market-capitalisation
Top StoriesVodafone Shares Edge up After UAE Stake Buy Provides Support
Top StoriesVolkswagen to Build 800,000 Fully-Electric Cars This Year
Top StoriesHapag-Lloyd Q1 Net Profit More Than Triples, Expects Strong Q2
Top StoriesPhilip Morris in Talks to Buy Smaller Rival Swedish Match
British Airways-Owner Iag Scales Back Summer Ramp-Up to Avoid Disruptions
Date: May 6, 2022
By Paul Sandle LONDON (Reuters) -British Airways-owner IAG cut back plans to ramp up short-haul flights to avoid disruption at Heathrow airport this summer, sending its shares skidding 8% on Friday after admitting it doesn’t have enough staff to cope. The company, which also owns Iberia, Vueling and Aer Lingus, has struggled with crew absences...
Stainless Steel Maker Outokumpu Shares up More Than 6% on Strong Q1
Date: May 5, 2022
HELSINKI (Reuters) -Finnish stainless steel maker Outokumpu saw its shares soar more than 6% on Thursday after reporting stronger-than-expected quarterly profits, boosted by higher prices for stainless steel and ferrochrome. The company said it expects the strong performance to continue in the second quarter, seeing a further rise in its adjusted earnings from the first...
Bmw Profit Gets Lift From Chinese Joint Venture, Strong Prices
Date: May 5, 2022
By Nick Carey LONDON (Reuters) – BMW posted a rise in first-quarter profit on Thursday, boosted by a reevaluation of the German car maker’s stake in its Chinese joint venture and strong pricing, and kept its 2022 outlook, despite volatile prices for commodities and energy. A global semiconductor chip shortage has hit car production across...
France’s Safran Tackles Impact of Ukraine War but Confirms Targets
Date: April 29, 2022
PARIS (Reuters) – French aerospace group Safran warned of “significant impacts” from the war in Ukraine and from rising inflation, but confirmed full-year forecasts as it reported 22% growth in first-quarter revenue. The maker of jet engines and landing gear said quarterly adjusted sales rose 17% on a like-for-like basis to 4.071 billion euros ($4.3...
Philips Shares Slide as Supply Chain Woes, Ventilator Issues Persist
Date: April 25, 2022
AMSTERDAM (Reuters) -Philips shares dropped almost 11% on Monday as the Dutch health technology company expanded a recall of ventilators and flagged multiple risks to its growth outlook for the rest of the year. The supplier of products ranging from large medical systems to toothbrushes and shavers said it still expected sales and profitability to...
Demand for Akzo Nobel Products Outpaces Supply Despite Price Hike
Date: April 21, 2022
By Valentine Baldassari (Reuters) -Dulux paint maker Akzo Nobel offset first-quarter supply chain issues with a “vigorous” 17% price hike yet demand for its products still outpaced supply, it said on Thursday. “Customers have accepted (the increases),” CEO Thierry Vanlancker told Reuters. “For the bigger industrial customers, they understood exactly what was happening. They weren’t...