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Latest News on private equity markets

Ryanair CEO says UK quarantine plan is idiotic, unenforceable

Ryanair CEO Michael O'Leary on Tuesday said Britain's plan to have arriving passengers self-isolate in their accommodation for 14 days upon arrival was "idiotic" and effectively unenforceable.



5 years ago

Saudi Aramco first-quarter net profit slides 25% as oil prices fall

Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, below analyst estimates, hurt by lower crude oil prices as the coronavirus slashed demand.



5 years ago

Logitech sales surge as working from home boosts demand

Logitech International reported a 13.6% rise in quarterly sales on Tuesday as more people used its computer products while working from home due to the coronavirus crisis.



5 years ago

Honda profits shrink to four-year low, coronavirus clouds outlook

Honda Motor Co on Tuesday posted its lowest operating profit in four years and refrained from releasing an earnings outlook for the current year because of uncertainty about the longer-term impact of the coronavirus on global car demand.



5 years ago

Popeyes sticks to China expansion plan in spite of virus

Fried chicken chain Popeyes is forging ahead with the opening of its first outlet in China despite the coronavirus outbreak and plans to set up "a few more" by the end of the year in several Chinese cities, its executives said on Tuesday.



5 years ago

Vodafone keeps dividend as pandemic hits roaming, but boosts data

Vodafone kept its dividend on Tuesday, bucking a corporate trend to cut or scrap payouts due to the coronavirus crisis, as the world's second-biggest mobile operator met expectations with a 2.6% rise in full-year core earnings.



5 years ago

Honda says has enough cash but may issue bonds if new coronavirus waves hit

Honda Motor Co has enough cash on hand, equivalent to almost two months of sales, to weather the downturn caused by the coronavirus pandemic, but may issue bonds to raise funds if there is second or third wave of infections, a senior managing director at the company, Kohei Takeuchi said on Tuesday.



5 years ago

Thyssenkrupp CFO: we don't have a liquidity problem

Thyssenkrupp does not have a liquidity problem due to a 1 billion euro loan from state-owned lender KfW [KFW.UL] and the expected transfer of funds from the sale of its elevator division, its chief financial officer said.



5 years ago

Germany's BaFin conducting multiple investigations into Wirecard: president

Germany's financial watchdog said on Tuesday that it was looking very closely at developments surrounding German payments company Wirecard .



5 years ago

Saudi Aramco first-quarter net profit slides 25% as oil prices tumble

Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion base payout to shareholders for the year.



5 years ago

Thyssenkrupp faces deep quarterly loss due to coronavirus, shares tank

German conglomerate Thyssenkrupp warned on Tuesday that its operating loss could swell to 1 billion euros ($1.1 billion) in the April to June quarter due to the coronavirus crisis.



5 years ago

Stocks rally falters as virus and trade nerves linger

Europe's share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China's economy helped limit worries about a potential second wave of coronavirus infections.



5 years ago

Toyota sees 80% profit drop as virus wipes $14 billion off car sales

Toyota Motor Corp said on Tuesday it expects profit to drop by 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles.



5 years ago

U.S. federal court to consider payout suit brought by RBS whistleblower

The U.S. Second Circuit Appeals Court will on Tuesday consider arguments by an ex-Royal Bank of Scotland employee who is suing the U.S. Justice Department and Securities and Exchange Commission for a bounty he says he is owed under a whistleblower program.



5 years ago

BOC Aviation says lessors may have to take back planes later this year

Aircraft lessors may need to start taking back some planes in the second half of the year, the CEO of BOC Aviation Ltd said, adding that the pandemic-hit aviation market could take until 2023 to fully rebound.



5 years ago