repurchase

Shell plans to repurchase $3.5bn worth of shares after surpassing profit projections.

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Shell plans to repurchase .5bn worth of shares after surpassing profit projections.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shell has announced another $3.5bn of share buybacks after its quarterly profits exceeded market expectations. Europe’s largest oil and gas company reported adjusted earnings of $6bn for the third quarter, beating average analyst estimates of … Read more

HSBC reports 10% increase in profits for third quarter and initiates $3 billion share repurchase program according to Reuters

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HSBC reports 10% increase in profits for third quarter and initiates billion share repurchase program according to Reuters

HSBC Holdings reported a 10% increase in third-quarter profit, surpassing analyst expectations. The bank’s wealth and wholesale banking divisions benefited from slower rate cuts, while undergoing a major overhaul. Europe’s largest bank recorded a pretax profit of $8.5 billion for the July-to-September period, up from $7.7 billion a year earlier. This result exceeded the $7.6 … Read more