui Southern Gas Company Limited(SSGC)	21,700,047 ▼ -0.4

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