Month: March 2024

Daimler Truck said it expected flat earnings this year after revenue improved in the fourth quarter and as underlying profits topped forecasts in 2023..

Pearson reported higher operating profits for 2023 that came within its guidance range, as sales fell, and it said it would extend its share buyback by a further $253 million.

ITV has sold its stake in digital subscription streaming service BritBox for $322 million and will return the proceeds to shareholders through a share buyback.

Tesla is rolling out more incentives to boost demand for its electric cars in China, the latest salvo in an ongoing price war in the world’s largest EV market.

Facebook owner Meta said the number of people in those countries using a dedicated tab for news on Facebook dropped more than 80% last year.

Investment firm MNC proposed buying the maker of sporting goods and ammunition for $35 a share in cash.

Tracy Britt Cool and her partners are on the hunt for midsize businesses with a competitive edge and have raised $220 million.

Kuehne + Nagel shares fell sharply after it reported below-forecast fourth-quarter earnings, with one analyst noting the company’s consensus estimates for 2024 could be downgraded by 10%.

Ryanair said it would make schedule cuts for the summer season after confirming it expected Boeing to deliver only 40 of the 57 aircraft it had ordered, resulting in a roughly 5 million reduction in passenger numbers in 2025.

Kuehne + Nagel shares fell sharply after it reported a steep drop in fourth-quarter earnings as logistics markets normalized, with one analyst noting the company’s volumes were lagging expectations.