PARIS, July 26 Reuters France39;s EDF saw firsthalf profit jump by fifth as it boosted electricity production, but the stateowned utility warned that declines in market prices would weigh on secondhalf earnings. Although the world39;s largest nuclear power plant operator has grappled with a range of problems at its nuclear plants that have hurt output, […]

July 26 Reuters German truckmaker Traton, majorityowned by Volkswagen, on Friday posted a 7 rise in firsthalf operating profit buoyed by higher prices, even as demand remained lacklustre in Europe. Operating profit rose to 2.1 billion euros 2.3 billion on sales revenue up 2 to 23.4 billion euros, while unit sales fell 5. Traton39;s operating […]

FRANKFURT, July 26 Reuters BASF eked out a 0.6 gain in adjusted secondquarter earnings as slightly higher sales volumes made up for lower chemical prices but confirmed fullyear goals of faster growth as it banks on regaining pricing power. In a statement on Friday, the group said secondquarter earnings before interest, taxes, depreciation and amortisation EBITDA, […]

ZURICH, July 26 Reuters Holcim lowered its fullyear sales guidance on Friday, after a downturn in Europe and North America hit secondquarter sales at the cement and building materials maker. In the first results under new Chief Executive Miljan Gutovic, sales during the second quarter fell 1.6 to 7.23 billion Swiss francs 8.21 billion, missing forecasts […]

ROME, July 26 Reuters Leonardo and France39;s Airbus are discussing ways to strengthen collaborations and industrial synergies, the chief executive of the Italian defence group said on Friday. There are many potential synergies between Airbus and Leonardo in different sectors, Chief Executive Roberto Cingolani told financial daily Il Sole 24 Ore in an interview. Our technical […]

Ford operating profit misses analysts39; expectations Ford maintains fullyear outlook Investors express frustration with Ford39;s progress despite management39;s optimism Reuters  Ford Motor reported a dip in secondquarter adjusted profit on Wednesday as the automaker continues to battle costly quality issues and an EV business that is weighing on its bottom line, sending shares tumbling 11 in […]

BEIJING, July 25 Reuters Apple39;s market share in China shrank by two percentage points in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei HWT.UL, according to data from market research firm Canalys. The decline underscores the difficulties the U.S. tech giant faces in its thirdlargest market. Huawei39;s […]

LONDON, July 25 Reuters Financial technology firm Revolut has received a UK banking licence with some restrictions, it said on Thursday, ending a threeyear wait for the authorisation that will enable it to compete more directly against Britain39;s biggest banks. It is a major victory for Revolut, one of a handful of financial services apps […]

July 25 Reuters Air France KLM faces a hit of about 10 million euros 10.85 million from last week39;s global technology outage, finance chief Steven Zaat said on Thursday. The group is one of the first airlines to disclose a cost linked to the disruption. The expectation is that it will cost us around 10 million […]

July 25 Reuters Unilever beat firsthalf profit expectations on Thursday boosted by resilient pricing even as sales growth disappointed. Shares in the maker of Dove soap and Hellmann39;s condiments rose 6.8 in early trade to the top of London39;s FTSE 100 index. Unilever posted a 3.9 rise in secondquarter underlying sales, below the 4.2 increase expected […]