Brexit and subsidy row cloud strong Airbus profits
Airbus urged European governments to step up plans for a “likely” no-deal Brexit and settle a long-running subsidy dispute with the United States to help...
German prosecutors charge ex-Audi boss Stadler over emissions cheating
German prosecutors said on Wednesday they had filed charges against former Audi Chief Executive Rupert Stadler, who is being investigated for his role in Volkswagen’s...
EssilorLuxottica eyes bigger global retail network with $8 billion deal for GrandVision
EssilorLuxottica , the world’s largest eyewear maker, announced on Wednesday it is buying Dutch optical retailer GrandVision in a cash transaction worth up to 7.2...
Oil rises for fifth straight day as market awaits Fed, stockpiles fall
Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories and as investors awaited a widely expected cut...
Aston Martin slumps to half-year loss as European demand drops
Luxury British carmaker Aston Martin slumped to a half-year loss as profits were hit by a nearly 20 percent drop in European demand, the latest...
British hedge fund Man Group first-half AUM rises on market gains, loses cash
British hedge fund manager Man Group on Wednesday reported a 5% increase in assets under management in the first half, boosted by performance in its computer-driven...
St. James’s Place first-half inflows slow, misses on operating profit
British wealth manager St. James’s Place said on Wednesday that weaker client sentiment weighed on inflows of new money in the first half of the...
British hedge fund Man Group posts 5% rise in first-half AUM
British hedge fund manager Man Group on Wednesday reported a 5% increase to its assets under management in the first half of 2019, even as it...
Lloyds Bank profits fall after fresh $669 million PPI charge
Britain’s biggest mortgage lender Lloyds Banking Group posted weaker-than-expected pretax profits on Wednesday, as a further 550 million pound ($668.9 million) provision to meet claims...
Carmaker Aston Martin swings to a half-year loss
Aston Martin swung to a half-year pretax loss of 78.8 million pounds ($95.8 million) as profits were hit by expansion costs, lower average selling prices...