Reuters

News Organisation

Wells Fargo tops profit estimates, raises return target

Wells Fargo has today beaten Wall Street estimates for third-quarter profit and raised its closely watched profitability target after regulators removed an asset cap imposed on the bank, paving the way for it to pursue growth.

Business • 14 Oct

JPMorgan profit rises on investment banking boom

JPMorgan Chase has today raised its full-year forecast for net interest income, after a strong performance in its trading and investment banking businesses helped it beat expectations for third-quarter profit.

Business • 14 Oct

A white and orange Easyjet plane flying in the sky

EasyJet shares jump, traders cite report of bid interest

Shares in budget airline EasyJet jumped as much as 11.5% today, with traders pointing to an Italian media report of possible bid interest from global container shipping company MSC.

Business • 14 Oct

EU fines Gucci, Chloe & Loewe €157m for pricing practices

Gucci, Chloe and Loewe have been fined a total of €157m by the European Union's antitrust watchdog for fixing the resale prices of their retail partners.

Business • 14 Oct

French PM to suspend Macron's flagship pension reform

French Prime Minister Sebastien Lecornu has promised to suspend a landmark pension reform until after the 2027 election, sacrificing one of President Emmanuel Macron's legacy achievements to ensure the government's survival.

World • 14 Oct

Michelin cuts outlook on worse than expected tyre demand

French tyre maker Michelin has cut its full-year outlook citing worse-than-expected business conditions in the North American market that have eroded sales volumes and margins.

Business • 14 Oct

Spain the frontrunner for BYD's third European plant

China's biggest car maker BYD considers Spain to be its top candidate for a third car factory to serve the European market, two people briefed on the matter told Reuters, as the company seeks to grow sales on the continent.

Business • 14 Oct

BP guides for higher Q3 upstream output, weaker trading

BP expects its upstream production to be above last quarter's, the company said in a trading update today ahead of results due on November 4, adding that its oil trading result was weak.

Business • 14 Oct

Gold leaps above $4,100 on Fed rate cut hopes

Gold prices jumped to a record high above $4,100 today, supported by rising expectations of a US Federal Reserve rate cut this month and safe-haven demand following renewed trade tensions between the world's two largest economies.

Business • 14 Oct

Ericsson beats quarterly core profit estimates

Swedish telecoms equipment maker Ericsson has today reported a better than expected rise in quarterly earnings and played down the impact of US tariffs.

Business • 14 Oct

wire

Reuters

Wells Fargo tops profit estimates, raises return target

JPMorgan profit rises on investment banking boom

EasyJet shares jump, traders cite report of bid interest

EU fines Gucci, Chloe & Loewe €157m for pricing practices

French PM to suspend Macron's flagship pension reform

Michelin cuts outlook on worse than expected tyre demand

Spain the frontrunner for BYD's third European plant

BP guides for higher Q3 upstream output, weaker trading

Gold leaps above $4,100 on Fed rate cut hopes

Ericsson beats quarterly core profit estimates