By Radhika Anilkumar (Reuters) -Britain’s Metro Bank forecast a return to profit in the fourth quarter on Wednesday following cost-saving measures during the year and a cash injection from the sale of its residential mortgage book, sending its shares 20% up. Metro, launched in 2010 to challenge the dominance of Britain’s big banks, has been …
Metro Bank shares soar as lender sees return to profit in Q4 Read More »
By Pranav Kashyap (Reuters) -European shares climbed 1% on Wednesday, driven by a raft of corporate updates, while heavyweight ASML led overall gains on report that the Dutch chip equipment manufacturer would be exempted from a new U.S. rule on foreign chip equipment exports. The pan-European STOXX 600 index was trading at a two-week high …
European shares move 1% higher on ASML, earnings boost Read More »
MADRID (Reuters) – Spanish airport operator Aena’s first-half net profit rose 33% as passenger traffic expanded faster than expected, boosted by growth in tourist numbers visiting the country. The company in charge of Spanish airports and the world’s largest in terms of passengers, said on Wednesday it made a net profit of 808.6 million euros …
Spanish airport group Aena’s profit jumps 33% on tourist demand Read More »
By Tim Hepher PARIS (Reuters) – Airbus is facing a criminal investigation in Britain into potential violations of export control rules involving several of its British entities, the aerospace group said on Tuesday. The investigation emerged in footnotes to the company’s half-yearly earnings, which said Airbus was fully cooperating with the probe by Britain’s Revenue …
Airbus faces UK criminal probe over potential export control breach Read More »
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Advanced Micro Devices forecast third-quarter revenue above market estimates on Tuesday, banking on demand for its artificial intelligence chips staying strong. Shares of the Santa Clara, California-based company rose roughly 6% in extended trading. AMD benefits from large cloud operators buying the company’s AI and other chips. …
AMD forecasts third-quarter revenue above estimates on AI chip demand, shares rise Read More »
By Anandita Mehrotra (Reuters) -Aircraft parts maker Howmet Aerospace on Tuesday said customer Boeing Co was trimming orders for its best-selling programs, as the planemaker grapples with a safety crisis that has hit its production. But parts orders continue to be above actual 737 and 787 production rates, Howmet CEO John Plant said on an …
Howmet lifts financial forecasts, says Boeing trimming parts orders Read More »
By Aditya Soni, Yuvraj Malik and Anna Tong (Reuters) -Microsoft’s weaker-than-expected revenue growth in its Azure cloud business dragged its shares down 5% in after-hours trading on Tuesday, in another sign the payoff in hefty AI investments may take longer than first thought. Its results rocked a few other large tech stocks. Shares of Amazon.com …
Microsoft’s downbeat Azure growth sparks tech sell-off as AI payoff takes longer Read More »
(Reuters) – Stellantis has no intention of selling its luxury vehicle business Maserati or aggregating the unit with other Italian luxury groups, the Jeep maker said on Tuesday. “Stellantis restates unwavering commitment to Maserati’s bright future as the unique luxury brand of the 14 Stellantis brands,” the carmaker said in a statement, while also reaffirming …
Stellantis says no intention of selling Maserati, after CEO issues warning Read More »
(Reuters) -Pinterest forecast current-quarter revenue below Wall Street expectations on Tuesday, hurt by tough competition from larger social media platforms in a stabilizing digital advertising market. Its shares dropped 20.7% in extended trading. The image-sharing platform competes with the likes of TikTok and Meta Platforms-owned Facebook and Instagram – the preferred platforms for advertisers because …
Pinterest forecasts downbeat revenue as competition grows; shares slump Read More »
By Ron Bousso LONDON (Reuters) -BP increased its dividend and extended its share repurchasing programme on Tuesday as it reported a forecast beating second-quarter profit of $2.76 billion, with weak refining offset by stronger oil prices and retail. The result is likely to ease pressure on CEO Murray Auchincloss after BP fell short of profit …
BP raises dividend as $2.8 billion quarterly profit beats forecasts Read More »
