International Companies
Exxon Q4 beats estimates on higher Permian, Guyana output
US oil giant Exxon Mobil fourth quarter profits beat estimates, despite weaker oil prices and refining margins, driven by increased production in the Permian basin at home, and in Guyana.
Offshore wind developer Orsted CEO Mads Nipper to step down
Offshore wind developer Orsted said on Friday that Mads Nipper was stepping down from his position as president and chief executive, to be replaced by Rasmus Errboe, who is currently deputy CEO and chief commercial officer.
Chevron adjusted earnings fall short of estimates
Texas-based energy giant Chevron reported fourth-quarter earnings of $3. 2bn on Friday, an increase from $2. 3bn a year earlier, although adjusted earnings of $3. 6bn fell short of analyst expectations.
Novartis impresses with Q4 beat, 2025 outlook
Pharma giant Novartis comfortably beat market forecasts with its fourth-quarter results on Friday, with the Swiss firm pointing to further growth in sales and profits in 2025.
Quarterly earnings charge ahead at Blackstone
Fourth-quarter profits at Blackstone smashed expectations on Thursday, as assets under management at the alternative investment giant reached a record $1. 13trn.
UPS shares dive on plans to scale back Amazon deliveries
Shares in UPS tanked on Thursday after the delivery giant announced it is planning to lower volumes with its largest customer, Amazon. com, by at least a half by the end of next year.
Caterpillar posts Q4 earnings beat, warns of 2025 weakness
Caterpillar reported fourth-quarter earnings that exceeded analyst expectations on Thursday, but warned that sales and revenue for 2025 were likely to decline compared to the prior year.
Dow to cut 1,500 jobs globally after fourth-quarter loss
Dow announced plans to cut around 1,500 jobs globally as part of a broader cost-reduction initiative aimed at saving $1bn on Thursday.
H&M reports stronger-than-expected fourth quarter
H&M reported stronger-than-expected fourth-quarter earnings on Thursday, signaling progress in its ongoing turnaround strategy.
Deutsche Bank profit drops more than expected in 2024
Deutsche Bank reported a sharp drop in fourth-quarter and full-year 2024 profit on Thursday, falling short of market expectations as legal provisions and restructuring costs offset strong investment banking revenue.
T-Mobile raises subscriber growth forecasts after bumper quarter
T-Mobile lifted its expectations for subscriber growth in 2025 on Wednesday, projecting between 5. 5 million and six million postpaid net additions, more than double Wall Street estimates, as it also beat expectations for fourth quarter revenue.
Spirit rebuffs second approach from Frontier
Debt-laden Spirit Airlines has rebuffed a takeover approach from long-term suitor Frontier Airlines, the US carriers confirmed on Wednesday.
Volvo FY earnings grow despite modest dip in Q4 sales
Swedish automotive giant Volvo said on Wednesday that earnings had slightly improved in FY24 despite a modest downturn in Q4.
LVMH numbers fail to impress, shares fall
Shares in LVMH came under pressure on Wednesday, after end-of-year results from the luxury goods bellwether failed to sparkle, despite beating expectations.
Mediobanca rejects €13bn takeover offer from Monte dei Paschi
Italian investment bank Mediobanca has rejected a takeover bid from state-backed Banca Monte dei Paschi, saying the deal would be "strongly destructive of value".
General Motors beats estimates with FY figures, warns of potential tariff impacts in FY25
Automotive giant General Motors beat Wall Street estimates on both the top and bottom lines but warned that headwinds from the Trump administration could weigh on future profits.
HSBC to cut investment banking offering in UK, Europe and Americas
HSBC Holdings is to wind down its investment banking offering in the UK, Europe and Americas as part of a group-wide restructuring, it was reported on Tuesday.
Microsoft in talks to buy TikTok, claims Trump
Donald Trump has claimed that Microsoft is once again in talks to buy TikTok, the Chinese-owned social media platform.
Boeing reports biggest annual loss since 2020
Boeing reported an annual loss of $11. 83bn for 2024 on Tuesday, marking its largest deficit since 2020.
ING to take €700m hit after agreeing to offload Russian arm
ING has agreed to sell its Russian business, the Dutch bank confirmed on Tuesday, bringing its presence in the country ton an end to nearly three years after the invasion of Ukraine.