Peugeot shares slump on profits fall
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Shares in PSA Peugeot Citroen has slumped by 6.12 percent in early trading after the group reported a profits fall in the first half and cut its forecast margin in the second half.
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Oil giant BP sees its latest profits fall 12% after it was hit by lower oil prices and higher safety spending.
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Automaker Volkswagen on Thursday reported a 65 percent drop in net profit from the same period a year ago amid fiercely competitive markets and difficult
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Oil giant BP Plc saw its third-quarter  profits reduced by energy trading losses after its dealers got  on the wrong side of volatile markets.
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European and Asian shares fall on continuing fears of a US recession and slowing corporate profit growth.
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Shares in Unilever fall after the Anglo-Dutch consumer goods giant issued a surprise profits warning.
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British energy giant BP, reeling from fatal safety errors and a boardroom scandal, said Tuesday that third-quarter profits slumped owing to lower output, weak US gas prices and refinery outages.
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Shares of Alcoa Inc. fell sharply Friday after the metals giant warned that labour problems in Quebec and plant closings will weaken third-quarter profits.
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Automaker Volkswagen on Thursday reported a 65 percent drop in third-quarter net profit from the same period a year ago amid fiercely competitive markets and difficult economic conditions such as a strong euro and high oil prices.
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European shares closed lower on Thursday as oil and gas companies weighed down indexes already under pressure from transport stocks such as Air France-KLM.
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Electrolux shares have tumbled after the world&#39;s largest maker of consumer electronics said profit in the second half of 2004 will be less than forecast.
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European shares fell Tuesday after weak German ZEW investor confidence data raised fears economic growth will dwindle and slow consumer buying weighed on the third-quarter results of Philips.
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French carmaker PSA Peugeot -Citroen is cutting 10,000 jobs, or 7 percent of its European workforce, and is imposing a hiring freeze as it tries to cut costs amid a sales slump .
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Shares in car hire group Avis Europe sink 13% after it reports a drop in profits and says the market remains difficult.
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Mounting losses at U.S. arm Chrysler   forced DaimlerChrysler DCXGn.DE to cut its 2006 operating   profit forecast by around 1 billion euros ($1.27 billion) on   Friday, sending its shares skidding lower.
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Concern that surging commodities costs  were hurting profit margins at companies such as Electrolux and  in sectors including cars and technology pushed European shares  to two-week lows by midday Thursday.
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MUNICH, Germany  - An industrial crisis blamed for sweeping job cuts at Europe's Airbus slashed profits at parent EADS by 86 percent in 2006, sending its shares lower on Friday as it ruled out a quick recovery this year.