Lufthansa Posts EUR1.5B Loss 

Lufthansa reported a second-quarter loss of EUR1.5 billion but said it will gradually ramp up capacity during the last six months of the year to around 55% on short and medium-haul flights and 50% on long-haul.

Siemens Industrial Profit Beats Hopes 

Siemens posted an above-forecast rise in industrial profit to EUR1.79 billion in the third-quarter, but said it expects a moderate decline in comparable revenue for the fiscal year.

Adidas Swings to Loss But Sees Recovery Under Way 

Adidas said it expects revenue to recover as the sports-gear group's stores continue to reopen and digital sales thrive after the coronavirus lockdowns pushed the company into a net loss in the second quarter.

Glencore Scraps Dividend as Profit Tumbles 

Glencore posted a sharp drop in first half underlying earnings to $4.83 billion after it booked significant impairments related to lower prices, and said it won't pay a dividend for 2020.

ING Profit Misses Consensus 

ING reported a lower-than-expected net profit of EUR299 million for the second quarter after the Dutch bank booked a coronavirus-related impairment charge of EUR300 million.

AXA Earnings Drop; Confirms Full-Year Hit 

AXA reported a sharp drop in first half underlying earnings to EUR1.89 billion and confirmed it faces a EUR1.5 billion coronavirus-related hit in 2020.

UniCredit Confirms Outlook as 2Q Tops Estimates 

UniCredit reported a better-than-forecast second quarter net profit of EUR420 million, despite provisions rising by almost a third, and confirmed its guidance for 2021.

Credit Agricole Profit Drops 22% 

Credit Agricole posted a better-than-expected second-quarter net profit of EUR954 million despite provisions for soured loans more than doubling to EUR842 million.

Toyota's Profit Falls 74% as Pandemic Hurts Sales 

Toyota Motor's first-quarter net profit slumped 74% to $1.50 billion, as the coronavirus pandemic hit sales around the world

Facebook, Twitter Take Down Trump Video 

Facebook and Twitter removed a video posted by President Trump in which he said children are "almost immune" from Covid-19, a claim that the companies said ran afoul their rules against harmful misinformation about coronavirus.


(END) Dow Jones Newswires

August 06, 2020 05:15 ET (09:15 GMT)

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