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by Swissquote Analysts
Anheuser-Busch InBev SA reported lower profit for the fourth quarter, blaming higher costs and lost market share in the U.S. to hard seltzer makers. AB InBev - the world’s largest brewer, with brands such as Budweiser, Bud Light and Michelob Ultra - said its profit margins were hit by the...
28.02.2020
Solvay SA's shares fell Wednesday after the company reported its results for the fourth quarter of 2019, saying it expects the coronavirus epidemic to harm its first quarter of 2020. "Solvay already flagged a soft 2020 at the 3Q update but now sees the impact of Covid-19 as an additional...
27.02.2020
Robert Iger stepped aside as chief executive of Walt Disney Co., though he will retain significant power over the company that he expanded into Hollywood's biggest and most powerful entertainment conglomerate over a more than 14-year tenure. Disney named the company's head of parks and resorts,...
26.02.2020
All FAW-Volkswagen Automobile Co. production sites have recommenced operations following closure due to the coronavirus epidemic, the company said. Production for most of the SAIC joint venture has restarted with two sites still preparing to come back online. All Volkswagen Group China and...
25.02.2020
Coca-Cola Co. warned that the coronavirus epidemic in China will clip its first-quarter sales and earnings, but the beverage giant is standing by its full-year 2020 forecasts. The Atlanta company said it currently expects the Covid-19 epidemic will reduce its quarterly per-share earnings by one...
24.02.2020
Allianz SE said Friday that fourth-quarter net profit rose, and increased its dividend for 2019. The German insurer said net profit was 1.86 billion euros ($2.01 billion), up from EUR1.7 billion a year earlier and beating analysts' forecasts of EUR1.68 billion, according to a consensus estimate...
21.02.2020
The Board of Directors of UBS Group AG announced today it has named Ralph Hamers as its new Group Chief Executive Officer and President of the Executive Board of UBS AG, effective 1 November 2020. Hamers currently serves as CEO of ING Group. UBS Group AG Board Chairman Axel A. Weber said, "Ralph...
20.02.2020
Walmart Inc. reported sluggish holidays sales despite continued online gains, adding to a string of disappointments from traditional retailers as they adjust to changing shopping habits. Walmart said U.S. comparable sales, those from stores and digital channels operating for at least 12 months,...
19.02.2020
Apple Inc. became the first major U.S. company to say it won't meet its revenue projections for the current quarter due to the coronavirus outbreak, which it said had limited iPhone production for world-wide sales and curtailed demand for its products in China. The tech giant had last month...
18.02.2020
A jury ruled against Bayer AG and BASF SE in a crop-damage case, awarding $265 million to a Missouri peach farmer who claimed the companies encouraged farmers to irresponsibly spray a hard-to-control weedkiller. Peach farmer Bill Bader sued the pesticide-and-seed makers after he said thousands...
17.02.2020
 
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