By Gwladys Fouche OSLO (Reuters) -Norwegian Air shares rose on Wednesday after reporting an increase in third-quarter net profit boosted by recovery from the pandemic and a pilot strike at rival SAS, but said it would reduce capacity by a quarter during winter. Norwegian, which came close to collapse when the pandemic broke out in …
Norwegian Air Q3 net profit rises, to cut capacity in winter Read More »
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank on Wednesday posted a better-than-expected jump in third-quarter profit as a trading boom at its investment bank offset a nosedive in dealmaking, but executives highlighted risks to the economy in the months to come. Despite its ninth consecutive quarter of profit after years of …
Deutsche Bank reports big jump in profit despite slump in dealmaking Read More »
BERLIN (Reuters) – The German cabinet approved on Wednesday an investment by China’s Cosco for a 24.9% stake in one of logistics firm HHLA’s three terminals in Germany’s largest port in Hamburg. This is less than the initially planned 35% stake that the Chinese shipping giant had aimed for and does not give Cosco any …
Germany allows China’s Cosco to take 24.9% stake in largest port Read More »
LONDON (Reuters) – Britons are turning to energy saving products such as air fryers and slow cookers as they look for ways to combat the cost of living crisis, supermarket group Asda said on Wednesday. Publishing its monthly Asda Income Tracker for September, the group said it had seen a 320% increase in air fryer …
Britons turn to air fryers, slow cookers to cut energy costs, says Asda Read More »
By Philip Blenkinsop BRUSSELS (Reuters) -Heineken NV, the world’s second-largest brewer, has seen signs of slowdown in demand for its beer in some European markets over recent weeks, it said on Wednesday, after its third-quarter sales rose by less than expected. Heineken shares fell by as much as 9.2% in early trading at a seven-month …
Heineken cautious as Europe’s beer drinking starts to slow Read More »
(This Oct. 25 story has been corrected to clarify in paragraph 10 that available cash is 4.2 billion, with another 2 billion trapped in Russia, not included) By Vera Eckert FRANKFURT (Reuters) – Oil and gas producer Wintershall Dea said on Tuesday that its most closely watched measure of earnings more than doubled in the …
Wintershall Dea reports Q3 income jump, seeks looser ties with Russia Read More »
By Victoria Waldersee BERLIN (Reuters) -Mercedes-Benz raised its full-year profit forecast on Wednesday as strong demand for luxury cars and cost savings offset the supply chain bottlenecks that have hampered industry output this year. The German automaker said it now expected group earnings to rise at least 15% this year, compared with a previous forecast …
Mercedes-Benz lifts profit forecast as luxury cars boom Read More »
By Federica Mileo (Reuters) -Sodexo on Wednesday said it expected 2023 revenue and profit margins to hit 2019 levels, as the French catering and food services group rebounds from the pandemic and increases prices to cope with rising food and energy bills. The outlook reflects the relatively swift recovery by the catering industry this year …
Caterer Sodexo sees rebound in 2023 to pre-pandemic levels Read More »
By Richa Naidu LONDON (Reuters) -Reckitt Benckiser, maker of Dettol cleaning products and Durex condoms, on Wednesday reported a decline in sales volumes in the third quarter and warned of pressure on consumers globally. Reckitt and other consumer goods companies, from Procter & Gamble to Nestle, are hiking prices this year, enabling them to partially …
Reckitt flags pressure on consumers as volumes decline Read More »
By Lawrence White and Iain Withers LONDON (Reuters) -Barclays beat forecasts with a small rise in third-quarter profit on Wednesday lifted by a record performance in fixed income trading, but costs and loan charges crept higher in a sign of ongoing challenges. The British bank made a profit before tax of 2 billion pounds ($2.3 …
Barclays beats forecast on trading boom, but bad loan charges rise Read More »
