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The European aerospace corporation Airbus Group in the first half of the year reduced its net profit 2.2 times year-on-year to 496 million euros. Its profit before tax and interest payments decreased by 8%. The decrease is explained, among other things, by the acquisition of the Canadian Bombardier business. At the same time, operating profit of Airbus rose to 1 billion 162 million euros compared to the same period last year at 553 million euros. The semi-annual revenue amounted to 24 billion 970 million euros, increased by 1% in annual terms. The net volume of orders for commercial aircraft increased to 206 from 203 a year earlier, helicopters - to 143 from 151.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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