International Companies
German manufacturing downturn eases slightly - PMI
The downturn in Germany’s hard-pressed manufacturing sector eased marginally last month, a closely-watched survey showed on Thursday, although it remained in contraction.
Hugo Boss shares tank as APAC sales miss forecasts
Shares in Hugo Boss tanked on Thursday despite first-quarter results beating forecasts, as the German fashion group reported falling sales in the key market of China.
Maersk lifts profit guidance, expects Red Sea disruption to continue
Danish shipping and logistics giant A. P. Møller – Mærsk has lifted its 2024 profit guidance, saying that Red Sea disruptions are likely to continue for the rest of the year.
ING to return €2.5bn to shareholders
Dutch lender ING Groep said on Thursday that it will return €2. 5bn to shareholders following a "very strong" first quarter.
Universal artists to return to TikTok
Universal Music Group has ended its boycott of social media platform TikTok after the two groups struck a new licensing deal.
Novo Nordisk posts Q1 beat on strength of weight-loss drug
Danish pharmaceutical superstar Novo Nordisk beat first-quarter profit projections, it reported on Thursday, as demand for its blockbuster weight-loss drugs soared.
Johnson & Johnson proposes $6.5bn deal to settle talc claims
Johnson & Johnson has proposed a $6. 5bn deal to settle thousands of lawsuits claiming its talc products cause cancer, it was confirmed on Wednesday.
CVS Health shares fall on earnings miss, lowered outlook
Shares in pharmacy giant CVS Health were falling on Wednesday, after its first-quarter results fell short of expectations, with both revenue and adjusted earnings missing the mark.
Pfizer ups full-year earnings outlook
Pfizer raised its full-year earnings forecast on Wednesday, on the back of solid demand for its non-Covid products.
First-quarter earnings beat forecasts at Carlyle
The Carlyle Group reported an above-forecast jump in earnings on Wednesday, boosted by the sale of assets.