|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||24.42 - 24.76|
|52 Week Range||16.45 - 25.29|
|PE Ratio (TTM)||10.91|
|Earnings Date||Feb 21, 2018 - Feb 26, 2018|
|Forward Dividend & Yield||0.53 (2.17%)|
|1y Target Est||25.68|
Iran urged Europe on Monday to speed up efforts to salvage a 2015 nuclear deal between Tehran and major powers that U.S. President Donald Trump abandoned in May, saying French oil group Total has formally pulled out a major gas project. Efforts by the remaining signatories - EU members Britain, France and Germany plus China and Russia - to avoid the agreement's collapse are struggling as Washington has said any firms dealing with Teheran will be barred from doing business in the United States.
U.S. President Donald Trump spoke on Friday with French President Emmanuel Macron and they discussed trade, Iran and the Middle East, the White House said. "Had a very good phone call with @EmmanuelMacron, President of France. Discussed various subjects, in particular Security and Trade," Trump, who is vacationing at his New Jersey golf club, said on Twitter.
(Repeats to fix formatting) * Partners dispute legality of extraterritorial U.S. penalties * China objects to 'long-armed jurisdiction' of Washington * Iran has nothing to worry about - top leader Khamenei * Anger follows Trump tweet, reimposition of Iran sanctions By Ben Blanchard and Michelle Martin BEIJING/BERLIN, Aug 8 (Reuters) - China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump's warning that any companies trading with the Islamic Republic would be barred from the United States. The comments from Beijing and Berlin signalled growing anger from partners of the United States, which reimposed strict sanctions against Iran on Tuesday, over its threat to penalise businesses from third countries that continue to operate there.
(Combines stories from Beijing, Berlin, other datelines) * Partners dispute legality of extraterritorial U.S. penalties * China objects to 'long-armed jurisdiction' of Washington * Anger follows Trump tweet, reimposition of Iran sanctions By Ben Blanchard and Michelle Martin BEIJING/BERLIN, Aug 8 (Reuters) - China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump's warning that any companies trading with the Islamic Republic would be barred from the United States. The comments from Beijing and Berlin signalled growing anger from partners of the United States, which reimposed strict sanctions against Iran on Tuesday, over its threat to penalise businesses from third countries that continue to operate there.
(Adds Iran foreign minister response, Iraq comment) * Trump says firms dealing with Iran will not do business with U.S. * Tehran rejects talks as long as Washington rejects deal * European allies seek ways to mitigate impact * Oil prices rise on prospect of cuts to world supply By Babak Dehghanpisheh and Peter Graff BEIRUT/LONDON, Aug 7 (Reuters) - Companies doing business with Iran will be barred from the United States, President Donald Trump said on Tuesday, as new U.S. sanctions took effect despite pleas from Washington's allies. Iran dismissed a last-minute offer from the Trump administration for talks, saying it could not negotiate while Washington had reneged on a 2015 deal to lift sanctions in return for curbs on Iran's nuclear programme.
British new car registrations rose by an annual 1.2 percent in July thanks to good weather and attractive sales offers, a car industry body said on Monday. Sales hit 163,898 units last month, with the market down 5.5 percent so far this year, in line with expectations, the Society of Motor Manufacturers and Traders said. Registrations have recorded ups and downs in the first seven months of 2018, impacted by the sharp decline in demand for diesel and uncertainty over the outcome of Brexit talks, the SMMT has said, but in July there was modest growth.
deal, explains The Deal's David Hatch in Washington. PSA's CEO Carlos Tavares immediately overhauled management of the business, installing a new team that was given 100 days to come up with a plan to make the unit profitable by 2021.
General Motors Co. failed to make money out of Opel for years. Now Peugeot SA is showing its U.S. rival how it’s done. Shares in Peugeot jumped 11% Tuesday after the French car maker showed signs it may deliver the first profit at its newly acquired German unit in about two decades.
Strong results from bank UBS, car company PSA and chipmaker AMS propelled European stocks higher on Tuesday, breaking a three-day slide as the earnings season delivered a boost to the market. The pan-European STOXX 600 accelerated gains to touch its highest level in more than a month, ending up 0.9 percent, with heavyweight UBS among the biggest boosts, up 4.3 percent after its second-quarter profit topped expectations. PSA Group jumped nearly 15 percent after the Peugeot owner reported strong profits thanks to a turnaround at its newly acquired Opel-Vauxhall division.
