Business

Electro Optic Systems flags potential legal breaches over Grizzly short report; shares end higher

Tuesday, February 10 by SRN News

Feb 10 (Reuters) - Australian laser maker Electro Optic Systems said on Tuesday it was concerned U.S. short seller Grizzly Research may have acted unlawfully by publishing a report on the company last week that triggered a sharp fall in its share price. On Friday,... Read More.

Barclays lifts profit, raises targets as looks to AI to trim costs

Tuesday, February 10 by SRN News

By Lawrence White LONDON, Feb 10 (Reuters) - Barclays increased its profit by 12% in 2025 and on Tuesday raised its performance targets as the British bank looks to improve returns by focusing on its core U.S. and UK markets and using technology such as... Read More.

BP profit up 32% in line with expectations, suspends buybacks

Tuesday, February 10 by SRN News

LONDON, Feb 10 (Reuters) - BP posted a fourth-quarter underlying replacement cost profit, or adjusted net income, of $1.54 billion on Tuesday, up around 32% on last year and in line with expectations. BP, whose new CEO Meg O'Neill will start in April, said... Read More.

Bottler Coca-Cola HBC sees profit rise on strong demand for non-alcoholic drinks

Tuesday, February 10 by SRN News

(This story has been refiled to remove the image) Feb 10 (Reuters) - Bottler Coca-Cola HBC AG forecast 7%-10% growth in organic operating profit in 2026 on Tuesday, driven by strong demand for non-alcoholic drinks and expansion into markets with growth potential. The company, which sells... Read More.

Honda reports declining profit as Trump’s tariffs and EV moves hurt Japanese automaker’s results

Tuesday, February 10 by SRN News

TOKYO (AP) - Honda reported Tuesday a 42% drop in profit for the nine months through December, compared to a year earlier, as U.S. President Donald Trump's tariffs hurt the Japanese automaker's earnings. Tokyo-based Honda Motor Co.'s profit over the three quarters totaled 465.4 billion... Read More.

Foreign investors pull from Asian stocks as AI-driven tech rout spreads

Tuesday, February 10 by SRN News

By Gaurav Dogra Feb 10 (Reuters) - Foreign outflows from Asian stocks rose sharply in the first week of February as South Korea and Taiwan came under pressure from a global selloff in high-growth technology shares on concerns over the hefty AI-related capital spending. Foreign investors... Read More.

Carlyle to invest $232 million in India’s Edelweiss housing finance arm

Tuesday, February 10 by SRN News

Feb 10 (Reuters) - U.S. private equity firm Carlyle will invest 21 billion rupees ($232 million) in the housing finance unit of India's Edelweiss Financial, the Indian firm said on Tuesday. The investment includes acquisition of a 45% stake and a primary equity capital... Read More.

Saks Global collapse shows struggles of department store model, Kering CEO says

Tuesday, February 10 by SRN News

PARIS, Feb 10 (Reuters) - Luca De Meo, the CEO of Gucci-owner Kering, said on Tuesday the crisis at high-end department store conglomerate Saks Global shows that the distribution model of department stores needs to be reinvented. Speaking to reporters after presenting the group's... Read More.

BP suspends buyback to trim debt as quarterly profit meets expectations

Tuesday, February 10 by SRN News

By Stephanie Kelly and Shadia Nasralla LONDON, Feb 10 (Reuters) - BP suspended its share buyback programme as it wrote down around $4 billion in its renewables and biogas businesses ahead of a new CEO taking the helm, as it reported quarterly profit that met... Read More.

Social media ‘addicting the brains of children,’ plaintiff’s lawyer argues in landmark trial

Tuesday, February 10 by SRN News

LOS ANGELES (AP) - Comparing social media platforms to casinos and addictive drugs, lawyer Mark Lanier delivered opening statements Monday in a landmark trial in Los Angeles that seeks to hold Instagram owner Meta and Google's YouTube responsible for harms to children who use... Read More.

Current Weather

Electro Optic Systems flags potential legal breaches over Grizzly short report; shares end higher

Barclays lifts profit, raises targets as looks to AI to trim costs

BP profit up 32% in line with expectations, suspends buybacks

Bottler Coca-Cola HBC sees profit rise on strong demand for non-alcoholic drinks

Honda reports declining profit as Trump’s tariffs and EV moves hurt Japanese automaker’s results

Foreign investors pull from Asian stocks as AI-driven tech rout spreads

Carlyle to invest $232 million in India’s Edelweiss housing finance arm

Saks Global collapse shows struggles of department store model, Kering CEO says

BP suspends buyback to trim debt as quarterly profit meets expectations

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