BP Comes Clean, Porsche Sinks, Rheinmetall Surges
On this episode of Stock Movers:- BP’s finances took another battering in the first quarter, with a slump in cash flow and rising debt forcing the company to cut its buyback to the low end of its target range. The company was already seen as the most vulnerable oil major to weakening markets, and its first-quarter earnings reinforced that view.- Porsche said its profit margin will slip into single digits this year, with the luxury-car maker warning about US tariffs and higher costs from weak electric-vehicle adoption. The German manufacturer now expects return on sales to fall to as low…
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