John Lewis Partnership warns staff on annual profit target

• Commerzbank posts 20% hike in annual profit and launches new share buyback as it wards off UniCredit

  Commerzbank on Friday unexpectedly released quarterly results, touting "record" annual profit and announcing a new share buyback scheme.
  
  CNBC - 1h

• World’s largest sovereign wealth fund reports record $222 billion annual profit on tech rally

  Norway’s sovereign wealth fund reported its full-year earnings on Wednesday.
  
  CNBC - 2d
• 

  Givaudan Reports Profit Rise, Expects to Exceed Five-Year Sales Target

  The flavor-and-fragrance company said full-year net profit for 2024 rose 22% to $1.2 billion, beating analyst expectations.
  
  The Wall Street Journal - Jan. 24

• Boeing books charges and warns on fourth-quarter revenue and profit

  Aerospace group cites $2.8bn hit from last year’s strike, lay-offs and rising defence business costs
  
  Financial Times - Jan. 23
• 

  Schaeffler Warns of Profitability Shortfall Amid Tough Autos Environment

  The car-parts supplier warned that profitability fell short of its guidance and consensus expectations last year, the latest sign of challenges facing the European auto market.
  
  The Wall Street Journal - Jan. 22
• 

  China's annual GDP growth meets target of 5% as stimulus measures kick in

  China’s economy expanded by 5% year on year in 2024, with an upswing in the final quarter of the year, as a flurry of stimulus measures kicked in and helped meet Beijing’s growth target.
  
  NBC News - Jan. 17

• TSMC cuts profitability target as cost of diversifying supply chains bites

  World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demand
  
  Financial Times - Jan. 16

• FanDuel’s parent company just issued a profit warning. Blame the Detroit Lions.

  There aren’t enough upsets in the National Football League, and that’s upsetting for investors in sports betting companies including Flutter Entertainment, the owner of FanDuel.
  
  MarketWatch - Jan. 8
• 

  Annual ‘winners’ for most egregious US healthcare profiteering announced

  Selling body parts without consent and billing desperate parents $97,599 for air transport among worst examples. The 2024 “winners” of the annual Shkreli awards , given each year to perpetrators ...
  
  The Guardian - Jan. 7

More from Financial Times

• 

  AstraZeneca ditches plan to build £450mn UK vaccine plant

  Decision is a blow to Starmer’s government after setting out pro-growth pitch to investors
  
  Financial Times - 1h
• 

  Is Wall Street ready to stay up all night?

  The New York Stock Exchange is looking to trade for 22 hours a day — raising thorny questions about how equity markets function
  
  Financial Times - 10h
• 

  Lagarde and Von der Leyen: Europe has got the message on change

  We can no longer squander our strengths with self-imposed handicaps. There is too much at stake
  
  Financial Times - 1h
• 

  Trump has made a good start

  A series of early moves has breathed fresh life into the business community
  
  Financial Times - 10h
• 

  Nvidia boss Huang set to meet Trump at White House

  Meeting had been arranged before news about advances in artificial intelligence by China’s DeepSeek
  
  Financial Times - 16m

More in Business

• TikTok’s traffic bounces back despite being pulled off app stores, fears of shutdown

  TikTok has maintained about 90% of its user traffic in the U.S., despite briefly going offline and being removed from the Apple and Google app stores.
  
  CNBC - 11m

• Trump says 25% tariffs on Mexico and Canada may not include oil: 'Oil is going to have nothing to do with it as far as I’m concerned'

  The president confirmed his long-threatened tariffs will come into effect on Saturday, and said they “may or may not rise with time.”
  
  CNBC - 11m

• Here’s what the Apple bears are getting wrong about the stock

  Apple Intelligence may not be the dud that skeptics thought. And while China pressure is real, other emerging markets are compensating.
  
  MarketWatch - 12m
• 

  Nvidia boss Huang set to meet Trump at White House

  Meeting had been arranged before news about advances in artificial intelligence by China’s DeepSeek
  
  Financial Times - 16m
• 

  Official Email Urges Federal Workers to Find More Productive Jobs

  On Thursday, vast numbers of the government work force received an “F.A.Q.s” e-mail on how to leave their “lower productivity jobs” in government for more productive ones in business.
  
  The New York Times - 17m