Geely’s Volvo Cars gives notice to 1,300 white-collar staff in Sweden
Volvo Car Group, owned by China’s Geely Holding, said on Wednesday it was giving notice of redundancy to 1,300 white-collar workers in Sweden as the...
Airbus first-quarter profit plunges as coronavirus crisis starts to bite
Airbus on Wednesday posted a 49% slump in first-quarter core profit and called for an industry-wide campaign to restore confidence in flying after the coronavirus...
Lufthansa chief to meet Austrian chancellor to discuss state aid
Austrian Chancellor Sebastian Kurz and Lufthansa boss Carsten Spohr will meet in Vienna on Wednesday to discuss urgently needed state aid for the German carrier’s...
IAG shares fall after warning over slow recovery
Shares in airline group IAG fell 3% after the airline group launched a plan to shrink its main British Airways business, axing staff numbers by...
Fevertree Drinks co-founder to step down as non-executive deputy chairman
Britain’s Fevertree Drinks said on Wednesday co-founder Charles Rolls plans to step down from his role as non-executive deputy chairman at the company’s annual general...
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...