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.…
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Images Meta will report second-quarter earnings after market close on Wednesday. Here are the key numbers to watch: Earnings: $2.91 per share expected, according to…
A pedestrian walks by a sign posted in front of an AT&T store on June 20, 2023 in San Francisco, California. Justin Sullivan | Getty Images AT&T on Wednesday handily beat estimates for second-quarter free cash flow as efforts to lower costs and attract wireless monthly paying subscribers with cheaper plans paid off. The telecom…
A Rolls Royce jet engine on display at the Rolls-Royce aircraft jet engine production and repair facility in Blankenfelde on February 28, 2023 near Berlin, Germany. Omer Messinger | Getty Images News | Getty Images LONDON — Shares of Rolls-Royce rocketed to their highest level since the start of the pandemic Wednesday morning after the…
A Santander office building in London. Luke MacGregor | Bloomberg via Getty Images Spain’s Santander on Wednesday said its net profit in the second quarter rose 14% year-on-year to 2.67 billion euros ($2.95 billion), as higher interest rates in Europe, mainly in Spain, offset some weakness in Brazil and the United States. Net profit topped…
Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments. The manufacturer of Jeep, Dodge, Peugeot and other brands recorded second-quarter net revenues of 98.4 billion euros ($108.8 billion) and a net profit of 10.9 billion euros. The company…
A logo on the UniCredit SpA headquarters in Milan, Italy, on Saturday Jan. 22, 2022. Bloomberg | Getty Images Italian bank UniCredit on Wednesday raised its net profit and shareholder reward targets for the year after posting much stronger than expected quarterly results as higher rates lifted revenues. UniCredit said it now expects a 2023…
Co-founder and CEO of Snap Inc. Evan Spiegel holds up a Pixy drone while speaking during the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris, France June 17, 2022. Benoit Tessier | Reuters Snap shares tumbled over 16% after the company reported guidance for its current…
