Britain’s Lloyds’ annual profit rises 12%, upgrades guidance
Its profit before tax for 2025: £6.7 billion, up from £5.97 billion the year before and better than the £6.4 billion average of analysts’ forecasts Lloyds Banking Group said on…
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profit
Nokia chair to step down, AI push supports Q4 profit
The company is carrying out one of its biggest restructuring drives since it sold its mobile phone business [ESPOO, Finland] Finland’s Nokia said on Thursday (Jan 29) that…
Bursa Malaysia Q4 net profit falls 11.8% to RM60.8 million amid muted market sentiment
Bursa Malaysia ended 2025 with lower revenue and profit as muted sentiment and decreased daily trading dampened securities market performance, the company said in a bourse filing on…
Deutsche Bank posts biggest annual profit in nearly two decades a day after police search
The biggest profit since 2007 is a welcome milestone for the bank after a rocky decade Deutsche Bank on Thursday (Jan 29) posted its largest annual profit since 2007 after a…
Chip firm ASML to slash 1,700 jobs and posts record profit for 2025 thanks to AI boom
Dutch semiconductor chip machine maker ASML recorded a record net profit of 9.6 billion euros ($11.5 billion) in 2025 on sales of 32.7 billion euros fueled by AI-driven demand, the company…
SK Hynix profit surges on relentless appetite for AI memory
Operating profit doubles to 19.2 trillion won (S$17 billion) in the December quarter Hynix reported its strongest quarterly results to date, underscoring the depth of an…
Nike slashes 775 jobs in US to speed up automation, boost profit
is laying off 775 employees, a source familiar with the matter told Reuters on Monday, as the sportswear giant looks to boost profits and accelerate its use of automation.…
British banks to join European rivals in hiking profit targets: sources
In continental Europe, many banks have already lifted their profit goals, signalling confidence higher margins will last for years Britain’s biggest banks, including HSBC and…
Info-Tech Systems up 10.5% on positive profit guidance
It remains under its initial public offering price but has hit its highest level in nearly two months Shares of Info-Tech Systems rose on Thursday (Jan 22) after the company issued a…
Info-Tech Systems forecasts ‘considerable increase’ in consolidated net profit for FY2025
Software provider Info-Tech Systems expects to report a “considerable increase” in its consolidated net profit for FY2025, compared with the full-year ended Dec 31, 2024. The improvement…
PC Partner soars 27.8% on positive FY2025 profit guidance
It is now listed only in Singapore, having delisted from the Hong Kong bourse on Jan 14 Shares of electronics company PC Partner soared on Tuesday (Jan 20) after the company posted a…
PC Partner closes 20.9% higher on positive FY2025 profit guidance
It is now listed only in Singapore, having delisted from the Hong Kong bourse on Jan 14 Shares of electronics company PC Partner soared on Tuesday (Jan 20) after the company posted a…
Goldman Sachs and Morgan Stanley see double-digit profit jumps
A surging stock market and a flurry of deal-making padded the profits of Wall Street’s two big investment banks, which both saw a double-digit jump in profits in the fourth quarter.…
Goldman Sachs’ profit rises on dealmaking, trading strength
Its profit attributable to common shareholders rises to US$4.4 billion in Q4, from US$3.9 billion a year before [BENGALURU/NEW YORK] Goldman Sachs’ profit rose in the fourth quarter,…
Lum Chang expects significantly improved H1 FY2026 net profit on interior fit-out business strength
Group is set to release its financial results for the first half-year on or about Feb 12 Lum Chang Holdings (LCH) announced in a Thursday (Jan 15) profit guidance that it expects a…
Wells Fargo misses profit estimates on severance costs, shares fall
WELLS Fargo missed analysts’ profit estimates in the fourth quarter on Wednesday, after it booked US$612 million in severance expenses as part of CEO Charlie Scharf’s effort to streamline…
TSMC likely to post fourth-quarter profit leap driven by AI boom
TSMC, the world’s largest manufacturer of advanced artificial intelligence chips, is expected to post a 28 per cent jump in fourth-quarter net profit to a record high on Thursday driven by…
Bank of America profit climbs as trading surges in volatile markets
Bank of America’s profit rose, as its traders brought in more revenue from spurred client activity in the fourth quarter due to increased volatility in the markets. Softening US labour…
JPMorgan profit falls on one-time Apple card deal charge
Profit fell to US$13 billion, or US$4.63 per share, in the three months ended December 31 JPMorgan Chase’s profit fell in the fourth quarter as it took a one-time charge tied to its…
Shares in Primark Parent ABF Begin Slow Recovery After Shock Profit Warning
LONDON – Shares in Primark’s parent Associated British Foods began a slow recovery following Thursday’s shock profit warning due to shrinking sales at the value retailer. The shares were…
Uniqlo owner Fast Retailing reports jump in quarterly profit, raises annual forecast
It benefits from strong sales at home, and expansions in Europe and North America The Japanese operator of the Uniqlo clothing brand, Fast Retailing, on Thursday (Jan 8) said its…
Samsung expects record Q4 operating profit, beating expectations
Samsung Electronics on Thursday projected a 208 per cent jump in fourth-quarter operating profit from a year earlier, beating analysts’ estimates as tight supply and a surge in artificial…
Jefferies takes US$30 million hit on First Brands as profit drops
Jefferies Financial Group posted a drop in quarterly profit as the bank took a US$30 million pre-tax loss tied to the collapse of auto-parts supplier First Brands Group. Net earnings for…
ExxonMobil signals lower oil prices could hit fourth-quarter upstream profit
US OIL major ExxonMobil said on Wednesday that lower crude oil prices could cut its fourth-quarter upstream earnings by about US$800 million to US$1.2 billion. Oil prices declined 9.2 per…