February 12, 2020

U.S. stores help Ahold to 3% quarterly profit rise

Food retailer Ahold Delhaize reported a 3% rise in fourth-quarter core earnings on Wednesday helped by its Food Lion and Hannaford U.S. grocery chains. Powered by […]
February 12, 2020

Gucci owner Kering flags China virus uncertainties after strong fourth quarter

Kering said on Wednesday the coronavirus epidemic in China could heighten uncertainties for the luxury goods market, as the group posted higher-than-expected sales for the fourth […]
February 12, 2020

Heineken sees 2020 profit growth as some commodity costs ease

Heineken , the world’s second largest brewer, expects to benefit from lower barley and aluminum costs this year after 2019 earnings rose exactly in line with […]
February 12, 2020

Nissan seeks $91 million in damages from Ghosn over alleged financial misconduct

Nissan Motor Co on Wednesday said it had filed a civil lawsuit in Japan against former Chairman Carlos Ghosn seeking 10 billion yen ($91.02 million) in […]
February 12, 2020

SoftBank Group quarterly profit wiped out by Vision Fund losses

SoftBank Group Corp reported a near-total wipe out in quarterly profit on Wednesday, after the Japanese technology investor was whiplashed for a second consecutive quarter by […]
February 12, 2020

ABN Amro profit hurt by low interest rates, rising impairments

Dutch bank ABN Amro reported on Wednesday fourth-quarter net income that missed analysts’ estimates, hurt by lower interest income and higher impairments. Powered by WPeMatico
February 12, 2020

Sainsbury’s Bank chairman Roger Davis to step down

The banking division of British supermarket group Sainsbury’s has started the search for a new chairman after Roger Davis notified the board he plans to step […]
February 12, 2020

JPMorgan picked as adviser for sale of stake in $7.3 billion Turkish motorway: sources

JPMorgan has been picked as an adviser for the sale of a stake in a $7.3 billion motorway in Turkey, four sources familiar with the matter […]
February 12, 2020

‘Everyone is guessing’ about coronavirus economic impacts, say experts

The coronavirus that spread from a seafood market in Wuhan, China to infect tens of thousands has shuttered businesses, grounded flights and killed over 1,000 people […]
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