HSBC delivered a broadly flat first-quarter profit that fell short of analyst expectations, as a specific fraud-related credit charge in its UK institutional banking unit and rising provisions linked to the US-Iran conflict pushed credit losses sharply higher. The result underscores how geopolitical turbulence and isolated credit events can rapidly…
UniCredit delivered the strongest quarterly earnings in its history on Tuesday, posting a first-quarter net profit that significantly exceeded market expectations and prompted a further upgrade to full-year guidance.The results came on the same day it formally launched a takeover offer for Commerzbank, the German lender it has pursued for…
UniCredit has turned its long pursuit of Commerzbank into a formal takeover fight.On Tuesday, the Italian lender said it had launched its €35 billion all-share offer for the German bank just one day after UniCredit shareholders approved the capital increase needed to back the deal.The takeover bid came as UniCredit…
European shares moved slightly lower on Tuesday as investors remained cautious following fresh attacks involving the United States and Iran in Gulf waters. Elevated global oil prices also added to market uncertainty.The pan-European STOXX 600 index declined 0.1% to 604.68 points as of 0704 GMT.The index had already recorded its…
Paramount Skydance reported first-quarter results that exceeded Wall Street expectations, driven by growth in its streaming and film businesses.The media company posted revenue of nearly $7.35 billion for the quarter, marking a 2% increase from the same period last year. The performance was supported by gains in its direct-to-consumer streaming…
Advanced Micro Devices (NASDAQ: AMD) is heading into its first-quarter 2026 report after the close on Tuesday, May 5.AMD stock is already acting like a winner before a single number is printed.The stock last traded around $341.54, while consensus targets sit at $287.91, a reminder that the market may already…
Sales of Tesla vehicles in the United Kingdom rose sharply in April, extending a recent recovery trend. However, performance across Europe remained uneven as competition and structural challenges persisted.The company sold 831 vehicles in the UK during the month, marking a 62% increase year-on-year and the second consecutive month of…
Rolls-Royce share price has held steady in the past two days, helped by the company’s reassurance that its business was still firing on all cylinders despite the ongoing weakness in its business. RR rose to 1,200p on Monday, up from the month’s low of 1.093p.Rolls-Royce Holdings helped by its diversification…
US equity futures edged higher on Tuesday morning as oil prices retreated from the prior session’s sharp gains, offering some relief to markets rattled by the latest flare-up in the Persian Gulf.Iran launched missiles and drones at the UAE and attacked US naval vessels guiding commercial ships through the Strait…
Investors are uncomfortable seeing losses, especially in stocks they rely on for steady income.Enterprise Products Partners (NYSE: EPD), Pfizer (NYSE: PFE) and UPS (NYSE: UPS) all fit that uneasy profile as the share prices have been battered, and the yields are high enough to make some investors wonder whether the…