Oil prices rise amid early signs of fuel demand picking up
Oil prices jumped on Thursday, buoyed by signs that the U.S. crude glut is not growing as quickly as expected and that fuel demand battered...
SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its...
Britain’s Sainsbury’s warns coronavirus profit impact could be £500 million
British supermarket group Sainsbury’s estimated a profit impact of 500 million pounds ($623 million) from the coronavirus pandemic and said it would defer any dividend...
KLM expects talks on financial aid to take weeks: Telegraaf
KLM, the Dutch subsidiary of airline group Air France-KLM , expects discussions with banks on financial aid will take weeks to conclude, Dutch newspaper De...
BAT sticks to earnings forecast, flags first signs of sales weakness
British American Tobacco said on Thursday it was maintaining its guidance of high single figure earnings per share growth for 2020 while expecting some impact...
Shell slashes dividend for first time since 1940s
Royal Dutch Shell cut its dividend for the first time in 80 years on Wednesday after a sharp drop in profit as global oil demand...
Airbus in talks with French state over possible aid: CEO
European planemaker Airbus is in talks with the French state regarding possible aid for the company, one of many in the transport sector to have...
Reckitt Benckiser posts record sales on disinfectant boom
British consumer goods firm Reckitt Benckiser Plc reported record quarterly sales growth on Thursday as customers stocked up on its Lysol disinfectants, Mucinex cough syrup...
The devil’s in the detail for junk debt investors facing coronavirus defaults
Before the coronavirus, investors hungry for returns piled into risky corporate loans and bonds with precious little protection for creditors. Now they’re frantically scouring the...
Carlsberg first-quarter sales down 7%, expects further decline in second quarter
Carlsberg said on Thursday sales fell 7% in the first quarter with a further decline expected this quarter, as increased beer sales in supermarkets failed...