KFC operator Yum’s same-store sales, profit as lockdowns bite

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(Reuters) – Yum Brands Inc (YUM.N) reported a 7% fall in quarterly comparable store sales on Wednesday, as many restaurants across its brands were closed or limited to delivery and take-away due to lockdowns to curb the spread of the novel coronavirus.

FILE PHOTO: A person walks past an empty KFC restaurant in Belfast as the spread of the coronavirus disease (COVID-19) continues. Belfast, Northern Ireland March 20, 2020. REUTERS/Jason Cairnduff/File Photo

The company said it incurred a goodwill impairment charge of $139 million from its purchase of Habit Burger Grill, a burger chain it bought earlier this

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Airbus first-quarter profit plunges as coronavirus crisis starts to bite

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PARIS (Reuters) – Airbus (AIR.PA) on Wednesday posted a 49% slump in first-quarter core profit and called for an industry-wide campaign to restore confidence in flying after the coronavirus pandemic triggered the “gravest crisis the aerospace industry has ever known”.

FILE PHOTO: Branded posters are seen at Airbus’ wing assembly plant at Broughton, near Chester, Britain, June 22, 2018. REUTERS/Phil Noble

Europe’s largest aerospace group also highlighted plans to save cash after gushing 8 billion euros in the first quarter, including a record 3.6-billion-euro fine to settle corruption investigations in Britain, France and the United States.

“All nature

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Airbus first-quarter core profit plunges 49% as coronavirus crisis starts to bite

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FILE PHOTO: Branded posters are seen at Airbus’ wing assembly plant at Broughton, near Chester, Britain, June 22, 2018. REUTERS/Phil Noble

PARIS (Reuters) – Planemaker Airbus (AIR.PA) on Wednesday posted a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenue dropped 15% to 10.631 billion euros amid the “gravest crisis the aerospace industry has ever known”.

Europe’s largest aerospace group also reported a negative cashflow of 8.03 billion euros, including a previously published record fine of 3.6 billion euros to settle bribery and corruption investigations in Britain, France and the United States.

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