Returns via buybacks and dividends higher than any year since before the financial crisis
European banks are on course to return more than €120bn to shareholders off the back of their 2023 results as they pass on the benefits of surging interest rates to investors. Bosses of European lenders are under pressure to boost their valuations and win over investors, who have been spooked by dividend bans and windfall taxes across the continent in recent years.
Among the most eye-catching distribution announcements this year are Italy’s UniCredit, which promised to pay €8.6bn — its entire profit haul for 2023 — to investors. On Monday, Barclays pledged to return £10bn to shareholders over the next three years, while on Friday Standard Chartered said it would return $5bn over the same period.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Decline of the star stockpicker: investors pull $150bn from equity hedge fundsClients tire of managers’ poor returns in bull and bear markets
Read more »
Putin reveals 'one case' where Russia would invade European countries'Only one condition: If Poland attacked Russia...A global war will bring all humanity to the brink of destruction.'
Read more »
NATO criticises Donald Trump for comments that 'put American and European soldiers at risk'NATO made the intervention after Mr Trump said he would let Russia 'do whatever the hell they want' to members of the alliance that don't pay enough for defence at a rally in South Carolina on Saturday.
Read more »
Apple makes it official: No Home Screen web apps in European UnioniBiz expresses regret for the impact of its entirely avoidable decision
Read more »
Stock Markets Reach All-Time HighStock markets have surpassed previous records, with annual returns of over 8% since 2010. American returns have been particularly strong.
Read more »
Wallpaper* returns to Milan Design Week with a new exhibition at TriennaleRosa Bertoli was born in Udine, Italy, and now lives in London. Since 2014, she has been the Design Editor of Wallpaper*, where she oversees design content for the print and online editions, as well as special editorial projects. Through her role at Wallpaper*, she has written extensively about all areas of design.
Read more »