Market results

Business

Rio Tinto sees steady earnings despite lower iron ore prices

Although Rio Tinto has been affected by lower iron ore demand from China, the world's second biggest miner managed to make robust progress on a number of projects in 2024.

20/02/2025

Business

Mining giant Glencore's annual results hit hard by fall in coal prices

Glencore also revealed it was considering moving its primary listing from the UK to New York, or elsewhere, to get the "right valuation".

19/02/2025

Business

Antofagasta records robust performance on soaring copper demand

Following strong performance in 2024, Antofagasta kept its production guidance for 2025 stable, expecting output to be between 660,000 and 700,000 tonnes this year.

18/02/2025

Business

Hermès bucks luxury sales slowdown and extends lead over rivals

After end of year results well above analyst predictions, the Paris-based luxury goods group continued to outperform rivals and bucked the trend in a depressed market place.

14/02/2025

Business

TUI Group sees robust demand for package holidays in late 2024

TUI Group had a strong performance in the last three months of 2024, boosted by increasing demand for short and medium-haul destinations.

11/02/2025

Business

Volvo CEO says 2025 will be a challenging year for motor industry

In a Euronews interview, the CEO of Volvo Cars warned that 2025 would be a tough one for the motor industry. He also shared his views on tariffs and the development of electric vehicle sales.

08/02/2025

Business

AstraZeneca reports strong results boosted by promising trials

AstraZeneca continued to see strong growth in 2024 on the back of a series of positive trials, as well as a solid pipeline of products.

06/02/2025

Business

Pernod Ricard cuts sales outlook on geopolitical uncertainties

Pernod Ricard, along with several other major European drinks brands, has been dealing with faltering sales due to increased global uncertainty and an unfavourable foreign exchange market.

06/02/2025

Business

Diageo plc warns of profits falling by millions if US tariffs go ahead

Diageo plc could be severely impacted by an escalating trade war in North America, as the market is currently its biggest source of net sales.

04/02/2025

Business

Deutsche Bank shares plunge as it drops 2025 cost target

Deutsche Bank posted lacklustre earnings in the last quarter of 2024, as higher litigation costs significantly eroded profit margins.

30/01/2025

Business

ASML reports boost in full-year sales as it shares outlook for 2025

ASML's robust results come at a time when the semiconductor and artificial intelligence (AI) market is reeling under the shock of new entrant DeepSeek, a new arrival from China.

29/01/2025

Business

LVMH sells Stella McCartney minority stake as luxury sector struggles

LVMH has already sold the streetwear fashion brand Off-White recently, as well as its stake in Cruise Line Holdings amid dampened global demand for luxury goods and falling Chinese sales.

28/01/2025

Business

EasyJet's losses ease as airline sees gain in year-end passengers

The airline says it has succeeded in narrowing headline pre-tax losses through cost-cutting measures and a rise in demand for package holidays.

22/01/2025

Business

Strong US demand helps Watches of Switzerland clock up revenue

Although luxury watch revenues saw a slight dip, mainly because of one-time rises in showroom stocks, the company reported an increase in demand from the US.

05/12/2024

Business

Adobe shares plunge on downbeat forecast and competition worries

Despite a robust fiscal year 2024 first quarter, the company anticipates a downturn in the second quarter as competition from other artificial intelligence companies grows.

15/03/2024

Business

Lego growth continues to slow down amid struggling toy market

The Danish toy manufacturer's 2023 revenue was up 2% compared with the previous year, reaching DKK 65.9 billion (€88.4 billion).

12/03/2024

Business

Porsche revs up for intro to new models but puts brake on profit hopes

German car maker Porsche reveals details of new versions of favourite models due for release this year as it adds electric sports car into the mix.

12/03/2024

Markets

Is the luxury goods market back to normal?

The global luxury goods market’s growth is back to normal, a new report shows. The post-pandemic rebound seems to be over, but numbers remain high with €1.5 trillion for the industry’s market projected in 2023.

14/11/2023

Business

Guinness manufacturer Diageo sees stock plunge on profit warning

Shares in Guinness beer maker Diageo plunged 15.44% in afternoon trade on Friday as investors reacted to the company’s latest earnings report.

10/11/2023

Markets

Wizz Air reduces income forecast amid difficult operating conditions

Low-cost airline Wizz Air has reduced its projections to the range of €350–€400 million, in an announcement that sent its share price down 8%.

09/11/2023