International Companies
EC revises objections against Apple payment policies
The European Commission raised revised objections with consumer technology giant Apple on Tuesday, over concerns around its App Store rules for music streaming providers.
Target Q4 earnings top expectations
Retail giant Target topped expectations with its fourth-quarter earnings on Tuesday, partly due to improved sales over the all-important holiday trading season.
Bayer reports strong growth, warns of lower 2023 earnings
Bayer reported strong growth across the board in its 2022 results on Tuesday, with group sales increasing 8. 7% to €50. 74bn after adjusting for currency and portfolio effects, although it sounded a warning on earnings for 2023.
Credit Suisse 'seriously breached' supervisory obligations in Greensill dealings
Investment banking giant Credit Suisse was said to have "seriously breached its supervisory obligations" in its dealings with financier Lex Greensill and his companies.
Twitter to axe another 200 jobs - report
Twitter is laying off another 200 workers, it was reported on Monday, the latest round of job cuts to hit the microblogging site since it was acquired by Elon Musk.
Majority of Britishvolt sold to Australia's Recharge
The sale of most of Britishvolt to Australia’s Recharge Industries has completed, it was confirmed on Monday, just over a month after the start-up collapsed into administration.
Pfizer in talks to buy biotech Seagen - report
Pfizer is reportedly in talks to acquire biotech Seagen Inc, which focuses on developing and commercialising monoclonal antibody-based therapies for the treatment of cancer.
Belluscura oxygen concentrator launched on GoodRx platform
Belluscura announced on Friday that its ‘X-PLOR’ portable oxygen concentrator (POC) was now available in the US through GoodRx, making it the first medical device in its field marketed through the digital healthcare platform.
BASF cuts jobs, warns on earnings
BASF is to axe more than 2,000 jobs and shutter plants, the German chemicals giant said on Friday, sending the shares lower.
UK unveils fresh round of sanctions against Russia
The UK government has marked the first anniversary of war in Ukraine by announcing further sanctions against Russia.
Intel cuts dividend, reaffirms Q1 guidance
Intel backed its first-quarter guidance on Wednesday and said it was cutting its dividend by 66% as it looks to preserve cash for investments.
Danone posts strong full-year LFL sales ,but free cash flows slip
Danone posted a sharp rise in full-year sales but its free cash flow generation slipped.
Home Depot Q4 revenues fall short of estimates
Home improvement retailer Home Depot reported quarterly revenues that fell short of analysts' expectations on Tuesday and sounded a somewhat cautious note on future trading amid a difficult consumer backdrop.
Walmart Q4 earnings beat expectations, guidance disappoints
Retail giant Walmart reported better-than-expected fourth-quarter results on Tuesday but still saw shares head south in pre-market trading after issuing some bullish guidance.
Credit Suisse chairman's outflow comments probed - report
Credit Suisse slumped on Tuesday following a report the Swiss financial regulator is reviewing remarks made by the bank’s chairman Axel Lehmann about outflows from the lender having stabilised in early December.
Link Group in talks to sell LFS and settle FCA probe
Link Group is in talks to sell Link Fund Solutions, the Australian firm confirmed on Monday, as it edged closer to settling a probe into the Woodford Equity Income Fund scandal.
Shares in Raiffeisen fall after US authorities probe Russia business
Shares in Raiffeisen Bank International fell on Monday after US sanctions authorities questioned the Austrian lender about its Russian business.
EDF's UK wing returns to profit
French energy outfit EDF's UK division returned to profit in 2022 as it offloaded its electricity at a higher premium throughout the year.
WeWork narrows Q4 loss, says breakeven possible in 2023
WeWork posted a large fourth quarter increase in sales together with a narrower net loss, while holding out the possibility that it might break even in 2023.
BP to buy TravelCenters of America for $1.3bn in cash
BP said on Thursday that it has agreed to buy TravelCenters of America, one of the country’s leading full-service travel centre operators, for $1. 3bn in cash.