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PRESS DIGEST - Wall Street Journal - April 30
April 30 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Starbucks SBUX.O said a new technology pilot at dozens of U.S. cafes has cut average beverage preparation time by two minutes, as the coff...Reuters
Wed, Apr 30
Stellantis may reassess capital spending plans in response to US tariffs - slide
April 30 (Reuters) - Stellantis STLAM.MI says in slide presentation:STELLANTIS: IN RESPONSE TO TARIFFS, CO REDUCED SHIPMENTS IN US OF IMPORTED VEHICLES, WHILE OPERATING FROM INVENTORIES - SLIDESTELLANTIS: IN APRIL COMPANY TEMPORARILY SUSPENDED EUROPEAN VEHICLE IMPORTS TO US - SLIDESTELLANTIS: FOCUS ...Reuters
Wed, Apr 30
Glanbia reiterates FY EPS, PN margin guidance on input cost visibility
April 30 (Reuters) - Glanbia PLC GL9.I:GLANBIA - Q1 GROUP PERFORMANCE IN LINE WITH EXPECTATIONS, GROUP REVENUE GROWTH OF 7.2% (2.7% OF WHICH RELATED TO ACQUISITIONS)GLANBIA - REITERATING FULL YEAR GUIDANCE OF ADJUSTED EPS OF 124 $CENT TO 130 $CENT, IMPACTS OF CURRENTLY KNOWN DIRECT TARIFFS LARGELY M...Reuters
Wed, Apr 30
Barclays posts 19% rise in Q1 profit, beating expectations
LONDON, April 30 (Reuters) - Barclays BARC.L reported its first quarter profit rose a better than expected 19% on Wednesday, as frenzied customer activity in the first three months of the year boosted fixed income trading revenue and dealmaking fees. The British bank reported profit before tax fo...Reuters
Wed, Apr 30
Barclays Raises 2025 Group NII Guidance Ex. Investment Bank And Head Office To Greater Than £12.5 bln
April 30 (Reuters) - Barclays PLC BARC.L:BARCLAYS PLC - 1ST QUARTER RESULTSBARCLAYS - REMAIN COMMITTED TO AND CONFIDENT IN DELIVERING OUR PREVIOUSLY ANNOUNCED FINANCIAL AND DISTRIBUTION TARGETS FOR 2025 AND 2026BARCLAYS: BARCLAYS UK Q1 TOTAL INCOME £2,074 MILLIONBARCLAYS: BARCLAYS INVESTMENT BANK Q...Reuters
Wed, Apr 30
British drugmaker GSK says 'well positioned' to absorb tariff hit
April 30 (Reuters) - British drugmaker GSK GSK.L said on Wednesday it was "well positioned" to respond to any potential financial impact from sector-specific tariffs if they were implemented and it had identified options within its supply chain and productivity initiatives to mitigate any hi...Reuters
Wed, Apr 30
Europe's SES beats earnings estimates, helped by new government contracts
April 30 (Reuters) - European satellite company SES SESFg.LU reported quarterly earnings well above market expectations on Wednesday, buoyed by new government contracts and lower costs across the board.Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) in the first quar...Reuters
Wed, Apr 30
Stellantis suspends full-year forecasts due to U.S. tariff uncertainties
MILAN, April 30 (Reuters) - Stellantis STLAM.MI said on Wednesday it was suspending its guidance for a moderate recovery this year, after a profit drop in 2024, due to the uncertain impact of evolving U.S. tariff policies.In the first quarter, net revenues fell 14% year-on-year to 35.8 billion euros...Reuters
Wed, Apr 30
ANALYSIS-Troubled by Trump's tariffs, Volvo Cars' new CEO turns to Chinese owner Geely
Geely is 'a unique opportunity,' says new CEOAnalysts says collaboration on costs essentialCost-cutting plan and restructuring sent share price lower on TuesdayDismissed CEO showed reluctance to work with GeelyBy Marie Mannes, Nick Carey and Alessandro Parodi STOCKHOLM, April 30 (Reuters)...Reuters
Wed, Apr 30
Saudi Arabia's PIF starts selling 7-year sukuk, document shows
April 30 (Reuters) - Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has begun accepting bids for the sale of benchmark-sized, dollar-denominated 7-year Islamic bonds, or sukuk, according to an arranging bank document seen by Reuters on Wednesday.The indicative price for ...Reuters
Wed, Apr 30
German logistics group DHL posts higher earnings in Q1 but cautious on trade
BERLIN, April 30 (Reuters) - German logistics company DHL DHLn.DE on Wednesday posted higher sales and earnings in the first quarter, a period dominated by tensions over U.S. import tariffs that could both help and hinder the group's bottom line. Group revenues increased by 2.8% year on year t...Reuters
Wed, Apr 30
PRESS DIGEST-British Business - April 30
April 30 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Mobico MCG.L, the parent of National Express, said CEO Ignacio Garat, is leaving after the company reported 793 ...Reuters
Wed, Apr 30
'Never kneel': China taps Korean War and AI memes to hit back at Trump
China says "Won't kneel" to US tariffs in propaganda videoLikens yielding to Trump's tariffs to "drinking poison"Chinese internet uses sharing tariff memes on social mediaMessaging conveys yielding risks weakening China, Chinese official saysBy Joe Cash BEIJING, April 30 (...Reuters
Wed, Apr 30
Aixtron Q1 orders up 10%, EBIT down
By Ozan Ergenay April 30 (Reuters) - German chip systems manufacturer Aixtron AIXGn.DE on Wednesday reported a 10% increase in quarterly orders and confirmed its full-year guidance, saying the risks associated with the U.S. tariffs policy were "currently insignificant for the sector".The...Reuters
Wed, Apr 30
Volkswagen says trade tensions, EV costs to weigh on profits
STUTTGART, Germany, April 30 (Reuters) - Volkswagen VOWG.DE expects its operative profit, net cash flow and net liquidity to land at the bottom end of annual forecasts, it said on Wednesday, citing growing trade barriers, rising competition and emissions regulations.Battery-electric car sales, which...Reuters
Wed, Apr 30
Remy Cointreau's U.S. sales back to growth in Q4, China stays weak
PARIS, April 30 (Reuters) - French spirits group Remy Cointreau RCOP.PA reported a steeper-than-expected drop in fourth quarter revenue, as cognac sales in China remained weak while they returned to growth in the United States.The maker of Remy Martin cognac and Cointreau liqueur, which is implemen...Reuters
Wed, Apr 30
Sensor maker ams OSRAM reports first quarter earnings above expectations
April 30 (Reuters) - Austrian sensor maker ams OSRAM AMS2.VI on Wednesday reported first-quarter core earnings ahead of market expectations, saying it successfully mitigated the primary costs of U.S. tariffs. Earnings before interest, tax, depreciation and amortization (EBITDA) rose to 135 millio...Reuters
Wed, Apr 30
Samsung says trade turmoil raises chip business volatilities, may hit phone demand
Samsung's Q1 operating profit rises 1.2% to 6.7 trillion won Stockpiling of chips and phones ahead of U.S. tariffs helps lift earnings - analystsSamsung's mobile business profit 4.3 trillion won, highest in 4 years Chip profit down 42% to 1.1 trillion won By Hyunjoo Jin, Heekyong Yang and Jo...Reuters
Wed, Apr 30
