Jewelry maker Pandora sees sales decline in 2020
Danish jewelry maker Pandora , which is struggling to revive its brand amid sluggish sales, said on Tuesday it had seen an improvement in the fourth quarter but that it would not return to sales growth this year.
MUFG posts third-quarter net loss due to one-time charge on Indonesian unit, cuts outlook
Mitsubishi UFJ Financial Group Inc (MUFG) , Japan’s largest lender by assets, on Tuesday posted 25.7 billion yen ($236 million) net loss in the third quarter, as its banking unit booked a one-off charge on an Indonesian subsidiary.
France’s Sanofi under investigation in Depakine birth defects case
French healthcare company Sanofi said it had been put under investigation over a legal case relating to Depakine, a medication known to have caused birth malfunctions and slow neurological development after being taken during pregnancy.
Sharp’s third-quarter profit up 38.5%, above estimates
Japan’s Sharp Corp on Tuesday reported a 38.5% increase in third-quarter operating profit thanks to gains at its smart appliance division and cost reduction efforts.
Jewelry maker Pandora sees continued sales decline in 2020
Danish jewelry maker Pandora’s fourth-quarter operating profit on Tuesday beat forecasts despite disappointing sales in China while it said its 2020 organic sales growth is expected to fall by 3%-6%.
Carlsberg sees mid-single-digit operating profit growth in 2020
Danish brewer Carlsberg on Tuesday reported full-year sales broadly in line with expectations, helped by stronger sales in Asia, and said it expects to deliver mid-single-digit organic operating profit growth in 2020.
Hyundai to suspend South Korea production on China virus impact
Hyundai Motor plans to gradually suspend production at its South Korean factories from Tuesday, the first global major automaker to do so outside China, due to supply chain disruptions caused by the coronavirus outbreak.
Japan’s Takeda forecasts surprise full-year operating profit
Takeda Pharmaceutical Co Ltd said it now expects an operating profit for the full year, as opposed to its earlier projection for a loss, due to stronger sales and cost savings from its integration with Shire Plc.
Oil prices rebound from China virus slump amid gingerly recovery across markets
Oil prices rose on Tuesday, matching moves in other financial markets as investors regained calm after Monday’s sharp sell-off on fears of the impact of the China coronavirus on demand for fuel sent crude to its lowest level in more than a year.
Sony raises annual outlook after third-quarter profit beats estimates
Sony Corp on Tuesday raised its annual profit outlook on the back of strong sales of image sensors for smartphones, after the company reported a smaller-than-expected decline in third-quarter profit.
