Business
Ad group WPP reports 1.6% drop in first-quarter organic growth
LONDON (Reuters) - British ad group WPP reported a 1.6% drop in organic growth in the first quarter, lagging its major rivals, after it was hit by loss of business from a healthcare client and reduced spending by technology companies. WPP, which ...
Hermes Q1 sales jump 17% on growth across regions
PARIS (Reuters) - Birkin bag maker Hermes reported a 17% surge in first quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter and underlining strong demand for high end luxury. Sales for the first three months ending ...
Barclays Q1 profit falls 12%
LONDON (Reuters) - Barclays reported its first quarter profit fell 12% on Thursday, as it showed early signs of the difficulties it will face in delivering on its first strategic revamp in a decade. The British bank reported pretax profit for the ...
Atos says the group will need more cash than expected
(Reuters) - Struggling French IT consulting firm Atos on Thursday said a review of its 2024-2027 business plan would lead to an increased need for cash and potentially additional debt reduction, forcing it to update the parameters of its ...
BNP Paribas profit tops estimates on lower costs and global banking
By Mathieu Rosemain PARIS (Reuters) - BNP Paribas reported a fall in first-quarter profit and revenue on Thursday but beat analyst forecasts, as lower expenses and a strong performance in its corporate banking business offset flat or falling ...
STMicro cuts FY revenue outlook as slowing car demand bites
(Reuters) - European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decline in orders from laptop and phone companies.
Canada's Teck Resources misses first-quarter profit estimates
(Reuters) - Canadian miner Teck Resources missed first-quarter profit estimates on Thursday, partly due to lower steelmaking coal sales volumes. The company reported an adjusted profit of C$0.75 per share, for the quarter ended March 31, ...
Deutsche Bank posts better-than-expected 10% rise in Q1 net profit
FRANKFURT (Reuters) - Deutsche Bank posted on Thursday a better-than-expected 10% rise in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at the investment bank. Net profit attributable to ...
Hyundai Motor's Q1 profit drops 2.4%, beats forecasts
By Heekyong Yang and Ju-min Park SEOUL (Reuters) -South Korea's Hyundai Motor Co reported on Thursday a drop of 2.4% in first-quarter profit, beating analysts forecasts, helped by solid sales of high-margin cars, while a cheaper domestic currency ...
Nestle misses quarterly sales estimates
LONDON (Reuters) - Nestle on Thursday missed first-quarter organic sales growth estimates as the world's biggest packaged food company hiked prices and sold fewer products. The maker of Maggi noodles and KitKat chocolate wafer bars confirmed its ...