Company Results & Outlooks
BERLIN - German sportswear company Adidas expects robust sales growth in 2015 as its golf business improves and consumer confidence recovers, while net profit should rise faster still despite exchange rate hits and higher marketing spending.
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
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.
REUTERS - Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit declined 17 percent as investment gains declined, but operating results improved.
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.
LONDON - Royal Bank of Scotland (RBS) will shrink investment banking operations drastically, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on lending in Britain.
REUTERS - Wal-Mart Stores Inc , long criticized for its low wages and employee benefits, said it would spend more than $1 billion to increase pay for half a million U.S. employees this year.
LONDON - A move into asset management helped to drive a 19 percent rise in operating profit for Standard Life in 2014, offsetting a hit to annuity sales from British pension reforms.
MUMBAI - Tata Motors said on Tuesday it sold 80,499 vehicles in January 2015 on a wholesale basis, unchanged on the same period a year ago.
MUMBAI - India's Oil and Natural Gas Corp's net profit halved in the third quarter, its second successive quarterly profit drop, hurt by the continuing decline in crude prices which impacted the state explorer's sales.
MUMBAI - A new bank announced in the annual budget last week could boost loans and cut borrowing costs for India’s cash-starved small businesses -- tailors, mechanics and phone booth operators who account for around a fifth of the economy.