Author Archives: Syndicated Content
Marks & Spencer strengthens liquidity to cope with coronavirus impact
LONDON (Reuters) - British retailer Marks & Spencer said it was planning for a slow return to shopping and had taken steps to shore up its finances for 18 months, including scrapping next year's divid...
Apr 28, 2020
BP's profit tumbles, debt climbs as coronavirus crisis hammers oil demand
By Ron Bousso and Shadia Nasralla LONDON (Reuters) - BP's first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it warne...
Apr 28, 2020
Spirits maker Diageo to raise $2.5 billion from debt offering
(Reuters) - Diageo , the world's largest spirits maker, launched a $2.5 billion bond offering on Tuesday, weeks after suspending its share buyback programme in response to the coronavirus crisis. The ...
Apr 28, 2020
Wirecard says KPMG audit found no suspect accounting
FRANKFURT (Reuters) - German financial services company Wirecard on Tuesday said an independent investigation by auditor KPMG delivered no evidence of suspect balance sheets. Having received the speci...
Apr 28, 2020
German minister eyes gastronomy rescue fund if lockdown very long
BERLIN (Reuters) - Germany is ready to offer further financial aid to companies if necessary due to the coronavirus and a fund for the gastronomy sector may be needed if the lockdown lasts longer than...
Apr 28, 2020
Nissan slashes full-year results forecast, sees operating loss
TOKYO (Reuters) - Nissan Motor Co on Tuesday said it expected to post an operating loss for the year that ended in March, as an ongoing decline in sales is exacerbated by the coronavirus outbreak. In ...
Apr 28, 2020
300,000 coronavirus masks sent to pregnant women in Japan may be faulty: reports
TOKYO (Reuters) - Some 300,000 coronavirus masks sent to pregnant women in Japan as part of a government handout have been found to be faulty, media reports said, the latest in a string of complaints ...
Apr 28, 2020
Angry Birds maker Rovio reports profit rise on lower costs
HELSINKI (Reuters) - Rovio Entertainment , maker of the 10-year-old "Angry Birds" mobile game series, on Tuesday reported a nearly 75% rise in first-quarter profit helped by lower costs. The Finnish c...
Apr 28, 2020
China's April factory activity seen expanding as lockdowns ease: Reuters poll
BEIJING (Reuters) - China's factory activity likely rose for a second straight month in April as more businesses re-opened from strict lockdowns implemented to contain the coronavirus outbreak, which ...
Apr 28, 2020
Airline SAS to cut up to 5,000 jobs due to pandemic
STOCKHOLM (Reuters) - Scandinavian airline SAS said on Tuesday it would reduce its workforce by up to 5,000 full-time positions, due to the COVID-19 pandemic and its impact on air travel. Given the cu...
Apr 28, 2020
