BMW warns of significant profit fall in 2019, seeks 12 bln eur in cuts

BMW on Wednesday said it expected group pretax profit to fall by more than 10 percent in 2019 and announced a sweeping 12 billion euro ($13.6 bln) cost savings and efficiency plan to help offset higher technology investment and currency costs......»»

ING Groep NV on Thursday reported a significant fall in net profit for the fourth quarter of 2019, reflecting increases in risk costs, expenses and effective tax rate......»»

Airline profits are on course to fall faster than expected in 2019 as trade wars hit global commerce and broader confidence, the industry's main global body said on Wednesday, while predicting a modest recovery next year......»»

he company now expects revenue from that business to decline by 8% to 12% in 2019, having previously guided for a fall of up to 5%......»»

American Airlines Group Inc cut its 2019 profit forecast on Friday, saying it expected to take a $350 million hit from the grounding of Boeing's 737 MAX planes, a situation that cuts revenue while many costs remain in place......»»

Shares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglomerate cut its 2019 earnings forecast and said it would lay off 2,000 workers, citing worsening performance in high-growth markets such as China......»»

Facebook Shares Slump After US Users Fall For 2nd Straight Quarter, Warns Of "Significant Uncertainty" Ahead Fac.....»»

BNP Paribas set aside more than half a billion euros in loan provisions on Tuesday as the coronavirus crisis wiped out the French bank's revenue from equity derivatives trading and knocked a third off its first quarter profit......»»

Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid......»»

Dongshan Precision Manufacturing (DSBJ) saw its net .....»»

U.S. pipeline operator Kinder Morgan Inc cut its expectations for full-year adjusted core earnings on Wednesday and reported a 5.3% fall in quarterly adjusted profit following a coronavirus-induced decline in fuel demand and a crash in crude prices......»»

Chinese electric vehicle maker BYD Co Ltd , reported on Tuesday a 42% drop in 2019 profit, saying cuts in government subsidies and emissions rules changes had hit demand in the sector......»»

Morgan Stanley posted a 32% fall in quarterly profit on Thursday as the coronavirus pandemic stalled dealmaking and warned that the crisis would continue to weigh on its operations in the coming months......»»

Saudi Arabia's state oil giant Aramco said on Sunday its 2019 profit fell almost 21% due to lower crude oil prices and a drop in production volumes......»»

BASF SE said Friday that net profit and sales for the fourth quarter fell, and it warned of the negative effects of the coronavirus for the current year......»»

Danone SA said Wednesday that net profit fell for 2019 and it issued new guidance for 2020......»»

Tupperware said its full-year 2019 earnings would fall sharply from the prior year......»»

The Franco-Dutch carrier reported a net profit of 290 million euros ($313.1 million) in 2019 down EUR130 million from with the same period a year earlier......»»

European stocks under pressure a day after Apple warns on its fourth-quarter guidance, owing to fallout from the coronavirus. Chip makers were in the firing line, while HSBC also slid on a profit plunge and potentially 35,000 job cuts......»»

European stocks under pressure a day after Apple warns on its fourth-quarter guidance, owing to fallout from the coronavirus. Chip makers were in the firing line, while HSBC also slid on a profit plunge and potentially 35,000 job cuts......»»