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Aston Martin loss wider than expected, keeps annual outlook intact

Aston Martin loss wider than expected, keeps annual outlook intact

July 29 (Reuters) - Aston Martin's second-quarter loss was worse than market expectations on Wednesday, underscoring the scale of the challenges the luxury carmaker faces as it banks on sales of its Valhalla hybrid supercar and cost cuts to drive a turnaround.

Porsche restructuring starting to pay off, says CEO

Porsche restructuring starting to pay off, says CEO

By Rachel More BERLIN, July 29 (Reuters) - Porsche's restructuring measures have enabled the luxury carmaker to confirm 2026 guidance despite multiple challenges, it said after reporting half-year results on Wednesday.

Ford joins GM in raising profit outlook as wealthy buyers keep truck demand humming

Ford joins GM in raising profit outlook as wealthy buyers keep truck demand humming

By Nora Eckert DETROIT, July 28 (Reuters) - Ford Motor on Tuesday raised its annual profit outlook for a second time this year, following rival GM's move last week, citing "resilient" customers who are buying the company's pricey pickup trucks.

Lamborghini's operating profit falls as geopolitical turmoil shakes luxury car sector

Lamborghini's operating profit falls as geopolitical turmoil shakes luxury car sector

July 29 (Reuters) - Italian luxury sports carmaker Lamborghini reported an over 8% drop in its half-year operating profit on Wednesday, reflecting sector-wide fragility spurred by tariffs and the conflict in the Middle East.

European shares steady as tech weakness offsets US-Iran optimism

European shares steady as tech weakness offsets US-Iran optimism

By Tharuniyaa Lakshmi, Purvi Agarwal and Avinash P July 27 (Reuters) - European shares ended little changed on Monday as losses in technology stocks, led by ASML, stifled a rally fuelled by easing U.S.-Iran tensions and a sharp drop in oil prices.

JetBlue recaptures nearly half of fuel cost surge, beats Street estimates

JetBlue recaptures nearly half of fuel cost surge, beats Street estimates

By Doyinsola Oladipo and Nandan Mandayam July 28 (Reuters) - JetBlue Airways on Tuesday reinstated its annual outlook, beat Street estimates and introduced a profit target for 2028 despite ongoing fuel headwinds due to the Middle East war, sending shares of the low-cost carrier up nearly 10%.

European shares subdued as earnings boost counters tech slide

European shares subdued as earnings boost counters tech slide

July 28 (Reuters) - European shares were subdued on Tuesday as a global selloff in technology stocks was balanced by earnings-driven gains in luxury and consumer stocks, with lower oil prices lending additional support. The pan-European STOXX 600 index held its ground at 645.32, as of 0703 GMT.

Hilton raises annual room revenue growth forecast on World Cup, travel demand

Hilton raises annual room revenue growth forecast on World Cup, travel demand

By Anshuman Tripathy July 28 (Reuters) - Hilton Worldwide Holdings raised its forecast for full-year room revenue growth on Tuesday, betting on growing travel demand, including a boost from the recent World Cup.

Zhongji Innolight raises $6.81 billion in Asia's second-largest listing of 2026

Zhongji Innolight raises $6.81 billion in Asia's second-largest listing of 2026

By Yantoultra Ngui and Roshan Thomas SINGAPORE, July 28 (Reuters) - Chinese optical parts maker Zhongji Innolight said on Tuesday it had priced its Hong Kong listing at HK$980 per H share, raising HK$53.41 billion ($6.81 billion) in Asia's second-largest listing this year.

BMW to cut several thousand jobs in latest blow to German auto sector

BMW to cut several thousand jobs in latest blow to German auto sector

By Christina Amann and Rachel More BERLIN, July 29 (Reuters) - BMW said on Wednesday it will cut several thousand jobs in Germany by the end of 2027 under a voluntary redundancy programme, the latest German carmaker to axe staff in response to squeezed profits and weak demand.

Shein discloses FTC probe in US, warns of significant payments

Shein discloses FTC probe in US, warns of significant payments

By Jody Godoy NEW YORK, July 28 (Reuters) - Shein's U.S. operations are under investigation by the U.S.

Nasdaq falls as AI worries mount ahead of pivotal earnings

Nasdaq falls as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - The Nasdaq fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall Street.