Business News
Deutsche Bank welcomes Capital Group with 3.1% stake
Deutsche Bank said on Thursday that Capital Group now holds a 3.1% stake in the German bank, making the Los Angeles-based firm one of its largest shareholders.
Month: February 2020
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Deutsche Bank welcomes Capital Group with 3.1% stake
Deutsche Bank said on Thursday that Capital Group now holds a 3.1% stake in the German bank, making the Los Angeles-based firm one of its largest shareholders. “We are happy for any shareholders, especially those with the track record and credibility of Capital,” Deutsche Bank said in a statement. Deutsche Bank’s largest shareholder remains the Qatari royal family, with a combined share of at least 6.1%, the bank’s website showed. …read more […]
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Nokia Results Beat Provides Some Relief to Tested Investors
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Nokia Oyj shares gained after the company reported fourth-quarter profit that exceeded expectations, bringing relief to investors concerned about the Finnish company’s checkered performance in the early stages of 5G rollouts.The Finnish network-equipment vendor posted adjusted earnings per share of 0.15 euros in the fourth quarter, higher than the 0.13 euros analysts surveyed by Bloomberg had expected on average.Key InsightsThe improvement in earnings reflects progress on the company’s cost savings program, though lower gross profit, particularly within the mobile access part of …read more […]
Business News
Nokia’s surprise profit rise fails to salvage 2019 dividend
Cost cuts helped Nokia to a surprise rise in its October-December underlying profit on Thursday, although the Finnish telecom network equipment maker flagged tough times ahead and said it would not propose a dividend for 2019.
Business News
Mitsubishi postpones SpaceJet delivery again, books $4.5 billion special loss
Japan’s Mitsubishi Heavy Industries said on Thursday it will book a 496.4 billion yen ($4.5 billion) special loss after its aircraft unit delayed the delivery of its SpaceJet regional jet for at least another year until after March 2021.
Business News
China to halve tariffs on some U.S. imports as virus risks grow
China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 deal that brought a truce to a bruising trade war between the world’s two largest economies.
Business News
Oil rises a second day in ‘relief rally’ over China coronavirus
Oil futures rose for a second day on Thursday amid investor optimism over unconfirmed reports of possible advances in combating the coronavirus outbreak in China which could cause fuel demand to rebound in the world’s biggest oil importer.
Business News
Sanofi eyes more EPS growth this year as it narrows focus
Sanofi said on Thursday its earnings per share were likely to rise by around 5% in 2020, weeks after it promised to focus on vaccines and key treatments including eczema medicine Dupixent until 2022.
Business News
Strong cash flow keeps Total’s fourth-quarter net profit steady
French energy major Total said on Thursday that its net adjusted profit for the fourth quarter of 2019 was steady at $3.2 billion compared with the same period a year ago, supported by strong cash flow, despite low oil prices.
Business News
Norwegian Air’s January passenger income jumps
Norwegian Air cut its capacity by a bigger-than-expected 29% in January from a year earlier, removing unprofitable routes while boosting its income from remaining flights, its traffic data showed on Wednesday.
Business News
Exclusive: BP eyes sale of Algerian gas plant after Rosneft talks fail – sources
BP is seeking buyers for its stake in a major Algerian gas plant deep in the Sahara desert after recent talks on a sale to Russian oil giant Rosneft failed, three industry sources told Reuters.
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Nokia Results Beat Provides Some Relief to Tested Investors
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Nokia Oyj’s fourth-quarter profit exceeded expectations, bringing relief to investors concerned about the Finnish company’s checkered performance in the early stages of 5G rollouts.The Finnish network-equipment vendor posted adjusted earnings per share of 0.15 euros in the fourth quarter, higher than the 0.13 euros analysts surveyed by Bloomberg had expected on average.Key InsightsThe improvement in earnings reflects progress on the company’s cost savings program, though lower gross profit, particularly within the mobile access part of the company’s network division, was a drag …read more […]
Business News
Nokia posts surprise quarterly profit rise on cost cuts
Finnish telecom network equipment maker Nokia reported on Thursday a surprise rise in October-December underlying profit, driven by cost cuts, and said most of its 2020 profit will be generated in the fourth quarter.
Business News
China to halve tariffs on some U.S. imports as virus risks escalate
China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 trade deal that brought a truce to a bruising trade war between the world’s two largest economies.
Business News
Volvo Cars posts rise in fourth-quarter profit, helped by cost cuts and sales growth
Sweden’s Volvo Car Group, owned by China’s Geely, reported an 18% rise in fourth-quarter operating profit as cost cuts and growing sales more than offset the impact of subdued global auto markets.