AstraZeneca beats first-quarter profit estimates, retains 2020 forecast
AstraZeneca on Wednesday beat analysts’ estimates for first-quarter profit and reiterated its outlook for 2020, as demand for the company’s newer medicines remained steady....
Next sales slump after stores shuttered in coronavirus lockdown
British clothing retailer Next said on Wednesday total product sales in its latest quarter crashed 41%, reflecting the closure of all its stores in the...
Asia shares hit seven-week high, oil rallies as economies slowly re-open
Asian shares climbed to a near two-month peak on Wednesday as investors took heart from easing coronavirus lockdowns in some parts of the world, better-than-expected...
StanChart eyes quick recovery as profit falls 12% on coronavirus crisis
Standard Chartered PLC on Wednesday said it expects virus-battered economies to recover later this year, striking an optimistic note after increased credit impairment and provisions...
AirAsia will not take jet deliveries this year, re-looking at Airbus order book
Malaysia’s AirAsia Group Bhd said on Wednesday it did not intend to take any new aircraft deliveries this year due to the sharp fall in...
WPP says COVID-19 dragged March net sales down 7.9%, braces for bigger impact
WPP , the world’s biggest advertising company, said net sales fell 3.3% in the first quarter, with the impact of the COVID-19 pandemic dragging it...
Novartis wins expanded European OK for Cosentyx amid pursuit of $5 billion sales
Novartis on Wednesday won a new European approval for its inflammation drug Cosentyx in a form of arthritis, as the Swiss drugmaker predicts broadening use...
Daimler sees profits at Mercedes-Benz Cars rising in 2020
Daimler said it expected the operating profit of its Mercedes-Benz Cars & Vans division to be above the prior-year level, even as the corona pandemic...
VW says expects to be profitable in 2020 as first-quarter earnings drop
Volkswagen on Wednesday said it expected to be profitable on a full-year basis even as the coronavirus pandemic caused first-quarter earnings to plunge....
Airbus first-quarter core profit plunges 49% as coronavirus crisis starts to bite
Planemaker Airbus on Wednesday posted a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenue dropped 15% to 10.631...