Glencore said annual revenue declined on weak coal prices, and earnings plunged after the company took impairment charges linked to its zinc and cobalt assets. HSBC said fourth-quarter earnings plunged after it took charge of its investment in Shanghai-based BoCom.
Barclays announced a sharp fall in annual earnings in 2023, and said it plans to return 10 billion pounds to shareholders over the next three years. InterContinental Hotels Group said annual net income soared and it expanded its stock repurchase plan.
Temenos rebounded after the Swiss software developer reiterated its financial outlook and refuted charges from the U.S.-base short-seller Hindenburg Research.
NatWest Group reported a record annual profit since the financial crisis in 2007. Swiss Re said annual profit in 2023 improved because of improvements in its property and casualty segments.
Commerzbank announced a stock buyback plan after net income soared in the fourth quarter and full-year 2023. Airbus announced a special dividend supported by strong annual results. Schneider Electric lifted its dividend. Pernod Ricard lowered its current year outlook.
Randstad announced its plans to return capital to shareholders. TUI reported a narrowed loss in the fiscal first quarter after more travelers bought higher-priced tour packages. Siltronics forecasted flat revenue in the current year and trimmed its dividend payout.
LVMH-backed private equity group announced its plans to acquire a stake in Italian luxury group Tod's. Nordex said 2023 sales surpassed its own target range.
Hermes said fourth-quarter sales surged. Ubisoft sales exceeded its own target. L'Oreal missed sales expectations. Carl Zeiss said pre-tax earnings declined on flat sales in the first quarter.
BAT announced plans to lower its stake in its India-based ITC. Unilever launched a stock buyback plan. Unibail-Rodamco-Westfield forecasted a return to profitability in the current year. Maersk reported a loss in the fourth quarter.
Vestas swung to an annual profit. Pandora announced a stock repurchase plan. Siemens Energy reiterated its fiscal full-year outlook. Sainsbury said sales in the holiday quarter declined.
BP hiked its quarterly dividend and announced a stock repurchase plan. Beiersdorf increased its dividend and said it plans to launch its stock buyback plan in May. Aurubis reiterated its annual outlook.
UniCredit said it plans to distribute 100% of its annual profit through stock repurchases and dividends. Societe Generale announced a management reorganization. Delivery Hero reported its financial metrics in line with its target.
Electrolux reported a sharply higher annual loss in 2023. Husqvarna reported a smaller-than-expected loss in the fourth quarter. Wizz Air said the passenger count jumped in January.
Glencore announced additional weakness in production volumes of copper, nickel, and cobalt. Sanofi missed fourth-quarter earnings. Deutsche Bank plans to hike shareholder payouts.
