Advertisement
UK markets closed

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • FTSE 250

    19,719.37
    -80.35 (-0.41%)
     

  • AIM

    754.05
    -0.82 (-0.11%)
     

  • GBP/EUR

    1.1633
    +0.0005 (+0.04%)
     

  • GBP/USD

    1.2431
    -0.0021 (-0.17%)
     

  • Bitcoin GBP

    51,979.61
    -1,552.16 (-2.90%)
     

  • CMC Crypto 200

    1,400.69
    -23.41 (-1.64%)
     

  • S&P 500

    5,053.87
    -16.68 (-0.33%)
     

  • DOW

    38,352.48
    -151.21 (-0.39%)
     

  • CRUDE OIL

    82.86
    -0.50 (-0.60%)
     

  • GOLD FUTURES

    2,340.60
    -1.50 (-0.06%)
     

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • DAX

    18,088.70
    -48.95 (-0.27%)
     

  • CAC 40

    8,091.86
    -13.92 (-0.17%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Schlumberger expects to 'materially grow' margins and cash flow in near to medium term - CEO

Reuters
Updated
FILE PHOTO: The exterior of the Schlumberger Corporation headquarters building is pictured in the Galleria area of Houston

DENVER (Reuters) - Schlumberger NV, the world's leading oilfield service provider, expects to materially grow its margins and cashflow over the medium and short term horizons, Chief Executive Officer Olivier Le Peuch said on Wednesday.

The company expects to reach adjusted EBIDTA margins of 25%, or a 500 basis point expansion from pre-pandemic levels, over that period. It expects to continue generating double-digit free cash flow margins and restore return on capital employed to double digits in the short to medium term, Le Peuch said.

(Reporting by Liz Hampton in Denver)