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Business

CEO pay levels rocket - up almost 200 times on the average earner

Broadcom CEO Hock Tan tops the list of AP's highest earners with a pay deal that came in at around $162 million (€149 million).

Business

Telecoms firm Iliad records strong results driven by French market

The company, which also operates in Italy and Poland, saw its most dramatic quarterly revenue increase in France in nearly 10 years.

Business

Italian insurer Generali sees strong life insurance revenue in Q1 2024

The insurance company saw robust performance across the board, but especially in the property-casualty insurance sector.

Business

Commerzbank notes highest numbers in more than a decade

Although the current higher interest rate environment is favourable for Commerzbank, things could change if the European Central Bank decides to cut rates this summer.

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Business

Allianz, Europe's largest insurer, sees double-digit jump in profits

Profits at the German insurance group were driven by its property-casualty segment, which benefited from higher prices and relatively benign claims from natural catastrophes.

Business

Headache for Bayer as results show fall in Q1 sales and earnings

Mixed earnings results from the German Bayer Group put the pharmaceutical giant's share prices on a rollercoaster ride in Tuesday's early trading.

Business

IAG profits soar in first quarter as tourists return to the skies

A recovery in the business travel market and increased numbers of holidaymakers flying for winter breaks to the Caribbean all contributed to a major increase in profits.

Business

Munich Re stock rises as company cheers investors with latest earnings

A stronger operational performance and less major-loss expenses than previously thought contributed to Munich Re's latest financial results.

Business

BP pledge to cuts costs as profits fall below expectations

Energy giant BP is to launch a major cost-cutting programme after Q1 profits were hit by falling gas prices and a refinery outage and earnings fell short of analyst forecasts.

Business

UBS returns to profit for the first time since Credit Suisse takeover

The Swiss banking giant's shares were up more than 9% after the earnings report.

Business

Spanish defence firm Indra sees first quarter profits surge 40%

The company also saw good progress in implementing its strategic plan, as well as increased growth in its key defence and Minsait branches.

Business

Boost for Adidas profits as Sunak puts his foot in Samba trainers

UK Prime Minister Rishi Sunak was widely teased for wearing the Adidas Samba trainers during an interview, with critics claiming he had made the trainer seem uncool.

Business

Lufthansa sees losses extend in Q1 weighed down by strikes

Despite a disappointing first quarter, the airline expects a record summer boosted by leisure as well as business travellers, leading to more plans to expand the company’s long-haul routes.

Business

Volkswagen Group sees Q1 earnings plummet as car sales stall

Mercedes-Benz also saw falling profits, as expected, due to changes in models and supply chain issues, while Stellantis also missed earnings expectations due to a poor product mix.

Markets

Back in profit: Barclays share price jumps nearly 5% on latest results

Shares in Barclays jumped on Thursday as the UK lender swung back to profit after reporting losses in the final three months of last year amid its efforts to restructure the bank's operations.

Business

Goldman Sachs profits surge ahead to beat forecasts

The Wall Street giant's investment banking and trading business drove the results past analysts' estimates.

Business

JPMorgan opens earnings season with profit rise and risk warning

JPMorgan reports a 6% rise in 1Q profits as bank earnings season begins. Wells Fargo profit falls.

Business

Czech power company profit reached €1.17 billion in 2023

CEZ said the profit exceeded its initial goal due to additional gains from commodity trading and reliable nuclear power plant production.

Economy

Merchandise: Which films are most in the pink for revenue?

Last year was a big year for the film industry and blockbusters such as Barbie and Oppenheimer. Older movies, too, still gain from the merch craze.

Business

First post-pandemic dividend for Lufthansa as profits soar

Europe's biggest airline says 2023 provided the third-best financial result in the history of the group.