French group Alstom cuts first-half net loss almost in half
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PARIS : Alstom, which built the Queen Mary 2 cruise liner and TGV high-speed trains and is a leading maker of power generation equipment, said it has slashed losses and pulled in orders only six months after completing rescue refinancing.
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Dutch supermarket group Laurus NV   posted a first-half net loss, warned of a likely full-year loss   and said it was set to breach a bank loan requirement later in   2006, sending its shares down 8 percent on Friday.
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Alstom SA, the French engineering company rescued from near bankruptcy, said it won contracts worth 1.36 billion euros ($1.69 billion) to provide China with trains as well as hydroelectric and nuclear power equipment.
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Struggling Italian carrier Alitalia said it lost euro620 million (US$767 million) in the first half of the year, almost double the airline&#39;s euro315 million (US$360 million) losses for the same period the previous year.
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Daimler posted its first quarterly loss since 2003, with charges of $3.7 billion from the sale of Chrysler, but analysts cheered big gains by its Mercedes-Benz Car Group.
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France's Alstom is unveiling a new high-speed AGV train which should travel at 360km/h (224mph).
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Mitsubishi Motors says its losses in the first half of the fiscal year were one-fifth greater than previously reported after its books were hit by a sell-off of its auto loans.
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Shares in PSA Peugeot Citroen has slumped by 6.12 percent in early trading after the group reported a profits fall in the first half and cut its forecast margin in the second half.
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PARIS: France shed almost half of its 44 per cent stake in Air France-KLM yesterday, kicking off a wider deal that could see its remaining stake cut to below 20pc and give staff shares in return for pay cuts.
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France reduced its stake in Air France-KLM Group, Europe&#39;s biggest airline, by more than half, taking advantage of the carrier&#39;s rising stock to pay off debt.
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PARIS  - China has awarded Alstom more than &#36;1.5 billion Cdn worth of contracts for trains and locomotives, the French engineering giant said Saturday on the first day of a visit there by President Jacques Chirac.
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Vivendi Universal posted a first-half net loss Tuesday that almost doubled to 1.86 billion, as it was hit by currency translation losses linked to its entertainment deal with NBC.
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Lesser-known French retailer turns in a strong first half. Investors, take notice.
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TOKYO UFJ Holdings, Japan&#39;s fourth-largest bank, reported a large net loss of Â¥674.3 billion for the first half of its fiscal year on Wednesday as it scrambled to reduce its bad loans before a takeover by Mitsubishi Tokyo Financial Group.
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BAE Systems Plc, Europe&#39;s largest defense company, said its first-half loss widened as it wrote down goodwill in its avionics and defense-electronics units.
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Japanese supermarket chain Seiyu, controlled by US retail giant Wal-Mart, said it incurred a net loss in the first half to June on the back of slow sales and early retirement costs.
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Swiss International Air Lines reported a narrower loss for 2004 on Wednesday.