The European Union proposed cutting 55% of the bloc’s emissions by 2030, up from its previous goal of 40%, and said hundreds of billions of euros worth of green bonds should help fund the target. At her first State of the Union speech on Wednesday, European Commission President Ursula von …
Read More »
A man wearing protective face mask walks past a closed Burberry shop in Regent Street in central London’s main high street retail shopping area on May 29, 2020 tolga akmen/Agence France-Presse/Getty Images Burberry Group PLC said Wednesday that comparable sales fell 45% in the first quarter of fiscal 2021, and …
Read More »
Carrefour SA reported Thursday a swing to net profit for 2019 despite booking a slightly lower revenue, and raised its transformation targets due by 2022. The French grocer CA, +1.55% made a net profit of 1.13 billion euros ($ 1.23 billion) for the year compared with a loss of EUR561 …
Read More »
D AFP/Getty Images Danone SA said Wednesday that net profit fell for 2019 and it issued new guidance for 2020. The French food company BN, +0.06% said net profit for the year was 1.93 billion euros ($ 2.09 billion), compared with EUR2.35 billion the year previous. An analyst consensus provided …
Read More »
Pearson PLC said Friday that pretax profit for last year more than halved as revenue declined and the company booked reduced gains on disposals and restructuring charges. Pretax profit for 2019 was 232 million pounds ($ 299.0 million) compared with GBP498 million a year earlier, the London-based education company PSON, …
Read More »
Telefonica SA said Thursday that it swung to a net loss in the fourth quarter of 2019 as the company’s pullout from some Latin American markets and the sale of 10 data centers took their toll. The Spanish telecommunications company TEF, -0.28% TEF, +0.14% posted a net loss for the …
Read More »
Airbus said Thursday that it swung to a loss in 2019 and set new targets for 2020. Airbus AIR, +0.42% said its full-year net loss was 1.36 billion euros ($ 1.48 billion) compared with a net profit of EUR3.05 billion in 2018. The company was hit by EUR3.6 billion in …
Read More »
Akzo Nobel NV said Wednesday that fourth-quarter earnings fell compared with the same time in the prior year, but expects raw-material costs in the first half of 2020 to have a positive effect. Net income for the Dutch paints company AKZA, -0.61% in the quarter ended Dec. 31 was 81 …
Read More »
Ams AG said Tuesday that its revenue and adjusted profit rose year-on-year amid strong growth in its business for 3D sensing and advanced light sensing. The Swiss technology company AMS, +4.00% reported adjusted profit of $ 158.9 million in the fourth quarter compared with $ 1.6 million year-on-year, with …
Read More »