AB InBev Profits Rise on Inline Sales Growth

Anheuser-Busch InBev reported a rise in first-quarter underlying profits as organic revenue grew 2.6% and as volumes dropped by less than expected. 


 
Siemens Energy Lifts Guidance, Targets Gamesea Revamp

The company forecast revenue growth of 10%-12% and a free cash-flow of around EUR1 billion, and said it had initiated a restructuring of its wind business, replacing the unit's CEO in the process. 


 
BMW Keeps Outlook Despite Drop in Profits

BMW's key automotive unit reported slightly lower-than-forecast profits in the first quarter as manufacturing costs rose, but the group maintained its full-year guidance. 


 
BP Is Ready to Make Acquisitions. Why It's Looking Beyond Oil.

With prices of clean-energy companies in the doldrums, the British energy giant sees opportunity. 


 
Alstom to Cut Costs, Forecasts Higher Profits

Alstom said adjusted earnings rose 17% with an improved margin and guided for further profit growth in 2025, as it looks to cut overheads and procurement costs. 


 
KKR to Buy Perpetual's Units for Over $1 Billion

The Australian financial company will become a stand-alone, multi-boutique asset management business with the sale of its corporate trust and wealth management divisions to KKR. 


 
Toyota Projects Drop in Fiscal-Year Profit

Toyota Motor projected a drop in fiscal-year profit and announced a share buyback after posting a rise in fourth-quarter net profit, thanks partly to a weaker yen. 


 
HD Hyundai Marine Makes Strong Debut

The company's shares nearly doubled in their trading debut after it raised more than $540 million in South Korea's biggest initial public offering in more than two years. 


 
Elon Musk Dispatches Tesla's 'Fireman' to China Amid Slowing Sales

Tom Zhu, one of the three executives named on Tesla's website, is returning to China as the carmaker seeks to launch Autopilot features there. 


 
Reddit shares soar on revenue beat, narrower-than-expected loss in first post-IPO results

Reddit Inc. reported its first results as a public company Tuesday, with the social-media platform reporting better-than-expected revenue and a narrower-than-expected loss for the first quarter.


(END) Dow Jones Newswires

05-08-24 0515ET