French energy company Total SA (TOT), which saw its quarterly profit plunge 35%, driven by the collapse in oil prices, is still maintaining its first interim dividend for the year.Total’s net adjusted profit in the first quarter dropped 35% to $1.78 billion year-on-year, beating analysts’ estimates of $1.3 billion. The oil company’s Board of Directors declared an interim dividend stable at 0.66 euros per share, adding that it will be paid in cash exclusively. Shares rose 3.9% to $34.87 in pre-market U.S. trading.“The Group is facing exceptional circumstances: the Covid-19 health crisis, which is affecting the world economy and creating major uncertainties, and the oil market crisis, with the sharp drop in oil prices since March,” said Chairman and CEO Patrick Pouyanné. “In an environment where prices fell by more than 30% on average during the first quarter, the Group’s cash flow decreased by 31% year-on-year to $4.5 billion and return...
Daimler Trucks North America will partner with software developer Platform Science for on-vehicle mobile applications that offer advanced fleet management solutions. ...
German fashion house Hugo Boss expects the impact of the coronavirus pandemic to get worse before it gets better after reporting a 17% fall in first-quarter sales, but added that it was seeing signs of a rebound in China and online. The company reported first-quarter sales of 555 million euros ($605.34 million), ahead of average analyst forecasts for 548 million, while its loss before interest and taxation came in at 14 million, worse than average forecasts for 6 million. Hugo Boss, known for its smart men's suits, said all of its own retail stores and concessions have reopened in China since the end of March and sales in April were only around 15-20% below the previous year....
