By Robert Harvey LONDON (Reuters) – Portugal’s Galp will be gradually restarting units at its Sines oil refinery over the coming days after the major Iberian power outage on Monday forced it to suspend operations, a spokesperson for the company said. In addition to Galp’s plant, oil refineries across Spain operated by Repsol, Moeve, and …
Portugal’s Galp restarting Sines oil refinery over coming days Read More »
By Patrick Wingrove and Sriparna Roy (Reuters) – Novo Nordisk said on Tuesday it was working with telehealth firms Hims & Hers, Ro and LifeMD to sell Wegovy, as it looks to stem sales of copies of its popular weight-loss drug and expand access to cash-paying patients. Shares of Hims & Hers jumped more than …
Novo Nordisk to sell Wegovy through telehealth firms to cash-paying US customers Read More »
By Jaspreet Singh (Reuters) – Spotify forecast second-quarter profit below market estimates on Tuesday due to employee salary-related taxes, taking the shine off its strong subscriber growth and sending the shares of the Swedish music-streaming firm down 7%. The company’s profitability is closely watched by investors looking for signs that it can bolster margins after …
Spotify’s high payroll taxes hurt profit, shares slide Read More »
By Helen Reid LONDON (Reuters) – Vinted, an app where users buy and sell second-hand clothes, reported a 36% increase in revenue for 2024 on Tuesday and said its profit more than quadrupled, as more shoppers opt for cheaper used items instead of new. Vinted has benefited as inflation-weary European consumers slashed their spending on …
Second-hand clothes app Vinted reports jump in revenue and profit Read More »
By Sukriti Gupta and Nikhil Sharma (Reuters) -European shares extended gains to a sixth session on Tuesday, with financials giving support following earnings from HSBC and Deutsche Bank, though focus was on how companies are assessing the implications of U.S. tariffs. The pan-European STOXX 600 index ended 0.4% higher, with the aerospace and defence index …
Earnings-driven moves take STOXX 600 to sixth consecutive daily gain Read More »
(Reuters) -British stocks ended higher on Tuesday, led by gains in bank shares, with markets responding positively to news about automotive tariffs. The White House said U.S. President Donald Trump would sign an executive order on Tuesday to soften the impact of his automotive tariffs, giving some relief to cautious investors. The blue-chip FTSE 100 …
Bank stocks boost UK equities; tariff developments in focus Read More »
PARIS (Reuters) -Casino said on Tuesday that first-quarter comparable sales declined 1.2% to 2 billion euros ($2.28 billion), marking a sequential improvement from a 1.8% decline in the fourth quarter 2024, which the French food retailer said was confirmed by a positive trend since early April. The owner of the Monoprix, Franprix and Naturalia brands, …
French retailer Casino Q1 sales sequentially improve Read More »
(Reuters) -British semiconductor company Alphawave IP Group on Tuesday said the UK takeover panel has extended the deadline for a takeover offer by U.S. chipmaker Qualcomm to May 12. Alphawave said it is in discussions with Qualcomm and, accordingly, agreed to extend the previous deadline of April 29 for the U.S. chipmaker to make a …
UK takeover panel gives Qualcomm more time to make bid for Alphawave Read More »
(Reuters) -Activist investment firm Engine Capital wants Lyft to consider strategic alternatives, including a sale, piling more pressure in its proxy battle against the ride-sharing platform. The investor, which owns about 1% of Lyft, also accused the company’s board of lacking financial expertise, saying seven of its 10 members did not have much prior experience …
Engine Capital pushes Lyft to explore strategic options, including sale Read More »
ZURICH (Reuters) -Hurricanes, storms, floods and other natural disasters may cause $145 billion in insured losses in 2025, nearly 6% up from 2024 and one of the costliest years on record, reinsurance company Swiss Re said in a report on Tuesday. The year’s projected tally of losses from natural catastrophes covered by insurance compares with …
Costs for climate disasters to reach $145 billion in 2025, says Swiss Re Read More »
