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Business

Commerzbank reports profit surge as it fends off UniCredit bid

The German lender reported its ‘best quarterly result since the first quarter of 2011’ as it attempts to fend off Unicredit’s takeover efforts.

Business

BMW Group profits plunge but outlook maintained despite tariff impact

The German carmaker reported earnings below the previous year’s level but confirmed its financial targets for this year, and said it expects some of the US trade tariff increases to be temporary.

Business

Ferrari starts year with racing profit but warns of tariff impact

Luxury carmaker Ferrari reported a jump in its profits for the first three months of 2025, driven mostly by strong demand for personalised vehicles.

Business

Ford expects a €1.39bn hit from Donald Trump’s tariffs in 2025

The US-based company is one of the least affected carmakers hit by US trade tariffs, yet it pulled back its entire forecast for the year, citing uncertainty and potential supply chain disruptions.

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Business

Deutsche Bank posts robust results boosted by asset management

Higher growth in major divisions such as private banking and investment banking also contributed significantly to Deutsche Bank’s strong performance in the first quarter.

Business

Novartis posts better-than-expected sales driven by medicine demand

The Swiss pharma company also raised its full-year guidance, with sales expected to grow by high-single digits and core operating income set to grow by low double-digits.

Markets

Alphabet shares jump as Google Search advertising boosts growth

Alphabet shares jumped following strong quarterly earnings, as Google Search advertising delivered better-than-expected growth. Google Cloud, its key growth driver, also saw a sharp rise in profit as demand continued to outpace capacity.

Business

Volvo Group posts lower sales and profits as tariff uncertainty hits

The Swedish truck maker’s first-quarter earnings declined sharply due to its sales falling in all regions and in almost all segments, as increased uncertainty surrounding tariffs and their effect on global trade persists.

Business

Musk vows to step back from DOGE job and put more time into Tesla

Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits.

Business

Netflix profit jumps as price hikes and user growth beat estimates

Netflix’s first quarter earnings again topped analysts’ expectations, thanks to its price hikes across the board and higher-than-expected subscription growth. The company appears to be sheltered from the global trade routs, with the stock significantly outperforming peers this year.

Business

TSMC: Profit jump and steady outlook cools investor concerns

Contract chipmaker Taiwan Semiconductor Manufacturing Company’s net income was up by 60% in the first quarter, boosted by strong AI demand.

Business

Nvidia expects $5.5bn revenue hit as US curbs chip exports to China

Nvidia shares have fallen more than 5% in after-hours trading after the US said the chipmaker would require a licence to sell H20 chips to China.

Business

ASML misses order expectations as CEO warns of economic uncertainty

ASML reported net bookings that significantly missed analysts’ expectations in the first quarter, although it maintained its guidance for 2025. CEO Christophe Fouquet highlighted uncertainties around the macro environment and downside risks to the company’s performance this year.

Business

Financial giants JPMorgan Chase and Morgan Stanley see earnings jump

The robust earnings updates come as President Donald Trump’s tariffs have sent jitters through global markets this week.

Business

Rheinmetall sees profit jump as Europe prepares for military splurge

Germany’s Rheinmetall announces a 38% jump in net profit in 2024 and predicts a sales boost as Europe increases military capacity.

Business

Battery maker Northvolt files for bankruptcy in Sweden

Northvolt said it had faced “significant internal challenges in its ramp-up of production”.

Business

Volkswagen shares rise on outlook despite 2024 profit declining

Volkswagen AG concluded 2024 with lower operating results but slightly increased sales revenue. The carmaker presented its plans to navigate the challenges coming from the US and China, but they haven’t factored in tariffs for 2025.

Markets

DHL's shares soar 10% as it announces savings plan and job cuts

The German logistics company announced a cost-saving plan after a "challenging" year in 2024. However, investors applauded fourth-quarter results.

Business

Prada sales soar as it eyes Versace acquisition despite luxury crunch

Robust earnings place the brand in a stronger position to acquire Versace from Capri Holdings.

Markets

Rolls-Royce shares soar as jet maker announces buyback, fresh dividend

Performance had significantly improved in all core divisions, the British jet engine firm revealed in its annual financial report.