siemens

Siemens confident even as big orders fall

German industrial conglomerate Siemens confirmed its full-year forecast Thursday, after a third quarter that saw revenues and profits increase even as large orders fell. The group reported a 7.0-percent increase in net profit to almost 1.5 billion euros ($1.8 billion) in the third quarter of its financial year between April and June, beating analysts’ forecasts […]






AB Foods lifted by Primark sales boost

Shares in Associated British Foods rose 2.6% after the company reported a better-than-expected performance from its Primark clothing chain. AB Foods said third-quarter revenues were up 13% when exchange rate movements were stripped out, and 20% higher at actual exchange rates. The firm said its results were better than forecast because of “stronger profit delivery […]