Centrica First Half Adjusted Profit Up 15%, Sees Challenges Ahead
U.K. utility Centrica PLC (CNA.LN) Thursday reported a 15% increase in adjusted operating profit for the first half of 2012 as cold April weather in its home market and higher average commodity prices pushed consumption and profits up, compared with unusually weak results in the first half last
Belgium Foreign Minister: Spain Should Ask For More Help -Report
Spain ought to ask for more help from Europe to deal with its financing problems, Belgium's deputy prime minister and foreign minister, Didier Reynders, said in an interview with Spanish newspaper El Pais published Thursday.
Reed Elsevier 1st Half Net Profit +50%; Sees 2nd Half In Line With Views
Publishing company Reed Elsevier PLC (REL.LN) Thursday posted a 50% rise in first-half net profit, helped by an improved performance in all of its business areas, and said it expects its results in the second half to be in line with its expectations, despite an uncertain macroeconomic environment.
LG Display Swings to 2Q Net Loss on Sluggish Demand, One-Time Penalty
LG Display Co. (034220.SE) said Thursday it swung to a second-quarter net loss as sluggish demand for TV panels in a tough worldwide economy and a hefty penalty that the flat panel maker agreed to pay to settle a U.S. price-fixing case left the company in the red for a fourth consecutive quarter.
Alcatel-Lucent Plans New Cost-Cuts
Alcatel-Lucent SA (ALU.FR) Thursday said it plans 750 million euros ($908 million) in new cost-cuts by the end of 2013, including the elimination of 5,000 jobs, after the telecommunications-equipment maker swung to a loss in the second quarter amid cutthroat competition and a sluggish economic
Roche 1st Half Net Drops; Confirms Outlook
Roche Holding AG (ROG.VX) Thursday reported a drop in first-half profit, mainly due to the closure of a U.S. site even as sales rose on a strong performance from its cancer drugs, and confirmed its full-year guidance.
Siemens Warns On Full Year Guidance
German industrial conglomerate Siemens AG (SI) on Thursday published a fiscal third-quarter order intake sharply below analysts' estimates and said it is becoming more difficult to achieve its full-year profit guidance.
Formosa to Shut No. 2 Naphtha Cracker Aug 15 for 1 Month
Taiwan's Formosa Petrochemical Corp. (6505.TW), Asia's top naphtha buyer, will shut down its No.
ABB CEO Sees Encouraging Signs For Company In China
Industrial robot and power line builder ABB Ltd. (ABBN.VX) sees some signs of recovery in its China business, Chief Executive Joe Hogan said Thursday.
BASF 2Q Sales Beat Expectations; Net Profit Down on Year
BASF SE (BAS.XE), the world's largest chemicals company by sales, on Thursday confirmed its full-year outlook, despite a slump in net profit, after beating analysts' expectations for sales and earnings before interest and taxes in the second quarter due to a strong performance in its Agricultural