Ferrari projected even higher sales and profits this year after delivering record results in 2022, driven by demand across the Americas and China, as it shrugged off the spectre of an economic downturn. The supercar brand’s net profits, revenues and cash generation hit record levels…

UK power supplier Centrica has apologised for the “deeply disturbing” behaviour of a third-party contractor alleged to have broken into vulnerable customers’ homes to install pre-pay energy meters on its behalf, and suspended the controversial practice of forced instalments.Chief executive Chris O’Shea said the owner…

UK broker Peel Hunt has agreed a deal with rivals Rothschild, Numis, Hargreaves Lansdown and Jefferies to create a company that will offer retail investors access to initial public offerings and other listed company fundraisings.Peel Hunt will relaunch an existing platform, Rex, that allows retail…

The French advertising group Publicis forecasts growth throughout 2023 despite a volatile economic backdrop after increasing its revenues by a fifth last year. The world’s third-largest advertising group by revenues rebounded from the damage wrought by the pandemic and several years of transition as it grappled…

Hello, this is Kenji.I just came back to Hong Kong on Tuesday evening from over two weeks of reporting in Europe, including at the World Economic Forum in Davos, Switzerland. The day before I left, news broke that Renault and Nissan had finally reached an…

Santander more than doubled its provisions for bad loans to €3bn in the final quarter of last year and expects to keep expanding its buffer against potential defaults in the face of economic uncertainty and rising interest rates.The Spanish bank said on Thursday that its…