International Companies
Walgreens Boots Alliance grows Q2 sales but cuts profit target
Shares in American retail pharmacy chain Walgreens Boots Alliance rose on Thursday despite the company cutting its annual targets due to challenging conditions in the US, as sales in its second quarter came in ahead of expectations.
Home Depot to buy SRS Distribution in $18.25bn deal
Home Depot said on Thursday that it has agreed to buy SRS Distribution, a residential specialty trade distribution company, for around $18. 25bn.
H&M surges as Q1 results top expectations
Swedish fashion retailer H&M surged on Wednesday after posting better-than-expected results for the first quarter.
Old Mutual reports solid growth in challenging market
Old Mutual reported notable growth in its results for 2023 on Wednesday, including a 14% increase in results from operations, reaching ZAR 8. 34bn (£349. 18m), and a 21% rise in adjusted headline earnings to ZAR 5. 86bn.
Trump's Truth Social set for $6.8bn valuation in Nasdaq debut
Shares in Trump Media & Technology Group surged in pre-market trading on Tuesday ahead of its debut on the Nasdaq as the owner of Donald Trump's Truth Social social-media platform starts its first day as a public company valued at nearly $7bn.
Boeing chief executive, board chair both stepping down
Boeing announced a series of changes within its board and management on Monday, with Dave Calhoun announcing his resignation, as the aerospace giant navigated turbulence around its 737 MAX product.
Novo Nordisk snaps up CVD specialist Cardior Pharmaceuticals
Danish pharma giant Novo Nordisk has announced it is spending just over a billion euros to take over heart treatment specialist Cardior Pharmaceuticals.
Tesla cuts production at China plant - report
Tesla has reportedly cut production at its plant in China amid sluggish growth in electric vehicle sales and intense competition in the world’s biggest auto market.
Shares in Galderma jump on market debut
Shares in Switzerland’s Galderma jumped on Friday, as trading got underway in the dermatology specialist.
Santander on track to return €6bn to shareholders
Spain’s Banco Santander said on Friday it was on track to return more than €6bn to shareholders in 2024, following a strong start to the year.
FedEx shares hit three-year high after Q3 beat, $5bn buyback plan
FedEx shares were soaring in pre-market trade on Friday after the delivery and logistics giant lifted its 2024 guidance and unveiled plans to buy back $5bn of shares following a better-than-expected third quarter.
US government sues Apple for anti-competitive behaviour
Shares in iPhone maker Apple were firmly lower on Thursday after the Department of Justice sued the tech giant for allegedly violating antitrust laws and preventing smartphone customers from switching to its rivals.
Citi, Barclays set to trim investment banking headcounts
Banking giants Barclays and Citigroup were reportedly gearing up to trim their investment banking workforce, it emerged on Thursday, amid a slowdown in dealmaking activity within the sector.
General Mills beats quarterly estimates, shares spark
US food giant General Mills reported better-than-expected quarterly numbers on Wednesday, boosted by higher prices and market share gains.
Intel secures nearly $20bn in federal funding to build new chip plants
Chip giant Intel saw shares rise strongly in pre-market trade on Wednesday after it announced the receipt of nearly $20bn from the government as part of its plans to invest more than $100bn over the next five years, creating 10,000 new jobs across four sites in the US.
Luxury stocks slide after Kering warns on profits
Shares in Gucci-owner Kering tumbled on Wednesday, after the French luxury group warned on profits.
Xiaomi trebles profits in fourth quarter, but 2023 sales slip
Adjusted profits at Chinese tech giant Xiaomi more than trebled in its fourth quarter to beat analysts' forecasts, though full-year revenues were down on 2022 as a result of a drop in smartphone sales.
Logitech shares slide on surprise CFO departure
Swiss computer accessories giant Logitech surprised markets on Monday, announcing that chief financial officer Charles Boynton would depart in May, having served in the role for just over a year.
French shipping firm CMA CGM in exclusive talks to buy Altice
French shipping firm CMA CGM said on Friday that it has entered into exclusive talks to buy telecoms group Altice for an enterprise value of €1. 55bn.
Trading in LPP suspended after Russian claims cause stock to plunge
Shares in LPP Group were suspended on Friday, after short seller Hindenburg Research claimed the Polish retailer’s Russian divestments were a "sham", causing the stock to plunge.