IAG operating profit at 68 million in Q1, compared to 9 million last year CEO says IAG could scrap Air Europa bid, not at that point yet Shares up 1.4 in early trading European airlines hope for record summer demand LONDON, May 10 Reuters British Airways owner IAG reported a surge in first quarter earnings on […]

NEW YORK, May 9 Reuters Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering IPO at the top of its indicated range, raising 441 million, it said on Friday. Zeekr, which is the premium brand of Chinese automaker Geely, upsized its IPO to sell 21 million American Depositary Shares ADSs at 21 […]

May 9 Reuters Bain Capital is picking up a minority stake worth 250 million in business services firm Sikich, which is planning to deploy the investment to finance its expansion plans, the companies said on Thursday. The private equity firm is the first outside investor at Chicagobased Sikich, which was founded in 1982. The 250 […]

Q3 gross margin growth of 190 bps drives EPS beat Expects Q4 EPS of 85 cents vs estimates of 1.01 Company39;s shares down 2 in early trading May 9 Reuters Coach handbag maker Tapestry cut its annual sales forecast and missed thirdquarter revenue estimates on Thursday, signaling weak demand for its tote bags and accessories in […]

TOKYO, May 9 Reuters Japan39;s top steelmaker, Nippon Steel, is sticking to its plan to close a deal by yearend to buy U.S. Steel, which it expects to boost output and profits, the company said on Thursday, despite resistance to the transaction in the U.S. In December, Nippon Steel offered nearly 15 billion to take over iconic […]

EBITDA rose 5.1 in Q1 to 177 mln euros, margin at 17.6 Revenue up 4.4 in Q1 to 1.005 bln euros Sees moderate revenue growth in 2024 Sees FY EBITDA margin in line with 2023 May 9 Reuters Italian premium brake maker Brembo posted on Thursday a 5 yearly increase in its core profit in the […]

May 9 Reuters Roblox cut its annual bookings forecast on Thursday, fanning concerns about a slump in the videogame industry and sending its shares down 23 to mark their worst day in more than two years. The move signaled that people were dialing back on spending within Roblox39;s videogaming platform amid an uncertain economic outlook and […]