International Companies
SAP shares surge on Q2 cloud growth, job cuts
Shares in SAP surged 7% on Tuesday after the German enterprise software giant impressed with its second-quarter results, as revenue growth was bolstered by increasing momentum in the cloud and AI markets, while the company announced plans to cut more jobs.
Supply shortages to hit sales and margin at Porsche
Shares in Porsche came under pressure on Tuesday, after the luxury marque warned supply issues would likely dent its full-year numbers.
Julius Baer names Goldman Sachs partner CEO
Julius Bear Gruppe has named Goldman Sachs partner Stefan Bollinger chief executive, it was confirmed on Tuesday.
Wiz ends $23bn deal talks with Google - reports
Talks between Google-parent Alphabet and Israeli start-up Wiz have ended, it emerged on Tuesday, ending the prospect of a potential $23bn blockbuster deal.
Government to scrutinise £5.3bn Royal Mail takeover
The new Labour government is set to look closely at the £5. 3bn takeover of Royal Mail-owner International Distribution Services by Czech billionaire Daniel Kretinsky.
Vivendi to list French TV arm in London
Vivendi is to list its French TV business Canal+ on the London Stock Exchange, the European media conglomerate confirmed on Monday.
Anglo American Platinum on track despite profits fall
South Africa’s Anglo American Platinum said its restructuring programme remained on track on Monday, as it posted a sharp drop in half-year profits.
Ryanair sees profits slide, warns of softer fares
Ryanair Holdings posted a sharp fall in quarterly profits Monday and warned fares would likely be “materially” lower than last summer.
Chipmaker TSMC lifts sales guidance as AI boom continues
Apple and Nvidia supplier TSMC lifted its sales guidance for the full year on Thursday as demand for its chips continues to be supported by the ongoing AI boom.
Meta reportedly in talks to buy stake in Ray-Ban maker EssilorLuxottica
Facebook parent company Meta is reportedly in discussions to buy a 5% stake in Italian-French eyewear maker EssilorLuxottica as the social-media giant looks to deepen its ties with the company that makes its Ray-Ban Meta smart glasses.
Domino's Pizza shares tank as Q2 sales underwhelm
Shares in Domino's Pizza tanked in pre-market trading on Thursday after the American takeaway pizza chain missed the mark with its quarterly sales figures and suspended its targets for store openings.
Nokia reports weakest quarterly sales in nine years
Nokia's stock was under heavy selling pressure on Thursday after the Finnish telecoms group posted its lowest quarterly net sales figure in nearly a decade and reported a big drop in profit as investments in 5G equipment waned.
Novartis hikes profit guidance again after stellar Q2
Swiss pharma titan Novartis has raised its full-year profit guidance for the second time in three months after strong sales growth and margin expansion in its second quarter.
Johnson & Johnson shares rise on earnings beat despite mixed outlook
Johnson & Johnson's stock was in the green on Wednesday, after the pharmaceutical giant reported second-quarter earnings and sales that surpassed analysts' expectations, largely driven by its innovative medicines segment.
GitLab said to be exploring sale, shares surge
GitLab surged on Wednesday following a report it is exploring a sale after attracting acquisition interest.
Klarna lining up financial advisers for US IPO - report
Swedish payments fintech Klarna is reportedly lining up financial advisers for a long-awaited initial public offering in the US that will be among the most anticipated listings in recent years.
Adidas lifts full-year guidance, shares bounce
Shares in Adidas sparked on Wednesday, after the German firm boosted full-year guidance for the second time in three months.
Pernod Ricard to sell international wine brands to Accolade Wines owner
Pernod Ricard said on Wednesday that it has agreed to sell its international strategic wine brands to Australian Wine Holdco Limited (AWL), a consortium of international institutional investors and owner of Accolade Wines.
VF offloads Supreme to EssilorLuxottica for $1.5bn
Vans, Timberland and North Face owner VF Corp is selling Supreme to EssilorLuxottica for $1. 5bn, just four years after the apparel conglomerate bought the streetwear brand for $2. 1bn.
Morgan Stanley Q2 profits surge, wealth management unit disappoints
Morgan Stanley reported better-than-expected quarterly earnings on Tuesday morning on the back of a strong trading and investment banking performance.