English

Eleanor Butler

Business

Luxury carmaker Aston Martin to cut 170 jobs after another annual loss

Job losses are expected to save Aston Martin £25 million as it struggles with supply chain disruptions, inefficiencies, and weak Chinese demand.

Business

BP expected to scrap renewables targets as part of performance reset

Renewable output is set to become less of a priority, while the pledge to reduce oil and gas output may be officially abandoned.

Business

Apple to create 20,000 US jobs to shield operations against tariffs

The tech giant plans to spend $500 billion (€477.50bn) in the country over the next four years, bolstering domestic production as more tariffs loom.

Business

Shares soar in Just Eat Takeaway.com as Prosus announces acquisition

Prosus already holds stakes in food delivery operations in India, South America, and Southeast Asia.

ADVERTISEMENT

Markets

Amundi moves ETF from Luxembourg to Ireland due to favourable tax rule

Competition to host exchange-traded funds has been heating up between Luxembourg and Ireland, with both offering attractive investment perks.

Economy

French lawmakers back tax on ultra-rich proposed by Ecologist Party

Supporters say the levy would tackle inequality in France, although some fear the effect on investment, business expansion and jobs.

Business

Revolut CEO says hybrid work will remain despite return-to-office push

CEO Nikolay Storonsky told staff that Revolut would continue to prioritise flexible working, despite the planned opening of its new London office.

Business

Why is Turkey sending thousands of tonnes of eggs to US buyers?

A preliminary agreement between the two countries means 15,000 tonnes of eggs will be sent to the US by July.

Business

Airbus warns of delivery uncertainties but announces lift in revenue

The European planemaker offered up modest delivery targets but remains financially robust.

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.

Business

Philips stock tumbles as firm sees losses grow on weak Chinese demand

The healthcare technology group saw its stock fall more than 11% after missing sales growth expectations.

Business

BAE records sales boost and beats estimates as military spending rises

The defence group recorded a 14% year-on-year jump in sales and predicted a further increase as Europe bolsters its military capabilities.

Economy

BoE chief says collaboration is key to solving economic imbalances

Speaking in Brussels, Andrew Bailey warned that fragmentation was "bad for global growth" during a time of uncertainty.

Economy

Irish exports hit record high with pharmaceuticals showing major boost

The value of Irish goods exports in 2024 was up by 14%, a significant milestone as a potential US trade war looms.

Markets

European defence stocks surge as region's leaders plan spending boost

Investors are watching closely as European leaders hold an emergency meeting on regional security.

Economy

Eurozone records marginal GDP growth after forecasts of stagnation

Regional output was slightly better than previously thought, although the eurozone is still hampered by productivity woes.

Business

Porsche to cut almost 2,000 jobs in Germany as EV demand declines

The carmaker blamed the job losses on lacklustre demand for electric vehicles and “challenging geopolitical and economic conditions”.

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.

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.

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".

ADVERTISEMENT