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.
ConocoPhillips Cuts Capital Spending Plans
ConocoPhillips unveiled plans to further pare its spending for
the year, as the company swung to a loss in its second quarter amid
tumbling commodity prices.
Time Warner Profit Falls, Despite Strong Subscriber Growth
Time Warner Cable said profit fell 7.2% in its latest quarter,
as higher programming costs and a pension expense offset higher
revenue and subscriber growth.
Cigna Corp. Profit Tops Expectations
Cigna Corp., which last week agreed to sell itself to Anthem
Inc. for $48 billion, logged better-than-expected profit in its
second quarter amid medical cost management and customer
growth.
Stanley Black & Decker Lifts Outlook
Stanley Black & Decker Inc. on Thursday boosted its earnings
outlook for the year, as improving demand for its tools and storage
units helps offset currency impact.
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.
Nokia, Alcatel-Lucent Shares Soar on Profit News
Nokia recorded a net profit for the second quarter, while
Alcatel, which the Finnish company is acquiring, saw its first
quarter of positive free cash flow since 2006.
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.
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 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.
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.
Sony Net Profit Surges
Sony's net profit more than triples in April-June on strong
sales in its videogame and smartphone image sensor divisions.
Samsung Hit by Weak Mobile Unit
Samsung reported a drop in second-quarter profits as the company
struggles in an increasingly crowded smartphone space, with more
price cuts expected.