By Gianluca Lo Nostro and Tim Hepher (Reuters) -Airbus flagged short-term production pressures and confirmed a delay to its A350 freighter as it predicted a 7% increase in deliveries to around 820 jets this year, while continuing to clean up troubled space and defence projects. Europe’s largest aerospace group took a fresh charge of 300 …
Airbus sees uptick in 2025 jet deliveries but flags new charges Read More »
(Reuters) -German engineering company Siemens has raised roughly 1.45 billion euros ($1.5 billion) after selling a stake in healthcare subsidiary Siemens Healthineers, with proceeds expected to help pay for its acquisition of U.S. software firm Altair Engineering. The company sold a 2% stake, or 26.5 million ordinary shares, via a private placement, it said late …
Siemens raises around $1.5 billion from selling Siemens Healthineers stake Read More »
(Reuters) -British drugmaker Indivior on Thursday projected a 17% fall in 2025 net revenue at the midpoint of its forecast range, partly hurt by weak sales of its film-form medication-assisted therapy for opiate addiction, sending its shares sharply lower. Shares in the company fell as much as 22.8% to a near four-month low of 670.5 …
UK’s Indivior shares tumble on lower 2025 revenue forecast Read More »
By Anna Peverieri (Reuters) – Electrical equipment maker Schneider Electric on Thursday forecast a bigger than expected rise in its 2025 profit margin, after strong demand from data centres boosted sales in the fourth quarter of last year. The French industrial giant guided for an adjusted earnings before interest, taxes and amortization (EBITA) margin of …
Schneider Electric sees stronger 2025 margin as data centres drive growth Read More »
(Reuters) – Accor, Europe’s largest hotel group by portfolio, reported annual room revenue growth slightly above market expectations on Thursday, driven by higher prices and occupancy rates across its regions. The operator of Sofitel luxury hotels and budget brand Ibis said its revenue per available room (RevPAR), a key performance measure for the hotel industry, …
Accor’s room revenue growth for 2024 slightly beats estimates Read More »
By Gleb Stolyarov and Alexander Marrow (Reuters) – Russian internet firm Yandex reported annual revenues above 1 trillion roubles ($11.22 billion) for the first time on Thursday, in a year when the business underwent a significant restructuring. A Russian consortium of buyers in July finalised a $5.4 billion cash-and-stock deal to acquire Yandex’s Russia-based assets, …
Russia’s Yandex reports record annual revenues for 2024 Read More »
(Reuters) – Italian steel pipe maker Tenaris has warned that a tariff hike by U.S. President Donald Trump on steel and aluminum will create a “high level of uncertainty” for costs and prices in the second half of the year. Trump stunned markets by announcing tariffs of 25% on all steel and aluminum imported into …
Tenaris flags US steel tariff uncertainty, names new finance chief Read More »
(Reuters) – British recruiter Hays’ first-half operating profit more than halved on Thursday, as uncertainty across major European economies crimped hiring. Financial and political upheaval in European powerhouses, Germany, France, and the UK, has slowed permanent and temporary hiring by companies. That, alongside low unemployment and nervousness around global growth, has hit recruiters’ business. “Economic …
Hays first-half profit more than halves on European hiring slump Read More »
(Reuters) – Italian energy group Edison on Thursday forecast a 2025 core profit of between 1.2 billion and 1.4 billion euros ($1.25-1.46 billion) due to a downward trend in energy prices. The Italian subsidiary of France’s EDF posted full-year 2024 earnings before interest, taxes, depreciation and amortisation of 1.71 billion euros, down from 1.81 billion …
Edison forecasts lower 2025 core profit as energy prices fall Read More »
(Reuters) – Aegon posted on Thursday a net profit of 741 million euros ($772.79 million) for the second half of 2024, as operating results and gains from its ASR Nederland stake cushioned the negative impact of restructuring charges. The Dutch insurer expects its annual operating capital generation to reach around 1.2 billion euros ($1.25 billion), …
