International Companies
Exxon Mobil posts mixed Q4 numbers but strong cash flow
Exxon Mobil posted a mixed set of quarterly results albeit accompanied by hefty cash flows.
Pfizer posts record FY revenues, issues disappointing guidance
Drug maker Pfizer reported record-breaking full-year revenues on Tuesday but cautioned that 2023 sales could fall as much as a third.
Losses mount at Spotify as costs jump
Spotify fell deeper into the red in the fourth quarter, the music streaming service confirmed on Tuesday, as costs mounted.
McDonald's Q4 earnings and revenue top estimates
Fast food giant McDonald's revealed on Tuesday that US customer numbers had grown in the fourth quarter, leading to earnings and revenues that topped Wall Street estimates.
UBS posts better-than-expected Q4 profits, announces share buyback
UBS posted better-than-expected fourth quarter numbers despite what it termed a "difficult macroeconomic and geopolitical environment".
Johnson Matthey inks long-term supply and development agreement with Plug Power
Johnson Matthey inked a long-term strategic partnership to supply Plug Power with the advanced materials necessary for its fuel cells and electrolysers from 2023.
Facebook looks to block UK lawsuit
Facebook owner Meta Platforms is looking to have a collective lawsuit that was brought against it in London thrown out, it was reported on Monday.
Lidl boosts spending on UK suppliers
Lidl is to invest a further £2bn in British food suppliers, the German discounter announced on Monday.
LVMH, L’Oreal mulling bids for Aesop - report
LVMH and L’Oréal are reportedly among the luxury consumer companies weighing offers for a stake in Aesop that may value the high-end cosmetics brand at $2bn or more.
Philips to cut 6,000 jobs as it looks to restore profitability
Technology company Philips will cut as many as 6,000 jobs in an effort to restore profitability after its respiratory devices were recalled, wiping out roughly 70% of its market value.
Chevron Q4 profits miss even as revenues beat expectations
Oil company Chevron posted fourth-quarter profits that fell short of estimates on Friday, even as revenues came in ahead of what analysts had been expecting.
American Express Q4 earnings miss, issues upbeat FY guidance
Financial services giant American Express fell short of expectations with its fourth-quarter earnings on Friday but delivered an upbeat outlook for the coming year,.
Higher costs hit profits at H&M
Operating profits at Hennes & Mauritz fell sharply in the fourth quarter, the Swedish fashion giant said on Friday, as costs mounted.
Boeing's Q4 profits miss, but company beats on free cash flows
Boeing missed analysts' estimates for both its top and bottom line growth in its fourth quarter.
Microsoft looking into global cloud outage
Microsoft said on Wednesday that it was investigating an outage that hit the US tech firm’s cloud platform, Azure, Teams messaging, its videoconference service, Outlook and Word and Excel programmes.
UK’s CMA to probe Broadcom’s acquisition of VMware
The UK’s Competition and Markets Authority said on Wednesday that it has begun the first phase of an investigation into Broadcom’s $61bn takeover of VMware.
Australia's Recharge signals interest in Britishvolt
An Australian firm has made an offer for collapsed battery producer Britishvolt, it was reported on Wednesday.
Lockheed Martin posts Q4 earnings beat
Weapons maker Lockheed Martin issued disappointing full-year guidance on Tuesday despite beating Wall Street estimates with its fourth-quarter earnings.
Johnson & Johnson boosts full-year guidance
Johnson & Johnson increased its full-year earnings guidance on Tuesday, helped by strong demand for its cancer drugs.
3M Q4 earnings fall short of expectations, announces job cuts
Manufacturing giant 3M posted quarterly earnings that fell short of expectations on Tuesday and announced that it will cut approximately 2,500 jobs.