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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.

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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

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.

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

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".

Business

Italy’s UniCredit beats profit estimate as it continues takeover drive

The bank reported higher-than-expected profit but forecasts a modest revenue slowdown in the year ahead as net interest income falls.

Markets

Ones to watch next week: Investors eye BP, BAT, Barclays and NatWest

Here's what investors are eyeing on the markets next week, according to investment platform AJ Bell.

Business

Sabadell Bank raises shareholder payout promise as BBVA eyes takeover

The Spanish lender aims to offer shareholders €3.3 billion, including more than €1bn in buybacks this year.

Business

Santander announces buyback plan while CA also sees earnings rise

Spain's Santander has reported a record profit of €12.57bn and revealed plans for more share buybacks. France's Crédit Agricole, meanwhile, has recorded a rise in net income.

Business

Commerzbank announces share buyback and record earnings

The update comes as the bank is fending off a takeover from Italy’s UniCredit.

Business

General Motors revenue outshines hefty charges tied to China

General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.

Business

Troubled Boeing reports multi billion dollar loss at end of 2024

The US aircraft manufacturer closed last year with a steep loss and weak sales, according to preliminary figures released by the company.

Business

Ubisoft appoints advisors to explore options for a potential buyout

Ubisoft, the owner of the popular game Assassin’s Creed Shadows, announced it had appointed advisors to look at “strategic” options for a potential buyout deal.

Business

Mercedes-Benz may cut back on profit outlook as car market slows

The German car manufacturer Mercedes-Benz continues to struggle with a lacklustre auto market and weakening demand.