Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California. Justin Sullivan | Getty ImagesAdidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its remaining Yeezy inventory.Currency-neutral sales in...
The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany.Arjun Kharpal | CNBCPorsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating...
British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year.Hannah Mckay | ReutersLONDON — Economists expect U.K. Finance Minister Jeremy Hunt to use a small fiscal windfall to deliver a modest package of tax cuts at his Spring Budget on Wednesday.Heading...
Mercedes-AMG GT 43 4MATIC+ on display at Brussels Expo on January 9, 2020 in Brussels, Belgium. Sjoerd Van Der Wal | Getty Images News | Getty ImagesMercedes-Benz shares gained around 5% on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program, despite...
An Airbus A340-313, operated by Universal Sky Carrier is landing at night in Barcelona, Spain.Nurphoto | Nurphoto | Getty ImagesLONDON — Rolls-Royce shares jumped more than 8% on Thursday after the British aerospace group more than doubled its annual profits in 2023 and forecast further momentum this year.Rolls-Royce, which...
LONDON - Nov. 5, 2020: Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square.Dan Kitwood | Getty Images News | Getty ImagesLONDON — Barclays on Tuesday reported a...
(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty ImagesGlobal auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of...
Passengers board on the TUI bus at Palma de Mallorca airport on June 18, 2020 in Palma de Mallorca, Spain.Clara Margais | Getty ImagesGerman travel giant TUI on Tuesday posted a quarterly profit of 6 million euros ($6.46 million), defying expectations on the back of upbeat travel demand.The swing...
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022.Wolfgang Rattay | ReutersSiemens Energy swung to profit in its first fiscal quarter on the back of a surge in orders and a one-off gain from selling a stake in its Indian affiliate to parent company Siemens.The German...
Fabrice Coffrini | Afp | Getty ImagesSwiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth up to $1 billion in the second half of the year.The group posted a net loss attributable to shareholders of $279 million for...