Deutsche Post DHL Group confirmed its earnings target for 2017, saying it expected a strong Christmas period, as it reported a 10.5 percent rise in third-quarter profit on Thursday. The company reported earnings before interest and tax (EBIT) of 834 million euros ($968 million), against analyst expectations for 841 million in a Reuters poll. It […]

Commerzbank swung to a net profit in the third quarter despite weak markets as the German lender focuses on a major overhaul. The 472 million euro ($547.7 million) net profit at Germany’s second-largest lender after Deutsche Bank was broadly in line with analysts’ expectations for a profit of 477 million euros, according to a Reuters […]

Siemens is set to conclude internal preparations to sell its health care unit by the end of March of next year, the chief executive officer told CNBC Thursday. “We have a fascinating health care business,” Joe Kaeser, CEO Siemens told CNBC, “and are going to float the business … because we do believe this is […]

European stocks are expected to open lower Thursday morning, as investors monitored a slew of corporate earnings. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 7 points lower at 7,511, while the German DAX is set to start on a negative note, down 16 points at 13,377, and the French […]

The U.K. might be a capitalist society, but it doesn’t have enough money to support new businesses and real growth, the CEO of Legal and General told CNBC on Wednesday. As the U.K.’s finance minister prepares to deliver a new budget later this month, Nigel Wilson told CNBC: “We have capitalism in the U.K. without […]

The White House has condemned a missile attack by Yemen’s Houthi militias on Saudi Arabia and said Iran “enabled” the attacks which had threatened stability in the Middle East. “Houthi missile attacks against Saudi Arabia, enabled by Iran’s Islamic Revolutionary Guard Corps, threaten regional security and undermine UN efforts to negotiate an end to the […]

Switching on the Christmas lights in London’s world famous Oxford Street is usually a jubilant time for U.K. retailers, but this year the holiday season is full of uncertainty that could roll on into the new year. “Retailers are more paranoid this year than they usually are,” Keith Richardson, head of retail for Lloyds Bank, […]

A year on from Donald Trump’s election to the most powerful office in the world and the global media is appraising the U.S. president and America’s standing. Alongside the column inches in the U.S. devoted to weighing up President Trump’s record in office so far, numerous global media outlets have published features, polls and commentary […]

Britain’s Marks & Spencer on Wednesday reported a 5.3 percent fall in first-half profit, a second straight decline, hurt by sales falls, and said it would speed up the pace of its turnaround plan. M&S, one of the best known names in British retail, said it would accelerate its space rationalisation plan for clothing and […]

British broadcaster Sky has said that it could shut down Sky News if its ownership of the channel proves to be an obstruction to the company’s 11.7 billion-pound ($15.4 billion) takeover by Rupert Murdoch’s Twenty-First Century Fox. Fox’s 10.75 pound-a-share bid to acquire the 61 percent of Sky that it does not already own is […]