April 29, 2020

Shares edge up as economies look to reopen

World shares eked out slim gains on Wednesday, with optimism over economies easing coronavirus lockdowns and rebounding oil prices leavened by a mixed picture on corporate […]
April 29, 2020

KFC operator Yum’s same-store sales, profit as lockdowns bite

Yum Brands Inc reported a 7% fall in quarterly comparable store sales on Wednesday, as many restaurants across its brands were closed or limited to delivery […]
April 29, 2020

Alphabet earnings drive futures higher ahead of GDP data

U.S. stock index futures rose on Wednesday after Google-parent Alphabet reported upbeat quarterly results, while investors braced for data that could show a sharp contraction in […]
April 29, 2020

John Lewis Partnership names former Sainsbury’s director James Bailey as new Waitrose boss

Britain’s John Lewis Partnership [JLPLC.UL] has appointed James Bailey, a former director of Sainsbury’s , to be the new boss of its upmarket supermarket chain Waitrose, […]
April 29, 2020

UK’s Next bolsters finances after coronavirus triggers 41% sales fall

British clothing retailer Next has shored up its finances to help get it through the coronavirus crisis by selling property, suspending share buybacks and dividends and […]
April 29, 2020

Novartis wins expanded European OK for Cosentyx amid pursuit of $5 billion sales

Novartis on Wednesday won a new European approval for its inflammation drug Cosentyx in a form of arthritis, as the Swiss drugmaker predicts broadening use of […]
April 29, 2020

VW says expects to be profitable in 2020 as first-quarter earnings drop

Volkswagen on Wednesday said it expected to be profitable on a full-year basis even as the coronavirus pandemic caused first-quarter earnings to plunge. Powered by WPeMatico
April 29, 2020

Daimler sees profits at Mercedes-Benz Cars rising in 2020

Daimler said it expected the operating profit of its Mercedes-Benz Cars & Vans division to be above the prior-year level, even as the corona pandemic forced […]
April 29, 2020

Airbus first-quarter core profit plunges 49% as coronavirus crisis starts to bite

Planemaker Airbus on Wednesday posted a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenue dropped 15% to 10.631 billion […]
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