International Companies
WK Kellogg beats Q4 profit estimates but sales fall short
American cereal manufacturer WK Kellogg delivered a mixed set of quarterly results on Tuesday as sales fell short of forecasts but profits smashed estimates.

TUI leads airline sector lower as summer sales slow
TUI shares were down almost 10% on Tuesday afternoon, after the Anglo-German leisure travel giant reported a slowdown in airline bookings for the summer season, raising concerns across the European travel sector.

Coca-Cola impresses in Q4 as demand, pricing improves
Coca-Cola's share price was rising strongly on Tuesday morning after fourth-quarter sales and profits from the soft drinks giant beat market forecasts on the back of improvements in pricing and volume growth.
Elliott said to have increased stake in Phillips 66
Activist Elliott Investment Management has reportedly built a more than $2. 5bn stake in Phillips 66 and plans to push the oil refiner to consider operational changes to boost its stagnant stock.

Elon Musk makes $97.4bn bid for OpenAI
A consortium led by billionaire Elon Musk has put in a $97. 4bn bid to purchase the non-profit organisation that controls artificial intelligence startup OpenAI, just months after he sued the firm in an attempt to lock it from transitioning to a for-profit business.

UniCredit reports stronger-than-expected Q4 earnings
UniCredit reported stronger-than-expected fourth-quarter earnings on Tuesday, allowing the Italian bank to raise shareholder returns even as it prepared for a slight revenue decline in 2025.

Kering beats forecasts as Q4 sales fall less than expected
Shares in Kering were rising in Paris on Tuesday after the French luxury goods firm reassured investors with better-than-expected fourth-quarter results despite ongoing struggles at Gucci.
Nokia appoints Intel’s Justin Hotard as CEO as Lundmark steps down
Nokia said on Monday that it has appointed Intel’s Justin Hotard as its next president and chief executive, as Pekka Lundmark plans to step down.

McDonalds Q4 earnings fall shy of estimates
Fast food giant McDonald's reported quarterly earnings that just fell short of expectations on Monday as revenues dropped on the back of a decline in same-store sales in the US.

Shein considering lower IPO valuation - report
Fast fashion retailer Shein is poised to slash its valuation in a potential London listing, it was reported on Friday.

Amazon shares ease as results disappoint
Shares in Amazon came under pressure on Friday after fourth-quarter numbers from the US tech giant disappointed.

Banco de Sabadell hikes shareholder distribution target, Q4 net profits surge
Spanish financial services giant Banco de Sabadell hiked its shareholder distribution target on Friday as it looks to fend off a takeover attempt by rival BBVA.
Taqa considering new approach for Spain’s Naturgy - report
Abu Dhabi National Energy Co. is reportedly considering reviving a plan to buy a stake in €23bn Spanish utility Naturgy Energy Group.

German industrial production slumps by more than expected
German industrial production slumped in December, official data showed on Friday, as Europe’s biggest economy ended 2024 on the back foot.

Peloton raises full-year guidance after Q2 beat
Peloton's share price raced ahead on Thursday after the fitness equipment maker impressed with a strong set of second-quarter sales figures an upgrade to full-year forecasts.

Weight-loss drugs swell revenues at Eli Lilly
Eli Lilly and Company posted a surge in fourth-quarter revenues on Thursday, fuelled by strong demand for its blockbuster diabetes and weight-loss drugs.

Maersk shares surge despite weaker 2025 earnings outlook on tariff fears
Shares in Danish shipping giant Maersk surged on Thursday after the firm posted better-than-expected fourth-quarter profits, but warned annual earnings would be lower due to geopolitical uncertainties such as US tariffs.

Honeywell to break itself up in three-way split
US industrial conglomerate Honeywell is to break itself up, it was confirmed on Thursday, following pressure from activist investor Elliott Investment Management.

Carlsberg 'satisfied' with solid 2024, but growth to slow this year
Danish brewing titan Carlsberg on Thursday posted annual profit growth at the top end of guidance, with the stock rising strongly as investors shrugged off forecasts for a slight slowdown this year.

Honda merger talks with Nissan 'basically over' - report
The planned mega-merger between auto giants Honda and Nissan appeared to have run off the road after disagreements on how it should be structured, media reports stated on Thursday.