International Companies
Biden voices opposition to Japanese takeover of US Steel
Shares in American steel producer US Steel was under pressure on Thursday after president Joe Biden said he's opposed to its $14. 9bn takeover by Japan's Nippon Steel.
Steven Mnuchin eyeing up TikTok after House passes bill to ban app
Former Treasury secretary Steven Mnuchin is said to be gathering a consortium of investors to attempt to take over TikTok as the Chinese owned short-video app comes under increasing scrutiny regarding its foreign ownership in the US.
Dick's Sporting Goods cheers record quarter
Shares in Dick’s Sporting Goods jumped on Thursday, after bumper holiday season trading beat expectations.
Altria to sell down stake in AB InBev
Trading in Anheuser-Busch InBev was temporarily suspended on Thursday, after Marlboro maker Altria Group announced plans to sell down its stake in the brewing giant.
BP, Adnoc suspend talks on bid for stake in Israel's NewMed
NewMed Energy said on Wednesday that BP and UAE state-owned oil company Adnoc have suspended discussions about a potential joint bid for 50% of the Israeli gas company.
Galderma confirms price range for blockbuster IPO
Galderma announced the price range for its forthcoming flotation on Wednesday, leaving the skincare giant on track to raise more than £2bn.
Adidas FY sales fall short of estimates
German sportswear giant Adidas reported full-year results that fell short of estimates on Wednesday as a result of the loss of its very profitable Yeezy line following the cessation of its long-running collaboration with Kanye West.
Eurozone industrial production unexpectedly tumbles
Industrial production fell sharply in the eurozone in January, official data showed on Wednesday, by more than expected.
Zara-owner Inditex upbeat on strong results
Shares in Inditex sparked on Wednesday, after the Spanish fashion giant said 2024 had got off to a strong start.
Falling margins hold back profit growth at Volkswagen
Volkswagen has described its 2023 results as "robust" amid a challenging environment, as a strong showing from its core and luxury brands offset was able to offset at declining profits at non-core brands including Audi and its software arm.
Lego outperforms declining toy market with sales growth
Danish toy giant Lego outperformed competitors in 2023 as it managed to grow sales by 2% in the worst year for toymakers in more than 15 years.
Reddit announces IPO valuation of up to $5.5bn
Social media platform Reddit confirmed its intention to launch an initial public offering (IPO) on Monday, announcing an estimated valuation of up to $5. 5bn.
EU Commission found to have broken data protection rules with Microsoft software
The European Commission's use of Microsoft 365 was found to have infringed data protection law, according to a ruling announced on Monday by the continent's privacy watchdog.
HelloFresh warns on profits, shares plunge
Shares in HelloFresh plummeted on Friday, after the food delivery service warned on profits for the second time and scrapped its mid-term targets.
Continental shares fall as 2023 profits and sales miss estimates
Full-year results at German auto parts manufacturer Continental came in below expectations on Thursday despite the company hiking its dividend after operating profits rose by nearly a third.
GE Aerospace announces $15bn share buyback ahead of spin-off
US conglomerate General Electric shares were on the rise on Thursday after GE Aerospace unveiled plans for a $15bn share buyback ahead of its launch as a standalone company next month.
Novo Nordisk sees promising early results for weight loss pill
Shares in Novo Nordisk sparked on Thursday, after the Danish pharmaceutical firm detailed promising trial data for its experimental anti-obesity drug amycretin.
Foot Locker lowers 2024 forecast despite fourth-quarter beat
Foot Locker surpassed expectations in its fourth-quarter 2023 results on Wednesday, but disappointed investors after it lowered its profit outlook for the 2024 financial year.
Thales shares surge after 2023 sales and profits beat forecasts
French aerospace, defence and transportation services group Thales saw shares jump more than 8% on Tuesday after delivering 2023 results that beat forecasts across the board, with operating profits topping €2bn for the first time in four years.
Meta hit with major outages, Facebook and Instagram down
Social media giant Meta was hit by a major outage on Tuesday afternoon, with thousands of users left unable to access Facebook, Messenger, and Instagram.