Knorr-Bremse Jumps on Profit Beat, Outlook Upgrade
Knorr-Bremse shares were up almost 7% after it reported better-than-expected results and issued guidance ahead of consensus forecasts. Source link
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Lloyds Banking To Start Buyback After Profit Beat
Lloyds Banking launched a $2.5 billion share buyback after its profits rose in the fourth quarter despite lower income and...
Anglo American Lower Profit Tops Hopes But Cuts Payout
Anglo American posted lower full-year underlying earnings that were slightly above consensus but it trimmed its dividend after net profit...
WPP Profits Hurt by Impairments
WPP’s full-year core profit slightly missed expectations and the advertising group guided for like-for-like revenue growth in 2024 of 0%...
Rolls-Royce Bullish on Outlook as Profits Jump
Rolls-Royce Holdings reported underlying operating profit of £1.6 billion on a surge in sales that were above-forecast, and said its...
Mercedes-Benz Warns on Outlook as Market Uncertainty Weighs
Mercedes-Benz warned that 2024 underlying earnings would be slightly below last year’s levels on stable revenue expectations, adding the auto...
Telefonica Earnings Top Forecasts
Telefonica reported better-than-expected underlying profits and revenue for the fourth quarter and forecast growth of 1%-2% this year. Source link
Danone Income, Margins Rise on Higher Volumes
Danone reported a 3.5% rise in annual recurring net income and higher margins on volume gains and said guidance for...
Axa Lifts Dividend, Launches Buyback
Axa announced a new share buyback, raised its dividend 16% on higher full-year earnings, and set out new financial targets...
Nvidia Sales Reach New Heights as Company Forecasts Bigger AI Boom
Quarterly sales tripled from a year ago, surpassing Wall Street’s heightened expectations, and Nvidia indicated momentum from the artificial-intelligence boom...
Fortescue First-Half Net Up 41%, Raises Dividend
Fortescue reported a 41% rise in first-half net profit and raised its midyear payout to shareholders, reflecting an increase in...
Chord Energy, Enerplus to Combine in $11 Billion Deal
Chord shareholders would control about two-thirds of the combined company, while Enerplus holders would control the remainder. Source link
BT Sells BT Tower to MCR Hotels
BT agreed to the sale of the iconic BT Tower in London for $347 million to MCR Hotels, the latest...
As Hybrids Become More Popular, Their Green Benefits Are Questioned
Automakers are battling with climate groups over how gas-electric vehicles are marketed as regulators prepare new emission rules. Source link
Glencore Earnings Tumble on Lower Energy Prices
Glencore’s full-year adjusted earnings came in at $17.1 billion after coal prices retreated from the record highs that followed Russia’s...
Planet Fitness Former CEO Rondeau Resigns From Board After Layoffs
Planet Fitness said in a regulatory filing that Rondeau’s resignation is believed to be because of various disagreements since he...
FuboTV Sues to Block ESPN, Warner and Fox Sports-Streaming Service
The lawsuit says the companies behind the planned platform have forced Fubo ‘to broadcast unwanted, expensive content.’ Source link
Walmart's Sales Rise as Prices Cool
Consumers continued to spend on groceries and other essentials, while pulling back on discretionary items. Source link
Billions Start Flowing to Chip Makers For New U.S. Factories
The Biden administration is pledging $1.5 billion in grants to GlobalFoundries in the first major award to revitalize the domestic...
Forvia to Cut Up to 10,000 Jobs in EV Shift
Forvia shares rose after it said it would save about €500 a year from 2028 through job cuts as the...
