International Companies
BlackRock falls short of estimates as revenues slide
US asset manager BlackRock fell short of estimates on the Street in its last trading quarter as investment advisory and lending revenues dropped amid a rise in costs.
UK to leave Huawei out of telecoms review
The UK government is set to publish its results for the telecoms supply chain review, but will leave out its decision on Huawei’s future involvement in the 5G technology development.
Beter Bed reaches financial agreements with banks and major shareholders
Beter Bed Holding announced on Friday that it had reached agreement with its banks and major shareholders to facilitate its exit of German mattress discounter Matratzen Concord.
PepsiCo to buy South Africa's Pioneer Foods for $1.7bn
PepsiCo has agreed to buy South Africa’s Pioneer Foods Group for $1. 7bn.
Nordea boss warns of further job cuts
Nordea Bank on Friday it would have to axe more jobs to cut costs less than two years after sacking 6,000 staff.
AB InBev sells Australian business to Asahi
Anheuser-Busch InBev has agreed to sell its Australian operations to Japan's Asahi Group for an enterprise value of A$16bn (£9bn) to pay off debt.
Acacia Mining agrees £951m sale to Barrick Gold
Acacia Mining has agreed to be bought by Barrick Gold in a deal that values the UK gold miner at about £951m and concludes two months of fractious talks between the companies.
RBS CEO Ross McEwan to run National Australia Bank
Royal Bank of Scotland's departing chief executive, Ross McEwan, has been appointed to run National Australia Bank as the Australian lender seeks to rebuild its reputation.
Morgan Stanley earnings beat expectations after strong wealth management performance
Morgan Stanley on Thursday reported second quarter earnings and revenues ahead of analysts expectations following a strong performance from its wealth management business.
EC fines Qualcomm €242m over abuse of market position
The European Commission fined US chipmaker Qualcomm €242m for abusing its market dominance in 3G baseband chipsets and selling below cost in order to force competitors out of the market.
SAP's Q2 operating profit falls short of expectations
German software company SAP was under pressure on Thursday as its second-quarter operating profit missed analysts' expectations.
IBM's quarterly income tops expectations
IBM shares advanced in extended trading after the tech giant turned in quarterly income estimates ahead of estimates on the Street.
Netflix shares under pressure following massive miss on new subscriber growth
Netflix shares slid more than 10% in after-hours trading on Wednesday after falling short of forecasts for subscriber growth by a mile.
Google suspends Viagogo as an advertiser in search rankings
Google suspended ticketing company Viagogo from advertising its site on paid-for global search rankings.
Bank of America's Q2 profits beat forecasts
Bank of America reported second quarter profit growth on Wednesday that beat analysts' estimates as the banking giant's consumer banking division drove growth.
AMSL cheers investors with above-guidance second-quarter numbers
Shares in ASML sparked 5% on Wednesday, after the Dutch semiconductor equipment specialist predicted a year of growth despite a dip in second-quarter sales.
JP Morgan Chase beats expectations
JP Morgan Chase beat analysts' expectations with its latest quarterly earnings, helped by an income tax benefit that boosted its results by $768m.
Goldman Sachs beats analysts' forecasts despite slide in revenues
Goldman Sachs cheered Wall Street on Tuesday after its second-quarter numbers beat analyst expectations.
Tesla drops Model X and S variants and cuts prices
In a new attempt at boosting sales, Tesla has dropped the standard-range variants of its Model X and Model S from its product lineup and lowered prices across its range.
Ryanair cuts summer 2020 forecasts due to delays in Boeing Max deliveries
Ryanair updated its projections for capacity growth in the winter of 2019 and the summer of 2020 following delays in deliveries of its new Boeing 737 Max jets.