British Airways owner IAG said it expected passenger capacity to grow to 85% of pre-pandemic levels and a return to profitability in 2022 after a collapse in 2021 capacity to just 36% of the 2019 level led to a 2.97 billion euro net loss.
FRANKFURT (Reuters) -BASF on Friday forecast lower 2022 operating earnings due to slower economic growth, with the German chemicals giant's supply chain vulnerable to disruptions.
Europe's largest mobile phone tower operator Cellnex said on Friday it doubled its net loss to 351 million euros ($394.35 million) in 2021 due costs linked to its expansion and job cuts, but achieved its forecast as core earnings grew 63%.
Cellnex said on Friday its net loss more than doubled in 2021 as Europe's largest mobile phone tower operator took on higher costs related to expansions and job cuts.
Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to withstand the onslaught of coordinated sanctions from the West.
French car parts maker Valeo on Friday forecast its core profit margin would come between 11.8% and 12.3% this year, below last year's level, and unveiled a strategic plan for 2021-2025.
German chemicals giant BASF on Friday forecast a decline in 2022 operating earnings as the global business cycle eases and its supply chain remains vulnerable to disruptions.
China receives US equipment to make advanced chips despite new rules - report
China receives US equipment to make advanced chips despite new rules-report
U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
Google's expert in US antitrust trial defends billions paid to device makers
Post-strike Hollywood rushes to get film, TV sets humming
