Royal Dutch Shell ‘A’ (RDSA) profits halve in ‘challenging’ economic conditions. The energy major says it will slow the pace of its share buyback programme.
Deutsche’s investment bank shows signs of recovery. The German lender reported a sharp rise in revenue from bond trading and advising on debt sales.
Facebook has slowest growth since IPO as privacy rules bite. Shares fell more than 7% after Wall Street close despite revenues beating expectations.
Japan issues arrest warrants for Ghosn’s alleged US accomplices. Three men, including a former Green Beret and his son, accused of helping former Nissan boss flee.
BT Group (BT.A) warns UK cap on Huawei will cost it £500m. Shares drop after first clear signal of impact on the telecoms sector.
DuPont’s 2020 forecast disappoints as nylon price pressure persists. The chemicals company has cut costs and reduced its asset footprint.
Apollo and Blackstone build $250bn ‘permanent capital’ war chest. The new business model cements power of biggest US private equity firms.
Altria writes down Juul investment by a further $4.1bn. The tobacco group cuts forecasts on rising e-cigarette litigation costs and political backlash.
Virgin Money UK PLC (VMUK)’s chief financial officer to leave for Nordea. Ian Smith will join revamped top team at Helsinki-based lender later this year.
Deloitte handed record insolvency fine over Comet failures. Collapse in 2012 of loss making electricals retailer left taxpayers with £44m bill.
Diageo (DGE) cuts sales outlook as trade uncertainty weighs. The world’s biggest spirits maker knocked by global volatility and India slowdown.
Unilever (ULVR) to review global tea business amid slow growth. The consumer goods group will review the future of brands including PG Tips and Lipton.
Belgian tax authority drops part of Frasers Group Plc (FRAS)’s tax probe. The cloud of uncertainty was removed from the retailer formerly known as Sports Direct.
