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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.

Business

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.

Business

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.

Business

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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Business

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

Mercedes profit driven down as demand slows in Chinese market

The German automaker is pledging to cut costs through 'efficiency increases' after weak Chinese demand hits profits.

Business

Deutsche Bank ordered to pay out over Postbank takeover

The higher court in Cologne has ordered Deutsche Bank to pay further compensation to Postbank investors who claimed that the bank underpaid them when it took over the German retail bank in 2010.

Business

Volvo's earnings slip as freight and construction activity slows

The Swedish manufacturer saw a drop in vehicle sales and is predicting little growth for 2025.

Business

Nike holds off guidance and investor day to allow CEO to find his feet

Nike is holding off giving guidance and has postponed investor day as it tries to give incoming CEO Elliott Hill a chance to review current strategies and plan future ones.

Business

Italy's Stellantis becomes latest car giant to issue profit warning

The struggling maker of Jeep and Ram is looking for a new CEO to succeed Carlos Taveres, who is under fire from US dealers and the United Auto Workers union after a dismal first-half financial performance.

Europe News

Paris Olympics: Will the Games boost the French economy?

With the Paris Olympic and Paralympic Games now concluded, France is left with a bill exceeding €8 billion for hosting the world’s biggest sporting event. The question remains: will the Games stimulate the French economy, or will the expenses outweigh the potential gains?

Business

Jewellery maker Pandora raises full-year growth guidance

The company recently opened its first flagship store in Copenhagen, and also launched its first lab-grown diamonds in Denmark.