Finnish insurer Sampo's quarterly earnings beat forecasts

Finnish insurer Sampo on Wednesday reported a smaller-than-expected drop in quarterly earnings, boosted by continuous good performance of it's main subsidiary If and gains from selling stake and dividends from Nordea bank.

newspaper

04-05-2022

Ryanair load factor tops 90% for first time since COVID-19 began

Ryanair's load factor - a measure of how well an airline is filling available seats - rose above 90% for the first time since the beginning of the COVID-19 pandemic as traffic rose sharply during the key Easter holiday period.

newspaper

04-05-2022

Britain's Boohoo sees tough year ahead as profit falls 28%

British online fashion retailer Boohoo reported a 28% fall in annual core earnings that reflected significant freight and logistics cost inflation and warned that pandemic-related external factors will continue to impact it this year.

newspaper

04-05-2022

UK watchdog probes audits of Gupta-founded metal companies

Britain's accounting watchdog said on Wednesday it has opened four investigations into audits by King & King of steel and aluminium companies founded by metals tycoon Sanjeev Gupta.

newspaper

04-05-2022

Aston Martin appoints ex-Ferrari boss Amedeo Felisa as CEO

British luxury carmaker Aston Martin Lagonda said on Wednesday Chief Executive Officer Tobias Moers will step down with immediate effect and former Ferrari boss Amedeo Felisa will take the helm.

newspaper

04-05-2022

EDF first-quarter sales jump but core profit outlook capped by outages

French state-owned utility EDF's first-quarter sales jumped 61% to 35.58 billion euros ($37.40 billion) on the back of higher power and gas prices but the firm was cautious about its core profit outlook.

newspaper

04-05-2022

Europe needs more gas from Norway, Equinor CEO says

Europe needs more gas from Norway, and from Equinor, as the continent tries to wean itself from Russian gas, Equinor Chief Executive Anders Opedal said on Wednesday.

newspaper

04-05-2022

Siemens Healthineers raises 2022 outlook on demand for COVID-19 tests

U.S.-German medical device maker Siemens Healthineers raised its 2022 targets on Wednesday due to increased demand for rapid COVID-19 antigen tests, and reported a rise in first-quarter revenue and earnings.

newspaper

04-05-2022

Lyft shares tank 26% on higher cost of getting drivers back on street

(Reuters) -Lyft Inc stock plunged 26% on Tuesday after the ride hail company said it would have to spend more heavily to attract drivers and forecast operating earnings less than a quarter of Wall Street targets, reflecting the added costs.

newspaper

04-05-2022