Q1 net profit T22.01 bln vs T29.31 bln analysts forecast Q1 net profit up 72 yearonyear TAIPEI, May 14 Reuters Apple supplier Foxconn reported a 72 rise in firstquarter profit, boosted by strong demand for AI servers and coming off a low base from the period a year earlier, but the growth was lower than expected. The […]

LONDON, May 14 Reuters Anglo American on Tuesday laid out a strategic review that includes a potential breakup of the company by demerging or selling its steelmaking coal, nickel, diamonds and platinum businesses as it tries to fend off a takeover bid from the world39;s largest miner BHP Group. The announcement comes a day after the […]

May 14 Reuters British bank Virgin Money UK warned of a tepid secondhalf of the year on Tuesday, citing higher costs and lower profit margins due to growing investments, inflationary pressures and stiff competition for deposits. The lender, which agreed to a 2.9 billion pound 3.64 billion allcash takeover deal from 140yearold mutuallyowned building society Nationwide in March, […]

Reuters Shares of videogame retailer GameStop surged nearly 75 on Monday after Roaring Kitty, an account associated with a social media finance influencer credited with sparking the 2021 meme stock rally, returned to X.com after a threeyear hiatus from the app. GameStop39;s shares hit an 18month high at 38.20 and were halted multiple times for volatility. […]