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Profits

Business

Lufthansa cuts profit forecast as annual fuel bill rises by €2 billion

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Business

AstraZeneca profit jumps 23% as it unveils major savings plan

AstraZeneca's net profit jumped 23% in the third quarter on booming sales of its cancer drugs, as the British drugmaker unveiled a programme to save $1.5 billion (€1.34bn) a year to invest back into developing new medicines.

30 October 2026

Business

BP profit quadruples as Iran war sends refining margins soaring

BP's net profit quadrupled between July and September as the Iran war sent refining margins and oil prices soaring, with the British energy giant beating forecasts and cutting its net debt by $8.4 billion (€7.5bn) ahead of a strategy update in December.

30 October 2026

Business

BNP Paribas downplays French debt exposure as profit beats forecasts

The French multinational bank BNP Paribas beat profit forecasts in the third quarter as revenue from equities trading surged 50%, and announced a €1.3 billion share buyback while playing down its exposure to French debt.

28 October 2026

Business

Mercedes-Benz cuts 2026 profit outlook amid China market struggles

Mercedes-Benz now expects its 2026 core profit to remain flat at €5.8 billion, abandoning its earlier forecast of 15% growth, further signaling the severe structural crisis threatening Germany's automotive industry.

27 October 2026

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Business

Volvo Cars announces 2,500 job cuts as it swings to quarterly loss

Chinese ownership has not shielded Volvo Cars from competition in China, as the Geely-owned carmaker steps up its turnaround efforts amid pressure from local rivals, US tariffs and the removal of EV incentives.

23 October 2026

Business

Barclays to cut 5,000 jobs as it turns to AI to improve efficiency

British bank Barclays said on Thursday it would cut around 5,000 jobs, or roughly 5% of its global workforce, by the end of 2026 as it turns to AI and other technology to streamline operations and improve efficiency.

22 October 2026

Business

ASML posts record sales and warns it can’t keep up with AI demand

Dutch equipment supplier ASML warned on Wednesday that its planned supply of machines will not fully meet customers’ AI-driven demand in 2027 and 2028, as it reported record quarterly sales of around €11.7 billion and lifted the lower end of its full-year sales forecast.

14 October 2026

Business

Big US banks beat earnings forecasts, but JPMorgan falls short

Wall Street's biggest banks reported another strong quarter on Tuesday, but they warned that higher rates and inflation could bite.

13 October 2026

Business

Samsung flags 783% profit jump to record $80bn as AI chip boom surges

Samsung Electronics estimated on Thursday that its third-quarter operating profit jumped almost ninefold to a record 107.4 trillion won, or $80.2 billion, while sales at Taiwan's TSMC hit a quarterly record, as the AI boom keeps demand for chips strong.

Business

Volkswagen investors back rapid overhaul to improve competitiveness

As Volkswagen continues to deal with tariff impact and rising competition from Chinese carmakers, taking drastic cost-cutting and strategy steps have become all the more crucial to maintain its market position.

Business

HSBC profit jumps as bank unveils major share buyback plan

British banking giant HSBC said on Tuesday it would buy back up to $1 billion (€0.86bn) of shares after reporting a sharp rise in first-half profit.

Business

Apple shares fall despite record revenue as outlook disappoints

Apple’s iPhone revenue jumped by almost 22% in the three months to June, but its forecast for the current quarter fell short of analysts’ expectations.

Business

Microsoft posts record profit on AI growth but Meta disappoints

Microsoft reported record quarterly profit and forecast accelerating Azure growth, while Meta’s profit and margins were hit by severance costs and legal expenses.

Business

Samsung profit surges 1,814% as AI chip demand soars

Operating profit at Samsung’s semiconductor division rose to more than 220 times its year-earlier level. However, the company warned that memory chip shortages could worsen next year as AI infrastructure expands rapidly.

Business

Porsche profit jumps 34% despite China slump and falling sales

Porsche maintained its full-year guidance as cost-cutting and stronger 911 sales lifted profit, despite a 32% fall in Chinese deliveries and plans to eliminate thousands of jobs by 2035.

Business

SK hynix net profit jumps over 1,000%, but shares slide

Despite record second-quarter profits fuelled by AI demand, SK hynix shares plunged as investors questioned whether the boom can last amid Middle East tensions.