MILAN - Italian dairy group Parmalat said on Friday its profit rose 172 percent to 221 million euros ($306.35 million) in 2013, and confirmed its sales and earnings guidance for 2014.
- Close-out retailer Big Lots Inc said same-store sales would stop falling in the current fiscal year as its investments to boost sales start paying off.
CALGARY, Alberta - Penn West Petroleum Ltd , a Canadian oil producer in the midst of a restructuring aimed at boosting its flagging shares, said on Friday its fourth-quarter loss widened considerably as it sold producing properties and wrote down the value of other assets.
MILAN - Telecom Italia will not give holders of its ordinary shares a 2013 dividend so that it has more cash for much-needed network investment, it said on Friday, but Italy's largest phone company did manage to hit its debt reduction target.
FRANKFURT - Fraport , the operator of Frankfurt airport, said on Friday it expected net profit to rise slightly in the current year after falling more than 6 percent in 2013, as passenger growth improve.