BREAKING NEWS

Profits

Business

Lufthansa profit forecast boosts shares

Lufthansa says it expects profits to fall only slightly in 2017 despite lower fares and a rising fuel bill. Analysts were predicting a sharp decline.

Lufthansa says it expects profits to fall only slightly in 2017 despite lower fares and a rising fuel bill. Analysts were predicting a sharp decline.

Business

Lower fares shrink Ryanair's profits

Ryanair had to cut its fares more than expected during the last three months of 2016 because of over-capacity, which pulled down profits.

Ryanair had to cut its fares more than expected during the last three months of 2016 because of over-capacity, which pulled down profits.

Business

Weaker pound, pricier fuel to hit easyJet profits

British low-cost airline easyJet warns the weaker pound and pricier fuel will reduce its profits more than expected this year.

British low-cost airline easyJet warns the weaker pound and pricier fuel will reduce its profits more than expected this year.

Business

Note 7 disaster barely dents Samsung's profit

Samsung says its fourth-quarter profit likely leapt 50 percent from a year earlier to its highest level in more than three years.

Samsung says its fourth-quarter profit likely leapt 50 percent from a year earlier to its highest level in more than three years.

Business

Apple profits fall for the first time in 15 years

Apple's annual earnings have dropped for the first time in 15 years as it posted a third successive quarter of declining iPhone sales.

Apple's annual earnings have dropped for the first time in 15 years as it posted a third successive quarter of declining iPhone sales.

Business

Profit warning hits easyJet's shares

British airline easyJet's shares slumped over five percent on Thursday after it warned of a more than 25 percent fall in profit this year.

British airline easyJet's shares slumped over five percent on Thursday after it warned of a more than 25 percent fall in profit this year.

Business

HSBC to buy back shares amid profit slump

HSBC.,Europe's biggest bank, just reported a 29 percent drop in pretax profits for the first half of 2016 and will buy back $2.5 billion worth of shares.

HSBC.,Europe's biggest bank, just reported a 29 percent drop in pretax profits for the first half of 2016 and will buy back $2.5 billion worth of shares.

Business

Samsung Q2 profit better than expected

Samsung has reported better than expected quarterly profit but warned earnings from phones will weaken in the rest of the year.

Samsung has reported better than expected quarterly profit but warned earnings from phones will weaken in the rest of the year.

Business

Volkswagen profits pulled down again by emissions rigging scandal

Volkswagen has suffered a 12 percent drop in quarterly profit at its main passenger car division as it tries to overcome the toxic emissions rigging scandal.

Volkswagen has suffered a 12 percent drop in quarterly profit at its main passenger car division as it tries to overcome the toxic emissions rigging scandal.

Business

No Pokemon profit boost for Nintendo - yet

Despite the popularity of Pokemon GO Nintendo has announced an operating loss for the period from April to June.

Despite the popularity of Pokemon GO Nintendo has announced an operating loss for the period from April to June.

Business

Rosneft's quarterly net profit falls 75 percent

Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.

Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.

Business

Peugeot unveils new plan to maintain profit

French carmaker, Peugeot Citroen, has unveiled its plans to return to consistent sales growth. In what chief executive Carlos Tavares described as a

French carmaker, Peugeot Citroen, has unveiled its plans to return to consistent sales growth. In what chief executive Carlos Tavares described as a

Business

Cheaper fuel helps Air France-KLM return to profit for 2015

Air France-KLM's shares took off on Thursday after the Franco-Dutch airline said it had returned to profit last year helped by lower fuel bills and increased numbers of passengers.

Air France-KLM's shares took off on Thursday after the Franco-Dutch airline said it had returned to profit last year helped by lower fuel bills and increased numbers of passengers.

Business

Renault 2015 profit up despite big hit from Russia car sales slump

Strong sales of new models pushed French carmaker Renault's profit up by nearly 50 percent in 2015, but it slashed the value of its stake in Russia's AvtoVAZ as sales there slumped.

Strong sales of new models pushed French carmaker Renault's profit up by nearly 50 percent in 2015, but it slashed the value of its stake in Russia's AvtoVAZ as sales there slumped.

Business

Toyota in optimistic mood over China and US

Toyota has raised its net profit forecast for the current business year thanks to increased production efficiencies in its Chinese operations and improved sales in North America.

Toyota has raised its net profit forecast for the current business year thanks to increased production efficiencies in its Chinese operations and improved sales in North America.

Business

Tech giant Samsung profits forecast misses expectations

Indications the tech industry could be in for a tough year. That’s one interpretation behind Samsung’s fourth quarter profits forecast. The company

Indications the tech industry could be in for a tough year. That’s one interpretation behind Samsung’s fourth quarter profits forecast. The company

Business

Zara owner Inditex posts 20% profit rise

The owner of the Zara chain and the world’s biggest fashion retailer, Inditex, has posted a 20 percent rise in profits. The Spanish group says in the

The owner of the Zara chain and the world’s biggest fashion retailer, Inditex, has posted a 20 percent rise in profits. The Spanish group says in the

News

US gunmaker Smith & Wesson sees sales and profits soar

The American gunmaker Smith & Wesson has reported in its latest quarterly statement that profits in the three months to October almost tripled

The American gunmaker Smith & Wesson has reported in its latest quarterly statement that profits in the three months to October almost tripled

Business

Ryanair sets sights skywards after profit rise

Things are looking up at Ryanair. The low-cost airline has revised its forecasts after posting a rise in six-monthly profits – up by 37 percent to a

Things are looking up at Ryanair. The low-cost airline has revised its forecasts after posting a rise in six-monthly profits – up by 37 percent to a

Business

HSBC quarterly profits exceed expectations

Europe’s biggest bank HSBC has seen profits jump by a third in the third quarter, to $6.1 billion (5.5 billion euros). The results, which exceeded

Europe’s biggest bank HSBC has seen profits jump by a third in the third quarter, to $6.1 billion (5.5 billion euros). The results, which exceeded

Business

Air France-KLM defends cost cuts despite soaring profits

Air France-KLM has announced a larger-than-expected rise in third-quarter profits – while insisting that there’s still an “overwhelming need” to cut

Air France-KLM has announced a larger-than-expected rise in third-quarter profits – while insisting that there’s still an “overwhelming need” to cut

Business

Maersk downgrades profit outlook citing global trade slowdown

The Danish shipping giant Maersk has downgraded its profit outlook for the year by $600 million (540 million euros) to $3.4 billion (3.0 billion

The Danish shipping giant Maersk has downgraded its profit outlook for the year by $600 million (540 million euros) to $3.4 billion (3.0 billion

Business

Burberry shares plunge on missed sales growth forecasts

Burberry’s shares plunged to a three-year low after the British luxury group warned that it had missed sales growth forecasts because of the slowdown

Burberry’s shares plunged to a three-year low after the British luxury group warned that it had missed sales growth forecasts because of the slowdown