Financial performance

Financial performance

• Burberry's profit hit by perfume deal's demise

  British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, ... 

• Vodafone annual profits up 1.9 percent

  U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations. 

• Ryanair keeps growing, reports record profits

  Ryanair reported record profits Monday as Europe's largest budget airline expanded its route network across the continent and into North Africa. 

• AP Moller-Maersk posts Q1 profit

  Denmark's shipping and oil group A.P. Moller-Maersk says its first quarter earnings ticked up 13 percent to 9.5 billion kroner ($1.6 billion), partly ... 

• Allianz: Low rates to keep earnings under pressure

  Low losses from natural disasters and higher prices in the key markets of Germany, Turkey and Latin America lifted profits at German insurance company ... 

• Intesa bank Q1 profits down 62 percent

  Italian bank Intesa SanPaolo says first-quarter earnings fell 62 percent due to lower interest income and higher loan losses. The bank reported ... 

• Croatia Airlines goes on strike over pay cuts

  Croatia Airlines pilots and flight attendants went on strike Tuesday over planned salary cuts and layoffs that are part of efforts to restructure the ... 

• Economy hurts Deutsche Post DHL freight business

  Mail, express delivery and freight company Deutsche Post DHL saw its profits dip in the first quarter as the weak global economy saw companies ship ... 

• Airbus sales drive Q1 profits at parent company

  European aerospace company EADS said strong deliveries by airplane maker Airbus helped drive higher earnings in the first quarter and laid out the ... 

• Higher prices for MS drug help drug firm Merck

  Higher prices for its multiple sclerosis drug Rebif helped German pharmaceutical and high-tech materials company Merck KGaA post a 54 percent rise in ... 

• Virgin America posts 2012 loss; eyes possible IPO

  Virgin America said it's close to turning around its financial losses and could be ready for an initial public offering as early as next year. 

• IAG, parent of BA, loses 630 million euros in 1Q

  International Airlines Group, which owns British Airways and Iberia, says it is still struggling to integrate the Spanish airline into its operations ... 

• ArcelorMittal affirms 2013 targets despite Q1 loss

  ArcelorMittal SA, the world's largest steelmaker, slumped to a first-quarter loss, even as the company's chief executive said restructuring efforts ... 

• Unicredit 1Q earns drop by half

  Italy's largest bank, Unicredit, reports net profit dropped by half in the first quarter of 2013 due to lower interest and trading income. The bank ... 

• Increased output boosts profit at Spain's Repsol

  Spanish oil and gas company Repsol says its first quarter net profit rose 1.6 percent thanks to increased production and better refining margins. 

• T-Mobile US sells 500,000 iPhones in a month

  T-Mobile US Inc., the last of the major U.S. carriers to start carrying iPhones, is selling them at a brisk pace, it reported Wednesday. T-Mobile US, ... 

• Telefonica Q1 profit up despite Latin America dip

  Spanish telecoms company Telefonica said Wednesday its first-quarter net profit rose 21 percent to 902 million euros ($1.18 billion) despite a fall ... 

• German utility E.ON's profits rise on asset sales

  German utility company E.ON SE says net income rose 25 percent in the first quarter thanks to the sale of several businesses. The company's profits ... 

• ING first quarter earnings rise on asset sales

  Dutch financial company ING Groep NV reported Wednesday that its first-quarter earnings rose as it sold businesses and improved profit margins at its ... 

• Insurer Aegon first quarter profits drop

  Aegon NV, the Dutch insurer that does most of its business in the United States under the Transamerica brand, says first quarter profits fell sharply ... 

• Lower bad loans give HSBC a big Q1 profit boost

  HSBC PLC, Europe's biggest bank by market value, saw its profits more than double in the first quarter as it booked fewer bad loans than in the same ... 

• Commerzbank loses $123M in Q1 due to restructuring

  Germany's Commerzbank said Tuesday it lost 94 million euros ($123 million) in the first quarter after taking heavy charges for future job reductions ... 

• Societe Generale's profits fall on liability loss

  Societe Generale says its net profit fell 50 percent in the first quarter of the year, as it took a 1 billion-euro ($1.3 billion) loss in reevaluating ... 

• Low disaster costs give Munich Re a Q1 profit lift

  Reinsurer Munich Re said Tuesday its first-quarter net profit rose 25 percent as the company saw modest outlays for natural disasters and raised its ... 

• German insurer Allianz sees broad-based Q1 gains

  German insurance company Allianz SE says preliminary figures show a strong increase in first quarter profits as a result of improvement across all of ...