International Companies
Heinz pledges to make all packaging recyclable by 2025
Kraft Heinz pledged on Tuesday to make all its packaging recyclable, reusable or compostable by 2025, stepping up its commitment to reducing its carbon emissions.
All eyes on Apple's third-quarter results
Analysts expect Apple to report solid results on Tuesday evening after the close of the markets, but any disappointment could lead to significant volatility on global stock markets.
Tyson Foods cuts profit forecasts as tariffs hurt sales
US meat processor Tyson Foods has cut its full-year profit forecast after recent changes to US trade policies and increased tariffs hurt earnings.
Amazon closes £600m public sector supply deal
Amazon has secured a £600m deal with the Yorkshire Purchasing Organization in which it has agreed to supply everything from paper clips to plasters for the public sector in Yorkshire. The deal includes schools, emergency services, local government and social care.
VBS customers still queuing to access funds after disaster bank fraud
Customers of South African bank VBS are still queuing outside local branches to try and access their funds after five bankers took at least 1. 5bn rand causing the bank to collapse in March this year.
IBM, Barclays and Citigroup to launch blockchain app store for banks
IMB has teamed up with the likes of Barclays and Citigroup to launch a blockchain platform for financial services, with the tech giant calling a proof-of-concept design called LedgerConnect.
Caterpillar raises full year profit outlook as Asia demand swells
Construction equipment manufacturer Caterpillar raised its profit outlook on Monday after its second quarter earnings almost doubled due to increased global demand.
Heineken cuts margin outlook after Brazilian hit
Dutch brewer Heineken disappointed investors by cutting full-year margin forecasts due to currency weakness in some more profitable markets and expansion in Brazil.
Disney and Fox shareholders approve merger deal
Shareholders approved Disney’s acquisition of 21st Century’s Fox film and television studios on Friday, which will pave the way for the House of Mouse to add Fox’s networks and intellectual property to its holdings.
Amazon breaks new all-hime high after storming second-quarter
Amazon stock hit an all-time high of $1,880. 05 on the back of second-quarter profits that beat Wall Street forecasts thanks to strong performance by the online retail giant’s non-retail divisions.
Twitter tumbles as monthly usage declines
Twitter shares tumbled in pre-market trade on Friday as the company said average monthly active users fell in the second quarter, although revenue beat expectations.
Facebook loses over $119bn of value after disappointing results
Over $119bn was wiped off Facebook’s market value, including a $17bn hit to the fortune of founder and CEO Mark Zuckerberg, after the company said user growth was expected to slow in coming months.
Beter Bed appoints Hugo van den Ochtend as its new CFO
Dutch bedroom furniture firm Beter Bed Holding announced on Friday that Hugo van den Ochtend would assume his position as its new chief financial officer on 1 September, succeeding Bart Koops, who was leaving the company effective 1 August.
Facebook flops after warning of revenue slowdown, margin squeeze
Facebook published disappointing second quarter results late overnight as the social media giant's revenues and user numbers fell short of expectations, while profits margins contracted as its battles to improve data protection and combat fake news.
Merlin theme parks to half-price tickets in Coke plastic recycling offer
UK theme parks such as Legoland and Thorpe Park owned by Merlin Entertainment have joined Coca-Cola in a recycling project that will offer tourists a half-price ticket to the park in exchange for used plastic bottles.
Ryanair could axe 300 jobs in Dublin fleet cuts
Low-cost airline Ryanair announced on Wednesday it plans on cutting its Dublin based fleet by 20% to 24 aircraft for the winter 2018 season and could axe 300 jobs in the process.
Former Fiat Chrysler CEO Sergio Marchionne dies aged 66
The former chief executive of Fiat Chrysler, Sergio Marchionne - credited with turning around the company's fortunes when he took on the job in 2004 - has died at the age of 66.
Deutsche Bank slashes jobs as second-quarter profit falls
Deutsche Bank said it was on track to cut more than 7,000 jobs by 2020 as profit fell in line with expectations in the second quarter.
Kit Kan't: Nestle loses four-fingered trademark battle
Nestle has lost a legal battle over the four-fingered shape of its Kit Kat chocolate bar.
Santander improves in UK in second quarter, Spain and capital disappoint
Banco Santander started off the bank results season in Spain and reported profits of €3. 7bn in the first half of the year, 4% more than in the same period in 2017.