Newswire

  • Newswire

    VW Q2 profit grows on Europe recovery, cost cuts  

    BERLIN, July 29 (Reuters) - Volkswagen posted a 4.9 percent gain in second-quarter earnings, benefiting from improving auto demand in higher-margin western European markets and cost cuts. Operating profit at Europe's largest carmaker rose to 3.49 billion euros ($3.85 billion), VW said on Wednesday, in line with the average estimate of 3.48 billion euros in a Reuters poll of analysts. "VW is very well positioned in an increasingly difficult market environment," Chief Executive Martin Winterkorn said....More
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    BRIEF-SinterCast Q2 operating profit up at SEK 2.9 million  

    July 29 (Reuters) - SinterCast AB : * Q2 revenue 15.8 million Swedish crowns ($1.84 million) versus 10.9 million crowns year ago * Q2 operating profit 2.9 million crowns versus 0.7 million crowns year ago Source text for Eikon: Further company coverage: ($1 = 8.5704 Swedish crowns) (Gdynia Newsroom)...More
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    Peugeot profit surges, meets recovery goals early  

    PARIS, July 29 (Reuters) - PSA Peugeot Citroen posted positive first-half net income on Wednesday for the first time in four years, meeting most of its recovery goals early while warning that it faced tougher market conditions in the rest of the year. Paris-based Peugeot recorded net income of 571 million euros ($631 million) for January-June, after a 114 million euro loss a year earlier, the company said in a statement. Revenue rose 6.9 percent to 28.9 billion euros....More
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    BRIEF-SHW H1 sales up 13.2 pct to EUR 240.1 mln  

    July 29 (Reuters) - SHW AG : * Says sales and EBITDA remain in target range * H1 sales rose 13.2 percent to 240.1 million euros ($265.48 million) * Group adjusted EBITDA increased from 19.9 million euros to 23.0 million euros in January to June 2015 period * Order intake in first six month of 2015 rose year-on-year by 4.3 pct from 220.4 million euros to 230.0 million euros...More
  • Newswire

    German stocks - Factors to watch on July 29  

    FRANKFURT/BERLIN, July 29 (Reuters) - The following are some of the factors that may move German stocks on Wednesday: BAYER Q2 results due. Adjusted EBITDA is seen up 21 percent at 2.68 billion euros ($2.96 billion). Poll: HEIDELBERGCEMENT...More
  • Newswire

    BRIEF-Wanxiang Qianchao plans to subscribe to Tianjin Santroll Electric Automobile's new shares  

    July 29 (Reuters) - Wanxiang Qianchao Co Ltd * Says plans to invest 110 million yuan ($17.72 million) to subscribe to Tianjin Santroll Electric Automobile Technology Co Ltd's 8.93 million new shares Source text in Chinese: http://bit.ly/1gkWtsR Further company coverage: ($1 = 6.2078 Chinese yuan renminbi) (Reporting By Hong Kong newsrooms)...More
  • Newswire

    Italy - Factors to watch on July 29  

    The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on . POLITICS Rome, Cabinet Undersecreatry Sandro Gozi holds bilateral meeting with British Labourist Party representative Chuka Umunna; followed by news conference (1230 GMT)....More
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    Mitsubishi Heavy, Nichiyu Forklift say in talks about buying UniCarriers  

    TOKYO, July 29 (Reuters) - Mitsubishi Heavy Industries Ltd and Mitsubishi Nichiyu Forklift Co Ltd said on Wednesday they are in talks with the shareholders of UniCarriers Holdings Corp about buying shares in the unlisted Japanese forklift maker. The Nikkan Kogyo newspaper reported earlier that the two firms planned to buy all the shares in UniCarriers for more than 100 billion yen ($810 million), with Mitsubishi Heavy taking a majority stake....More
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    RPT-SPECIAL REPORT-Subaru's secret: Low-paid foreign workers power an export boom  

    (Repeats story that ran on July 28 with no change in text) By Thomas Wilson, Mari Saito and Antoni Slodkowski OTA, Japan, July 28 (Reuters) - Yasuyuki Yoshinaga was in a good mood at the early May earnings briefing in Tokyo. The top executive at the maker of Subaru automobiles joked that he would have to wear a helmet on an upcoming trip to the United States. The reason: Dealers were going to hit him over the head for not supplying them with enough of his cars to sell....More
  • Newswire

    Jeep fuel-tank fire death verdict slashed to $40 million  

    By Jessica Dye NEW YORK, July 28 (Reuters) - A judge in the state of Georgia has reduced a $150 million award to $40 million for the family of a young boy killed when the 1999 Jeep Grand Cherokee in which he was riding was rear-ended and burst into flames, according to orders released on Tuesday....More
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