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Profits

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Volkswagen profit drops as carmaker signals further cost cuts

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Business

Thales: Defence orders surge as Iran war drives military spending

The French company recorded five defence orders worth more than €100 million each, as global demand rises amid the Iran war.

Business

AI boom drives TSMC profit up 58%

The Taiwan-based chipmaker reported record revenue and profit, driven largely by strong demand for artificial intelligence chips and orders from major customers including Apple and Nvidia.

Business

AI expansion drives up profits for Dutch semiconductor giant ASML

ASML, the Dutch semiconductor giant, has posted a rise in net profits to €2.76 billion for the first quarter of 2026 representing a 15% increase compared to the same quarter in the previous year.

Business

Goldman Sachs posts best quarterly profit in five years with 18% jump

Goldman Sachs reported strong first-quarter results, the best in five years, with quarterly profit rising 18% to $5.4 billion (€4.6bn), as the bank highlighted increased volatility due to geopolitical tensions.

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Europe News

EU considering excessive profit taxes on oil and gas companies

The European Commission is considering taxing windfall profits, similar to the mechanism applied in 2022 during the natural gas crisis. The plea came from five EU countries, which also called for the tax to be expanded to foreign profits dealing with fossil fuels.

Economy

How a 'People’s IPO' is encouraging Central Asia into the stock market

A programme opening up major state-owned enterprises to ordinary citizens is set to reshape the country's capital markets and mint a new generation of investors.

Business

Revolut posts record revenue and profits amid rapid customer growth

Revolut posted record results in 2025, with revenue and profit soaring as the company seeks a global banking status.

Europe in Motion

Russia pocketing billions from two weeks of war in Iran, data shows

Moscow's fossil fuel earnings hit €7.7 billion in the two weeks after joint US-Israeli strikes triggered the war in Iran, as the ongoing conflict has sent global oil prices skyrocketing and led the US to ease Russian sanctions.

Business

Toyota profit slides 43% after finance chief is tapped as new CEO

Japan’s biggest carmaker reports a sharp quarterly earnings drop, citing tariff pressures and rising costs, while announcing a leadership change at the top.

Business

OpenAI awards millions to nonprofits under new foundation structure

OpenAI was formed as a nonprofit in 2015 but then incorporated a for-profit subsidiary that has grown to be one of the most valuable start-ups in the world.

Business

Puma shares soar on report China’s Anta Sports could bid for brand

The athletics brand saw its shares leap in Frankfurt on Thursday after heavy losses earlier this year.

Business

Siemens reports record annual profit and cash flow as demand holds

Siemens reported stronger-than-expected full-year results and raised its dividend, pointing to solid demand in the face of currency headwinds and ongoing changes to its business mix.

Business

Cyberattack on Marks & Spencer slices profits by more than a half

The hack cost M&S over £300 million in lost sales but the firm said it was able to recover around a third of this through an insurance payout.

Markets

European markets rise, oil prices jump on OPEC+ decision

Key European stock indexes started the week with gains, boosted by the oil sector and expectations for a range of corporate earnings this week.

Business

Apple delivers strong results despite global trade war and AI rivalry

Strong demand for iPhones drove the company’s revenue higher in the three months to the end of September, closing its fiscal year with record profits.

Business

Amazon posts biggest cloud growth in years, sending shares up 13%

Amazon reported higher sales and earnings for the third quarter, and it was boosted by its fast-growing web services business.