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Profits

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EasyJet losses deepen as Iran war drives fuel costs higher

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Business

Shell profits surge as Iran war drives oil prices higher

Europe’s biggest energy company reported a jump in first-quarter profits as the war involving Iran and the effective closure of the Strait of Hormuz pushed oil and gas prices higher.

Business

Lufthansa hits record revenue as Iran war fuel costs eat into profits

The German airline group posted its highest-ever revenue in 2025 and improved its first-quarter results, but soaring jet fuel costs linked to the Iran war are forcing route cuts and pushing annual profit below initial forecasts.

Business

HSBC profits dip while UniCredit's rise in latest earnings reports

HSBC reported a slight contraction in profits while Italy's UniCredit surpassed market expectations as banking institutions navigate a complex landscape defined by geopolitical tensions.

Business

Volkswagen profit drops as carmaker signals further cost cuts

Volkswagen warned its future is at risk as profits fell sharply and it signalled deeper cost cuts. The carmaker is battling weak demand in China, rising competition, tariffs and pressure to simplify its complex structure.

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Business

Google parent Alphabet profit jumps 81% amid Big Tech earnings results

Alphabet, Amazon, Meta and Microsoft all beat earnings expectations, as they reported on Wednesday, but Alphabet stood out, with its shares jumping 7% in extended trading on strong cloud growth.

Business

Intel shares soar 20% as AI demand fuels first quarter earnings beat

Intel posted first-quarter results that beat expectations, sparking a 20% rise in its share price in after-hours trading. The US government's stake in the company, acquired under the Trump administration, is up nearly 300%.

Business

Tesla profits up as Musk shifts focus to robotaxis

Tesla’s profit rose in the first quarter as its car sales rebounded from a sharp slump in 2025.

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.

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.