International Companies
Universal Music impresses with strong Q4 subscription growth
Dutch-American music record label Universal Music Group impressed with its fourth-quarter results on Friday, with strong subscription revenues driving top-line growth above analysts' expectations.
Airbus sees deliveries decline by 18% in January-February
Airbus saw its aircraft deliveries fall at the start of 2025, as the company had previously anticipated.
Walgreens Boots Alliance to be bought by PE firm Sycamore in $10bn deal
Walgreens Boots Alliance has agreed to be bought by private equity firm Sycamore Partners in a $10bn deal.
Kroger beats Q4 expectations, but 2025 guidance disappoints
Kroger reported fourth-quarter earnings that exceeded Wall Street expectations on Thursday, although America’s largest grocer also delivered full-year 2025 guidance that came in slightly below analyst forecasts.
Eurozone retail sales continue to struggle
Retail sales fell in the Eurozone in January, official data showed on Thursday, as the European economy struggled to gain momentum.
Eurozone construction sector contracts sharply - PMI
The Eurozone’s troubled construction sector contracted sharply in February, a closely-watched survey showed on Thursday.
Campbell's cuts full-year guidance on soft snack sales
Campbell's shares were trading firmly lower on Wednesday after the American food manufacturer scaled back its full-year guidance after a weaker underlying performance in its second quarter.
CMA clears Microsoft's OpenAI partnership
Microsoft's $13. 0bn tie-up with OpenAI has been cleared by the UK's Competition and Markets Authority, with the watchdog stating the investment didn't meet the threshold for a full-scale merger investigation.
Abercrombie & Fitch slumps as guidance disappoints
Shares in Abercrombie & Fitch tumbled on Wednesday as the clothing retailer’s guidance disappointed.
Adidas reports strong Q4 sales, points to further growth in 2025
Sporting goods giant Adidas reported a strong end to 2024 with underlying revenues rising by nearly a fifth, with the company pointing to further growth in sales in 2025 with hopes to increase market share across all markets.
China braces for trade war as it eyes ambitious GDP growth
Beijing has unveiled ambitious economic growth targets for 2025, as it braces for an intensifying trade war with Washington.
Nordstrom beats forecasts with Q4 results
American department store chain Nordstrom delivered fourth-quarter results that beat market forecasts on Tuesday, resulting in full-year sales and profits at the high end of expectations.
Honeywell buys pump maker Sundyne for $2.2bn
American conglomerate Honeywell International on Tuesday announced the $2. 2bn acquisition of pumps and gas compressors manufacturer Sundyne from private equity firm Warburg Pincus.
Target beats Q4 forecasts, but warns of slow start to 2025
Target shares were falling sharply in pre-market trade on Tuesday despite the American retail giant posting a stronger-than-expected end to 2024, as the company guided to soft sales in February.
Indivior shrinks board following pressure from activist investor
Indivior has further overhauled its board, including reducing its size, following pressure from activist investor Oaktree Capital Management.
ON Semiconductor reportedly mulling Allegro takeover bid
ON Semiconductor is exploring a potential acquisition of Allegro MicroSystems, it emerged on Monday, as the chip sector looked to consolidate amid an uncertain demand outlook.
Kroger CEO McMullen resigns after personal conduct probe
US supermarket chain Kroger said on Monday that chairman and chief executive Rodney McMullen has resigned after a board investigation found that his personal conduct was "inconsistent" with the company’s "policy on business ethics".
Intel shares jump on reports of Nvidia, Broadcom chip testing
Intel's share price was surging on Monday on the back of reports that semiconductor giants Nvidia and Broadcom are testing chips on Intel's 18A manufacturing process.
Prada edging closer to €1.5bn deal to buy Versace - report
Prada is reportedly edging closer to a deal to buy Versace from Capri Holdings after agreeing to a price of nearly €1. 5bn.