Airbus Group said it would boost production of its popular A320 single-aisle jet as Europe’s largest plane maker reported a 59% rise in profit for last year despite problems with a big military aircraft program.
The world’s largest chemicals company reported a 25% rise in net profit for the fourth quarter, boosted by strong growth in its chemicals businesses. But the company was held back by a sharp earnings decline in its oil and gas business.
It is unusual for a seller of premium wine to throw in discounts on goods such as refrigerators and televisions. For Australia’s Treasury Wine Estates Ltd., however, this marketing strategy appears to be working.