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Porsche profit jumps 34% despite China slump and falling sales

Porsche maintained its full-year guidance as cost-cutting and stronger 911 sales lifted profit, despite a 32% fall in Chinese deliveries and plans to eliminate thousands of jobs by 2035.

Business

SK hynix net profit jumps over 1,000%, but shares slide

Despite record second-quarter profits fuelled by AI demand, SK hynix shares plunged as investors questioned whether the boom can last amid Middle East tensions.

Business

Mercedes-Benz cuts sales forecast as China troubles persist

German premium carmaker Mercedes-Benz reported a 22% rise in second-quarter operating profit but cut its full-year car sales forecast due to weakness in China.

Business

AstraZeneca quarterly net profit rises 2% on strong cancer drug sales

Strong cancer drug sales lifted Anglo-Swedish pharmaceutical giant AstraZeneca’s second-quarter earnings above expectations, helping the company maintain its 2026 outlook.

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Business

The world's most profitable airlines: Record earnings collide with war

The nine most profitable airlines on the planet earned a combined $25.11 billion (€22bn) in their latest annual results, with Emirates keeping its crown. However, the numbers largely reflect an industry snapshot moments before the Iran war changed everything.

Business

AI demand lifts Europe's biggest company ASML's sales forecast

Europe's biggest company by market capitalisation, ASML, continues to benefit from the AI boom after raising its full-year net sales forecast to between €43bn and €45bn. Investors welcomed the upgrade, sending the shares up more than 5%.

Markets

Samsung loses over $100 billion in market value despite record profit

Samsung Electronics has forecast a nineteen-fold leap in quarterly profit, its third record quarter in a row, yet investors responded by wiping more than $100 billion (€87.5bn) off the company's value amid doubts over how long the AI-driven memory boom can last.

Business

Micron posts record results as AI boom drives 15-fold jump in profit

The US chipmaker Micron Technology has reported quarterly revenue and profit far above Wall Street's expectations, as insatiable demand for the memory chips that power AI transformed the firm's fortunes.

Business

BMW warns of ‘significant’ profit decline as shares fall 7%

The German luxury carmaker lowered its profit outlook for 2026 as sales slump in China and the conflict in the Middle East weighs on energy prices and consumer confidence.

Business

Iran war fuel shock wipes out half of airline profits in 2026

Revenues are forecast to rise strongly and passenger traffic to hit new records, yet the global airline industry is seeing profits squeezed by an Iran war-driven jet fuel price shock, according to the industry's latest outlook.

Business

Remy Cointreau posts 35% profit drop, shares jump on recovery hopes

French drinks group Remy Cointreau reported a 35% drop in full-year net profit on Thursday as tariffs slammed sales in its key China and US markets. Despite this, shares soared more than 10% on Thursday morning.

Business

Zara owner Inditex defies Iran war concerns with strong sales

Inditex delivered first-quarter results that exceeded analyst forecasts, with net sales climbing 5.8% to €8.7 billion and the company signalling an even stronger start to the second quarter. The firm's stock has surged over 5%.

Business

EasyJet losses deepen as Iran war drives fuel costs higher

EasyJet reported wider first-half losses as the Iran war pushed up fuel costs and weakened demand. The airline warned of continued pressure from higher prices and softer summer bookings despite strong growth in its holidays business.

Business

Nvidia shares dip despite 85% revenue surge and strong outlook

The world's most valuable company beat forecasts as revenues jumped 85%. Yet rising competition and efforts to diversify beyond big tech left investors cautious, sending shares lower in late trading.

Business

Ryanair profits surge 40% to record €2.26 billion despite fuel crisis

Europe’s largest low-cost airline posted record annual profits as rising fares and sustained travel demand helped offset aircraft delivery delays and mounting uncertainty in global fuel markets due to the Iran war.

Business

Saudi Aramco profits jump 25% as Iran war drives oil prices higher

Saudi Aramco said Q1 profit rose 25% as the Iran war disrupted global oil supplies and pushed up prices. The company shifted some exports away from the Strait of Hormuz via its East-West Pipeline, which is now operating at full capacity.

Business

Shell profits surge as Iran war drives oil prices higher

Europe’s biggest energy company reported a jump in first-quarter profits as the war involving Iran and the effective closure of the Strait of Hormuz pushed oil and gas prices higher.

Business

Lufthansa hits record revenue as Iran war fuel costs eat into profits

The German airline group posted its highest-ever revenue in 2025 and improved its first-quarter results, but soaring jet fuel costs linked to the Iran war are forcing route cuts and pushing annual profit below initial forecasts.

Business

HSBC profits dip while UniCredit's rise in latest earnings reports

HSBC reported a slight contraction in profits while Italy's UniCredit surpassed market expectations as banking institutions navigate a complex landscape defined by geopolitical tensions.

Business

Volkswagen profit drops as carmaker signals further cost cuts

Volkswagen warned its future is at risk as profits fell sharply and it signalled deeper cost cuts. The carmaker is battling weak demand in China, rising competition, tariffs and pressure to simplify its complex structure.