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Wires

  • MELBOURNE, April 27- London copper drifted on Thursday as markets were underwhelmed by the Trump administration's proposed tax cuts and the focus shifted to concerns over China's manufacturing growth. Both the London Metal Exchange and Shanghai Futures Exchange will be closed on May 1. SHANGHAI: Shanghai Futures Exchange copper traded up 0.1 percent at...

  • LONDON, April 27- WPP, the world's largest advertising group, reported a 0.8 percent rise in first-quarter like-for-like net sales growth, slightly shy of expectations at about 1 percent, citing a weak performance in North America. New business momentum, however, produced $2.1 billion of net new work in the first in the first three months of the year, compared with...

  • PARIS, April 27- Telecom operator Orange's first-quarter revenues were close to unchanged in its biggest market, France, where heavy promotions have hit its sales and margins since the arrival of low-cost Iliad's Free Mobile services in 2012.. The group, whose profit growth has relied on the expansion of its activities in Spain and Poland lately, is aiming to...

  • PARIS, April 27- Telecom operator Orange's first-quarter revenues were close to unchanged in its biggest market, France, where heavy promotions have hit its sales and margins since the arrival of low-cost Iliad's Free Mobile services in 2012.. The group, whose profit growth has relied on the expansion of its activities in Spain and Poland lately, is aiming to...

  • HELSINKI— Suffering from what the CEO described as "a typically seasonally weak quarter," Finland- based networks provider Nokia is reporting a first-quarter net loss of 473 million euros— a slight improvement from a loss of 623 million euros a year ago. Rajeev Suri said that although the results in the period demonstrated an improving business momentum, "some...

  • *Dividend 0.62 euros per share. PARIS, April 27- French oil and gas major Total reported a better-than-expected net profit in the first quarter of the year boosted by the recovery in oil prices compared with the same period a year ago, allowing it to approve its first major project since 2014.. "The strength of the balance sheet and relentless pursuit of cost...

  • PARIS, April 27- The finance director of Airbus on Thursday rebuked Pratt& Whitney for engine problems that have delayed deliveries of its A320neo passenger jet and reserved judgment about how quickly planned fixes would resolve the issue. Harald Wilhelm told reporters the demonstrated performance on the U.S. company's new Geared Turbofan engines was "not...

  • LONDON, April 27- AstraZeneca, struggling with loss of patents on blockbusters like cholesterol pill Crestor, reported another quarter of falling drug sales on Thursday as it awaits pivotal clinical trial data that may revive its fortunes. Despite income from disposals and external deals, first-quarter revenue fell 12 percent to $5.4 billion, although core...

  • April 27- United Airlines Chief Executive Oscar Munoz said less than one passenger was involuntarily denied boarding per 23,000 on an average last year, responding to questions from lawmakers regarding the rough removal of a passenger from one of its flights. The airline uses offers to encourage volunteers to deboard a plane and had 16 volunteers for each...

  • LONDON, April 27- WPP, the world's largest advertising group, reported a 0.8 percent rise in first-quarter like-for-like net sales growth, slightly shy of expectations at around 1 percent, due to a weak performance in North America. WPP said however that it had seen a resumption of net new business momentum in the first three months of the year, winning $2.1 billion...

  • TOKYO, April 27- Asian shares eased from a near two-year high on Thursday as a long-awaited U.S. tax cut plan failed to inspire investors, though sentiment remained supported by global growth prospects and receding worries about political risks in Europe. European shares are expected to slip, with spread-betters looking to a fall of up to 0.5 percent in...

  • PARIS, April 27- French luxury goods group Hermes said on Thursday that sales growth accelerated in the first quarter, driven by demand from Asian customers, providing further evidence of a broader recovery in the luxury goods industry. Hermes, known for its $10,000 Birkin bags and $400 printed silk scarves, joined larger rivals LVMH and Kering- owner of Gucci and...

  • FRANKFURT/ PARIS, April 27- STMicroelectronics, Europe's third largest semiconductor maker, on Thursday posted solid double-digit revenue growth on demand for its phone and industrial sensors that marks a turnaround from six years of sales declines. The results were in line with the average forecast of $1.822 billion analysts expected, according to a...

  • *Q1 operating profit $8.8 bln, highest since Q3 2013. SEOUL, April 27- Samsung Electronics Co Ltd on Thursday flagged stronger earnings and announced a cancellation of treasury shares after posting a solid first-quarter profit boosted by the memory chip business, sending its shares to a new high. First-quarter operating profit for Asia's most valuable company...

  • PARIS, April 27- French oil and gas major Total reported a better-than-expected net profit in the first quarter of the year boosted by a recovery in oil prices, allowing it to approve its first major project since 2014.. Total said adjusted net profit surged 56 percent to $2.6 billion compared with the same quarter in 2016, as Brent crude oil prices rose by an...

  • BERLIN, April 27- The mood among German consumers rebounded more than expected heading into May to reach a three-month high, a survey showed on Thursday, citing confidence that Europe's largest economy is heading in the right direction and a dip in inflation. The government has said political uncertainties linked to Britain's vote to leave the European Union...

  • BERLIN, April 27- The mood among German consumers rebounded more than expected heading into May to reach a three-month high, a survey showed on Thursday, citing confidence that Europe's largest economy is heading in the right direction and a dip in inflation. The government has said political uncertainties linked to Britain's vote to leave the European Union...

  • MOSCOW/ SEVASTOPOL, Crimea, April 27- Russia's $1.3 billion plan to build two new power plants in Crimea aimed to show that Moscow could complete high-tech projects on the annexed peninsula despite Western technology sanctions. But two years after its approval, the plan, which would supply Crimea's residents with power they once got from Ukraine, has been...

  • BERLIN, April 27- The mood among German consumers rebounded more than expected heading into May to reach a three-month high, a survey showed on Thursday, citing confidence that Europe's largest economy is heading in the right direction and a dip in inflation. The government has said political uncertainties linked to Britain's vote to leave the European Union...

  • BERLIN, April 27- The mood among German consumers rebounded more than expected heading into May to reach a three-month high, a survey showed on Thursday, citing confidence that Europe's largest economy is heading in the right direction and a dip in inflation. The government has said political uncertainties linked to Britain's vote to leave the European Union...