International Companies
Weaker margins dampen a strong Q1 for Birkenstock
US-listed shares in Birkenstock dropped in New York on Thursday despite the German sandal maker beating analysts' forecasts with its first fiscal quarter results, as adjusted profits declined on the back of margin pressures.
Ageas mulls £3.1bn bid for Direct Line, shares surge
Shares in Direct Line Insurance Group motored ahead on Wednesday, after Belgium's Ageas confirmed it was considering a possible £3. 1bn bid for its UK rival.
China's Country Garden faces winding-up petition
Chinese developer Country Garden Holdings Company has been hit by a winding-up petition, it was confirmed on Wednesday, in the latest blow to China’s embattled property sector.
Norwegian projects bumper first quarter as cruise demand surges
Norwegian Cruise Line projected a promising first-quarter profit on Tuesday, buoyed by robust demand and increased ticket prices.
Lowe's revenue meets expectations as it warns of DIY slowdown
US home improvement retailer Lowe’s reported fourth-quarter revenue that met analysts' expectations on Tuesday, as it fell 17. 1% year-on-year to $18. 6bn.
Macy's reports mixed holiday quarter, unveils new strategy
Shares in Macy's were bobbing above and below the waterline in pre-market trading on Tuesday, after the retail giant reported a mixed set of holiday-quarter figures and unveiled a new strategic plan.
KKR to buy Broadcom’s EUC Division in $4bn deal
Private equity firm KKR has agreed to buy Broadcom’s end-user computing division - the EUC Division - in a $4bn deal.
Ryanair blames Boeing as it revises down passenger forecasts
Ryanair revised down its passenger forecasts and warned of possible flight cancellations over the upcoming summer season on Monday, blaming Boeing over worsening delays in aircraft deliveries.
Quarterly numbers disappoint at Warner Bros Discovery
Warner Brothers Discovery posted a bigger-than-expected quarterly loss on Friday, weighing on the shares.
Allianz delivers record 2023 but shares fall on weak non-life results
German insurance and asset management group Allianz delivered a record set of annual results on Friday as it hiked its dividend by more than a fifth on the back of a higher payout ratio and launched a new share buyback programme of up to €1bn.
BASF to cut costs by a further €1bn
Germany’s BASF Group is to slash costs by a further €1bn, the chemicals giant confirmed on Friday, as it battles higher expenses and falling earnings.
Business sentiment in Germany strengthens slightly
Investor sentiment brightened modestly in Germany this month, a closely-watched survey showed on Friday, despite the economy continuing to falter.
Deutsche Telekom hits targets, points to further growth in 2024
Deutsche Telekom met guidance with its results for 2023 and forecast an slight acceleration in profit growth this year.
Moderna posts surprise profit, shares spark
Moderna posted a surprise quarterly profit on Thursday, despite sales of its Covid vaccine continuing to slide.
Nestlé shares fall as food giant warns of sales slowdown
Shares in Nestlé dropped on Thursday after the food and drink giant said that organic growth would slow this year.
AI boom sees earnings rocket at Nvidia
Shares in Nvidia sparked on Thursday, after the US chipmaker saw sales surge on booming demand for artificial intelligence.
Danone confident after reporting rise in full-year sales
French food multinational Danone reported a 7% jump in full-year net sales on a like-for-like basis in its 2023 results on Thursday, to €27. 62bn.
Reddit to offer IPO shares to biggest users - report
Social media firm Reddit is reportedly planning to offer shares in its initial public offering to 75,000 of its biggest users when it hits the market next month.
Aldi to create more than 5,000 new jobs
Aldi is to create more than 5,000 jobs in the UK this year, the German discounter announced on Wednesday.
Saint-Gobain in talks to snap up CSR
Saint-Gobain is in advanced talks to acquire Australian rival CSR, the construction materials group confirmed on Wednesday.