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Ferrari delivers solid earnings before new CEO arrival

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Bloomberg Ferrari NV largely met expectations with its last set of earnings before the supercar maker installs a new chief executive from outside the auto industry as it goes through a period of dramatic upheaval. Adjusted earnings before interest, taxes, depreciation and amortisation rose to 386 million euros ($459 million) during the second quarter, Ferrari said, compared with an average ...

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Stocks, futures advance as earnings buoy sentiment

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Bloomberg European stocks climbed on Monday along with US index futures as positive corporate earnings and economic data offset lingering concerns over China’s regulatory crackdown and the spread of the delta virus variant. Carmakers and retailers led the advance in the Stoxx Europe 600 index. Earnings beats from the likes of HSBC Holdings Plc, Axa SA and Heineken NV buoyed ...

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European stocks reach fresh record on earnings updates

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Bloomberg European equities kicked off August with a bang, rising to a new record on earnings updates and easing concern about China’s regulatory crackdown. The Stoxx Europe 600 Index was up 0.6% in London, with cyclicals such as automakers and miners leading a broad advance. Banks also outperformed as HSBC Holdings Plc posted results that beat estimates. Meggitt Plc surged ...

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