International Companies
Bayer shares slump to 12-year low, pulls pin on trial
Shares in German drugs-to-pesticides group Bayer tumbled to a 12-year low on Monday after revealing it had pulled the pin on a large late-stage trial testing a new anti-clotting drug.
Sir Jim Ratcliffe mounting imminent offer Man Utd stake - report
Shares in Manchester United jumped on Wall Street on Friday morning on reports that Sir Jim Ratcliffe could buy a 25% stake in the football club some time next week.
Volvo tanks on Geely stake sale
Volvo Cars tanked on Friday after majority shareholder Zhejiang Geely Holding Group began selling around 100m shares in the car maker in a placing.
Samsung confirms data breach involving UK customer details
Technology giant Samsung Electronics confirmed a data breach on Thursday that led to the unlawful acquisition of the personal contact information of some of its UK customers.
Walmart sales top expectations, outlook less optimistic than hoped
Shares in Walmart were in the red on Thursday after the big-box retail giant provided a less optimistic outlook for 2023 than market consensus despite exceeding profit and sales expectations in the third quarter.
Macy's beats Wall Street expectations in third quarter
American department store chain Macy’s topped Wall Street expectations for its third-quarter results on Thursday, primarily driven by inventory management and improved margins.
Siemens predicts slowdown after record Q4
Shares in Siemens AG surged over 5% in Frankfurt on Thursday after the German tech and industrial conglomerate exceeded analysts' forecasts with a record fourth quarter, with investors shrugging off predictions of a slowdown in the coming 12 months.
Alstom considering capital increase, job cuts; shares slide again
Alstom tumbled on Wednesday as it said it was considering a range of options to accelerate its deleveraging, including asset disposals, a capital increase and job cuts.
TJX profits rise in Q3, but guidance underwhelms
TJX Companies saw shares drop in pre-market trade on Wednesday despite beating forecasts with quarterly profits as the American retail conglomerate disappointed with full-year earnings guidance.
Siemens Energy to review wind unit as group slumps to €4.6bn loss
Siemens Energy is reviewing its troubled wind turbine division, the German company confirmed on Wednesday, as it slumped to a near €5bn annual loss.
Target beats quarterly forecasts, shares jump
Shares in Target Corporation surged on Wednesday, after the big box retailer comfortably beat quarterly profit forecasts.
Roughly 500 jobs to go at Pfizer's Kent site
Around 500 jobs are set to go at pharma giant Pfizer's Kent site.
Richemont flags softer demand, shares fall
Shares in Richemont fell on Friday, after the luxury group posted first-half profits below expectations and flagged weaker customer sentiment.
Apple suffers legal blow in €14.3bn tax dispute with Brussels
A key legal ruling in Apple’s favour should be overturned, a senior legal adviser to the European Union’s highest court has argued, in the latest development in the US tech giant's long-running €14. 3bn tax dispute with Brussels.
SoftBank slides to quarterly loss on WeWork collapse
Softbank Group posted a multi-billion pound loss on Thursday, after the Japanese conglomerate was hit by the collapse of WeWork.
Uber hails strong third quarter, boosts outlook
Uber Technologies swung to a profit in the third quarter, the ride hailing and delivery app confirmed on Tuesday, on the back of strong demand.
Credit Suisse integration pushes UBS into the red
UBS Group posted a quarterly loss on Tuesday, after the cost of integrating Credit Suisse pushed it into the red.
Falling prices, volumes sink Saudi Aramco Q3 profits by 23%
Saudi Aramco saw third-quarter profits sink by almost a quarter due to falling oil prices and lower volumes sold, though the mostly state-owned oil company did still beat analysts’ forecasts.
BioNTech lowers expectations as Covid jab demand wanes
BioNTech revised its full-year revenue projection downwards on Monday, reducing it by around €1bn due to decreased demand for the Covid-19 vaccine it co-developed with Pfizer.
WeWork shares halted for news pending
Shares in office-sharing firm WeWork were suspended on Monday after it tumbled on reports it could file for bankruptcy as early as this week.