International Companies
Peloton announces CEO departure; to cut 15% of workforce
Peloton announced the departure of its chief executive on Thursday, alongside plans to cut around 15% of its workforce amid a restructuring programme aimed at reducing annual expenses by more than $200m.
Moderna bets big on RSV vaccine as full-year guidance unchanged
Moderna saw its share price surge on Thursday after posting a smaller-than-expected quarterly loss as the Covid vaccine maker sets its sights on regulatory approvals of its second product later in the year.
London cabbies launch £250m legal action against Uber
Uber Technologies is facing legal action on behalf of more than 10,500 London black cab drivers, it was confirmed on Thursday.
ArcelorMittal smashes profit forecasts in first quarter
Luxembourg-based steel titan ArcelorMittal beat forecasts with its first-quarter profits on Thursday as it painted a positive outlook for global steel demand.
German manufacturing downturn eases slightly - PMI
The downturn in Germany’s hard-pressed manufacturing sector eased marginally last month, a closely-watched survey showed on Thursday, although it remained in contraction.
Hugo Boss shares tank as APAC sales miss forecasts
Shares in Hugo Boss tanked on Thursday despite first-quarter results beating forecasts, as the German fashion group reported falling sales in the key market of China.
Maersk lifts profit guidance, expects Red Sea disruption to continue
Danish shipping and logistics giant A. P. Møller – Mærsk has lifted its 2024 profit guidance, saying that Red Sea disruptions are likely to continue for the rest of the year.
ING to return €2.5bn to shareholders
Dutch lender ING Groep said on Thursday that it will return €2. 5bn to shareholders following a "very strong" first quarter.
Universal artists to return to TikTok
Universal Music Group has ended its boycott of social media platform TikTok after the two groups struck a new licensing deal.
Novo Nordisk posts Q1 beat on strength of weight-loss drug
Danish pharmaceutical superstar Novo Nordisk beat first-quarter profit projections, it reported on Thursday, as demand for its blockbuster weight-loss drugs soared.
Johnson & Johnson proposes $6.5bn deal to settle talc claims
Johnson & Johnson has proposed a $6. 5bn deal to settle thousands of lawsuits claiming its talc products cause cancer, it was confirmed on Wednesday.
CVS Health shares fall on earnings miss, lowered outlook
Shares in pharmacy giant CVS Health were falling on Wednesday, after its first-quarter results fell short of expectations, with both revenue and adjusted earnings missing the mark.
Pfizer ups full-year earnings outlook
Pfizer raised its full-year earnings forecast on Wednesday, on the back of solid demand for its non-Covid products.
First-quarter earnings beat forecasts at Carlyle
The Carlyle Group reported an above-forecast jump in earnings on Wednesday, boosted by the sale of assets.
Asian markets drive Q1 revenue growth at Carlsberg
Danish brewing giant Carlsberg on Tuesday announced a DKK1. 0bn (£110m) share buyback after a solid start to 2024 with strong growth in Asia and Central and Eastern Europe.
Eli Lilly hikes sales guidance by $2bn, shares jump
Shares in Eli Lilly jumped on Wall Street on Tuesday after the American pharma giant beat quarterly profit forecasts and hiked its full-year sales guidance by $2bn, helped by surging demand for its weight-loss drug Zepbound.
First-quarter earnings fizz at Coca-Cola
The Coca-Cola Company lifted its annual sales forecast on Tuesday, after first-quarter numbers at the US giant topped expectations.
McDonald's delivers mixed Q1 results
Fast food giant McDonald's delivered mixed first-quarter results on Tuesday as restructuring costs weighed on profits.
Spain's BBVA approaches rival Sabadell regarding possible merger
Spain's second-largest lender BBVA has expressed its renewed interest in a takeover of its smaller rival Banco Sabadell.
Santander sees profits spark on higher interest rates
Banco Santander said on Tuesday that profits jumped in the first quarter, boosted by higher interest rates.