With a looming trade war, regulatory uncertainty and technological upheaval, the traditional autos giants are doomed. Under CEO Carlos Tavares – who last year added General Motors Co.’s Opel unit to the Peugeot stable – the French manufacturer appears to be firing on all cylinders. Thanks to surging sales of sports utility vehicles and diligent cost-cutting, the company’s core Peugeot-Citroen-DS division has achieved an 8.5 percent recurring operating profit margin.
Peugeot maker PSA Group turned its recently acquired Opel-Vauxhall business sharply back into the black while achieving record first-half profitability at its French car brands, sending its shares to a 10-year high on Tuesday. PSA is benefiting from runaway sales of its Peugeot 3008 and 5008 SUVs enhanced by years of cost savings under Chief Executive Carlos Tavares, who pulled the group from near-bankruptcy in 2014. Tavares is now applying the same medicine at Opel, which was acquired from General Motors barely a year ago and last turned a full-year profit in 1999.
PSA Group shares rose to the highest level since July 2011 after the French carmaker reported first-half results that analysts called “immense” and “more than impressive” as a turnaround of the Opel brand started to become visible. The auto sector has been under pressure in recent months, penalized by U.S. President Donald Trump’s threats of a trade war, and is among the worst-performing sectors on the Stoxx Europe 600 index this year. Peugeot is the first European carmaker to report results, and may set a positive tone for companies reporting in coming days, including Fiat Chrysler Automobiles N.V. on Wednesday and Daimler AG on Thursday.
Peugeot maker PSA Group (PEUP.PA) turned its recently acquired Opel-Vauxhall business sharply back into the black while achieving record first-half profitability at its French car brands, sending its shares to a 10-year high on Tuesday. PSA is benefiting from runaway sales of its Peugeot 3008 and 5008 SUVs enhanced by years of cost savings under Chief Executive Carlos Tavares, who pulled the group from near-bankruptcy in 2014. Tavares is now applying the same medicine at Opel, which was acquired from General Motors (GM.N) barely a year ago and last turned a full-year profit in 1999.
SA (UG.FR) said Tuesday that first-half net profit rose as it reported a jump in revenue and managed to further improve the profitability of its core automotive division. Net profit for the year increased to 1.48 billion euros ($1.73 billion), compared with €1.26 billion a year ago, Peugeot said. Analysts had expected net profit of €1.15 billion and revenue of €38.37 billion, according to a consensus forecast provided by FactSet.
PARIS, July 24 (Reuters) - French carmaker PSA Group said first-half earnings rose 18 percent, beating analyst expectations, as it returned the newly acquired Opel-Vauxhall business to profit. Net income ...
The European Investment Bank's global operations would be put at risk if it were to invest in Iran, its president said on Wednesday, casting doubt on the EU's ability to deliver on its pledge to save a nuclear deal with Tehran that Washington has abandoned. An EU plan urging its lending arm to invest in Iran as part of efforts to help keep money flowing to Tehran is proving difficult to implement as businesses fear the reimposition of U.S. sanctions.
The United States has rejected a French request for waivers for its companies operating in Iran that Paris sought after President Donald Trump imposed sanctions on the Islamic Republic, French Finance Minister Bruno Le Maire told Le Figaro. Paris had singled out key areas where it expected either exemptions or extended wind-down periods for French companies, including energy, banking, pharmaceuticals and automotive. French officials had expressed little hope for securing the waivers, which were critical for oil and gas major Total to continue a multi-billion-dollar gas project in Iran and for carmaker PSA Group to pursue its joint venture .
Moody's Investors Service, ("Moody's") has today downgraded Jaguar Land Rover Automotive Plc's (JLR) corporate family rating (CFR) to Ba2 from Ba1 and its probability of default ratings to Ba2-PD from Ba1-PD as well as all senior unsecured instrument ratings to Ba2 from Ba1. The outlook is stable.
AIX-EN-PROVENCE, France/LONDON, July 7 (Reuters) - One of the world's biggest cargo shippers announced on Saturday it was pulling out of Iran for fear of becoming entangled in U.S. sanctions, and President Hassan Rouhani demanded that European countries to do more to offset the U.S. measures. The announcement by France's CMA CGM that it was quitting Iran deals a blow to Tehran's efforts to persuade European countries to keep their companies operating in Iran despite the threat of new American sanctions.