Reuters Beyond Meat beat estimates for secondquarter revenue on Wednesday and raised the lower end of its sales forecast for the year, as it benefited from a string of price increases on its plantbased faux meat burger patties and sausages. The company39;s move to raise prices and cut costs last year also helped boost quarterly margins, […]

FRANKFURT, Aug 8 Reuters German industrial gear maker Siemens posted betterthanexpected earnings growth during the ApriltoJune quarter, buoyed by customers who are upgrading their electricity infrastructure and by demand for production software. For its fiscal third quarter, Siemens on Thursday reported an 11 increase in operating profit before certain items to 3.0 billion euros 3.3 billion, […]

Aug 8 Reuters UK39;s competition regulator on Thursday said its phase 1 review into homebuilder Barratt39;s 2.52 billion pound 3.21 billion allstock deal to buy smaller rival Redrow had raised concerns in the local area around a Barratt development. The Competition and Markets Authority CMA said Barratt and Redrow have till Aug. 15 to offer solutions, which […]

FRANKFURT, Aug 8 Reuters German insurance group Allianz on Thursday posted a better than expected 7.5 rise in secondquarter net profit and said it was on track to meet its fullyear target. Strength at the company39;s property and casualty business balanced out claims resulting from natural catastrophes, it said, adding that thirdparty assets under management rose […]

FRANKFURTDUESSELDORF, Aug 8 Reuters Uniper boosted provisions on Thursday to repay state aid received during Europe39;s energy crisis in the latest sign that reprivatisation of the German energy firm could begin next year. Bailed out by Berlin in 2022, Uniper said it had raised its provisions to 3.4 billion euros 3.7 billion from 2.2 billion after […]

Aug 7 Reuters The summer Olympics is turning out to be a rare win for Nike as the global sporting event has helped boost demand for the sportswear giant39;s new launches and edge out competition, website searches from research firm Similarweb showed. In the opening week of the Olympics, from July 26 to August 1, Nike […]