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Mondi profits fall on weaker demand, prices

Paper and packaging giant Mondi reported lower full-year profits on the back of weaker demand and lower prices, with the latter continuing into the first quarter of 2024.

Lloyds FY profit soars, puts aside £450m for motor finance probe

Lloyds Bank on Thursday reported a 57% jump in full-year profits and announced another £2bn share buyback, but also set aside £450m for the regulatory probe into UK motor financing.

HSBC shares fall as earnings miss forecasts on China exposure

Shares in HSBC fell on Wednesday as a record jump in annual profits missed forecasts after it was forced to take a $3bn hit from its exposure to a Chinese bank.

BAE beats forecasts, sees 10% sales rise amid global tensions

BAE Systems reported better-than-expected full-year profits and said sales would grow further this year as the rise in geopolitical tensions drove increases in military spending by governments.

BHP in massive nickel write-down after prices collapse

Annual profits at Australian mining giant BHP slumped after it took a massive hit on its nickel operations and the financial after-effects of the 2015 Samarco dam disaster in Brazil continued to dog the company.

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