Reckitt Benckiser achieved record sales growth in the first quarter and predicted a stronger than expected performance in 2020 as customers stocked up on Lysol disinfectants, Mucinex cough syrup and Dettol soap ahead of the coronavirus lockdowns.
U.S. agribusiness giant Cargill said on Thursday it will introduce a range of plant-based food products to China following a successful trial of plant-based nuggets by Yum Holdings KFC.
Nissan Motor Co’s vehicle sales in China this month almost recovered to the prior year’s level after a coronavirus-related 45% plunge in March, two sources with knowledge of the Japanese automaker’s preliminary data said.
Royal Dutch Shell slashes its quarterly dividend by two-thirds amid the global oil price shock. …read more […]
Malaysia Airlines (MAB) is working closely with sole shareholder Khazanah Nasional for financial support needed due to the coronavirus crisis, it said on Thursday.
Thai Airways International PCL aims to seek a 58.1 billion baht ($1.80 billion) emergency loan to maintain liquidity and see it through a coronavirus-induced drop in demand, showed a document from the airline detailing its plan.
The coronavirus is roiling global job markets, but the picture is not all gloomy. Finance, technology and consumer goods firms are hiring tens of thousands in the United States and other countries, according to data from Microsoft Corp’s professional networking site LinkedIn.
Investors are betting that an experimental anti-viral drug could help countries emerge from lockdowns. …read more […]
Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic.
Japan Airlines on Thursday declined to release an annual earnings forecast or pay a shareholder dividend amid uncertainty over the future of air travel as the coronavirus pandemic saps demand for flights.
Carlsberg said on Thursday worse is still to come after a 7% decline in first quarter sales, as increased beer sales in supermarkets failed to balance the closure of bars and restaurants during the coronavirus lockdown.
Oil prices jumped on Thursday, buoyed by signs that the U.S. crude glut is not growing as quickly as expected and that fuel demand battered by COVID-19 restrictions is starting to pick up.
KLM, the Dutch subsidiary of airline group Air France-KLM , expects discussions with banks on financial aid will take weeks to conclude, Dutch newspaper De Telegraaf reported on Thursday.
British American Tobacco said on Thursday it was maintaining its guidance of high single figure earnings per share growth for 2020 while expecting some impact on volume and revenue growth in the second-quarter due to the coronavirus.
British supermarket group Sainsbury’s estimated a profit impact of 500 million pounds ($623 million) from the coronavirus pandemic and said it would defer any dividend payment decisions until later in the financial year.
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