European leaders to visit US to discuss ending Ukraine war, says Trump
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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.
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.
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.
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%.
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France’s Credit Agricole sees 13% revenue growth in Q3
Credit Agricole has announced a 13% growth in revenues this quarter compared to last year, but it now has allegations of money laundering to contend with.
Nintendo profits jump after boost from Super Mario movie
Nintendo reported an 18% rise in net profit for its first fiscal half on Tuesday, as sales continued to get a boost from its hit Super Mario movie and the popularity of its software for various new video games.
Samsung profits at 8-year low, but hope is in sight
The South Korean tech company published its early estimates for the third quarter of 2023 on Wednesday, announcing a 78% drop in profits compared to the same time last year. The results are better than expected.
Bitcoin price rise pushes buoyant crypto market past $2 trillion
Putting the woes of the first quarter behind it, including the Ukraine war, a buoyant Bitcoin has helped push other cryptos up in value.
Bitcoin falls below $40,000 for first time since September
The world's most valuable crypto has once again plunged in value, briefing dipping below the $40,000 mark on Monday.
Investors get slice of Apple's pie
Apple Inc. reveals they're looking to reduce cash reserves to net zero
Apple frenzy back around the world for iPhone X
iPhone fans around the world have joined queues on the streets to be the first to get their hands on the new iPhone X
Philips Lighting IPO enjoys bright start
Philips Lighting enjoyed a positive first day of trading as a newly spun-off independent company.
H&M's April sales chilled out by unseasonably cold weather
H&M said unusually cold weather in several key markets led to a smaller than expected sales rise in April.
Banca Monte dei Paschi di Siena benefits from Q1 profit
Shares in Italy's Banca Monte dei Paschi di Siena got a little bit of a boost on Friday from its better-than-expected first-quarter profit of 93 million euros.
Netflix new subscriptions slow
New customer forecasts from Netflix are way short of what investors were expecting and so they punished the video streaming service with a sell off of its shares.
IBM's revenue still weak
IBM has reported its worst quarterly revenue in 14 years as income from newer services, such as cloud and mobile computing, failed to offset declines in its traditional businesses.
Ryanair profits on target despite lower fares, with more passengers and falling fuel costs
Low-cost airline Ryanair is forecasting record passenger numbers for 2016 and says it should attain its profit target even as it cuts ticket prices.
European shares fall at the end of a rough week for markets
A day of mixed trading in the markets. European shares fell on Friday with lingering worries about China leaving the region’s stock markets with
Spanish shares hit by inconclusive election outcome
The inconclusive Spanish election result hit the market in Madrid, where stocks hit their lowest levels in three months and government bonds rose
Arctic withdrawal pushes Royal Dutch Shell into loss
Royal Dutch Shell has reported a pre-tax loss of $9.1 billion (8.3 billion euros) in the third quarter, largely due to the cost of shelving several