Nissan slashes profit outlook after sales slump, says more restructuring needed
Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn.
Qantas to form new pilot entity if no deal on Sydney-London flights: memo
Australia’s Qantas Airways Ltd told pilots on Thursday that if it could not reach a pay deal soon covering the world’s longest commercial flights from Sydney to London, it would form a lower-cost employment entity, according to an internal memo.
Turkey’s Atlasglobal suspends flight operations: news websites
Turkish airline Atlasglobal has decided to suspend all its operations and told its personnel not to come to work on Thursday, the aviation sector news website AirportHaber and other media reported.
Elevator sale in focus in competitive process: Thyssenkrupp CFO
A sale of Thyssenkrupp’s elevator division is currently in focus, the group’s finance chief said on Thursday, adding an ongoing auction was “very competitive”.
Improving Nestle reins in growth ambitions
Food giant Nestle will hit its 2020 organic growth target later than envisaged, it said on Thursday after posting its highest annual growth in four years and improved profitability.
Barclays chief Staley probed over Epstein ties
Britain’s financial regulators are probing links between Barclays Chief Executive Jes Staley and the U.S. financier Jeffrey Epstein, who killed himself while awaiting trial on sex trafficking charges, after the Financial Times reported on a trove of em…
Google seals takeover of Looker after UK green light
Alphabet Inc-owned Google said on Thursday it has completed its $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences after winning clearance from Britain’s competition watchdog.
Barclays CEO probed over Epstein ties, overshadowing profit gains
Britain’s financial regulators are probing historical links between Barclays Chief Executive Jes Staley and the U.S. financier Jeffrey Epstein, who killed himself while awaiting trial on sex trafficking charges, the bank said on Thursday.
Steel becomes new problem child as Thyssenkrupp posts profit drop
Thyssenkrupp’s steel division swung to a loss in the first quarter, raising doubts over Europe’s second-biggest steelmaker, the conglomerate’s core following its planned sale of its elevator business.
Akzo Nobel targets rival-beating growth
Dutch paints and coatings maker Akzo Nobel aims to outpace its competitors’ revenue growth in the coming years while lifting profitability, it said on Thursday.
