4 d. ago Jaguar Land Rover sees profits almost halve after US tariff hit

The luxury car maker reported a 49.4% plunge in underlying pre-tax profits to £351 million in its first quarter to the end of June.

Economics

6 d. ago Toyota reports a 37% drop in profit, cuts its forecast due to Trump's tariffs

Toyota has reported its profit plunged 37% in the April-June quarter and it lowered its full year earnings forecasts, largely because of President Donald Trump’s tariffs

Politics

6 d. ago Sony raises its profit forecast after saying it expects less damage from Trump's tariffs

Japanese entertainment and electronics company Sony says its profit surged 23% in the last quarter from the year before, as damage from U.S. President Donald Trump’s tariffs was less than it had expected

Politics

6 d. ago Honda quarterly profits drop by half as carmaker feels effects of Trump tariffs

Fall in operating profits also due to losses on electric car sales in US but drop is less than manufacturer estimatedBusiness live – latest updatesThe Japanese carmaker Honda has reported a 50% drop in quarterly profits as it counted the cost of Donald Trump’s tariffs and electric vehicle policies, even as it said the full impact would be less than its worst expectations.The manufacturer’s operating profits fell by half to 244bn yen (£1.2bn) in the three months to June, according to financial results published on Wednesday. That was mainly because of a 124bn yen hit from tariffs, as well as 113bn yen in losses on electric car sales in the US. Continue reading...

Politics

6 d. ago ChatGPT firm OpenAI could be valued at $500bn in share sale; Honda Motor profits halve as tariffs bite – business live

Rolling coverage of the latest economic and financial newsOpenAI takes on Meta and DeepSeek with free and customisable AI modelsProfits at Japanese automarket Honda have halved in the last quarter, as Donald Trump’s trade war hit their earnings.Honda, which is Japan’s second-largest carmaker, has reported quarterly operating profit of ¥244.2bn (£1.24bn) for April-June, missing analyst forecasts of ¥311.7bn.“We’re excited to make this model, the result of billions of dollars of research, available to the world to get AI into the hands of the most people possible.” Continue reading...

Economics

7 d. ago BP to cut 6,200 jobs as it launches second business review in 6 months

Oil major raises dividend after reporting adjusted profits of $2.4bn for second quarter

Politics

7 d. ago BP begins costs review as quarterly profits of £1.77bn beat forecast

Oil and gas group trying to fend off activist investors says it ‘can and will do better’ for its shareholdersBusiness live – latest updatesThe oil and gas group BP is launching a fresh cost-cutting scheme, despite reporting better-than-expected profits, as it tries to do more for its shareholders to fend off pressure from activist investors.It said it would begin a fresh review of its business when its new chair joins in September. Continue reading...

Economics

7 d. ago BP launches fresh costs review; Trump attacks ‘woke’ JLR as it announces new boss – business live

Rolling coverage of the latest economic and financial newsOvernight, UK luxury-car maker Jaguar Land Rover has named a new CEO – winning a blast from Donald Trump.JLR named P B Balaji, the finance boss of parent company Tata Motors, as its new chief executive, increasing the Indian owner’s influence over the company.The CEO just resigned in disgrace, and the company is in absolute turmoil. Who wants to buy a Jaguar after looking at that disgraceful ad.Shouldn’t they have learned a lesson from Bud Lite, which went Woke and essentially destroyed, in a short campaign, the Company. Continue reading...

Economics

3 w. ago Ryanair profits more than double on Easter timing and fare hikes

The group reported first quarter profits of 820 million euros (£710.3 million), up from 360 million euros (£311.8 million) a year ago.

Economics

3 w. ago Netflix announces record $11 billion revenue as fans rip slate of ‘garbage’ shows

The streaming service’s record second quarter earnings equated to $3.1 billion in net profit

Economics