BMW’s auto unit reported slightly lower-than-forecast profitability in the second quarter as revenue was weighed by heightened competition and weaker consumer sentiment in China.
Category: Business
Rolls-Royce Lifts Outlook After Profits Jump
Rolls-Royce raised its full-year guidance and said it would reinstate dividends after its earnings jumped in the first half, lifting the stock to a record […]
Societe Generale’s Equities Boost Offset by Weak French Retail Outlook
Societe Generale shares slumped as the French bank’s weakness in its domestic retail business overshadowed better equities market dynamics that helped its second-quarter earnings top […]
ArcelorMittal Trims Steel Outlook After Earnings Slump
ArcelorMittal reported a 38% fall in second-quarter earnings on lower steel prices and shipments but said it expected demand to improve in the second half […]
Shell Launches $3.5 Billion Buyback After Earnings Beat
Shell said its second-quarter earnings came in ahead of expectations, and that it would buy back $3.5 billion of shares this quarter.
The Era of Rapidly Rising Food Prices Is Over
Companies are dangling $5 burger meals and flakier biscuits to encourage consumer spending while trying to keep profits steady.
Barclays Lifts Net Interest Income View After Earnings Beat
Barclays raised its net interest income guidance for the full-year and reiterated its 2024 and 2026 outlook for other metrics after second-quarter earnings beat expectations.
BAE Systems Lifts Guidance After Sales Jump
BAE Systems raised its full-year guidance after it reported a 13% rise in sales for the first half as defence spending was high across its […]
Temu Suppliers Protest in China, Saying Low-Cost Site Squeezes Them
Suppliers said that many merchants on the shopping platform have shut down factories and incurred debts after it started imposing hefty penalties over what was […]
Danone Keeps Outlook as Consumers Welcome Lower Prices
Danone backed its full-year sales guidance as it eased the pace of price hikes and saw shoppers begin to buy more of its branded products.