PARIS, Oct 26 (APP/AFP) – Airbus Group on Wednesday posted a five percent fall in January-September net profit to 1.81 billion euros ($2 billion) as it revealed it intends to deliver more planes than initially forecast this year. Citing stable overall sales of 43 billion euros for the period, the company said it would seek […]
Business News
Airbus Group says 9mth profit slips; raises deliveries target
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Microfinance industry to get over Rs. 40 bln from DFID till 2020
ISLAMABAD, Oct 26 (APP): Microfinance industry in the country is expected to get over Rs. 40 billion from Department for International Development (DFID) till 2020. Country Head DFID, Joana Reid on Wednesday said DFID is supporting Benazir Income Support Programme (BISP) since 2012,committing œ 300 million for this initiative until 2019/20.
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Lloyds bank sets aside #1bn more for mis-selling costs
LONDON, Oct 26 (APP/AFP) – Britain’s state-rescued Lloyds Banking Group on Wednesday said it had set aside a further #1.0 billion ($1.2 billion, 1.1 billion euros) to compensate customers who were mis-sold insurance. The hit contributed towards LBG reporting a sharp drop in third-quarter net profits, to #219 million compared with a year earlier, the […]
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Ericsson bets on continuity with new CEO from Investor
STOCKHOLM, Oct 26, (APP/AFP) – Struggling Swedish telecoms equipment maker Ericsson on Wednesday appointed Borje Ekholm as new CEO, betting on continuity with an executive coming from its board of directors and its main shareholder. Ericsson, which announced it would cut up to 4,000 jobs in Sweden earlier this month, was seeking a new head […]
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Bayer boosts forecast after strong third quarter
FRANKFURT, Oct 26, (APP/AFP) – German chemicals and pharmaceuticals giant Bayer on Wednesday said it had slightly increased its forecast for the whole year after boosting sales and profits in the third quarter. Results released by the firm showed it had increased profits by 18.8 percent to 1.2 billion euros ($1.3 billion) between July and […]
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Toyota recalling nearly six million more Takata airbags
TOKYO, Oct 26, (APP/AFP) – Toyota said Wednesday it was recalling another 5.8 million Takata-made airbags in a global safety scandal blamed for a string of deaths and injuries. The world’s biggest vehicle maker said it was calling back 1.47 million airbags installed in cars sold in Europe, 1.16 million units in Japan, 820,000 units […]