Business News
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.
Year: 2020
Business News
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 expectations.
Business News
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 damages over his alleged financial misconduct.
Trading Ideas
Trading Ideas
Oil Rallies Back Above $50 While Russia Ponders OPEC+ Virus Plan
(Bloomberg) — Oil rallied back above $50 a barrel as investors waited to see whether Russia would accept an OPEC+ plan for production cuts to cope with demand destruction from the coronavirus.Moscow is “studying” the proposal, to curb crude output by a further 600,000 barrels a day, Energy Minister Alexander Novak said in a statement that didn’t specify when Russia would make a decision. Meanwhile, an American Petroleum Institute report that showed U.S. crude inventories rose by 6 million barrels last week highlighted the weak global demand outlook.Oil appears to have found a floor around the $50-a-barrel mark as investors …read more […]
Business News
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.
Business News
Nissan seeks $91 million in damages from Ghosn over financial misconduct charges
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 damages over his alleged financial misconduct.
Business News
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 down, the firm said on Wednesday.
Business News
ABN Amro’s fourth-quarter net profit misses on low interest, rising impairments
Dutch bank ABN Amro on Wednesday reported a fourth-quarter net income that missed estimates, hurt by lower interest income and as impairments rose.
Business News
Gucci owner Kering flags China virus uncertainties after strong fourth-quarter
Kering on Wednesday said the coronavirus health scare in China could heighten uncertainties for the luxury goods market, as the Gucci owner posted higher-than-expected sales for the fourth quarter of 2019.
Business News
SoftBank Group quarterly profit wiped out by Vision Fund losses
Japan’s SoftBank Group Corp said on Wednesday its third-quarter operating profit fell 99%, well short of analyst estimates, pulled down by a second consecutive quarter of losses at the $100 billion Vision Fund.
Business News
Heineken expects 2020 operating profit to rise by mid single-digit percentage
Heineken , the world’s second-largest beer maker, said on Wednesday it expects operating profit this year to grow by a mid-single digit percentage after 2019 earnings came in line with expectations.
Business News
SoftBank Group third-quarter operating profit falls 99%, pulled down by Vision Fund
Japan’s SoftBank Group Corp said on Wednesday its third-quarter operating profit fell 99%, well short of analyst estimates, pulled down by losses at the $100 billion Vision Fund.
Business News
Clariant CFO exits as leadership reshuffle at Swiss chemicals maker continues
Clariant Chief Financial Officer Patrick Jany is exiting for a new job at world’s biggest shipping company Maersk , marking the latest management change at the Swiss speciality chemicals maker after its CEO jumped ship last year.
Business News
ABN Amro’s fourth-quarter net profit misses on low interest and rising impairments
Dutch bank ABN Amro on Wednesday reported a stable net income of 316 million euros ($344.8 million) for the fourth quarter, missing analysts’ expectations as interest income fell and impairments rose.