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 […]

July 15 Reuters Walt Disney Co plans to raise the monthly subscription fee for its sports streaming platform ESPN by 3 a month, a 43 hike, the company said on Friday. The price of an ESPN subscription will rise to 9.99 per month starting Aug. 23, while the cost of an annual subscription will go up […]

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 […]

Q2 iron ore shipment up 4.7, production up 3.6 Fullyear iron ore shipment guidance unchanged Warns of labour shortage in Western Australia Expects GudaiDarri to reach full capacity by 2023 July 15 Reuters Rio Tinto on Friday warned that COVID 19related labour shortages in the resourcerich state of Western Australia and rising inflation would impact its […]

BERLIN, July 15 Reuters Volkswagen Group sales fell by around a fifth in the first half of this year from a year earlier, company data showed on Friday, led by a steep drop in Europe, but batteryelectric sales were boosted by growth in China. Total deliveries to customers worldwide were down 22.4 in the second quarter […]

Gross margin falls to 42.1 from 43.4 Core earnings 7.3 bln crowns vs forecast 8.01 bln crowns CEO says to increase prices Shares fall 11 STOCKHOLM, July 14 Reuters Ericsson, the Swedish telecoms equipment firm facing bribery investigations, reported a rise in secondquarter core earnings on Thursday that missed expectations as margins were hit by […]

SEOUL, July 14 Reuters Hyundai Motor Co on Thursday launched its first electric sedan, Ioniq 6, which the South Korean automaker is betting will help it grab a bigger share of the electric vehicle EV market dominated by Tesla Inc . The Ioniq 6 is one of more than 31 electric models that Hyundai Motor Group […]

WILMINGTON, Del., July 12 Reuters Twitter Inc sued Elon Musk on Tuesday for violating his 44 billion deal to buy the social media platform and asked a Delaware court to order the world39;s richest person to complete the merger at the agreed 54.20 per Twitter share. Musk apparently believes that he unlike every other party subject […]