International Companies
Old Mutual posts best profit since 2019, divi underwhelms
Old Mutual reported its highest profit since 2019 on Tuesday, driven by rising demand for short-term insurance and wealth management products in South Africa.
PepsiCo spends nearly $2bn on prebiotic soda brand Poppi
Soft drinks giant PepsiCo is to spend nearly $2bn on fast-growing prebiotic soda brand Poppi, which it says is part of ongoing "portfolio transformation efforts" to adapt to changing consumer needs.
Incoming Intel CEO Tan planning manufacturing, AI overhaul - report
Intel's incoming chief executive Lip-Bu Tan has reportedly considered significant changes to the company’s chip manufacturing methods and artificial intelligence strategies ahead of his return to the company on Tuesday.
UniCredit gets ECB approval to raise Commerzbank stake
The European Central Bank has given the green light for Italian bank UniCredit to raise its stake in German peer Commerzbank to up to 29. 9%.
Kering taps Demna Gvasalia for new artistic director of Gucci
Shares in luxury goods firm Kering were down double-digits in early trading after it tapped Demna Gvasalia to take over as new artistic director of Gucci.
Shein confirms plans to float, but questions remain over valuation and timing
Chinese fast fashion giant Shein has confirmed plans to float on the stock market, but has yet to disclose a preference on the location, timing or valuation.
Mallinckrodt and Endo to merge in $6.7bn deal
Pharmaceutical firm Mallinckrodt said on Thursday that it has agreed to merge with Endo in a $6. 7bn deal.
Eurozone industrial production rebounds in January
Eurozone industrial production surprised on the upside in January, official data showed on Thursday, supported by expansion in Germany, the bloc’s biggest economy.
Rheinmetall posts record sales, order backlog as defence spending soars
Rheinmetall's share price surged on Wednesday after the German arms manufacturer reported record annual sales of nearly €10bn and a bumper order book of €55bn, saying that "an era of rearmament has begun in Europe".
Northvolt files for bankruptcy in Sweden
Battery firm Northvolt has filed for bankruptcy in Sweden, it confirmed on Wednesday, effectively ending Europe's hopes of establishing a credible challenge to China.
Puma warns of 'challenging' year ahead, shares plunge
Shares in Puma plunged on Wednesday, after the German fashion and sports brand warned that mounting geopolitical tensions would hit growth.
Zealand Pharma shares surge on obesity drug tie-up with Roche
Zealand Pharma shares surged on Wednesday as it announced a collaboration with Roche on the sale of rights to an obesity therapy in a deal worth up to $5. 3bn.
Shares in Inditex slide after current trading disappoints
Shares in Zara-owner Inditex fell sharply on Wednesday, after the Spanish giant saw sales growth slow.
EU hits back as Trump's global steel tariffs take effect
Donald Trump’s trade war escalated on Wednesday, after worldwide tariffs on steel and aluminium imports to the US came into effect.
Henkel disappoints with weak Q4 growth, 2025 guidance
Chemical and consumer goods giant Henkel dropped 10% on Tuesday despite the announcement of a new share buyback, as fourth-quarter results and guidance from the German conglomerate disappointed.
Delta slashes Q1 guidance due to 'soft' demand
Airline and travel stocks were on the descent on Tuesday after Delta became the latest carrier to slash financial forecasts, cutting growth guidance for the first quarter by around a half.
Dick's posts record sales but guidance disappoints
Dick’s Sporting Goods posted bumper holiday sales on Tuesday, but forecast full-year earnings below Wall Street estimates as concerns about the health of the US economy mount.
Kohl's shares slump on disappointing outlook
Shares in Kohl’s tumbled on Tuesday, after the US retailer posted a slide in fourth-quarter sales and warned of another difficult year ahead.
Canadian oil groups Whitecap and Veren announce $15bn merger
Canadian oil producers Whitecap Resources and Veren have announced plans to merge in a $15bn deal that they say will create a "world-class energy producer".
Beacon Roofing Supply confirms $11bn merger talks with QXO
Shares in Beacon Roofing Supply were rising strongly in pre-market trade after the company confirmed merger talks with QXO which would see the tech group acquire the American building materials outfit for $11bn.