Adidas shares rise 5% after hiking 2024 guidance

A Samba shoe on Oct. 12, 2023, in Berlin, Germany.

Thomas Trutschel | Photothek | Getty Images

Shares in Adidas rose on Wednesday after the company announced it would hike its full year 2024 earnings guidance following better-than-expected preliminary results for the second quarter.

Adidas was last up 4.72% at 8:19 a.m. London time.

The German sportswear company on late Tuesday said it was now expecting its operating profit to reach around 1 billion euros ($1.09 billion) across full-year 2024, up from the previously expected 700 million euros.

Adidas said its revenues rose 11% in the second quarter, compared to the previous year.

This is a developing story and will be updated.

Source

World

Roomba maker iRobot files for bankruptcy, pursues manufacturer buyout

December 15, 2025

Roomba vacuums by iRobot are displayed at Best Buy store on January 19, 2024 in San Rafael, California. Justin Sullivan | Getty Images iRobot, the maker of the Roomba vacuum cleaner, filed for bankruptcy protection on Sunday, saying that it would go private after being bought by Picea Robotics, its primary manufacturer. The company, which […]

World

Ukraine gives up joining NATO in bid to shift the dial in Russia peace talks

December 15, 2025

Ukrainian President Volodymyr Zelenskyy meets with British Prime Minister Keir Starmer, French President Emmanuel Macron, and German Chancellor Friedrich Merz at 10 Downing Street, in London, Britain, December 8, 2025. Toby Melville | Reuters Ukraine has said it’s willing to give up its aspirations to join NATO in return for security guarantees, as part of […]

World

European markets start week of central bank meetings in positive territory

December 15, 2025

Flags for the European Union members stand during a ceremony to lay a cornerstone for the new European Central Bank (ECB) headquarters in Frankfurt, Germany. Hannelore Foerster | Bloomberg | Getty Images LONDON — European stocks opened in positive territory at the start of a busy week for Europe’s central banks. The pan-European Stoxx 600 […]