International Companies
Schroders Capital GIT joins Neurona Therapeutics funding round
Schroders Capital Global Innovation Trust announced an investment of $1. 6m (£1. 3m) in Neurona Therapeutics, a prominent US-based clinical-stage cell therapy company, on Friday.
Ubisoft shines as bookings beat forecasts
Shares in Ubisoft Entertainment powered up on Friday after the French gaming firm reported above-forecast quarterly bookings.
Coloplast shares surge as Danish medtech group delivers strong Q1
Danish medical device group Coloplast saw shares surge over 8% in Copenhagen on Friday after the company delivered high single-digit growth across all areas of the business in the first quarter.
L'Oreal slumps as Q4 sales miss expectations
L’Oreal shares slumped on Friday after the cosmetics group posted lower-than-expected fourth-quarter sales.
Hermes sees sales and profits surge, shares jump
Shares in Hermes International sparked on Friday after the French luxury goods firm posted strong sales growth and record profitability.
Arm shares jump over 50% as AI demand boosts Q3 results
US-listed shares in Arm Holdings surged by more than a half on Thursday in New York after the British semiconductor company reported record revenues for its third quarter, helped by strong demand for AI applications.
Kellogg to close major UK factory
Food manufacturer Kellogg has put hundreds of British jobs at risk after announcing the planned closure of one of its major UK factories.
ArcelorMittal shares gain on positive outlook after tough year
Shares in steel production giant ArcelorMittal gained in Amsterdam after the company pointed to a "more constructive" outlook for the industry following a challenging year in which profits shrunk by 90%.
Philip Morris outlook disappoints, shares dip
Philip Morris International posted below-forecast numbers on Thursday, on the back of higher costs and weaker-than-expected sales of heated tobacco products.
Fourth-quarter numbers beat forecasts at Apollo
Apollo Global Management posted above-forecast fourth-quarter numbers on Thursday, boosted by strong growth in retirement services.
Cohesity buys Veritas unit to create $7bn cyber firm
US data management company Veritas is selling its data protection unit to rival Cohesity, an American data security firm backed by SoftBank, Reuters announced late Wednesday.
Maersk suspends share buyback, warns on outlook
Maersk shares sank on Thursday after the shipping giant suspended its share buyback programme as it warned that oversupply and disruption in the Red Sea would impact earnings this year.
Societe Generale confident despite fall in full-year revenue
French banking giant Societe Generale reported full-year revenue of €25. 1bn in its results on Thursday, down 7. 6% year-on-year.
Uber manages to beat fourth-quarter revenue forecasts
Ride-hailing and food delivery behemoth Uber Technologies reported a 15% improvement in fourth-quarter revenue on Wednesday, to $9. 9bn, beating market expectations for revenue of $9. 8bn.
Ørsted cuts jobs, exits markets and pauses divi after challenging year
Danish energy giant Ørsted on Wednesday announced job cuts, a dividend suspension and the exit of several offshore markets after it swung to a net loss of more than DKK 20bn (£2. 3bn) in 2023.
Earnings slide at TotalEnergies as energy prices ease
TotalEnergies posted a decline in earnings on Wednesday, as oil and gas prices came off record highs.
DuPont beats expectations on fourth-quarter adjusted earnings
Shares in American chemicals giant DuPont were bouncing in premarket trading on Tuesday, after the parent company of brands including Kevlar, Tyvek and Styrofoam beat market expectations on profits and raised its dividend.
Novartis to take over MorphoSys in EUR 2.7bn deal, shares jump
Shares in German oncology biopharmaceutical specialist MorphoSys were surging on Tuesday morning, after Swiss pharma giant Novartis announced a deal to acquire it overnight.
Snap to cut 10% of workforce in restructuring move
Social media group Snap has announced plans to cut a tenth of its global workforce – thought to be around 500 people – as part of a restructuring plan that will cost between $55m and $75m.
McDonald's Q4 sales miss forecasts due to Middle East crisis
Shares in McDonald's slumped in New York on Monday after the fast-food giant missed analysts' forecasts with its fourth-quarter sales as geopolitical turmoil in the Middle East weighed on results.