Company Results & Outlooks

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Accenture raises revenue growth forecast for second time

REUTERS - Consulting and outsourcing company Accenture Plc raised its full-year revenue growth forecast for the second time as it won more business from companies looking to cut costs and improve efficiency in a tough economic environment.

Angry Birds maker bets on animated movie as profit drops

HELSINKI - Finnish mobile games maker Rovio pinned its hopes on Thursday on a costly 3D movie project helping it return to growth, after a 73 percent profit drop gave the latest sign its mainstay Angry Birds brand is losing appeal.

19 Mar 2015

Sony revises Q3 profit upwards in official announcement

TOKYO - Japanese consumer electronics maker Sony Corp said on Tuesday its official third-quarter operating profit was 182 billion yen ($1.5 billion), up 2.2 percent from the estimate it reported last month, boosted by cost cuts and strong sales of sensors and videogames.

Tech, Japan 17 Mar 2015

Cairn bucks trend by increasing oil exploration budget

LONDON - Oil explorer Cairn Energy has bucked the industry trend by announcing an increase to its exploration budget for this year to drill more wells in Senegal where it made some promising discoveries last year.

10 Mar 2015

Carrefour lifts capital spend to cement turnaround

PARIS - Carrefour SA, the world's second-largest retailer, reported higher profits on Thursday as a revival of its European hypermarkets started to pay off and said it would lift capital spending further this year to cement that recovery.

05 Mar 2015

Adidas optimistic for 2015 amid focus on U.S. market

BERLIN - German sportswear company Adidas expects robust sales and profit growth in 2015 as consumer confidence improves around the world and it redoubles its efforts in North America, where it has fallen further behind fierce rival Nike.

05 Mar 2015

StanChart rules out share issue after plunge in profits

LONDON - Standard Chartered has no plans to tap shareholders for cash, it said on Wednesday, despite reporting a 25 percent drop in profits last year on the back of soaring bad loans. | Video

04 Mar 2015

Barclays takes $1.2 billion charge as FX settlement looms

LONDON - Barclays took a 750 million pound ($1.2 billion) charge in the fourth quarter as it prepares to settle allegations its traders manipulated foreign exchange markets, overshadowing the bank's efforts to slash costs and boost profits.

03 Mar 2015

Berkshire Hathaway net falls, operating profit rises

REUTERS - Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit declined 17 percent as investment gains declined, but operating results improved.

28 Feb 2015

Britain's Lloyds to pay first dividend since rescue

LONDON - Lloyds Banking Group is paying its first dividend in more than six years after reporting a rise in profit and improvements in its capital strength, a milestone in the bank's recovery after it was bailed out during the financial crisis.

27 Feb 2015
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Insight - Modi's popularity in rural India punctured by discontent, suicides

VAIDI, India - Over a dozen debt-laden farmers have committed suicide in recent weeks in India, and discontent in many rural areas against government policies is turning into anger against Prime Minister Narendra Modi less than a year after he swept into office.