Ryanair posts quarterly loss but says fares could rise this summer
Ryanair (RYA.I) reported a loss of 96 million euros ($107 million) for the final three months of 2021 but said it was hopeful that rivals’ cuts to capacity may help push prices up in the key summer season.
IBM marks strong start to new chapter as cloud revenue booms
IBM (IBM.N) on Monday beat Wall Street estimates for revenue in the fourth quarter, as its focus on the cloud paid off in Big Blue’s first earnings after exiting the slow-growing managed infrastructure business.
Analysis: After explosion in costs, central Europe’s factories are passing on the pain
Czech foundry Benes a Lat has seen its energy bill double in the past year and its finance director is racing to get client contracts rewritten so it can pass on some of the burden.
Goldman profit hit by weaker trading, rising expenses; shares tumble
Shares in Goldman Sachs Group (GS.N) fell as much as 8% Tuesday after Wall Street’s premier investment bank missed quarterly profit expectations, hampered by weaker trading revenues and rising expenses.
UBS appoints JP Morgan Chase executive Youngwood as group CFO
UBS (UBSG.S) has recruited former JP Morgan Chase executive Sarah Youngwood as its group chief financial officer, the Swiss bank said on Wednesday, making a rare female appointment in the highest echelons of European banking.
Deutsche Bank extends profit run on boost from dealmaking fees
Deutsche Bank’s (DBKGn.DE) profits rose a stronger-than-expected 7% in the third quarter, the bank’s fifth straight quarter in the black as fees for advising on deals partly made up for a drop in trading revenue.
