Month: February 2020

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Trading Ideas

Renault Slashes Dividend, Posts First Net Loss in Decade

February 14, 2020 admin Comments Off on Renault Slashes Dividend, Posts First Net Loss in Decade

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Renault SA slashed its annual dividend and posted the first net loss in a decade after sales declined and income from partner Nissan Motor Co. plunged. The shares tumbled.Renault’s 2019 dividend will fall by more than two-thirds to 1.10 euros a share, it said Friday. The French carmaker owns 43% of Nissan, which scrapped its own year-end payout to investors. Renault booked a net loss of 141 million euros for 2019.“We aren’t satisfied with our results,” Acting Chief Executive Officer Clotilde Delbos …read more […]

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Trading Ideas

Wirecard Sticks to 2020 Guidance, Waits for Results of Audit

February 14, 2020 admin Comments Off on Wirecard Sticks to 2020 Guidance, Waits for Results of Audit

(Bloomberg) — Wirecard AG posted full-year revenue that beat the highest analyst estimates, at a time when the German payments processor struggles to move on from reports over alleged questionable accounting methods.In its preliminary results in a statement Friday, the company reported full year revenue of 2.8 billion euros ($3 billion), versus analyst projections of 2.7 billion euros.Wirecard also confirmed its 2020 outlook, which was slightly below analysts’ previous estimates, and posted 2019 earnings before interest, tax, depreciation and amortization of 785 million euros that missed the estimate of 792.3 million euros. The company will publish audited figures on April …read more […]

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Business News

KLM apologizes after airliner crew’s coronavirus toilet note sparks outrage in South Korea

February 14, 2020 admin Comments Off on KLM apologizes after airliner crew’s coronavirus toilet note sparks outrage in South Korea

KLM, the Dutch arm of Air France KLM , offered a public apology on Friday after a crew member sparked online outrage by posting a sign in Korean saying passengers on a recent flight were not allowed to use a toilet because of the new coronavirus.

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