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Toyota set for second straight quarterly profit drop as US tariffs weigh
Reuters· 2025-11-04 08:07
Core Viewpoint - Toyota Motor is anticipated to experience a decline in operating profit for the second consecutive quarter due to U.S. tariffs and supply-chain risks, despite strong global sales of hybrid vehicles [1] Group 1: Financial Performance - The company is expected to report a decrease in quarterly operating profit, marking the second consecutive decline [1] Group 2: Market Conditions - U.S. tariffs are impacting the company's operations negatively [1] - Supply-chain risks are also contributing to the operational challenges faced by the company [1] Group 3: Product Performance - Despite the challenges, there is robust global demand for hybrid vehicles, which remains a positive aspect for the company [1]
Palantir shares drop in Europe despite earnings beat
Reuters· 2025-11-04 07:16
Palantir Technologies fell almost 6% in early Frankfurt trading on Tuesday, as another strong quarterly update from the U.S. tech group failed to extend its record-breaking rally. ...
Airbus needs 235 deliveries to reach end-year goal, sources say
Reuters· 2025-11-04 07:14
Core Insights - Airbus has delivered 585 airplanes in the first 10 months of the year, indicating strong performance in the aviation sector [1] - The company aims to deliver around 820 airplanes for the full year, with 235 remaining to meet this target [1] Delivery Performance - Total airplanes delivered by Airbus in the first 10 months: 585 [1] - Remaining airplanes to be delivered to reach the annual target: 235 [1] - Annual delivery target set by Airbus: approximately 820 airplanes [1]
BP third-quarter profit beats expectations at $2.21 billion
Reuters· 2025-11-04 07:09
BP on Tuesday posted a third-quarter underlying replacement cost profit, or adjusted net income, of $2.21 billion, compared with the average $2.02 billion in a company-provided poll of analysts and $2.27 billion a year ago. ...
Primark owner AB Foods profit falls 13% on weak sugar business
Reuters· 2025-11-04 07:06
Primark owner Associated British Foods reported a 13% fall in full-year profit, hurt by a weak performance in its sugar business that reflected low European prices but forecast an improved outcome in its new financial year. ...
Norway wealth fund to vote against Musk's $1 trillion Tesla pay package
Reuters· 2025-11-04 06:45
Core Points - Norway's sovereign wealth fund, the largest in the world, announced it would vote against the proposed compensation package for Tesla CEO Elon Musk, which includes shares potentially worth up to $1 trillion [1] Group 1 - The compensation package proposed for Elon Musk is significant, with a potential value of up to $1 trillion [1] - The decision by Norway's sovereign wealth fund reflects concerns over the appropriateness of such a large compensation package [1]
Nintendo hikes operating forecast by 16%
Reuters· 2025-11-04 06:42
Core Insights - Nintendo raised its operating profit forecast by 16% to 370 billion yen ($2.45 billion) for the financial year ending March 2026 [1] Financial Performance - The updated operating profit forecast reflects a significant increase compared to previous estimates, indicating strong financial performance expectations for the upcoming fiscal year [1]
ECB gives Caltagirone green light to up stake in Monte dei Paschi, source says
Reuters· 2025-11-04 06:33
Core Viewpoint - The European Central Bank has approved Francesco Gaetano Caltagirone to increase his ownership in Monte dei Paschi di Siena to a maximum of 20% [1] Group 1: Company Developments - Francesco Gaetano Caltagirone is an Italian entrepreneur who is set to raise his stake in the Tuscan lender Monte dei Paschi di Siena [1] - The approval from the European Central Bank indicates a significant move in the ownership structure of Monte dei Paschi di Siena [1]
Philips reports 3% rise in quarterly sales
Reuters· 2025-11-04 06:21
Dutch medical technology company Philips reported third-quarter revenue in line with analysts' expectations un Tuesday, citing a strong performance in North America. ...
Fresenius Medical Care beats quarterly profit estimates helped by cost cuts
Reuters· 2025-11-04 06:08
Fresenius Medical Care reported a third-quarter operating income that exceeded analysts' expectations on Tuesday, in a sign that the dialysis specialist's cost-cutting measures were beginning to take ... ...