BlackRock creates biggest climate exchange-traded fund range

Asset manager BlackRock (BLK.N) said on Tuesday it had created the largest range of climate-aligned exchange-traded equity funds (EFT) after agreeing to tighter rules to govern six existing funds with $9 billion in assets. Following consultations with BlackRock, the MSCI indexes that underpin BlackRock’s iShares ESG Enhanced UCITS ETF range will follow the European Union’s […]

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KPN reports Q3 earnings in line with expectations, revenue up 1%

KPN NV (KPN.AS), the largest Dutch telecommunications company, reported on Tuesday third-quarter core earnings in line with expectations and repeated its full-year financial forecasts. Adjusted earnings before interest, taxes, depreciation, amortization and leases (EBITDAL) came in at 607 million euros ($706 million) for the three months ended Sept. 30, compared with 598 million euros a […]

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Orange profit held back by drop in co-investment returns

French telecoms operator Orange’s (ORAN.PA) quarterly profit was hit by lower returns from co-financing deals to deploy networks, it said on Tuesday. Like other European operators, the state-controlled former monopoly struggles to maintain strong upward momentum in earnings, caught between the need to upgrade networks while contending with fierce competition in France and Spain, its […]

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