By Jesus Calero (Reuters) -Sweden’s Husqvarna reported first-quarter operating profit below expectations on Thursday, hit by soft demand in North America, currency headwinds and lower prices, while CEO Pavel Hajman said he would step down. Husqvarna’s earnings before interest and tax fell 21% to 1.53 billion Swedish crowns ($157.97 million), missing analysts’ average forecast of …
(Reuters) -British construction and infrastructure group Balfour Beatty said on Thursday it had secured a contract worth $889 million from the Texas Department of Transportation to reconstruct part of the state’s Interstate 30 highway. Under the contract, the London-headquartered company said it will reconstruct a 3.7 kilometre (2.3 miles) section of the route on the east …
UK’s Balfour Beatty secures $889 million Texas highway contract Read More »
LONDON (Reuters) -Standard Chartered has hired former UniCredit banker Andrea Casati as head of client development for its global banking business, the British-based lender said on Thursday. Casati will be based in Hong Kong and work to expand the bank’s client base and increase cross-selling of products, a key part of the lender’s wider strategy …
StanChart appoints former UniCredit banker Casati head of client development Read More »
(Reuters) -Vontobel Holding on Thursday said assets under management had increased to 235.1 billion Swiss francs ($283.80 billion) in the first quarter of 2025, but disappointing outflows from institutional clients weighed on shares. Assets under management grew by 2.6% compared to year-end 2024, largely driven by the acquisition of private bank IHAG’s client book and …
Vontobel reports higher assets under management in Q1, more institutional outflows Read More »
(Reuters) -UK’s AJ Bell reported a 13% jump in second-quarter assets under administration for its platform business on Thursday, as market volatility from global tariffs and broader macroeconomic uncertainty bolstered trading activity. Customers flocked to the company’s trading platform as they sought to navigate the chaos that ensued following U.S. President Donald Trump’s back-and-forth tariff …
AJ Bell’s assets jump as tariff-led volatility boosts trading Read More »
By Andres Gonzalez LONDON (Reuters) -Spain’s Cellnex, Europe’s largest mobile phone tower operator, can maintain its investment grade credit rating and dividend payments without the need for additional asset sales, CEO Marco Patuano told Reuters. Cellnex has been focused on cutting down debt through asset sales to get a rating upgrade a year ago. After …
By Leo Marchandon, Johan BODINIER (Reuters) -French telecom operator Orange on Thursday reported first-quarter core profit in line with market expectations, citing good performance of its retail activities, which grew 2.4%. Earnings before interest, taxes and depreciation and amortisation after leases – a common metric used by telecom firms to measure core profit – rose …
PARIS (Reuters) -French mining group Eramet maintained its full-year output targets on Thursday despite reduced manganese and nickel volumes that contributed to flat first-quarter sales. The company, which reported adjusted quarterly sales of 742 million euros ($842 million), said that sales volumes for its manganese mine in Gabon fell 15% year on year, curbed by …
Mining group Eramet keeps 2025 output targets despite Q1 setbacks Read More »
(Reuters) -Dutch geological data specialist Fugro said it would cut more jobs and shift focus to different business segments after confirming a drop in first-quarter revenue on Thursday, hit by a pause in new U.S. offshore wind projects. The company also cited a highly volatile global market environment. Sales fell 11.1% to 450 million euros …
Geo-data firm Fugro cuts workforce, shifts business mix as US weighs Read More »
By Maggie Fick LONDON (Reuters) -AstraZeneca Chief Executive Officer Pascal Soriot said on Wednesday that just like Europe has stepped up its defence spending it now must do the same and invest more to protect its health sovereignty amid a shifting world order. Soriot was responding to a Reuters request for comment on a letter …
AstraZeneca CEO says Europe must invest more to protect its ‘health sovereignty’ Read More »
