Lufthansa, union Verdi agree 18month wage deal Agreement favours lowerincome workers Deal averts further walkouts by ground staff FRANKFURT, Aug 5 Reuters Ground staff of Germany39;s Lufthansa and management have reached a pay deal after a third round of negotiations, averting further walkouts during the busy summer travel season, labour union Verdi and the carrier said […]

Q2 profit down worsethanexpected 23 Restructuring follows big litigation costs in U.S. funds debacle Volatile markets result in impairment Confirms profit target for year FRANKFURT, Aug 5 Reuters Allianz spent around 140 million euros 143.11 million on restructuring to wind down a U.S. funds unit at the centre of a multibillion fraud, the German insurer […]

LONDON, Aug 5 Reuters WPP upgraded its annual net sales outlook on Friday thanks to higher client spending, but shares in the world39;s largest advertising group slid nearly 8 as the news failed to excite investors expecting stronger forecasts. The results come as investors and analysts look to gauge how advertising will perform against a backdrop […]

BERLIN, Aug 4 Reuters German logistics company Deutsche Post reported doubledigitgrowth in revenue and earnings on Friday and confirmed its outlook for 2022, as its flourishing freight and express business built on an alreadystrong start to the year. Revenue rose by 23.4 year on year in the second quarter to 24 billion euros 24.55 billion, while […]

DUESSELDORF, Germany, Aug 3 Reuters Vonovia, Germany39;s largest residential landlord, is considering a range of measures to secure access to capital as interest rates rise, including property sales and joint ventures, it said on Wednesday. It has earmarked 13 billion euros 13.2 billion worth of properties for sale and is looking into the possibility of […]

TOKYO, Aug 5 Reuters Japan39;s Suzuki Motor said on Friday it did not see demand for vehicles slowing at home or in its key market of India amid growing concerns about a global economic downturn. The view from Masahiko Nagao, Suzuki39;s senior managing executive officer, echoes the bullish outlook of other Japanese automakers, even though inflation […]