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Thomson Reuters cuts sales outlook as narrowly misses earnings

Reuters Business News - Tue, 05/05/2020 - 06:26
Thomson Reuters reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday, while cutting its full-year sales outlook due to disruption to the global economy from the coronavirus pandemic.
Categories: Reuters

Uber, Lyft investors want to hear plans to get riders back in cars

Reuters Business News - Tue, 05/05/2020 - 06:25
As U.S. lockdowns and fears of the coronavirus pandemic stretch into a third month, who wants to take an Uber ride?
Categories: Reuters

Thomson Reuters narrowly misses earnings, cuts sales outlook

Reuters Business News - Tue, 05/05/2020 - 06:07
Thomson Reuters Corp reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday and cut is full-year sales outlook, citing unprecedented disruption in the global economy.
Categories: Reuters

Lufthansa not planning to buy rivals weakened by COVID-19 crisis -CEO

Reuters Business News - Tue, 05/05/2020 - 06:01
Lufthansa is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company's virtual annual general meeting on Tuesday.
Categories: Reuters

Futures rise on oil gains, easing of lockdowns

Reuters Business News - Tue, 05/05/2020 - 05:53
U.S. stock index futures rose on Tuesday, building on gains in the previous session, as oil prices jumped and a slew of countries eased coronavirus-led restrictions in an attempt to revive their economies.
Categories: Reuters

Beiersdorf sells more hand cream, less sunscreen

Reuters Business News - Tue, 05/05/2020 - 04:45
Nivea-maker Beiersdorf said on Tuesday its La Prairie premium skincare brand and sun care products have been hit by the drop in international travel due to the coronavirus pandemic while sales of hand wash, hand creams and plasters jumped.
Categories: Reuters

Microsoft to invest $1 billion in Polish cloud project

Reuters Business News - Tue, 05/05/2020 - 04:19
Microsoft will invest $1 billion in Poland as part of a plan that will involve opening a data centre in the country to provide cloud services to businesses and government institutions, the company said in a statement on Tuesday.
Categories: Reuters

Thai Airways rescue plan is its last chance, says PM

Reuters Business News - Tue, 05/05/2020 - 04:17
The government is ready to back a rescue package for Thai Airways International Pcl , but it will entail a full restructuring and there will be no second chances, the prime minister.
Categories: Reuters

Hugo Boss expects 50% sales drop next quarter as crisis impact worsens

Reuters Business News - Tue, 05/05/2020 - 04:14
Hugo Boss is seeing signs of a sales rebound in China and online, but expects the impact of the coronavirus crisis to worsen before any recovery kicks in after first quarter sales fell by 17%, which knocked its shares.
Categories: Reuters

BNP warns of 2020 profit fall as crisis wipes out equity trading

Reuters Business News - Tue, 05/05/2020 - 03:51
BNP Paribas set aside more than half a billion euros in loan provisions on Tuesday as the coronavirus crisis wiped out the French bank's revenue from equity derivatives trading and knocked a third off its first quarter profit.
Categories: Reuters

Italy's CNH Industrial aims for full production by end of May

Reuters Business News - Tue, 05/05/2020 - 03:20
Vehicle and equipment maker CNH Industrial said on Tuesday it planned to return progressively to full operations at most of its facilities around the world by the end of May, in line with the easing of coronavirus lockdowns.
Categories: Reuters

Liechtenstein's LGT Group to be split up in 2021

Reuters Business News - Tue, 05/05/2020 - 03:13
Liechtenstein-based financial group LGT will be split into three separate firms in 2021, all directly held by the Prince of Liechtenstein Foundation, LGT said on Tuesday.
Categories: Reuters

Aer Lingus says reviewing social distancing procedures after packed flight

Reuters Business News - Tue, 05/05/2020 - 02:51
Irish airline Aer Lingus said it was reviewing its social distancing procedures after a flight on Monday was packed with passengers.
Categories: Reuters

Airline SAS agrees credit facility backed by Sweden, Denmark

Reuters Business News - Tue, 05/05/2020 - 02:01
Airline SAS said on Tuesday it had signed a 3.3 billion Swedish crown ($336 million) three-year revolving credit facility agreement, 90% guaranteed by Sweden and Denmark's governments, as it looked to beat a path through the coronavirus crisis.
Categories: Reuters

BNP Paribas says revenue resilient despite equity trading hit

Reuters Business News - Tue, 05/05/2020 - 01:46
BNP Paribas' profit fell by a third in the first quarter, as the coronavirus crisis hit equity trading and prompted the euro zone's biggest bank to set aside more than half a billion euros in loan provisions.
Categories: Reuters

Air France says passengers must wear masks from May 11

Reuters Business News - Tue, 05/05/2020 - 01:45
French carrier Air France is to require all passengers on board its flights to wear masks from May 11 to comply with French government guidelines on COVID-19 protection measures.
Categories: Reuters

Ryanair passengers down by 99.6% in April, Wizz Air down by 97.6%

Reuters Business News - Tue, 05/05/2020 - 01:41
Europe's biggest budget airline Ryanair posted a 99.6% fall in passenger numbers in April, while smaller low cost carrier Wizz Air said numbers plunged 97.6%, as the novel coronavirus halted most flying across Europe.
Categories: Reuters

EssilorLuxottica sales slump on coronavirus hit, worst yet to come

Reuters Business News - Tue, 05/05/2020 - 01:38
Oakley and Ray-Ban maker EssilorLuxottica reported a slump in first-quarter sales on Tuesday and warned of an even bigger hit in the current quarter as the coronavirus outbreak prompted store closures.
Categories: Reuters

Hugo Boss expects virus hit to worsen before recovery

Reuters Business News - Tue, 05/05/2020 - 01:26
German fashion house Hugo Boss expects the impact of the coronavirus pandemic to get worse before it gets better after reporting a 17% fall in first-quarter sales, but added that it was seeing signs of a rebound in China and online.
Categories: Reuters

Asian stocks, oil boosted by moves to loosen lockdowns

Reuters Business News - Tue, 05/05/2020 - 01:25
Asian stocks rose on Tuesday, tracking a late Wall Street rally as governments eased coronavirus lockdowns while oil extended gains on expectations fuel demand would begin to pick up.
Categories: Reuters
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