International Companies
China unveils £1.1bn stimulus package
China unveiled its latest stimulus package on Friday, as it looked to tackle surging levels of local government debt and revive the country's flagging economy.
Moderna numbers beat expectations, shares jump
Shares in Moderna rallied on Thursday after third-quarter revenues at the US biotech, best known for its Covid-19 vaccine, smashed expectations.
Soaring demand for weight-loss drugs boost profits at Novo Nordisk
Novo Nordisk posted quarterly numbers broadly in line with expectations on Wednesday, as demand for its weight-loss drugs continued to boom.
Shares in Ashtead rally on Trump victory
Shares in Ashtead Group soared on Wednesday, on hopes US revenues at the British firm would be boosted following the historic re-election of Donald Trump as president.
Eurozone producer prices fall in September
Producer prices eased in the Eurozone in September, official data showed on Wednesday, in line with expectations.
UniCredit, Commerzbank deliver contrasting quarters amid tie-up chatter
Italian bank UniCredit and Germany’s Commerzbank delivered contrasting third-quarter earnings on Wednesday as UniCredit pursued an increased stake in Commerzbank, potentially setting the stage for one of Europe’s largest banking mergers in over a decade.
Eurozone business activity stagnates - PMI
The Eurozone economy failed to gain ground in October, a closely-watched survey showed on Wednesday, weighed down by weakness in Germany and France.
Hugo Boss reaffirms 2024 guidance, Asia challenges linger
Hugo Boss reaffirmed its full-year guidance for 2024 after reporting modest revenue growth in the third quarter, with a 1% increase year-to-date, although challenges in the luxury market meant it was unlikely to meet its 2025 targets.
Nintendo lowers forecasts amid diminishing Switch sales
Nintendo lowered its profit and sales forecasts for the year ending next March on Tuesday, reflecting diminishing demand for its seven-year-old Switch console.
Vestas Wind Systems shares tumble on Q3 profit miss
Shares in Vestas Wind Systems were tumbling on Tuesday, after it reported third-quarter revenue of €5. 2bn, up 18. 9% increase year-on-year, with a core operating profit of €235m, far short of the expected €352m.
Boeing workers agree pay deal, end strike
Boeing’s workforce ended a 53-day strike on Tuesday, after voting to accept a new labour agreement that included a 38% pay increase over four years and improved retirement contributions.
Saudi Aramco sees Q3 profits drop 15%
State-owned oil major Saudi Aramco saw profits drop 15% in the third quarter as lower refining margins and crude prices weighed on the bottom line.
Berkshire Hathaway lowers stake in Apple
Warren Buffett has further lowered his stake in tech giant Apple, downsizing Berkshire Hathaway's biggest equity holding for a fourth consecutive quarter.
Apple to expand iPhone satellite capability with £1.5bn commitment
Apple strengthened its partnership with satellite communications firm Globalstar, it was reported on Friday, by committing around $1. 5bn to expand iPhone satellite services, according to a recent securities filing.
Chevron beats Q3 expectations
Energy giant Chevron beat Q3 earnings and revenue expectations on Friday as it returned a record amount of cash to shareholders.
CMC Markets enters partnership with New Zealand's ASB
CMC Markets announced a strategic partnership with New Zealand bank ASB on Friday, marking a significant expansion into the Australia-New Zealand region.