DUBAI, Feb 9 Reuters Abu Dhabiheadquartered developer Aldar Properties reported a 39 rise in fourthquarter profit on Friday, supported by higher sales. Net profit rose to 1.4 billion dirhams about 381 million, boosted by a 40 jump in revenue to 4.4 billion dirhams. The profit beat an average analysts39; estimate of 805 million dirhams, according to […]

ZURICH, Feb 9 Reuters Roche is cutting 345 jobs, Swiss website Muula reported, as the drugs company responds to lower profit posted for 2023 and a more cautious outlook for the year ahead. The jobs will go in the product development area, and corresponded to about 6 of the workforce in the area, Muula said. Of the 5,800 […]

STOCKHOLM, Feb 9 Reuters Skanska on Friday reported a 73 fall in fourthquarter operating profit as property value writedowns weighed on the building group39;s performance. The Nordic region39;s biggest builder had already warned in January it would book 2 billion Swedish crowns 191.02 millionworth of impairments in the fourth quarter as well as value changes across its property […]

STOCKHOLM, Feb 9 Reuters Swedish defence equipment maker Saab notched up an 8 increase in fourthquarter operating profit and lifted growth targets as it continues to benefit from increased military spending by many nations since Russia39;s invasion of Ukraine. Profit climbed to 1.42 billion Swedish crowns 135.6 million. The company cited strong performances from its dynamics […]

PARIS, Feb 9 Reuters Shares in L39;Oreal fell 7.5 in early trading on Friday after the French cosmetics company reported fourth quarter sales growth that fell short of market expectations, reflecting a disappointing performance in Asia. L39;Oreal reported a 6.9 rise in fourth quarter sales after the market closed on Thursday, slower growth than in the previous quarter. […]

TOKYO, Feb 9 Reuters Shares in Nissan Motor tumbled 12 on Friday, their biggest decline in more than two decades, after quarterly earnings undershot expectations by a large margin and it cut estimates for car sales due to stiff competition in China. The emergence of fastgrowing, Chinese brands such as BYD that have rolled out affordable electric […]

Maersk posts Q4 profit, 2024 outlook below expectations CEO warns against expecting profit boost from Red Sea crisis Oversupply of vessels to hit earnings in years to come Shares in shipping giant plunge 17 COPENHAGEN, Feb 8 Reuters Maersk warned on Thursday that container shipping overcapacity would hit profits more than expected this year and that […]