Kuwait Investment Authority plans to trim its stake in luxury automaker Mercedes Benz. Essentra launched a stock repurchase program and declared a special dividend. Nordex won a contract to supply wind turbines in Greece.
European auto registrations rebounded in February after parts shortages eased. The UK-based home improvement reported a slight decline in sales but earnings dropped on lower margins. SThree said net fees in the fiscal first quarter rose, driven by an increase in Germany and the Netherlands.
The German engine maker Deutsz reported a surge in annual revenue and earnings. The British wealth management firm Investec estimated higher operating profit in the current fiscal year. Siemens Energy completed its secondary stock offering.
France-based Casino Guichard plans to sell additional stake held in Brazil-based wholesale club retailer Assai. Volkswagen plans to accelerate its investment in digitalization and electrification of its vehicle portfolio.
Informa agreed to acquire the global event management company Tarsus Group. Germany-based fashion apparel retailer Hugo Boss reported a strong rise in sales and ad earnings in 2022.
Adidas noted that severing its relationship may cost the company more than one billion dollars. The French defense group Thales SA reported higher sales and earnings in 2022. Admiral Group proposed a lower dividend after a falling in earnings in 2022.
The UK-based bakery and fast food chain highlighted inflationary pressures. The equipment rental company Ashtead said annual earnings are ahead of its estimate. The German consumer products company Henkel AG said adjusted annual earnings fell.
The UK-based shipping service provider Clarkson increased its dividend after revenue and earnings rose. James Fisher & Sons agreed to sell its stake in the nuclear decommissioning business. Eni SpA and ADNOC deepen ties for clean energy production.
Lufthansa said passenger travel revenue nearly doubled and cargo yields jumped to record level in 2022. Schaeffler agreed to acquire France-based preventive maintenance solution provider. Pearson Plc forecasted cautious revenue growth on the lapping of virtual learning demand.
Bayer reported a sharp drop in quarterly earnings. Aixtron said quarterly revenue and earnings improved. Adecco signaled signs for hiring slowdown in 2023.
AXA announced a stock repurchase plan for the current year. Essilor Luxottica reported a rise in earnings and increased dividend but reiterated cautious outlook. WPP lifted sales outlook and estimated higher operating margin.
Stellantis, the parent of Fiat Chrysler, announced a stock repurchase program and hiked dividend. Llyods Banking Group announced a new stock repurchase program. Danone reported annual sales surged partly because of higher prices.
HSBC reported bumper profits but lowered outlook for the current year on the macroeconomic headwinds and rising credit losses linked to commercial real estate in mainland China. IHG hiked its dividends and announced a stock repurchase plan.
Commerzbank said annual profit jumped more than three-fold and held out for higher net interest income in the current year. Orange SA reported higher net income despite headwinds in Romania.
MTU Aero Engines revised lower its 2023 sales outlook on foreign exchange views. Hypermarkets operator Carrefour launched a new stock repurchase plan. Gucci parent Kering said sales rose in key regions worldwide.
