The Mercedes-Benz high-performance 2007 R63 AMG model. Scott Olson | Getty Images News | Getty Images Daimler Truck achieved a record adjusted return on sales in its second quarter of 10.3% for its industrial business making trucks and buses, the company said on Tuesday, boosted by considerable growth in its North America and Asia business.…
The logo of Italian multinational oil and gas company is displayed on a fuel tanker truck parked outside an Eni petrol station in Cyprus’ capital Nicosia on September 9, 2022. Amir Makar | Afp | Getty Images Italian energy group Eni reported a 49% fall in its adjusted net profit in the second quarter because…
A sign outside a NatWest Group Plc bank branch in the City of London, UK, on Tuesday, July 25, 2023. Natwest is due to report first-half results on Friday, July 28. Photographer: Hollie Adams/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images NatWest reported a jump in first half profit on Friday, as it…
Standard Chartered upgraded its annual profit forecast on Friday and set a new $1 billion share buyback after a strong first-half performance, as rising rates and a record financial markets business propelled the lender’s margins. StanChart, which earns most of its revenue in Asia, said statutory pretax profit for the first six months of the…
A passenger airplane, operated by British Airways, a unit of International Consolidated Airlines Group SA (IAG). Bloomberg | Bloomberg | Getty Images IAG‘s quarterly profit beat analyst forecasts by 40% and the British Airways parent company said the outlook for summer travel was encouraging, although it warned it was “mindful” of uncertainty in the wider…
Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel reported second-quarter earnings on Thursday, showing a return to profitability after…
Customers enter a Sweetgreen restaurant on June 21, 2021 in Chicago, Illinois. Scott Olson | Getty Images Sweetgreen on Thursday reported quarterly sales that fell short of Wall Street’s expectations, but losses did narrow from the year-earlier period. The company also raised its forecast for restaurant-level margins and said it could break even on its…
A phone displaying the British Gas app. Nathan Stirk | Getty Images News | Getty Images Britain’s Centrica announced bumper returns for shareholders on Thursday after its first-half profits surged on an almost ten-fold increase at its British Gas supply business. The results come as millions of British households struggle to pay energy bills following a…
BNP Paribas, the euro zone’s biggest bank, beat estimates in the second quarter as the corporate debt financing business and strong cost management partly offset a slump in securities trading. The French lender’s net income fell 4.9% on a reported basis for the three-month period ended in June to 2.81 billion euros ($3.12 billion), beating…
A Chipotle restaurant in New York, US, on Monday, July 3, 2023. Jeenah Moon | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly earnings that crushed expectations, but the burrito chain’s sales fell short. The stock fell more than 9% in extended trading. Shares were up 50% this year through Wednesday’s close.…
