Headline News
HSBC unveils $3bn buyback as profits rise in CEO Quinn's last results
HSBC on Wednesday said it would start a $3bn share buyback after the Asia-focused bank reported estimate-busting interim profits in its final set of results under chief executive Noel Quinn.
Boeing posts wider-than-expected loss, names new CEO
Boeing reported a wider-than-expected loss for its second quarter on Wednesday, as ongoing challenges in both its commercial and defence divisions led to weaker-than-anticipated financial results.
US private sector employment rises less than expected
Private sector employment in the US rose less than expected in July, according to figures released on Wednesday by ADP.
Airbus profits slump on massive space business writedown
European plane maker Airbus reported a steep fall in second-quarter profit after a massive write down of its space business of almost €1bn.
ASML surges on report US will exempt allies from China chip restrictions
Dutch chip equipment maker ASML surged on Wednesday following a report it will be exempt from new US rules on foreign chip equipment exports.
Shaftesbury Capital reports robust first-half leasing activity
Shaftesbury Capital reported a 1. 6% increase in EPRA net tangible assets per share to 193. 4p in its half-year report on Wednesday, up from 190. 3p at the end of 2023.
Rio Tinto maintains dividend after stable first half
Rio Tinto reported underlying EBITDA of $12. 1bn for its first half on Wednesday, making for a modest 3% increase from the same period in 2023.
Rathbones H1 profits surge after IW&I merger
Rathbones posted a jump in first-half profit and funds under management on Wednesday as it said it was ahead of its objectives following a merger with Investec Wealth & Investment (IW&I).
Design and installation segment weighs on Wickes H1 revenues
Wickes posted a drop in first-half group revenue on Wednesday as it was hit by "challenging" conditions in its design and installation division.
Just Eat H1 core profit rises, €150m share buyback launched
Just Eat backed its guidance for 2024 on Wednesday as it posted a more than 40% increase in first-half core profit and announced a new €150m share buyback programme.
GSK lifts guidance as Q2 sales beat forecasts
UK pharmaceutical company GSK raised annual forecasts after better-than-expected second-quarter results, driven by a strong performance from its cancer and HIV treatments.
Bank of Japan lifts rates to 0.25%
Japan's central bank increased the cost of borrowing for only the second time in 17 years as it tried to tighten monetary policy in the world's fourth-largest economy.