Deutsche Bank Beats Forecasts
Deutsche Bank reported a sharp rise in second-quarter profit
driven by unexpectedly strong investment banking revenues and lower
overall taxes, but warned challenges remain.
RBS Warns of Long Wait for Dividend
Royal Bank of Scotland warned it wouldn't be paying dividends
until at least 2017, despite a rise in profit, as the once global
bank continued its retreat to the U.K.
Shell Profit Drops, to Cut 6,500 Jobs
Shell reported a sharp fall in second-quarter profit and said it
would cut 6,500 jobs, illustrating the strain sustained low oil
prices are putting on large producers.
Siemens Hit by Weaker Energy Business
German industrial conglomerate Siemens reported a slight decline
in third-quarter net profit on slow growth in its power and gas
division and a weak global economy.
Repsol Profit Down 44% on Falling Oil Prices
Spain's Repsol said its net profit fell 44% in the second
quarter, as strong refining results couldn't offset the effect of
falling crude prices and the one-time gains that boosted its bottom
line in the same quarter a year ago.
China Shares Fall in Late Bout of Volatility
Chinese shares finished lower Thursday, swinging wildly in the
last hour of trading, and extending a pattern of intraday
volatility that started with mid-June's selloff.
Centrica to Shrink Oil Business, Slash Jobs
U.K. utility Centrica said it would shrink its oil and gas
exploration and production business, exit wind ventures, slash
costs and cut thousands of jobs to return the company back to its
core energy supply business.
EDF to Buy Majority Stake in Areva's Reactor Unit
Électricité de France agreed to buy a majority stake in the
nuclear reactor-making unit of Areva as part of a broader plan to
rescue the beleaguered nuclear supplier.
Rolls-Royce CEO Pledges to Speed Turnaround Efforts
Rolls-Royce Chief Executive Warren East is promising to inject a
greater sense of urgency into the British engine maker's turnaround
effort as the company reported a fall in sales and profit.
Renault Shares Plunge Despite Strong Results
French car maker Renault reported an 86% rise in net income as
strong European demand and an increase in sales to its partner auto
makers boosted revenue, but investors punished the company for
failing to do even better.
Lufthansa Profit Rebounds
Lufthansa second-quarter profit rebounded sharply even as the
airline faces troubled labor relations and a compensation dispute
with the families of survivors from the crash of a Germanwings
jetliner.
Diageo's Hurt by Weak North American Sales
Diageo reported lower operating profit for the year as the
world's largest spirits maker was hit by weaker sales in its key
North America business.
AstraZeneca Boosted by Licensing Deals
AstraZeneca reported an increase in second-quarter revenue,
driven by income from licensing deals, though profit continued to
fall as the company plowed heavy investment into new drugs it hopes
will replace its old blockbusters.
Nokia Shares Soar as Profit Beats Forecasts
Nokia reported a better-than-expected second-quarter profit
boosted by significantly higher software sales, which offset
challenging market conditions.
Sanofi Buoyed by Biotech and Lower Costs
Sanofi reported a 68% jump in second-quarter net profit, buoyed
by its biotech business and lower costs.
Santander Boosted by Stronger Lending
Santander reported a near 18% rise in second-quarter net profit
lifted by stronger lending and a continuing fall in charges from
souring loans, particularly in its two big markets of Spain and the
U.K.
Facebook, Google Tighten Grip on Mobile Ads
Facebook's revenue jumped 39%, fresh evidence of its allure to
big brands, as it and Google increasingly take the lion's share of
the fast-growing mobile advertising market.
Twitter Shares Fall After Report Revives User Base Questions
Investors in Twitter drove down the company's share price 15% on
Wednesday after a disappointing quarterly report a day earlier.
Sony Net Profit Surges in First Quarter
Sony's net profit more than triples in April-June on strong
sales in its videogame and smartphone image sensor divisions.
Samsung Profit Falls, as Smartphone Sales Disappoint
Samsung said net profit for the second quarter fell 8% from a
year earlier, as sales of the company's flagship Galaxy S6
smartphone fell short of expectations.
SoftBank Committed to Sprint Turnaround
SoftBank is still committed to turning around Sprint, the
struggling U.S. wireless carrier it bought in 2013, the company's
president said at the Converge tech conference in Hong Kong.
Qihoo 360's Plan to Go Private Will Help Its Business, China Renaissance CEO Says
Chinese Internet security-services firm Qihoo 360 Technology
Co.'s $9 billion plan to go private is being done for the right
reasons, namely to help its business, an investor in the consortium
bidding to take it private said.
India's Snapdeal Targets Profitability Within Three Years
Chief Executive Kunal Bahl said the e-commerce company aims to
be profitable in two to three years as it invests millions in
technology infrastructure.