Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue as it took a hit of about 200 million euros ($217 million) to its topline largely because the COVID-19 pandemic disrupted supply from operations in China.
(Bloomberg) — Royal Dutch Shell Plc cut its dividend for the first time since the Second World War as the oil slump triggered by the coronavirus pandemic reshapes the energy industry.The surprise move is the latest illustration of how the global spread of the deadly disease is causing the biggest upheaval for generations. Energy consumption is undergoing a historic plunge, as is GDP growth in many countries. The global economy that emerges from the other side of the crisis may look very different, with lasting changes to patterns of fuel demand.This is a big moment in the history of Shell …read more […]
Royal Dutch Shell cut its dividend for the first time in 80 years on Wednesday after a sharp drop in profit as global oil demand collapsed due to coronavirus.
Royal Dutch Shell cut its dividend for the first time in 80 years and suspended the next tranche of its share buyback programme on Thursday following the collapse in global oil demand due to the coronavirus pandemic. “Given the continued deterioration in the macroeconomic outlook and the significant mid and long-term uncertainty, we are taking further prudent steps to bolster our resilience, underpin the strength of our balance sheet and support the long-term value creation of Shell,” Chief Executive Ben van Beurden said in a statement. Starting in the first quarter, Shell will reduce its quarterly dividend …read more […]
European planemaker Airbus is in talks with the French state regarding possible aid for the company, one of many in the transport sector to have been hit hard by the coronavirus crisis, said Airbus Chief Executive Guillaume Faury on Thursday.
British consumer goods firm Reckitt Benckiser Plc reported record quarterly sales growth on Thursday as customers stocked up on its Lysol disinfectants, Mucinex cough syrup and Dettol soap amid the coronavirus lockdowns.
Concerns over leaks compelled the top U.S. infectious disease official to reveal data on Gilead Sciences Inc’s experimental drug remdesivir, the first in a scientifically rigorous clincial trial to show benefit in treating COVID-19. The dramatic announcement by Dr Anthony Fauci in the Oval Office on Wednesday prompted concerns among scientists that the Trump administration was raising hopes about a coronavirus treatment before sharing the full data with researchers. As a cautionary example of inflating the potential value of a therapy, some pointed to President Donald Trump’s repeated endorsements of malaria drug hydroxychloroquine as a treatment, with no …read more […]
Before the coronavirus, investors hungry for returns piled into risky corporate loans and bonds with precious little protection for creditors. Now they’re frantically scouring the terms to see just what firms can get away with to survive the fallout.
Virgin Australia Holdings Ltd’s administrators said on Thursday they had given eight potential buyers access to a data room and were negotiating with another 12 about doing so as they seek to sell the country’s second-biggest airline by end-June.
The chairman of Wirecard’s supervisory board, Thomas Eichelmann, voiced support for the German payments company’s chief executive, Markus Braun, despite controversy over previous months, according to an interview with a German newspaper.
Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue that missed analysts’ estimates, as it took a hit of about 200 million euros to its topline largely because the COVID-19 pandemic disrupted supply in China. It, however, eked out a small profit backed by good demand for its new 5G telecoms equipment. Nokia reported January-March revenues of 4.9 billion euros ($5.33 billion), missing the 5.1 billion euro consensus figure, according to Refinitiv data. …read more […]
Nokia Oyj reported lower-than-expected revenues for the first three months of the year on Thursday, but eked out a small profit, backed by good demand for 5G telecoms equipment.
Carlsberg said on Thursday sales fell 7% in the first quarter with a further decline expected this quarter, as increased beer sales in supermarkets failed to balance the closure of bars and restaurants during the coronavirus lockdown.
The chairman of Wirecard’s supervisory board, Thomas Eichelmann, voiced support for the German payments company’s chief executive, Markus Braun, despite controversy over previous months, according to an interview with a German newspaper.
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