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BMW plans to cut costs after warning on profits

BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency plan to help offset higher technology investment and currency costs.

Price hikes drive General Mills profit beat, forecast raise

Cheerios cereal maker General Mills Inc beat Wall Street estimates for quarterly profit and raised its full-year forecast on Wednesday, aided by price increases across a wide range of products, sending its shares to their highest in a year.

Weak smartphone demand hits IQE's earnings; shares tumble

Britains's IQE Plc missed its own full-year core earnings forecast as weakness in the smartphone market hit demand for semiconductor components, prompting its chief executive to call 2018 "a very difficult and challenging year".

Kingfisher CEO to leave after profits go into reverse

Home improvement retailer Kingfisher is parting company with Chief Executive Véronique Laury after it reported a 13 percent fall in annual profit, more than halfway through a five-year transformation plan that was designed to boost earnings.

UK builder Kier profit falls on higher expenses

British builder Kier Group on Wednesday reported a 14.5 percent slump in first-half underlying earnings on higher expenses, a day after it hired former Carillion CEO-designate to run the company.

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