TOKYO (Reuters) -Nippon Steel ( NISTF ), Japan's biggest steelmaker, on Thursday beat estimates, but posted a 20.8% decline in net profit for the year ended in March to 549.4 billion yen ($3.53 billion) because of losses on inactive facilities. Nippon Steel ( NISTF ) had been expected to post a net profit of 464.6 billion yen, according to a...

May 9 (Reuters) - Apollo-backed Concord on Thursday said it will not raise its $1.25 per share offer for Hipgnosis Songs Fund ( HPGSF ) days after Blackstone outbid it for the owner of music rights of artists, including Shakira and Blondie. Blackstone sweetened its offer to $1.30 apiece or about $1.57 billion in April, above Concord's bid and had...

MILAN, May 9 (Reuters) - Italy's Prysmian said on Thursday its full-year core earnings would be at the upper end of its forecasts, after posting a falling but above-expectations result in the first quarter thanks to its power grid and transmission businesses. The world's largest cable maker said its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to...

TOKYO (Reuters) - Japan's Panasonic Holdings ( PCRFF ) forecast on Thursday a 23% rise in operating profit for its battery-making energy unit in the current business year, after undershooting its estimated operating profit for the year that just ended. Operating income for the key segment, which makes batteries for Tesla and other automakers, is expected to reach 109 billion...