Company Results & Outlook

Consulting and outsourcing services provider Accenture Plc raised its full-year sales forecast and beat quarterly revenue estimates on Thursday, as an extended work-from-home period boosted its digital, cloud and security services.

The world's biggest advertising company WPP expects its net sales to return to pre-pandemic levels by 2022, a year earlier than expected, driven by the rapid global corporate switch to e-commerce and digital services.

Hong Kong's Cathay Pacific Airways Ltd expects a "significantly higher" second-half loss than its record first-half loss, driven by low demand, restructuring charges and impairments on its fleet of planes, it said on Wednesday.

Zara owner Inditex said many of its stores were closed or operating with restrictions as a fresh wave of COVID-19 lockdowns hindered the fashion giant's path to recovery.

Anglo American will divest from its South African and Colombian thermal coal operations by mid-2023, the miner said on Friday as it sought to demonstrate to investors its commitment to a shift towards clean energy sources.

Germany's economy will contract less this year than previously projected and its rebound will accelerate once the economy can start to reopen from the second wave of the pandemic next year, the country's central bank said on Friday.

British engineering company Rolls-Royce downgraded this year's cash outflow forecast and warned of a challenging outlook as the slump in air travel continues.

British online supermarket Ocado Group raised its annual earnings forecast for the second time in two months, though sales growth at its retail joint venture with Marks & Spencer has slowed due to capacity constraints.

Germany's HelloFresh aims to grow annual sales nearly three times above its targeted 2020 revenue level in the medium term by offering more products and expanding to new geographies, the meal kit delivery company said on Thursday.