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Company news from ShareCast

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Tesla announces plans to cut 400 jobs in Germany

Tue 23 April 2024 15:30

(Sharecast News) - Tesla is set to trim around 400 positions at its German gigafactory near Berlin, it emerged on Tuesday, accounting for 3% of the factory's total workforce.

UPS tops Q1 profit forecasts but misses on revenue

Tue 23 April 2024 15:28

(Sharecast News) - American transport and logistics giant United Parcel Service saw shares rise on Tuesday after quarterly profits beat analysts' forecasts, even though revenues fell more than expected.

Getir investors said to fund European exit with new cash injection

Tue 23 April 2024 15:19

(Sharecast News) - Investors in grocery delivery app Getir, which at one point attained a valuation of almost £10bn, are reportedly set to inject yet more money into the company to fund its exit from the UK and Europe.

BoE's Huw Pill says rate cuts still some way off

Tue 23 April 2024 12:51

(Sharecast News) - The Bank of England's chief economist, Huw Pill, said on Tuesday that rate cuts were still "some way off".

GM lifts full-year outlook after strong Q1

Tue 23 April 2024 12:09

(Sharecast News) - US auto giant General Motors on Tuesday lifted its profit and cash flow guidance for the full year after a strong first quarter in which it beat market forecasts.

PepsiCo Q1 profit boosted by international performance

Tue 23 April 2024 11:55

(Sharecast News) - US soft drinks and snack firm PepsiCo reported a rise in first-quarter earnings and sales on Tuesday, underpinned by a strong international performance.

Spotify Q1 revenues rise, but user numbers miss estimates

Tue 23 April 2024 11:42

(Sharecast News) - Music streaming service Spotify missed its own active user estimates in the first quarter but reported a 20% rise in revenue.

Wednesday preview: US corporate results, Lloyds in the spotlight

Tue 23 April 2024 10:43

(Sharecast News) - The market spotlight on Wednesday will be firmly on the U.S., as the latest quarterly results from the country's tech heavyweights continue to roll in.

Expanded use of Cosentyx drug sees Novartis raise expectations

Tue 23 April 2024 10:03

(Sharecast News) - Swiss pharmaceutical giant Novartis raised its full-year guidance Tuesday after beating expectations in its first quarter.

Renault's Q1 revenues held back by FX movements

Tue 23 April 2024 09:47

(Sharecast News) - French carmaker Renault beat forecasts with its first-quarter results, though shares fell as sales from the automotive division were held back by currency movements.