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Puma reports Q1 operating profit beat helped by inventory clearance

April 30 (Reuters) - German sportswear maker Puma on Thursday reported a first-quarter operating profit that beat expectations, supported by inventory clearance and lower operating expenses. Its earnings before interest and taxes (EBIT) rose 19.6% to 51.9 million euros ($60.53 million), compared with analysts' estimates... Read More.

Volkswagen profit drops in first quarter

BERLIN, April 30 (Reuters) - Volkswagen on Thursday reported an unexpected 14% decline in operating profit at the start of the year as it faces tariff pressures, geopolitical uncertainty and stiff competition from Chinese brands. The German auto group, which includes subsidiaries Porsche and Audi,... Read More.

ArcelorMittal beats earnings view as EU steel measures begin to bear fruit

By Javi West Larrañaga April 30 (Reuters) - ArcelorMittal, the world's second-largest steelmaker, reported stronger-than-expected core earnings on Thursday, helped by higher steel prices and improved performance in its North America business. The Luxembourg-based company posted first-quarter core earnings of $1.68 billion, beating analysts' average estimate... Read More.

Analysis-Big funds bet billions on mining supercycle

By Clara Denina, Pratima Desai and Melanie Burton LONDON, April 30 (Reuters) - Major fund managers are heralding a sustained rally in mining and metals as money floods into the sector at the fastest pace in years, driven by robust AI infrastructure, rising defence spending... Read More.