International Companies
Puma sales inch higher on DTC surge
Puma's share price rose strongly on Wednesday after the sporting goods manufacturer delivered an in-line first-quarter performance, with surging direct-to-consumer (DTC) sales making up for weakness in wholesale, as the company reiterated its growth guidance for the full year.
Higher costs weigh on earnings at BMW
Shares in Germany’s BMW Group came under pressure on Wednesday, after higher manufacturing costs weighed on quarterly earnings.
TSB to cut jobs, close branches
British high street lender TSB is to cut more than 200 jobs and close branches, it was confirmed on Wednesday.
Toyota projects fall in profits after bumper fourth quarter
Toyota Motor projected a 20% decrease in profit for the current financial year on Wednesday, as it planned large investments in both suppliers and strategic initiatives after a strong fourth-quarter performance.
Shares jump as Siemens Energy ups outlook
Shares in Siemens Energy sparked on Wednesday, after the German group upped its full-year outlook on the back of strong quarterly numbers.
AB Inbev's Q1 volumes fall less than expected
Shares in Anheuser-Busch InBev were rising strongly in Brussels after the Belgian beverages giant reiterated its full-year guidance following better-than-expected first-quarter volumes.
Alstom to cut debt through €1bn rights issue
French train maker Alstom announced plans to raise €1bn from shareholders on Wednesday, as it looks to slash debt.
First-quarter losses surge at Spirit AeroSystems
Losses at Spirit AeroSystems Holdings soared in the first quarter, the Boeing supplier confirmed on Tuesday, as production slowed and inventory built up.
Disney's streaming arm posts maiden profit
The Walt Disney Company’s entertainment streaming arm swung to profit in the last quarter, the US giant confirmed on Tuesday, the first time since the 2019 launch of Disney+.
Zalando returns to growth, shares spark
Zalando reiterated its full-year outlook on Tuesday after the German online-only retailer posted an uptick in first-quarter volumes and swung back into the back.
UBS reports first profit since Credit Suisse takeover
Swiss banking giant UBS announced its first quarterly profit since its takeover of Credit Suisse on Tuesday, sending its shares northward.
First-quarter income slides at Saudi Aramco
Oil giant Saudi Aramco has reiterated plans to pay out more than $120bn in dividends this year, despite a slide in first-quarter income.
Credit Agricole Q1 earnings grow, corporate and investment units outperform rivals
French banking group Credit Agricole said on Friday that first-quarter earnings had grown as its corporate and investment banking units outperformed rivals.
Societe Generale maintains targets after Q1 profit beat
Shares in French banking giant Société Générale surged on Friday after the company reiterated its full-year guidance despite a sharp drop in profits in the first quarter as it beat consensus estimates.
Goldman Sachs to scrap bonus cap for UK dealmakers
Goldman Sachs will remove a cap on bonuses for its London-based staff, according to Sky News, with the firm now set to resume making multi-million-pound payouts to its top-performing traders and dealmakers.
Gazprom swings to $6.9bn loss as Europe sales plunge
Russia's natural gas heavyweight Gazprom swung to huge loss in 2023 after sales to Europe dropped due to Western sanctions on Moscow.
Peloton announces CEO departure; to cut 15% of workforce
Peloton announced the departure of its chief executive on Thursday, alongside plans to cut around 15% of its workforce amid a restructuring programme aimed at reducing annual expenses by more than $200m.
Moderna bets big on RSV vaccine as full-year guidance unchanged
Moderna saw its share price surge on Thursday after posting a smaller-than-expected quarterly loss as the Covid vaccine maker sets its sights on regulatory approvals of its second product later in the year.
London cabbies launch £250m legal action against Uber
Uber Technologies is facing legal action on behalf of more than 10,500 London black cab drivers, it was confirmed on Thursday.
ArcelorMittal smashes profit forecasts in first quarter
Luxembourg-based steel titan ArcelorMittal beat forecasts with its first-quarter profits on Thursday as it painted a positive outlook for global steel demand.