Month: July 2024

Stellantis posted a steep drop in first-half net profit as its cars sat at dealerships in North America, prompting the company to consider price cuts.

The Swiss food producer said pricing was being pressured by increased promotional activity, among other things, and that it now expected to report organic sales growth of at least 3% this year, from around 4% previously.

STMicroelectronics slashed its sales and margin forecasts for the year once again as it continues to face lackluster demand for chips from the automotive industry.

Media titan seeks to amend trust through which he controls News Corp and Fox.

Australia’s Fortescue said its iron-ore shipments were broadly flat over the past year, as it grappled with setbacks including a derailment and heavy rain.

Vodafone reiterated its fiscal 2025 earnings guidance after it delivered higher revenue for the first quarter, boosted by strong growth in Africa and Turkey.

TotalEnergies said it expected third-quarter hydrocarbon production to remain largely unchanged from the second quarter, as it reported a fall in net profit for the three months to the end of June.

Unilever reported underlying sales growth in the first half that came in slightly below forecasts, but its shares rose as analysts cheered the improvement in its margins.

Anglo American posted a net loss in the first half on lower iron ore prices and sales and after it booked an impairment of $1.6 billion related to its crop-nutrients project in the U.K.

Julius Baer reported lower profits for the first half of 2024 as a rise in client assets and activity was offset by higher interest expenses.