By Dan Catchpole Boeing said on Tuesday that it had delivered 45 airplanes in January, up from 30 deliveries the previous month and the most deliveries in a month for the U.S. planemaker since 2023. The deliveries included 40 737 MAX aircraft, up from 25 delivered in the same month a year ago, when a …
Boeing says it delivered 45 aircraft in busiest January since 2023 Read More »
AMSTERDAM – Dutch cooperative bank Rabobank on Tuesday reported a record net profit of 5.16 billion euros ($5.34 billion) for 2024, up 18% from 4.38 billion euros in 2023, helped by higher interest rates in the U.S. and Europe, higher fees and commissions and fewer impairments on bad loans. The bank, best known internationally as …
Netherlands’ Rabobank reports 5.16 billion euro profit for 2024 Read More »
By Valentina Za MILAN (Reuters) -UniCredit CEO Andrea Orcel on Tuesday pledged to keep this year’s profit steady despite easing revenue, and said the Italian bank would decide whether to bid for Germany’s Commerzbank only in three to five quarters. An M&A veteran, Orcel last year set UniCredit onto an aggressive expansion path, buying 28% …
UniCredit CEO vows to keep 2025 profit steady as he sets no-M&A payout goals Read More »
By Anne Kauranen HELSINKI (Reuters) -Europe’s clean energy transition may slow down but will likely continue despite the U.S. cancelling its emissions-cutting commitments, Fortum’s CEO said on Tuesday as the Finnish utility reported softer-than-expected fourth-quarter earnings. Despite the uncertainty around climate goals created by U.S. President Donald Trump’s new administration, Markus Rauramo said he had …
Fortum says clean energy transition may slow, but not stop, in Europe Read More »
COPENHAGEN (Reuters) -Novonesis said on Tuesday that it had agreed to buy the stake of its partner, Swiss-Dutch chemical manufacturer DSM-Firmenich, in their joint enzymes venture for 1.5 billion euros ($1.55 billion). The Danish company, created from the merger of food ingredients and enzymes makers Novozymes and Chr. Hansen, said the so-called Feed Enzyme Alliance …
Novonesis to buy DSM-Firmenich’s stake in enzymes venture for $1.6 billion Read More »
By Seher Dareen (Reuters) -DuPont de Nemours on Tuesday forecast 2025 profit above Wall Street estimates on strong demand for electronics, sending shares of the industrial materials maker up nearly 7% in morning trading. A rapidly growing market for semiconductors used in artificial intelligence-based technology is benefiting DuPont, which supports advanced chip manufacturing, packaging and …
DuPont forecasts better-than-expected 2025 profit on strong electronics demand Read More »
SHANGHAI (Reuters) -Shares in Chinese automakers Xpeng and Geely Auto tumbled on Tuesday on concern they will struggle to compete against BYD’s move to offer free smart driving features on almost all of its models. Xpeng’s shares fell as much as 9.2% and Geely’s dropped as much as 11.4%, each enduring their biggest one-day percentage …
Xpeng, Geely shares fall after BYD offers free smart driving features Read More »
By Arunima Kumar (Reuters) -BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company’s strategy as it reported a 35% fall in annual profits, missing analysts’ expectations. The drop in profit to $8.9 billion follows weekend reports Elliott Investment Management has built a stake in the company, intensifying demands for strategic shifts. Auchincloss …
BP pledges strategy reset as annual profit falls by a third Read More »
LONDON (Reuters) – Britain’s Thames Water said it had received proposals from a number of parties as it seeks to raise new equity of over 3 billion pounds ($3.72 billion), part of a plan to stabilise its finances and fend off nationalisation. The country’s biggest water supplier, which has 18 billion pounds of debt and …
UK’s struggling Thames Water receives a number of bids for equity process Read More »
By Aishwarya Jain (Reuters) -Marriott International forecast 2025 profit below Wall Street estimates on Tuesday, hurt by poor performance at its hotels in Greater China, sending the hospitality chain’s shares down nearly 5%. Marriott forecast a full-year adjusted profit of $9.82 to $10.19 per share, below analysts’ expectations of $10.65 per share, according to data …
Marriott’s full-year profit forecast dampened by China slowdown Read More »
