Business

Nike teams up with Kim Kardashian's SKIMS for new athleisure venture

Nike is looking to appeal to more female customers through the new brand, as offerings for men account for more than half its sales.

19 February 2025

Business

Thyssenkrupp announces lower sales as shake-up plans proceed

Earnings increased despite weaker sales, thanks to the German firm’s efficiency drive. Meanwhile, Thyssenkrupp’s military-related units expect a boost from greater defence spending.

13 February 2025

Business

Commerzbank to cut jobs and boost profits in bid to fend off UniCredit

The German bank is seeking to bolster its financial strength as Italy’s UniCredit vies for a takeover.

13 February 2025

Business

Heineken shares climb as brewer announces strong profits and buyback

The Dutch brewer will buy back €1.5 billion of its shares over the next two years after recording better-than-expected revenue growth. Heineken nonetheless warned of "ongoing macro-economic challenges".

12 February 2025

Business

Italy’s UniCredit beats profit estimate as it continues takeover drive

The bank reported higher-than-expected profit but forecasts a modest revenue slowdown in the year ahead as net interest income falls.

11 February 2025

Markets

Ones to watch next week: Investors eye BP, BAT, Barclays and NatWest

Here's what investors are eyeing on the markets next week, according to investment platform AJ Bell.

7 February 2025

Business

Sabadell Bank raises shareholder payout promise as BBVA eyes takeover

The Spanish lender aims to offer shareholders €3.3 billion, including more than €1bn in buybacks this year.

7 February 2025

Business

Santander announces buyback plan while CA also sees earnings rise

Spain's Santander has reported a record profit of €12.57bn and revealed plans for more share buybacks. France's Crédit Agricole, meanwhile, has recorded a rise in net income.

5 February 2025

Business

Commerzbank announces share buyback and record earnings

The update comes as the bank is fending off a takeover from Italy’s UniCredit.

31 January 2025

Business

General Motors revenue outshines hefty charges tied to China

General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.

28 January 2025

Business

Troubled Boeing reports multi billion dollar loss at end of 2024

The US aircraft manufacturer closed last year with a steep loss and weak sales, according to preliminary figures released by the company.

24 January 2025

Business

Ubisoft appoints advisors to explore options for a potential buyout

Ubisoft, the owner of the popular game Assassin’s Creed Shadows, announced it had appointed advisors to look at “strategic” options for a potential buyout deal.

10 January 2025

Business

Mercedes-Benz may cut back on profit outlook as car market slows

The German car manufacturer Mercedes-Benz continues to struggle with a lacklustre auto market and weakening demand.

7 January 2025

Business

Strong US demand helps Watches of Switzerland clock up revenue

Although luxury watch revenues saw a slight dip, mainly because of one-time rises in showroom stocks, the company reported an increase in demand from the US.

5 December 2024

Business

Luxury carmaker Aston Martin issues a profit warning - again

Aston Martin is raising millions to invest in electrification, as well as in other areas, while its core profit is expected to fall short of 2023 levels.

28 November 2024

Business

EasyJet profit surges following record-breaking summer numbers

EasyJet has revealed its results for the year ended 30 September 2024, recording a substantial rise in profit, boosted by robust summer travel demand.

27 November 2024

Business

BMW: German car maker's profits tumble as sales plunge in China

The iconic German car maker is the latest car manufacturer to be hit by falling sales, including in China, where sales were down by almost 30%.

7 November 2024

Business

Schneider Electric appoints new CEO to take charge of strategy

The board of one of Europe's biggest tech companies has signalled it's looking for a change of direction with the unanimous decision to appoint company veteran Olivier Blum as Chief Executive Officer.

4 November 2024

Business

Ryanair profits fall amid Boeing delays and reduction in fares

The Irish budget carrier reported strong traffic, offset by lower air fares for the past six months.

4 November 2024

Business

TotalEnergies' profits hit by lower refining margins in Europe

French energy company TotalEnergies announced its third quarter results, posting a sharply lower net profit, as its European refining margins continued to suffer.

31 October 2024