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Business

Wizz Air sees income hit by engine issues and grounded aircraft

CEO József Váradi said the airline had shown resilience in a context where “rare challenges” had become “recurrent”.

Business

Volvo Cars sales plunge 12% in May as tariff challenges continue

Rising tariff uncertainty and higher material prices, among other factors, has resulted in several European car companies to implement drastic cost-cutting measures.

Business

Antonio Filosa named new Stellantis CEO as tariff fears rumble on

Former CEO Carlos Tavares resigned in December after the firm issued a profit warning on slumping sales in the US and Europe.

Business

EasyJet loss widens but UK budget airline confirms its 2025 targets

EasyJet’s shares fell after the British airline reported higher losses than a year ago despite increased revenues and strong traffic.

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Business

Ryanair faces turbulence as airfares decline while costs increase

The airline experienced a 7% drop in average fares for the past financial year, while operating costs such as staff expenses rose.

Business

Sony posts robust results as demand for music and games increases

Japanese technology and entertainment company Sony logged an 18% rise in profit for the fiscal year March ended 31 March as its music and video-game offerings experienced increased demand.

Business

Nissan to shed 20,000 jobs as Japanese automaker reports loss

Nissan is slashing about 15% of its global workforce, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended.

Business

Sixt shares plummet as firm remains unprofitable despite softer losses

The car rental and mobility firm also saw stagnating revenue in Germany, its home market.

Business

Munich Re reports wildfire losses but sticks with profit outlook

Germany’s reinsurance giant took a serious hit from the US wildfires, dragging down the company’s property and casualty reinsurance segments and almost halving Munich Re’s net earnings.

Business

Bayer shares soar as company records strong cancer drug demand

Bayer’s strong first quarter performance was mainly driven by its pharmaceuticals division, even as its crop-science branch lagged.

Business

UniCredit lifts outlook as it beats expectations with record profit

Italy’s second biggest lender posted its highest net profit ever for the first three months of 2025, the period that the bank called the ‘best quarter in history’ in its earnings report.

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.

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.