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FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) expects second-quarter net profits will be more than double analysts’ forecasts in a rare piece of good news for Germany’s largest bank which is cutting costs to try to revive profitability. The stronger performance partly reflects higher revenues and a bigger drop in costs than analysts had been forecasting. It is a positive sign for new chief executive Christian Sewing, who took over in April and has embarked on plans to cut more than 7,000 jobs in an overhaul of the bank.

But analysts and investors said it was too early to judge whether Deutsche was on a sustainable path to recovery, The bank’s unexpected earnings preview on Monday customised cufflinks india said net profit would be around 400 million euros ($468 million) in the quarter, more than double a consensus forecast of 159 million euros but still below 466 million euros reported a year earlier, The bank also halted a steep decline in revenue, which it said was around 6.6 billion euros, ahead of expectations of 6.4 billion, That is flat compare with the same quarter in 2017, when revenue fell 10 percent from a year earlier..

“Management believes that these results demonstrate the resilience of the franchise,” Deutsche Bank said ahead of its full earnings report due on July 25. Deutsche Bank shares were up 7.4 percent at 1100 GMT, paring back earlier gains but still well ahead of a largely flat DAX index .GDAXI. The bank's shares are down 35 percent this year. The bank, trying to bounce back from three consecutive years of losses, has had a run of negative headlines, including an abrupt management reshuffle, a downgrade by Standard & Poor’s and failing the U.S. Federal Reserve’s stress test.

“It’s a bit of a relief that things are not all that bad, but I’m not sure if it’s premature to call this a change in the downward trend,” said Michael Huenseler, head of credit portfolio management at Assenagon in Munich, Deutsche’s preliminary report said its customised cufflinks india key sales and trading revenues were down 15 percent, while revenues at the investment bank benefited from about 100 million euros from an asset sale, Neil Wilson, chief analyst with brokerage Markets.Com, said the share price rise could be a selling opportunity for some..

FARNBOROUGH, England (Reuters) - European aerospace giant Airbus (AIR.PA) on Monday welcomed Britain’s plans to invest heavily in a new fighter jet capability, and said it looked forward to continuing collaborative discussions with other European players. Britain on Monday said it would invest 2 billion pounds ($2.7 billion) to 2025 to develop a fighter jet called Tempest that could be used with pilots or as a drone, and said it was open to partnering with other countries on the project. “Airbus .. is encouraged to see the (UK) government’s financial commitment to the project which supports the goal of sovereign European defence capability,” the company said in a statement. “We look forward to continuing collaborative discussions in this area with all relevant European players.”.

VIENNA (Reuters) - Austrian leisure airline Laudamotion said on Monday it had always paid its bills for planes leased from Lufthansa (LHAG.DE) in full customised cufflinks india and on time, rejecting allegations made by the German rival, The German flagship carrier said on Friday that Laudamotion repeatedly failed to meet its contractually-agreed lease payment obligations and that it plans to end the leasing agreement for 9 Airbus (AIR.PA) A320s, nearly half of Laudamotion’s fleet, “These accusations are unfounded,” Laudamotion managing director Andreas Gruber told journalists in Vienna, “We have paid all our bills on time.”..

Laudamotion was formed by former formula one motor racing champion Niki Lauda out of the remains of the Niki carrier that was part of Air Berlin. It flies a fleet of 9 Airbus (AIR.PA) A320s leased from Lufthansa and 10 Boeing (BA.N) 737 jets from shareholder Ryanair (RYA.I). A first hearing at a court in Britain regarding the lease agreement is scheduled for Friday. Asked about a plan B in case the court decides in favor of Lufthansa, Gruber said: “There is no need for a plan B.”. Laudamotion is examining whether to claim damages from Lufthansa for delayed payment of around 1.5 million euros ($1.8 million) for flights which Laudamotion operated for Lufthansa in March, April and May, Gruber said.

NEW YORK/SAN FRANCISCO (Reuters) - The FANGs have gotten their bite back, and they are helping Wall Street erase the wrenching correction that beset it in February, Facebook, Amazon.com, Netflix and Google’s parent Alphabet have led the technology and consumer discretionary sectors back to record high levels in recent days, Whether they can haul the wider market over that threshold likely hinges on the rush of quarterly scorecards due customised cufflinks india soon from the four of them, starting with Netflix late on Monday..

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