Profits

HSBC shares dive 8% as profit expectations fail to satisfy investors
Business

HSBC shares dive 8% as profit expectations fail to satisfy investors

Pretax profit for the final three months of the year fell to $1 billion (€920 million) from more than $5 billion…
£600 steaks help Salt Bae restaurant rake millions in profits
Business

£600 steaks help Salt Bae restaurant rake millions in profits

The London-based Nusr-Et Steakhouse, commonly known as the ‘Salt Bae restaurant’ for the viral chef from which it gets its…
Swiss banking giant UBS sees hopeful future, despite losses
Business

Swiss banking giant UBS sees hopeful future, despite losses

UBS Group AG reported a pretax loss of $751 million (€699.7 million) for the closing three months last year, as the…
Deutsche Bank plans 3,500 job cuts to boost profitability
Business

Deutsche Bank plans 3,500 job cuts to boost profitability

Germany’s biggest bank added detail to long-term redundancy plans on Thursday, as it prepares to lay off 3,500 employees by…
Tech earnings in focus: Who led the charge – Meta, Amazon, or Apple?
Business

Tech earnings in focus: Who led the charge – Meta, Amazon, or Apple?

Thursday’s quarterly earnings reports revealed a striking narrative as Meta Platforms, Amazon.com, and Apple not only surpassed Wall Street’s forecasts…
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