Tag Archives: first-quarter

BA owner IAG hails record first-quarter profit

Airline group IAG, which owns British Airways and Iberia, has reported record first-quarter profits. IAG, which also owns Aer Lingus, said underlying operating profits in the quarter rose 10% to 170m euros (£144m). The increase came despite a 2.8% dip in group revenues to 4.9bn euros. IAG added that bookings for its new long-haul low-cost airline called Level,… Read More »

Adidas raises 2016 guidance after first-quarter earnings jump

German sporting goods group Adidas (ADSGn.DE) hiked its guidance for 2016 sales and earnings a second time as it reported a 38 percent jump in quarterly underlying profit, citing strong brand momentum. Adidas said on Wednesday it now expected its 2016 currency-adjusted sales to grow by about 15 percent, compared with a previous forecast for a rise of… Read More »

Barclays first-quarter profit falls 33 percent as investment banking slowdown bites

Barclays (BARC.L) reported a worse than expected 33 percent slump in pretax profits for the first three months of the year, as the lender followed its U.S. peers in reporting falling investment banking revenues in a weak global market environment. Barclays said first quarter pretax profits fell to 793 million pounds ($1.15 billion), just below the average forecast… Read More »