Super Group Ltd., the best performing stock in the FTSE/JSE Africa All-Share Index this year, forecast fiscal full-year profit growth will match that of the first half as the South African transport company recovers from near collapse five years ago.
Infineon Technologies AG, Europe’s second-biggest chipmaker, gained the most in almost four years after projecting revenue for this quarter that would top analysts’ estimates as demand for its semiconductors recovers.
IG Metall, Germany’s largest manufacturing labor union, widened protests including temporary walkouts into the state of Baden-Wuerttemberg in a push for higher pay raise for workers at industrial companies.
Economic confidence in the euro area decreased more than economists forecast in April as the 17- nation currency bloc struggled to emerge from a recession and the bailout of Cyprus renewed debt-crisis concerns.
Solarworld AG Chief Executive Officer Frank Asbeck is confident Germany’s biggest panel maker will reach a deal on its debt with creditors, while the company is in early talks to buy part of Robert Bosch GmbH’s solar unit.
German business confidence fell for a second month in April after winter weather hindered the recovery in Europe’s largest economy, adding to signs that the European Central Bank may cut interest rates.