By Allison Lampert and Utkarsh Shetti (Reuters) -Howmet Aerospace raised its 2025 profit forecast on Thursday, despite impacts from U.S. tariffs, sending shares up 7.8% as the maker of castings and fasteners expects to pass on higher costs and sees strong demand from increased jet production. The U.S. aerospace industry is seeking a tariff exemption to alleviate rising production costs and supply- ...
Investing.coom -- Citi Research has upgraded Derwent London (LON:DLN) to "buy" from "neutral," citing low valuation levels and resilient rental dynamics in the prime London office market, in a note dated Thursday. The price target was raised to £27.67 from £24.81, offering an expected total return of 48.2%.The analysts said Derwent’s shares are trading at levels typically seen during financi ...
By Savyata Mishra (Reuters) - McDonald’s (NYSE:MCD) posted a surprise drop in first-quarter global comparable sales on Thursday, as demand from cash-strapped diners in the U.S. and Europe faltered on uncertainty sparked by chaotic tariffs. The world’s largest fast-food chain is navigating the "toughest of market conditions", CEO Chris Kempczinski said as restaurant visits by lower- and middle- ...
By Manya Saini DUBAI (Reuters) - Bank of New York Mellon (NYSE:BK) has received a licence to set up a regional headquarters in Saudi Arabia, it said on Thursday, joining others lured by incentives as the kingdom seeks to boost its appeal as a financial hub. WHY IT’S IMPORTANT Riyadh has been looking to attract more companies to set up their regional headquarters in the kingdom by offering tax ...