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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.

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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.

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Commerzbank announces share buyback and record earnings

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

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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.

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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.

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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.

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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.

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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.

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Luxury carmaker Aston Martin issues a profit warning - again

Aston Martin is raising millions to invest in electrification, as well as in other areas, while its core profit is expected to fall short of 2023 levels.

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EasyJet profit surges following record-breaking summer numbers

EasyJet has revealed its results for the year ended 30 September 2024, recording a substantial rise in profit, boosted by robust summer travel demand.

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BMW: German car maker's profits tumble as sales plunge in China

The iconic German car maker is the latest car manufacturer to be hit by falling sales, including in China, where sales were down by almost 30%.

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Schneider Electric appoints new CEO to take charge of strategy

The board of one of Europe's biggest tech companies has signalled it's looking for a change of direction with the unanimous decision to appoint company veteran Olivier Blum as Chief Executive Officer.

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Ryanair profits fall amid Boeing delays and reduction in fares

The Irish budget carrier reported strong traffic, offset by lower air fares for the past six months.

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TotalEnergies' profits hit by lower refining margins in Europe

French energy company TotalEnergies announced its third quarter results, posting a sharply lower net profit, as its European refining margins continued to suffer.

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Stellantis revenue plunges as falling EU and US sales hit car giant

Europe's second-largest car maker, Stellantis, reported that its net revenues slumped by 27% in its latest earnings update as it aims to slim down its inventory and launch new products.

Business

BNP Paribas records boost in net income on strong corporate banking

French banking giant BNP Paribas has announced its third quarter 2024 earnings, posting a higher net income as its corporate and institutional banking department continues to experience robust performance.

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Swiss banking giant UBS beats forecasts with leap in profits

High profit and progress on the integrations of collapsed competitor Credit Suisse were the key takeaways of the bank’s quarterly report.

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Robust retail business gives boost to Banco Santander

Banco Santander's revenue increases, as the bank’s retail, wealth, consumer and payments branches all record strong growth.

Business

Pharma giant Novartis raises forecast on strong drugs demand

The Swiss company reported a strong performance and a major boost in sales of its products.

Business

Lufthansa Group reports stronger earnings after healthy summer travel

Lufthansa Group has announced an increase in revenue for the past quarter, boosted by robust summer travel demand. However, cost surges and delays in aircraft deliveries continued to affect the group.