Analysts expect firstquarter profit of 6.7 bln Q1 revenue jumps, beats market expectations Stock price has surged on chip demand for AI applications TSMC announces third fab in Arizona, gets US subsidies Earnings call at 0600 GMT on Thursday TAIPEI, April 16 Reuters Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in […]

SHANGHAI, April 16 Reuters Tesla39;s global job cuts are hitting China, the automaker39;s biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10 of its global […]

202324 revenue up 10.1 to 5.5 bln stg Expects adjusted EBITDA of 629 mln stg, up 9.8 Opened 47 new BM UK stores in 202324 To open at least 45 stores in each of the next two years LONDON, April 16 Reuters British discount chain BM on Tuesday forecast a 9.8 increase in fullyear profit at […]

International Paper tables formal offer Rival suitor Mondi declines to comment Shares in DS Smith down 2 April 16 Reuters International Paper on Tuesday agreed to an allshare deal to buy DS Smith, valuing the British packaging firm at 5.8 billion pounds 7.2 billion and edging out a bid by Mondi. DS Smith said it had […]

Brand chief Ije Nwokorie to take over as CEO from Kenny Wilson FY24 results seen in line with expectations FY25 results to be pressured by weak US market Shares drop around 30 to record low April 16 Reuters Dr Martens shares plunged around 30 on Tuesday to a record low after the British boot maker warned […]

April 16 Reuters British fashion chain Superdry announced a threeyear restructuring plan on Tuesday and said a fund raising backed by its CEO and cofounder Julian Dunkerton would allow the company to delist from the London Stock Exchange. The maker of jackets and clothing inspired by American vintage styles and Japanese graphics has been struggling with […]

April 12 Reuters J.P.Morgan and Morgan Stanley started coverage on Reddit with equivalent to hold ratings, as they wait for clarity on the social media company39;s user growth, while staying bullish on adrevenue growth and artificial intelligence AI initiatives. Shares of Reddit were up 0.88 at 42.64 in premarket trading. While Reddit, which made its market […]

BRUSSELS, April 15 Reuters U.S. chipmaker Broadcom is being asked by EU antitrust regulators about changes to newly acquired cloud computing company VMware39;s licensing conditions following complaints from a spate of EU business users and a trade group. The EU competition enforcer said it had sent requests for information to Broadcom to investigate the issue. The […]