- Adidas returns to net profit in the first quarter.
- Banco Santander reports Q1 earnings up 11%.
- Carlsberg says price increases have given 2024 a good start.
- Clariant reports lower first-quarter sales.
- Covestro beats first-quarter core earnings expectations.
- Glencore reports lower copper production in first quarter.
- HSBC reports quarterly earnings in line with expectations and will buy back $3 billion of shares. CEO Noel Quinn to leave, an unexpected announcement.
- Lufthansa expects to return to profit in first half after wave of strikes.
- Mercedes pledges to defend price levels after first-quarter profit decline.
- NXP Semiconductors gains 6% after Q1.
- Logitech improves fiscal Q4 revenues.
- Samsung reports a sharp rise in Q1 earnings, driven by a rebound in demand for chips.
- Straumann posts organic sales growth of 15% in Q1.
- Telenor solidly in the green in Q1.
- Volkswagen confirms forecasts.
- Coca-cola raised its organic sales forecast for this year, following better-than-expected quarterly earnings.
- Mcdonald's sees lower-than-expected first-quarter sales and earnings.
- Restaurant brands international - Burger King's parent company exceeded Wall Street expectations.
- Eli lilly raised its annual sales forecast to $2 billion.
- 3m Company recorded better-than-expected quarterly earnings
- Paypal holdings raised its adjusted earnings per share forecast for this year from flat to 2023.
- Ge healthcare technologies missed expectations with its first-quarter sales.
- Tenet healthcare raised raising its adjusted earnings per share forecast for this year.
- NXP Semiconductors forecast better-than-expected earnings for the current quarter.
- Microstrategy reported a net loss of $53.1 million in the first quarter, compared with net income of $461.2 million a year earlier.
- Sirius xm recorded first-quarter sales ahead of Wall Street expectations.
- Coursera expects full-year sales to be below market forecasts.
In other news:
- SES and Intelsat reportedly relaunch talks to form satellite giant (Bloomberg).
- Matti Lehmus, CEO of Neste Oyj, steps down.
- Sandoz resolves patent dispute with Amgen.
- Jasmine Whitbread, President of Travis Perkins, steps down next month.
- Burkhalter acquires Elektro Bernina.
- Today's top publications:
- Paramount global has replaced its CEO Bob Bakish with a trio of executives.
- Tesla's Elon Musk has decided to lay off two senior executives, Rebecca Tinucci and Daniel Ho, and plans to let go hundreds of other employees, against a backdrop of slowing sales.
- Microsoft will invest $1.7 billion over four years in the development of its cloud computing and artificial intelligence (AI) services in Indonesia, including the construction of data centers.
- Mosaic announced the sale of its stake in a phosphate production joint venture to Saudi group Ma'aden for around $1.5 billion.
- Comcast - NBCUniversal, a subsidiary, plans to pay an average of around $2.5 billion a year to broadcast several games of the NBA, the North American basketball championship, the Wall Street Journal reported.
- Goldman sachs is in talks to transfer its credit card program with General motors to Barclays, the Wall Street Journal reported.
- Vale and BHP propose a $25 billion compensation for the 2015 dam failure in Mariana, Brazil.
- Coca-Cola prepares for the IPO of its African bottling arm, valued at $8bn, according to Bloomberg.
- The US courts rejected Bristol-Myers Squibb and Johnson & Johnson's challenge to a law requiring them to negotiate prices for their blockbuster drugs with the Medicare program.
- Paramount CEO Bob Bakish steps down.
- Caterpillar is to delist its shares from two European stock exchanges, Paris and Zurich.
- WeWork reaches agreement with its creditors and rejects Neumann's offer.