EasyJet’s stock drops 5% as the Middle East conflict, fuel costs weigh on bookings outlook
[ad_1] EasyJet‘s stock fell on Thursday after the European airline warned the Iran war and higher fuel prices are weighing on customer bookings. The group said it took on roughly £25 million ($34 million) in additional fuel costs in March alone as global oil prices soared, and it expects airline costs to remain tied to […]
LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war
[ad_1] A Louis Vuitton bag is displayed at the LVMH Moet Hennessy Louis Vuitton stand during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. Benoit Tessier | Reuters Luxury conglomerate and industry bellwether LVMH reported quarterly sales that missed expectations on Monday […]
Rheinmetall sees sales growth of up to 45% in 2026, says it’s in ‘prime position’ to arm the U.S. amid war in Iran
[ad_1] German Rheinmetall MAN tactical military transport vehicles parked in the Edvard Peperko military barracks. Luka Dakskobler | Lightrocket | Getty Images German arms maker Rheinmetall said it sees this year’s sales growing by as much as 45% as it reported 2025 revenue growing 29% year-over-year, missing expectations. It also said it was in a […]
Volkswagen flags a tough year ahead as 2025 profit halves on tariffs, China competition
[ad_1] Scrap metal on a barge near the Volkswagen AG factory in Wolfsburg, Germany, on Tuesday, March 10, 2026. Bloomberg | Bloomberg | Getty Images Germany’s Volkswagen on Tuesday reported a sharp drop in annual operating profit and flagged another tough year ahead as the auto giant continues to grapple with U.S. tariffs and competition […]
Sportswear giant Adidas drops 8% after profit guidance disappoints
[ad_1] The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. Lisi Niesner | Reuters Shares of Adidas fell as much as 8% on Wednesday after providing a disappointing 2026 outlook, as it grapples with unfavorable currency swings and a hit from U.S. tariffs. […]
Jeep maker Stellantis posts first annual loss in company history after EV writedowns
[ad_1] Antonio Filosa attends the presentation of the new Fiat 500 Hybrid at the Stellantis FIAT Mirafiori plant in Turin, Italy, on November 25, 2025. Nurphoto | Nurphoto | Getty Images Auto giant Stellantis on Thursday reported its first-ever annual loss after posting substantial charges amid a major strategic shift. The multinational conglomerate, which owns […]
Nestle plans sale of ice cream business as fourth-quarter sales growth beats estimates
[ad_1] Nestle shares rose 3% Thursday after the maker of Nescafé and KitKat reported organic sales growth for the fourth quarter that beat analyst forecasts. The closely watched organic growth rate came in at 4%, beating a FactSet consensus of 3.55%. For 2026, Nestle said it is targeting organic sales growth of 3% to 4%, along with […]
Airbus targets 870 deliveries this year, below estimates as Boeing competition tightens
[ad_1] These specially configured A350-1000ULRs are expected to enable the world’s longest commercial flights. Qantas Airbus said Thursday it expects to deliver 870 commercial aircraft in 2026, slightly fewer than the roughly 880 analysts had expected. It comes as pressure is building for the European planemaker, with U.S. rival Boeing showing signs of recovery after […]
Mercedes shares fall 5% after full-year earnings halve on tariffs, China competition
[ad_1] The Mercedes star, the brand logo of the vehicle manufacturer Mercedes-Benz, rotates on a building of a Mercedes-Benz car dealership. Picture Alliance | Picture Alliance | Getty Images German luxury car manufacturer Mercedes-Benz Group on Thursday reported a steep drop in full-year profit and warned of challenging times ahead, following a year marred by […]
Heineken to slash up to 6,000 jobs in AI ‘productivity savings’ amid slump in beer sales
[ad_1] An employee checks a Heineken beer bottle on a packaging conveyor at the Heineken NV brewery in Zoeterwoude, Netherlands. Jasper Juinen | Bloomberg | Getty Images Dutch brewer Heineken is planning to lay off up to up to 7% of its workforce, as it looks to boost efficiency through productivity savings from AI, following […]