Lufthansa reports 2023 results as ground workers go on strike Lufthansa 2023 operating profit in line with expectations Lufthansa will try to get as close as possible to 8 profit margin goal in 2024 Shares down more than 1 LONDONFRANKFURT, March 7 Reuters Lufthansa warned on Thursday its operating losses in the first quarter will widen […]

SYDNEY, March 7 Reuters Tesla said on Thursday it is quitting Australia39;s major auto lobby and resigning from its board, accusing the group of misleading consumers over the government39;s proposed fuel efficiency standards and the potential impact on car prices. In a letter addressed to Australia39;s Federal Chamber of Automotive Industries FCAI, Tesla said the country39;s […]

LONDON, March 7 Reuters Two of Russia39;s largest corporate exit deals since Moscow39;s invasion of Ukraine are up for shareholder approval on Thursday, with Russia39;s Google Yandex and major mining assets set to pass to Russian ownership in transactions totalling around 9 billion. Dutchregistered Yandex NV, struck a 475billionrouble 5.27 billion deal to sell its local subsidiary […]

FRANKFURT, March 7 Reuters Deutsche Pfandbriefbank PBB, one of Germany39;s top property financiers, on Thursday posted its lowest annual profit and biggest loss for soured loans since going public, underscoring the severity of a widespread realestate slump. PBB has become a visible sign of weakness in the financial industry stemming from the property crisis in Germany […]

FRANKFURT, March 7 Reuters Merck KGaA forecast a return to modest operating earnings growth this year but only when adjusted for currency headwinds, citing a gradual recovery in demand for specialty materials used to make biotech drugs and semiconductors. In a statement on Thursday, the German group said that 2024 earnings before interest, taxes, depreciation and […]