May 5 Reuters Apple39;s stock surged nearly almost 5 on Friday, hitting a ninemonth high and on track for its biggest oneday gain since November after the iPhone maker39;s quarterly results cheered investors worried about a potential recession. The rally in Apple39;s shares buoyed optimism across Wall Street, helping lift the SP 500 and Nasdaq over 1.5 after […]

MADRID, May 5 Reuters Spanish media company Prisa said on Friday its secondlargest shareholder Vivendi, had obtained the Spanish government39;s goahead to raise its stake in the publisher of the El Pais newspaper. The Spanish government has given authorisation for Vivendi to exchange the Prisa convertible bonds it acquired in February into equity, Prisa said in […]

Union is open to PE investment in warship division IG Metall wants to protect jobs, workers39; rights Does not see CEO issue slowing process Thyssenkrupp shares rise after comments FRANKFURTDUESSELDORF, May 5 Reuters Influential labour representatives are open to private equity players taking a stake in Thyssenkrupp39;s warship division Marine Systems TKMS and will set up […]

May 4 Reuters Canadian Natural Resources Ltd narrowly missed analysts39; estimates for firstquarter profit on Thursday, as lower energy prices more than offset a rise in production for the country39;s largest oil and gas producer. Crude oil prices eased 20 yearoveryear during the January to March period, from multiyear highs in the same period last year […]

May 3 Reuters British luxury carmaker Aston Martin Lagonda on Wednesday reported a narrower quarterly pretax loss and maintained its 2023 outlook, benefiting from the strong sales of its sport utility vehicle DBX and higher selling prices. Aston Martin, whose models were favoured by fictional British spy James Bond, had said in March that it expects profitability to […]

BERLIN, May 3 Reuters Luxury carmaker Porsche will raise prices by 48 in Europe and the U.S. in the second half to combat higher costs that weighed on returns in the first quarter, even as profits and revenue jumped by over 25, it said on Wednesday. The company was still seeing issues with the supply of […]

U.S revenue jumps 92, firmly on track for 2023 profit Product improvements helps outperform UK market CEO Newly acquired Italian unit performing exceptionally well DUBLIN, May 2 Reuters Flutter grew its revenue by 29 on a proforma basis in the first quarter, driven by a near doubling in its fast growing U.S. unit and a sharp […]

Sale of U.S. retail division yields 2.95 bln euros Outperforms some peers in securities trading Confirms 2025 outlook PARIS, May 3 Reuters BNP Paribas39;s firstquarter sales beat market expectations as trading business at the eurozone39;s biggest bank outperformed most of its peers, while it started to reap the benefits from rising interest rates. BNP39;s quarterly […]

LONDON, May 3 Reuters Pfizer39;s plan to sell its Haleon stake is not a surprise, the consumer health company39;s finance chief Tobias Hestler told Reuters on Wednesday. Londonlisted Haleon was carved out as an independent company in July and comprises consumer health assets once owned by GSK and Pfizer. Pfizer, which has a 32 stake in the maker […]

COPENHAGEN, May 3 Reuters Denmark39;s Orsted, the world39;s No. 1 offshore wind farm developer, on Wednesday reported firstquarter operating profit in line with expectations, and confirmed its fullyear guidance given earlier in the year. Firstquarter earnings before interest, tax, depreciation and amortisation EBITDA excluding new partnerships fell 12 to 6.91 billion Danish crowns 1.02 billion, […]