SEOUL, July 20 Reuters Hyundai Motor Co and a union representing its South Korea workforce have sealed a wage deal that will boost annual pay by about 9 just days after the automaker committed to building its first new Korean car plant in nearly 30 years. The union, one of the biggest in South Korea with […]

Government to raise credit line to 8 bln euros document Bailout talks could produce a deal this week sources Uniper shares up 12 FRANKFURT, July 20 Reuters The German government plans to take a 30 stake in Uniper and will allow the utility to pass on some energy costs to customers as part of a bailout […]

BERLIN, July 20 Reuters Car parts supplier Continental reported a drop in sales in the second quarter to 9.4 billion euros 9.62 billion from 9.9 billion last year, with a margin of 4.4, in line with the company39;s earlier warnings of a subdued start to the year. In preliminary results released by Continental on Wednesday, the […]

July 19 Reuters Swiss drugmaker Novartis said earnings at its generic drugs arm Sandoz would likely be flat this year rather than declining, adding that a strategic review over the unit39;s future was progressing as planned. In a statement on Tuesday, Novartis confirmed its group guidance for 2022 core operating income to grow in a midsingle […]

STOCKHOLM, July 19 Reuters Sweden39;s AB Volvo on Tuesday posted a biggerthanexpected rise in profit helped by strong demand for its trucks, but warned of continued supply chain issues. A global shortage of components such as semiconductors and a lack of freight capacity have pressured truck makers after markets began to recover from the pandemicinduced demand […]

July 15 Reuters Netflix Inc39;s streaming service was back up after facing a more than hourandahalf long disruption across all devices, the company said on Friday. There were thousands of reports of an outage from countries including the United States, France and India on Downdetector, which collates status reports from a number of sources. Netflix had […]

2022 revenue growth forecast at 412 Previous guidance was 1525 Maintains margin guidance Shares down 3 LONDON, July 18 Reuters British food delivery company Deliveroo on Monday slashed its fullyear revenue guidance, as consumers trim their spending amid a worsening cost of living crisis. Shares in Deliveroo, which have lost more than three quarters of their […]

BERLIN, July 18 Reuters Volkswagenowned Porsche expects revenue of 38 billion to 39 billion euros 38.63 billion to 39.64 billion in 2022 from 33.1 billion in 2021, the sportscar maker said on Monday, despite registering a 5 drop in deliveries in the first half of the year. Longterm, the brand is targeting 20 or more […]

Q2 core earnings 1.36 billion eur vs 1.34 bln year earlier CEO sees volatility and uncertainty in coming quarters Analyst expects rate hikes to shield profitability HELSINKI, July 18 Reuters Finland39;s Nordea on Monday said a rise in interest income had boosted its secondquarter core earnings, sending its shares more than 2 higher in early […]

ZURICH, July 18 Reuters GAM Holding expects to post a loss for the first half of 2022, the Swiss asset manager said on Monday, citing turbulent global markets and investor caution which reduced its assets under management. The company expects to report an underlying loss before tax of about 15 million Swiss francs 15.4 million compared […]