International Companies
Danone beats forecasts with solid Q1 sales growth
French food manufacturer Danone said it made a "good start" to the year, with first-quarter sales rising on the back of broad-based growth amid a challenging environment.
Tesla lays off 285 workers in Buffalo as job cuts continue
Electric carmaker Tesla is to lay off 14% of its staff across two plants in New York, the company said in a regulatory filing on Thursday, following large-scale job cuts announced earlier in the week.
Blackstone first-quarter earnings narrowly beat forecasts
Blackstone, the world’s largest private equity firm, reported marginally better than expected first-quarter earnings on Thursday.
TSMC forecasts jump in second-quarter sales
Taiwan Semiconductor Manufacturing Co said on Thursday it expects sales to jump in the second quarter on strong demand.
Eli Lilly weight-loss drug 'significantly' reduces sleep apnoea
Eli Lily’s weight-loss drug tirzepatide has been shown to “significantly” reduce sleep apnoea severity, the US drugs giant said on Wednesday.
First-quarter bookings fall sharply at ASML
Shares in ASML Holding came under pressure on Wednesday, after the chip industry giant disappointed with its first-quarter trading update.
Morgan Stanley shares rise as Q1 profits top forecasts
Shares in American banking giant Morgan Stanley rose strongly on Tuesday after the company beat forecasts with a 13% increase in first-quarter profits.
Bank of America upbeat despite profits slide
Bank of America said it had seen a “strong” first quarter on Tuesday, despite posting a sharp fall in profits.
Ericsson sees sales stabilising, shares spark
Shares in Ericsson rallied on Tuesday, after the Swedish telecoms group posted above-forecast quarterly numbers and said it expected sales to stabilise in the second half.
International Paper to snap up DS Smith in £7.8bn deal
International Paper has agreed to buy British rival DS Smith in a £7. 8bn all-share deal, it was confirmed on Tuesday.
BNP Paribas to buy 9% stake in Ageas
French banking giant BNP Paribas announced on Monday that it is buying a 9% stake in Belgian insurer Ageas from Chinese conglomerate Fosun Group for €730m.
Citigroup delivers better-than-expected Q1 result
Citigroup reported a better-than-expected first-quarter performance on Friday, driven by both its investment banking and trading units.
JPMorgan Chase Q1 profits jump
JPMorgan Chase reported a 6% jump in first-quarter profit on Friday as net interest income rose.
Wells Fargo tops earnings forecast despite fall in net interest income
Wells Fargo surpassed Wall Street expectations for first-quarter earnings, it reported on Friday, despite a decrease in net interest income.
Samsung in line to secure $6bn in US government grants
Electronics giant Samsung will unveil a $44. 0bn White House programme aimed at bringing semiconductor production back to America as soon as next week, with the memory chip maker in line to secure up to $6. 0bn in government grants.
Societe Generale sells Moroccan unit to Saham Group
French bank Societe Generale has agreed to sell the majority of its Moroccan arm to Saham Group for €745. 0m as it forges ahead with chief executive Slawomir Krupa's plan to streamline the business.
Publicis shares rise as Q1 growth beats forecasts
French advertising and PR giant Publicis Groupe has hailed a "very strong start" to 2024 after delivering revenue growth ahead of forecasts.
SocGen to sell professional equipment financing business for €1.1bn
Societe Generale said on Thursday that it has agreed to sell its professional equipment financing businesses to Groupe BPCE for €1. 1bn.
Court overturns EU sanctions against two Russian billionaires
A senior European Union court has lifted sanctions against Russian billionaires Mikhail Fridman and Petr Aven, it was confirmed on Wednesday.
Philips creates 'clear path forward' with FDA over Respironics probe
Shares in Philips were rising in Amsterdam on Wednesday the Dutch conglomerate settled on a consent decree with US regulators over a Respironics product recall back in 2021.