Profits

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American companies in China report record-low profits
Finance

American companies in China report record-low profits

By
September 12, 2024
The CEO of German industrial conglomerate Siemens Roland Busch delivers a speech prior to the ceremony for the laying of the corner stone for "Siemensstadt Square", a new Siemens project in Berlin, on June 25, 2024. "Siemensstadt Square" is meant to become a sustainable place of the future on one million square meters, where new constructions complement the heritage-protected buildings, by adding spaces for production, research living and social infrastructure. (Photo by RALF HIRSCHBERGER / AFP) (Photo by RALF HIRSCHBERGER/AFP via Getty Images)
Finance

German giant Siemens beat profit estimates on the back of AI boom and demand for electrification

By
August 9, 2024
Lars Fruergaard Jorgensen, chief executive officer of Novo Nordisk, speaks during a Bloomberg Television interview in New York, US, on Wednesday, Aug. 10, 2022. Two more factories will begin producing Novo Nordisk A/S's obesity medication Wegovy next year after manufacturing issues and high demand left the drug in short supply, Jorgensen said. Photographer: Christopher Goodney/Bloomberg via Getty Images
Retail

Europe’s most valuable company Novo Nordisk reports an uptick in profits as demand for weight-loss drugs continues to grow

By
August 7, 2024
a person looking at a checked jacket at a store window
Retail

Can iconic coat maker Burberry ever recover from CEO departures, a stodgy turnaround plan, and a 64% share decline in a year?

By
July 15, 2024
A display of Omega SA watches in the window of a Watches of Switzerland Group Plc store on Regent Street in London, UK, on Wednesday, Aug. 30, 2023. One of Watches of Switzerland Group Plc's biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a rival, Bucherer AG. Photographer: Jose Sarmento Matos/Bloomberg via Getty Images
Finance

Omega owner Swatch Group’s moment has passed as profits drop 70% in 6 months: ‘The big impact is really mainly China’

By Andy Hoffman and Bloomberg
July 15, 2024
Mike Sievert, CEO of T-Mobile.
Leadership

T-Mobile’s CEO shares the management shift that vaulted the company from a $6B to $195B telecom giant

By
June 21, 2024
Manfred Knof, chief executive officer of Commerzbank AG.
Finance

Commerzbank posts decade-high quarterly earnings on high interest and low bank levies, as it seeks to boost fee income

By Arno Schütze and Bloomberg
May 15, 2024
Luis Gallego, chief executive officer of International Airlines Group (IAG)
Finance

British Airways owner IAG predicts a summer travel boom as Q1 profits soar

By Charlotte Ryan and Bloomberg
May 10, 2024
Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group AG.
Tech

Mercedes back-pedals on 2030 electrification target as EV sales slow 

By Wilfried Eckl-Dorna and Bloomberg
May 8, 2024
A NatWest Group Plc bank branch in the City of London, UK,
Finance

High interest rates aren’t helping banks as they did before—just ask NatWest, whose profits fell 27% in the first quarter

By William Shaw and Bloomberg
April 26, 2024
People shopping at Primark
Retail

Primark owner AB Foods expects ‘significant growth’ in profits for 2024 as inflation eases in recession-affected markets like the U.K.

By Jennifer Creery, Deirdre Hipwell and Bloomberg
April 23, 2024
Yeezy Foam shoes are seen at a store in Krakow, Poland
Retail

Adidas predicts profit boost due to strong demand for the classic Samba – whilst continuing to shed Yeezy stock

By Tim Loh and Bloomberg
April 17, 2024
Ije Nwokorie
Retail

Dr Martens appoints former Apple senior director as CEO; amid bleak earnings

By Chloé Meley and Bloomberg
April 16, 2024
A logo sits on display above a Tesco Plc supermarket
Retail

Britain’s largest grocer sees profits soar as inflation falls 4.5% – despite ‘threats from all sorts of angles’

By Jennifer Creery and Bloomberg
April 10, 2024
Atlantic City casinos were less profitable in 2023 even with a boost from New Jersey’s booming online gambling market
Finance

Atlantic City casinos were less profitable in 2023 even with a boost from New Jersey’s booming online gambling market

By Wayne Parry and The Associated Press
April 9, 2024

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