International Companies
AIG sells $3.8bn stake in Corebridge to Nippon Life
American insurance giant AIG on Thursday announced the sale of a 20% stake in retirement and insurance firm Corebridge Financial to Japanese peer Nippon Life for $3. 8bn.
Chevron preparing to sell UK North Sea oil and gas assets - report
Chevron is reportedly set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the US energy firm’s exit from the ageing basin after more than 55 years.
EC launches formal probe into how Meta protects minors
The European Commission has launched formal proceedings to investigate whether Meta may have breached the Digital Services Act (DSA) through how it treats and protects minors on Facebook and Instagram.
Roche sees positive results from weight-loss trials
Roche reported positive trial results for its experimental weight loss treatment on Thursday, sending shares in the Swiss drugs group higher.
Siemens revenue stable despite fall in orders
Siemens reported relatively stable revenue in its second quarter on Thursday, despite a 12% decline in comparable orders, reflecting a high volume of large orders in the mobility segment.
Commerzbank ups NII guidance after stellar Q1
German banking group Commerzbank has raised its forecast for net interest income by €200m after a strong performance in the first three months of the year – its best quarter in more than a decade.
Eurozone inflation to fall faster than forecast - EU
Eurozone inflation is set to fall faster than initially expected this year, the European Commission forecast on Wednesday.
Thyssenkrupp lowers full-year guidance again
German industrial conglomerate Thyssenkrupp has cut its forecasts for full-year sales and net profit as a result of volume reductions and lower steel prices, along with write-downs that will impact the bottom line.
Klarna edges closer to $20bn float - report
Buy now pay later firm Klarna has reportedly cleared a crucial hurdle on its journey towards a stock market flotation expected to value it at as much as $20bn (£15. 9bn).
Foxconn Q1 profits jump 72% as AI server demand soars
Taiwanese electronics giant and iPhone assembler Foxconn on Tuesday reported a huge surge in first-quarter profits as it delivered a confident outlook for the current quarter due to strong demand for its AI servers.
Home Depot Q1 revenue beats forecasts, comparable sales miss
Home Depot reported a slight dip in first-quarter comparable sales on Tuesday, although its earnings per share of $3. 63 slightly surpassed analysts' expectations of $3. 60.
Annual profits spark at DCC
Ireland’s DCC reported a jump in annual profits on Tuesday, on the back of strong trading in its core energy division.
Walgreens contacting potential buyers for Boots - report
Walgreens Boots Alliance is reportedly reaching out to potential buyers of the £7bn ($8. 8bn) Boots chemist chain.
Squarespace to go private in $6.9bn deal with Permira
Web design and hosting platform Squarespace announced on Monday that it is to go private in a $6. 9bn all-cash transaction with global private equity firm Permira.
SoftBank trims annual losses as NAV jumps
Japanese tech investment management giant SoftBank saw shares rise on Monday after reporting a significant drop in full-year losses and a near-doubling in net asset value.
Honda guides to profit decline this year as sales stall
Japanese carmaker Honda said that annual profits are expected to fall after a huge jump in the year just gone, with currency movements and rising costs estimated to weigh on the bottom line.
Novavax signs $1.2bn Covid-19 licensing deal with Sanofi, shares rocket
Shares of US biotech firm Novavax rocketed on Friday after it signed a $1. 2bn licensing agreement with French pharmaceutical group Sanofi to commercialise its Covid-19 vaccine from next year.
BBVA makes hostile takeover bid for Banco Sabadell
Spanish banking group BBVA has proposed a hostile takeover of smaller peer Banco Sabadell, taking its €12. 2bn offer directly to shareholders after the latter's board rejected an approach earlier this week.
Telefónica maintains outlook after Q1 beat
Spanish telecoms giant Telefónica has reiterated its full-year outlook after a better-than-expected first-quarter performance, with net income rising almost 80% on the year before.
Uber shares fall on first-quarter update
Shares in Uber Technologies fell sharply on Wednesday, after quarterly numbers disappointed.