Articles by Erin Slifka

Rolls-Royce Holdings reported underlying operating profit of £1.6 billion on a surge in sales that were above-forecast, and said its strong order delivery last year gave it confidence in its 2024 guidance.

Anglo American posted lower full-year underlying earnings that were slightly above consensus but it trimmed its dividend after net profit missed forecasts on weak prices and as it booked $2.1 billion in impairments.

Mercedes-Benz warned that 2024 underlying earnings would be slightly below last year’s levels on stable revenue expectations, adding the auto market faced an uncertain economic backdrop and possible “unexpected developments” from geopolitics and trade policy.

Glencore’s full-year adjusted earnings came in at $17.1 billion after coal prices retreated from the record highs that followed Russia’s invasion of Ukraine.

BAE Systems said it expected sales to rise 10-12% this year as governments ramp up spending on military equipment, faced with escalating geopolitical tensions.

Rio Tinto reported a 19% decline in annual net profit and cut its payout to shareholders following a drop in aluminum and copper prices.