BP said second-quarter net debt should decline to $22 billion-$23 billion from $25.31 billion at the end of the first quarter, while oil trading is expected to be slightly stronger and gas trading broadly unchanged. Upstream production is seen at 2.17 million-2.22 million boe/d, down from 2.34 million in 1Q.
Volkswagen has already agreed about 50,000 job reductions across the group, including Audi and Porsche. In a July 13 staff memo, CEO Oliver Blume said a remaining cost disadvantage of about 20% versus peers mathematically points to roughly 50,000 more cuts, while final measures are still being assessed by brand, company, and region.
Financial Times reporting, cited by Reuters on July 13, said DP World is considering either a new multipurpose port on Fujairah’s Gulf of Oman coast or a container terminal at the existing Fujairah port. The reported concept would allow UAE cargo movements without transiting the Strait of Hormuz, while project structure and financing remain undecided.
Eni said it signed an agreement with Mercuria to create a 50/50 venture that will handle selected energy commercialization and trading activities, including oil, biofuels, natural gas, LNG and LPG, along with related logistics and infrastructure rights. Mercuria said the Geneva-headquartered platform is expected to start operating in 2027, subject to regulatory approvals.
Associated British Foods said its sugar business expects a FY2026 adjusted operating loss of £25 million to £60 million after Q3 sugar sales fell 4%. It said higher gas cost expectations are pressuring the European outlook and could trigger onerous contracts, alongside lower European prices and rain-related production delays in Tanzania.
In the 16 weeks to June 20, 2026, Sainsbury reported like-for-like sales excluding fuel up 2.1%, down from 3.1% in the prior quarter. Total retail sales excluding fuel rose 2.7% to 9.153 billion pounds, with grocery up 3.6%, while general merchandise and clothing fell 3.7% and Argos sales slipped 0.5%.
Virgin Media O2 said the consumer fixed market remained under competitive pressure in Q1 2026, with ARPU pressure and a £468.3 million adjusted free cash flow outflow. The planned £2 billion nexfibre acquisition of Substantial would add wholesale access commitments for Virgin Media O2 and remains subject to regulatory approvals.
Reuters reported on June 26 that Volkswagen is considering closing or winding down production at four German sites and raising planned job reductions to as many as 100,000, with the proposal due for discussion on July 9. Industry surveys show German suppliers are also cutting hiring and delaying investment amid weaker demand, tariffs and competition from Chinese automakers.
Frankfurter Allgemeine Zeitung reported Porsche is considering shifting Cayenne manufacturing, including combustion, hybrid and electric versions, from Bratislava to Leipzig. Porsche said discussions with employee representatives are under way, and the works council confirmed talks remain open. Cayenne production moved fully to Bratislava in 2017.
ZCCM Investments Holdings said on May 5, 2025 that delayed audits at key investee companies prevented publication of FY2024 audited results within UK and Zambian deadlines, prompting a request to suspend its London listing. The FCA restored the listing on July 14, 2025, before a new temporary suspension took effect on May 1, 2026.
Micron reported fiscal third-quarter revenue of $41.46 billion and GAAP net income of $28.24 billion for the period ended May 28, 2026, versus $1.89 billion a year earlier. The company guided fiscal fourth-quarter revenue to about $50 billion and said it has 16 strategic customer agreements tied to roughly $22 billion in commitments.
Reuters, citing the Financial Times, said German officials plan to discontinue the six-ship F126 programme after delays and project issues and instead procure eight smaller MEKO A-200 frigates from Thyssenkrupp Marine Systems. Rheinmetall had been positioned to assume the prime-contractor role, while the Defence Ministry and company had not commented at publication.
Avis Budget said it signed a settlement and release agreement with Pentwater Capital Management and affiliates in a pending action seeking recovery of alleged short-swing profits under Section 16(b). The agreement provides for a $650 million cash payment to Avis, subject to court approval and other customary closing conditions.
Alliance governance arrangements between Renault and Nissan require Renault to avoid using its shareholding to influence Nissan board appointments in certain cases. Under the current alliance structure, Nissan shares held by a French trust are voted neutrally, and the trust must abstain on shareholder proposals that Nissan’s board does not support.
CME Group said Terry Duffy will step down as chief executive and become executive chairman on March 1, 2027, with President and CFO Lynne Fitzpatrick appointed CEO. The board approved the transition on June 16, 2026, and the company said it will begin a search for a new chief financial officer.
Fujitsu said Chairman Hidenori Furuta resigned as director effective June 16 after the board confirmed inappropriate conduct and received his request to step down. The company also withdrew his nomination for election at its June 29 annual shareholders meeting, reducing the number of director candidates to nine from 10.
Starbucks Korea said it will close all stores nationwide at 3 p.m. on June 22 to conduct mandatory training on historical awareness and social sensitivity. The move follows its May 18 promotion for stainless-steel tumblers branded as “SS Tank,” launched on the anniversary of the Gwangju Uprising.
China's motorcycle industry association issued a public proposal urging manufacturers, exporters and parts suppliers to avoid steep discounting and disorderly competition, strengthen intellectual property protection, improve product quality and coordinate overseas market practices. China exported 18.23 million motorcycles in 2025, according to the association.
Flutter said it intends to delist from the London Stock Exchange in August 2026 and retain its primary listing on the New York Stock Exchange. The company said the move reflects trading activity in its shares on the LSE and the additional costs associated with maintaining the listing.
Britain’s Competition and Markets Authority has opened an investigation into whether Ryanair’s mandatory family seat charge, usually about GBP8 each way, may breach consumer law. The review covers whether the fee effectively charges parents for seating linked to child-safety and disability obligations and how the charge is presented during booking.
Airbus is reviewing whether to proceed sooner with a larger, stretched version of its A220 jet after expectations that the program could move closer to launch this year, sources said. The company has signaled it is assessing technical and market factors, including the aircraft’s potential range and customer considerations.