Profits

CEO pay levels rocket — up almost 200 times on the average earner
Business

CEO pay levels rocket — up almost 200 times on the average earner

Chief executives of major US companies saw their pay leap nearly 13% last year, soaring way ahead of their workers,…
Commerzbank notes highest numbers in more than a decade
Business

Commerzbank notes highest numbers in more than a decade

German banking giant Commerzbank saw its best net result in more than 10 years, as its customer business continued to…
Allianz, Europe’s largest insurer, sees double-digit jump in profits
Business

Allianz, Europe’s largest insurer, sees double-digit jump in profits

Europe’s largest insurer Allianz revealed an increase in business volume of more than 5% for the first three months of the…
Headache for Bayer as results show fall in Q1 sales and earnings
Business

Headache for Bayer as results show fall in Q1 sales and earnings

Shares in Bayer AG took a fall in early trade after the after the pharmaceutical company reported shrinking sales and…
IAG profits soar in first quarter as tourists return to the skies
Business

IAG profits soar in first quarter as tourists return to the skies

International Consolidated Airlines Group (IAG) released its first quarter 2024 results on Friday morning, showing an operational profit before exceptional…
Munich Re stock rises as company cheers investors with latest earnings
Business

Munich Re stock rises as company cheers investors with latest earnings

Shares in German reinsurance giant Munich Re rose on Wednesday after the company announced its first-quarter (Q1) 2024 results, clocking…
BP to cut costs as first quarter profits fall below expectations
Business

BP to cut costs as first quarter profits fall below expectations

British oil and gas company BP’s first quarter profits were below expectations, as  underlying profit came in at $2.7 billion (€2.5…
UBS returns to profit for the first time since Credit Suisse takeover
Business

UBS returns to profit for the first time since Credit Suisse takeover

The shares of UBS were sent through the roof after the Swiss bank reported that it returned to profitability in the…
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