IAG Profit Beats Forecasts, Sees Strong Outlook
IAG reported a sharply-higher adjusted operating profit of EUR1.3 billion and said its outlook for summer was encouraging, with around 80% of its expected revenue already booked, while full-year capacity was seen around 97% of pre-Covid-19 levels.
NatWest Second Quarter Tops Hopes But Trims Guidance
NatWest posted an operating pretax profit of GBP1.8 billion for the second quarter and announced a GBP500 million share buyback, but lowered its net interest margin guidance for 2023.
Standard Chartered Lifts Guidance, Announces New Buyback
Standard Chartered forecast constant-currency growth of 12% to 14% this year after its first-half net profit rose by a fifth, and it announced a new $1 billion share buyback.
Air France-KLM Tops Forecasts, Sees Strong Demand
Air France-KLM confirmed its capacity forecast for the year after it reported second-quarter results well ahead of analysts’ expectations, with operating profit rising 90% to EUR733 million.
BNP Paribas to Settle SEC, CFTC Probes Over Use of Banned Messaging Apps
The regulators have been investigating its compliance with record-keeping requirements.
Gucci-Owner Kering Buys Stake in Valentino
The deal is part of a return to big-ticket transactions for the French luxury conglomerate, after an agreement to purchase cologne-maker Creed.
Yellow in Talks to Sell Its Logistics Business
The troubled trucking company is seeking to raise cash and stave off a potential bankruptcy filing.
Intel Returns to Profit as PC Rebound Lifts Chip Demand
The chip maker’s earnings surprise Wall Street after two consecutive quarters of record losses.
Ford Raises Profit Forecast Despite Steeper EV Losses
Second-quarter net profit nearly tripled, powered by stout commercial-truck sales.
Sequoia Capital Slashes Crypto Fund
The storied venture firm’s brand has come under scrutiny for the first time in years following a series of controversial decisions.
Source: Dow Jones Newswires