International Companies
Saudi Aramco to return $124bn to shareholders in FY24
State-owned petroleum and natural gas company Saudi Aramco will return more than $120. 0bn to shareholders in FY24 following a "market-leading performance" during H1.
BioNTech losses more-than-quadruple in second quarter
German pharmaceutical company BioNTech reported a sharp increase in losses for its second quarter on Monday, as it pivoted away from its Covid-19 vaccine business towards cancer drug development.
Mars exploring acquisition of Pringles owner Kellanova - report
Food giant Mars is reportedly exploring a potential acquisition of snack maker and Pringles owner Kellanova.
Kosmos Energy reports strong second-quarter production
Kosmos Energy reported net income of $60m for its second quarter on Monday, translating to 12 cents per diluted share, while on an adjusted basis, its net income reached $80m, or 17 cents per diluted share.
SocGen to sell Swiss, UK private banking arms to UBP in €900m deal
Societe Generale said on Monday that it has agreed to sell its Swiss and UK private banking arms to Union Bancaire Privée (UBP), a Swiss bank specialised in wealth and asset management, for around €900m (£770. 50m).
Iberdrola to buy 88% stake in Electricity North West for £2.1bn
Iberdrola said on Friday that it has agreed to buy an 88% stake in Electricity North West (ENW) in the UK for £2. 1bn.
ExxonMobil beats second-quarter earnings expectations
ExxonMobil announced second-quarter earnings above market forecasts on Friday, with the total coming in at $9. 2bn, or $2. 14 per share.
Chevron earnings fall more than expected in second quarter
Chevron announced a fall in second-quarter earnings on Friday, to $4. 4bn, down from $6bn in the same period last year.
Anheuser-Busch InBev posts H1 earnings beat, revenue miss
Beer giant Anheuser-Busch InBev said on Thursday that interim underlying earnings had come in ahead of analysts' expectations despite reporting revenues that fell short of estimates.
SocGen cuts outlook for French retail bank, shares tumble
Societe Generale tumbled on Thursday after cutting the outlook for its French retail bank.
BMW profit margin narrows on China weakness
BMW reported a decline in its automotive segment's profit margin for the second quarter on Thursday, driven by increased competition and weakening demand in China, a crucial market for the German carmaker.
Volkswagen shares slip as it extends cost-cutting programme
Volkswagen shares declined on Thursday, after the German carmaker announced it would extend its cost-cutting measures beyond the second half of 2024.
Moderna lowers guidance after fall in quarterly revenue
Moderna reported a significant fall in second quarter revenue on Thursday, to $241m, down from $344m in the same period last year, as it lowered its full-year guidance amid weak Europe sales and a competitive US market.