International Companies
SIX Group studying options for financial data arm — report
Swiss stock market operator SIX Group is said to be examining options to potentially shake up ownership of its financial data arm.
Birkenstock shares tank as record quarterly growth underwhelms
US-listed shares of Birkenstock plunged on Thursday after the German sandal maker underwhelmed investors with a record third-quarter performance, as it narrowly missed consensus forecasts with its top line.
Best Buy lifts profit guidance after Q2 comparable sales beat
Best Buy hiked its profit forecast for the year on Thursday, amid a positive shift in consumer demand for electronics.
Dollar General shares slide as it downgrades full-year forecast
Shares in Dollar General were sliding in early trade on Thursday, after the retailer revised its annual sales and profit forecasts downward, citing a reduction in consumer spending on discretionary items.
Pernod Ricard to return to growth this year but predicts "soft" Q1
Pernod Ricard said it expects to return to organic growth this new financial year after small dip in sales in the 12 months to 30 June, but that first-quarter trading would be held back by inventory reductions and a "very weak" environment in China.
Polestar appoints former Opel boss as CEO as Ingenlath resigns
Swedish electric car maker Polestar said on Wednesday that chief executive officer Thomas Ingenlath has resigned with effect from 1 October, to be succeeded by former Opel CEO Michael Lohscheller.
Kohl's lifts outlook after second-quarter earnings beat
Kohl's raised its annual profit forecast on Wednesday, after surpassing expectations for second-quarter earnings, driven by stringent cost management and reduced inventory levels.
Foot Locker posts first comparable sales growth in six quarters
Foot Locker reported its first comparable sales growth in six quarters on Wednesday, marking a milestone in its ongoing turnaround efforts.
Hyundai Motor lays out ambitious goals for sales, shareholder returns
Hyundai Motor announced ambitious plans to increase its annual global sales by 30% to 5. 55 million vehicles by 2030 on Wednesday, with a significant focus on expanding its hybrid vehicle lineup.
Lego's H1 profits grow as toymaker invests more in greener materials
Toymaker Lego announced an impressive set of first-half results on Wednesday, with both top and bottom lines expanding by double digits, as it continued to outpace industry growth and increase its market share.
Ted Baker owner Authentic strikes deal to relaunch brand online
Ted Baker's owner and retail conglomerate Authentic Brands Group has announced a deal with its US partner to relaunch the brand as a pure-play online retailer later this year after its final bricks-and-mortar stores closed this week.
JD.com unveils $5bn, 36-month share buyback plans
Chinese e-commerce giant JD. com unveiled a new $5bn share buyback programme on Tuesday, set to begin in September and extend over the next 36 months.
Bronfman withdraws bid for Paramount, making way for Skydance deal
Edgar Bronfman Jr officially withdrew his bid to acquire Paramount Global on Tuesday, effectively clearing the way for Skydance Media to take control of the company.
BHP beats forecasts as underlying profits rise
Mining titan BHP reported a bigger-than-expected increase in full-year underlying profits, helped by record volumes of iron ore and higher copper output, but warned of an "uneven" recovery in China.
Nestle announces CEO departure, shares slump
Nestle slumped on Friday as it announced the departure of chief executive Mark Schneider, who will be replaced by Laurent Freixe.
Peloton shares bounce after first quarterly growth in two years
Shares in Peloton Interactive raced ahead on Thursday after the struggling connected exercise equipment maker reported its first quarter of rising sales in more than two years.
Advance Auto Parts to sell Worldpac to Carlyle for $1.5bn
Advance Auto Parts said on Thursday that it has agreed to sell Worldpac, its automotive parts wholesale distribution business, to private equity firm Carlyle for $1. 5bn in cash.
Deutsche Bank reaches settlement with more than half of Postbank claimants
German lender Deutsche Bank has reached settlements with over half of claimants in its more than a decade-long Postbank litigation and now expects to report a €430. 0m boost to Q3 pre-tax profits.
Swiss Re H1 profits grow amid low claim levels, price rises
Reinsurance company Swiss Re said on Thursday that net profit had grown in the six months ended 30 June amid price rises and low claim levels throughout the period.
Target surges after Q2 beat, profit upgrade
Target shares surged on Wednesday after the US retailer posted better-than-expected second-quarter earnings and lifted its annual profit outlook.