PSA Peugeot Citroen, Europe’s second- biggest carmaker, said demand for new vehicles in the region has started to stabilize at a “very low level” after deliveries increased in April for the first time in 19 months.
Invensys Plc, which sold its rail business to Siemens AG last year, plans to use as much as 600 million pounds ($913 million) on acquisitions of higher-margin software business, Chief Executive Officer Wayne Edmunds said.
Hochtief AG agreed to sell its airports division to Public Sector Pension Investment Board of Canada as Germany’s largest construction company narrows its focus to building. The stock rose to a 21-month high.
HeidelbergCement AG, the world’s third-largest maker of cement, reported first-quarter profit that missed analysts’ estimates as a harsh winter depressed earnings in a slumping Europe, outweighing the impact of a savings program.
Linde AG, the German company competing with Air Liquide SA to be the world’s biggest industrial gas producer, reported first quarter profit that beat analyst estimates as acquisitions made last year increased revenue.