International Companies
Vodafone rejects revised Iliad offer to merge Italian businesses
Iliad said on Wednesday that Vodafone had rejected its revised offer to merge the two companies’ Italian businesses.
Boeing tops Q4 expectations but offers no 2024 guidance
Troubled aerospace giant Boeing topped market expectations on fourth quarter losses on Wednesday, but declined to offer guidance for 2024 as it grappled with safety issues with its 737 MAX-9 narrowbody.
Cigna to sell Medicare business to HCSC for $3.7bn
The Cigna Group said on Wednesday that it has agreed to sell its Medicare business to Health Care Service Corporation (HCSC) for around $3. 7bn.
Allen Media eyes Paramount Global in potential $30bn deal - reports
Shares in Paramount Global soared on Wednesday, after it emerged Allen Media Group had submitted a multi-billion dollar bid for the US giant.
Obesity treatments cause profits to balloon at Novo Nordisk
Denmark’s Novo Nordisk reported better-than-expected sales and earnings on Wednesday, on the back of surging demand for blockbuster weight-loss treatment Wegovy.
UPS shares drop on weak 2024 guidance, job cuts
UPS shares were falling sharply on Tuesday after the transport and logistics giant missed forecasts with its fourth-quarter results and underwhelmed with guidance for 2024, as well as announcing the removal of 12,000 jobs.
General Motors tops forecasts despite slower EV market
General Motors beat market forecasts with its latest figures on Tuesday, as it reported revenue of $43bn in its fourth quarter, with net income attributable to stockholders of $2. 1bn and adjusted EBIT of $1. 8bn.
Amazon, iRobot abandon merger due to EU opposition
Amazon and Roomba maker iRobot have agreed to terminate their planned merger amid opposition from EU regulators.
Air Astana set to raise $120m by floating in London and Kazakhstan
Air Astana, the flag carrier of Kazakhstan part-owned by BAE Systems that is applying for a dual listing in London and Almaty next month, has set a price for its IPO which is expected raise gross proceeds of $120m.
American Express hails 'record' revenues, shares spark
American Express forecast better-than-expected 2024 earnings on Friday, as its posted record full-year revenues.
Spirit Airlines tanks as JetBlue says merger may need to be terminated
Spirit Airlines tanked on Friday after JetBlue said their merger deal might need to be terminated.
Competition watchdog probes Vodafone-Three merger
The competition regulator has opened a formal investigation into the proposed £15bn merger between Vodafone Group and Three UK, it was confirmed on Friday.
Shares in Remy Cointreau surge on better-than-expected update
Shares in Remy Cointreau jumped on Friday, after the drinks group toasted better-than-expected trading in the third quarter.
Elon Musk’s xAI in talks to raise up to $6bn - report
Elon Musk’s xAI is reportedly in talks to raise up to $6bn, as the Tesla and X chief looks to global investors, including in Hong Kong, to finance his challenge to Microsoft-backed OpenAI.
Resilient demand for luxury goods boosts LVMH
Shares in LVMH sparkled on Friday, after the world’s biggest luxury goods firm posted stronger-than-expected sales and raised the dividend.
Boeing shares tank as FAA halts MAX production expansion
Shares in Boeing dropped on Thursday after the Federal Aviation Administration ordered the aerospace manufacturer to stop a production expansion of its 737 MAX model on the same day US airlines expressed anger at the company's recent quality failings.
Microsoft to lay off 1,900 from its gaming division
Microsoft is set to reduce its workforce in the gaming division by approximately 1,900 employees, it emerged on Thursday, according to an internal company memo reported by CNBC.
Nokia posts slump in Q4 profit, announces €600m buyback
Nokia shares surged on Thursday as it posted a slump in fourth-quarter sales and profit but said there were signs of stabilisation in the market and announced plans for a €600m share buyback programme.
DuPont sinks as Q1 outlook disappoints
DuPont shares sank in pre-market trade on Wednesday after the company’s outlook for the first quarter fell short of analysts’ expectations, as it pointed to destocking and weak demand in China.
Puma shares drop as FX movements hit Q4 sales
Shares in Puma dropped sharply on Wednesday after the German sports apparel group reported a drop in fourth-quarter sales which it put down to a weakening Argentinian peso.