Spanish power group Endesa sees 2004 profit rise five percent
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Endesa, the biggest Spanish power company, posted a 5.1-percent rise in net profit last year although earnings from domestic electricity business were weak.
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French energy and utility service provider Suez increased first-half net profit by 39.5 percent to a record of 2.2 billion euros (2.8 billion dollars) and said that it was raising its full-year sales target.
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Reuters Group Plc  raised its  annual revenue growth outlook to between 5 percent and 6  percent on a constant currency basis from a previous forecast  of about 5 percent, after it posted a first-half gain of 9  percent.
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Despite winning new support from European regulators, the German power company E.On was forced on Tuesday to raise its offer for the Spanish utility Endesa.
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Utility E.On AG said Friday it raised its offer for Spain's Endesa SA to $53.4 billion as it delivered its final bid in a more than year-long takeover saga.Comment
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The Spanish government has reached an agreement with unions and employers to raise the minimum monthly wage by 4.5 percent to euro512.90 ($699) on Jan.
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Luxury automaker Porsche AG said Friday it expects a 4.5 increase in net profit for the first half of 2005 with brisk sales of its redesigned mainstay 911 sports car.
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A booming construction sector means Spain is growing at its fastest annual rate in five years, figures show.
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David Jones Limited (DJS) said today that it expected a 5% increase in profit after tax in the 2005 financial year after a strong rally in FY04 net profit.
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Edison International EIX.N on  Wednesday raised its earnings forecast for 2004, citing  improved performance at its utility unit Southern California  Edison.
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Most forecasts run 5 to 6 percent above 2005, promising a lift for the US economy.
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Oilfield services company Halliburton Co  said on Monday that quarterly net profit rose 5 percent, helped by growth in its Eastern Hemisphere business and a lower tax rate.
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The European oil giant reported a 1.5 percent increase in profit thanks to proceeds from its sale of its last British refinery and a pipeline in the United States.
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French oil group Total has reported a 5.0-percent rise in adjusted net profit on the back of high oil prices last year to 12.585 billion euros (15.8 billion dollars), a record for any French company.
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The company said profit in the latest quarter rose more than 10 percent on strong sales to mining, energy and construction customers outside the United States.
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Third-quarter profit rose 5 percent, helped by sales growth in its U.S. retail market and Canada, the company said.
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The company reported profit of $5.83 billion for the year as demand for its upscale sedans and SUVs led to a surge in sales.