BP Maintains Share Buybacks as Cash Flow Drops, Debt Rises
BP Plc maintained the pace of its share buybacks even as first-quarter profit and cash flow fell by more than expected and net-debt increased.
BP Plc maintained the pace of its share buybacks even as first-quarter profit and cash flow fell by more than expected and net-debt increased.
UK house prices stagnated in April, according to Halifax, adding to evidence of a property market facing headwinds from rising mortgage rates.
Global funds’ underweight position in Chinese equities may have reached a bottom as foreign inflows return, according to UBS Group AG.
UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year.
China’s cryptic hints at a plan to address its property market woes have buoyed investors. But economists want more details before buying into the recovery story.
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