The Finnish packaging company reported a second-quarter operating profit of €103.7 million, beating analyst forecasts by 11%, as strong performance in its flexibles unit offset weakness in North America.
Shares of the Hong Kong carrier surged after it projected a 62-76% jump in first-half profit, driven by strong passenger demand and a one-time gain, leading Citi to upgrade the stock to 'Buy'.
New car registrations in Europe rose 13.1% in June, fueled by a 51% surge in battery-electric vehicle sales, according to data from the European Automobile Manufacturers' Association. The growth comes as sales of petrol and diesel vehicles continue to decline.
Nokia reported a stronger-than-expected 18% rise in second-quarter operating profit, driven by a doubling of sales to AI and cloud customers for its fibre optic equipment. The results come amid industry-wide concerns over rising component costs.
The consumer goods giant reported 3.7% organic sales growth for the second quarter, topping analyst expectations, and announced a €3 billion joint venture for its water business.
The French automaker sold 1.165 million vehicles in the first half of the year, with a 1.3% sales decline in its core European market offsetting growth elsewhere.
Ferrotec stock rallied sharply after the semiconductor equipment supplier significantly raised its nine-month profit guidance, citing strong demand. A substantial stake increase by Nomura Securities provided an additional catalyst for the shares.
Macquarie Group has appointed Greg Ward, the head of its successful retail banking division, as its seventh CEO in a move investors see as signaling stability and continuity. Ward is credited with transforming the bank's mortgage business into a major market player.
The South Korean automaker reported a second-quarter operating profit of 2.9 trillion won, missing analyst estimates amid production disruptions and industry-wide headwinds.
