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Shell Reports Big Profit Miss in Third Quarter

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Shell Reports Big Profit Miss in Third Quarter

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Reuters

UniCredit raises 2021 profit goal after strong quarter

Italy’s second-biggest bank UniCredit raised its 2021 profit and revenue goals on Thursday, strengthening the hand of its new CEO after he walked out of talks to buy troubled rival Monte dei Paschi (MPS). Italy’s only bank that regulators deem of global systemic relevance, UniCredit last year lost its domestic leadership to Intesa Sanpaolo, which snapped up mid-tier peer UBI in an unsolicited takeover to secure a fifth of the market – twice the share of UniCredit. Some analysts had seen a deal for state-owned MPS as a way to regain ground, but UniCredit abandoned the talks on Sunday.

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