International Companies
Apollo to buy IGT Gaming and Everi in $6.3bn deal
Apollo Global Management has agreed to buy International Game Technology’s gaming and digital business - IGT Gaming - and gambling machines firm Everi Holdings in a $6. 3bn cash deal.
Mercedes-Benz Q2 earnings fall as car sales slip
German automotive giant Mercedes Benz posted a sharp fall in adjusted earnings in its car division during Q2 as it continues to struggle with model changeovers and weakened Asian trading.
3M comfortably beats expectations for Q2 revenue, earnings
American industrial conglomerate 3M announced a strong set of second-quarter results on Friday, comfortably beating market expectations as it narrowed its guidance for the full-year towards the top end of its previous expectations.
KKR to buy Instructure Holdings in $4.8bn deal
Instructure Holdings said on Thursday that it has agreed to be bought by investment funds managed by KKR in a $4. 8bn cash deal.
American Airlines posts record quarterly revenue but slashes earnings outlook
American Airlines reported its highest-ever quarterly revenue for its second quarter on Thursday, at $14. 3bn, although that still fell short of its own expectations, as the airline also lowered its full-year earnings guidance.
Nestle cuts full-year sales outlook
Food giant Nestle slumped on Thursday after it cut its sales outlook for the year as pricing has come down "faster than expected".
UMG shares slide as subscription, streaming revenue disappoints
Shares in Universal Music Group (UMG) experienced their steepest slide since going public on Thursday, after the Amsterdam-traded company’s subscription and streaming revenue growth failed to meet investor expectations.
Kering first-half revenues drop, H2 operating income to fall 30%
Gucci owner Kering tumbled on Thursday after it posted a drop in first-half revenues and warned that operating income would drop in the second half.
Deutsche Bank halts buyback plan as H1 profits sink
Deutsche Bank shares tanked on Wednesday after the German bank paused its share buyback programme amid a sharp decline in first-half profits following a big charge relating to its 2010 takeover of Postbank.
Bosch snaps up heating and air con assets in $8bn deal
German technology group Bosch is to acquire the residential ventilation business of Johnson Controls International in an $8bn deal, it was announced on Tuesday.
SAP shares surge on Q2 cloud growth, job cuts
Shares in SAP surged 7% on Tuesday after the German enterprise software giant impressed with its second-quarter results, as revenue growth was bolstered by increasing momentum in the cloud and AI markets, while the company announced plans to cut more jobs.
Supply shortages to hit sales and margin at Porsche
Shares in Porsche came under pressure on Tuesday, after the luxury marque warned supply issues would likely dent its full-year numbers.
Julius Baer names Goldman Sachs partner CEO
Julius Bear Gruppe has named Goldman Sachs partner Stefan Bollinger chief executive, it was confirmed on Tuesday.
Wiz ends $23bn deal talks with Google - reports
Talks between Google-parent Alphabet and Israeli start-up Wiz have ended, it emerged on Tuesday, ending the prospect of a potential $23bn blockbuster deal.
Government to scrutinise £5.3bn Royal Mail takeover
The new Labour government is set to look closely at the £5. 3bn takeover of Royal Mail-owner International Distribution Services by Czech billionaire Daniel Kretinsky.
Vivendi to list French TV arm in London
Vivendi is to list its French TV business Canal+ on the London Stock Exchange, the European media conglomerate confirmed on Monday.
Anglo American Platinum on track despite profits fall
South Africa’s Anglo American Platinum said its restructuring programme remained on track on Monday, as it posted a sharp drop in half-year profits.
Ryanair sees profits slide, warns of softer fares
Ryanair Holdings posted a sharp fall in quarterly profits Monday and warned fares would likely be “materially” lower than last summer.
Chipmaker TSMC lifts sales guidance as AI boom continues
Apple and Nvidia supplier TSMC lifted its sales guidance for the full year on Thursday as demand for its chips continues to be supported by the ongoing AI boom.
Meta reportedly in talks to buy stake in Ray-Ban maker EssilorLuxottica
Facebook parent company Meta is reportedly in discussions to buy a 5% stake in Italian-French eyewear maker EssilorLuxottica as the social-media giant looks to deepen its ties with the company that makes its Ray-Ban Meta smart glasses.