By Alberto Chiumento (Reuters) – European chemicals maker DSM-Firmenich on Thursday announced a new share buyback program and said it expected its adjusted core profit to rise to at least 2.4 billion euros ($2.5 billion) in 2025. The group, born out of a 2023 merger of Dutch DSM and Swiss Firmenich, said it would launch …
DSM-Firmenich to launch up to 1 billion euro buyback after strong results Read More »
MILAN (Reuters) – Ferrero, the maker of the Nutella hazelnut spread, reported on Thursday an 8.9% increase in turnover in the financial year ending on August 31, to 18.4 billion euros ($19.2 billion), despite volatile commodity prices and inflationary pressures. The group, founded in Italy and headquartered in Luxembourg, said that it had increased its …
Nutella maker Ferrero reports 8.9% increase in revenues Read More »
FRANKFURT (Reuters) – Thyssenkrupp aims to “finalise” a planned spin-off of a minority stake in its warship division in the course of 2025, the group’s Chief Executive Miguel Lopez told analysts on Thursday following the presentation of first-quarter results. His comments are the most specific indication of when the spin-off of Thyssenkrupp Marine Systems, which …
Thyssenkrupp targets warship division spin-off in 2025 Read More »
By Greta Rosen Fondahn (Reuters) -Sterling jumped on Thursday after data showed the British economy unexpectedly grew in the final quarter of last year, offering a brief respite from an otherwise downbeat economic outlook. The pound rose to $1.25155 against the dollar after the data, its highest in over a week. It was last up …
Sterling rises after data shows surprise growth in UK economy Read More »
WARSAW (Reuters) – Google has signed a memorandum of understanding with Poland about speeding up the adoption of Artificial Intelligence, CEO Sundar Pichai said on Thursday. “We are excited to announce a new memorandum of understanding to use AI to drive economic growth and help transform sectors, including cybersecurity, health, and energy,” he told a …
By Toby Sterling AMSTERDAM – Nearfield Instruments is eying a stock market listing in the next three years amid growing adoption of its measurement tools, its CEO told Reuters, potentially giving the Netherlands another publicly-listed computer chip equipment maker. “We are planning for IPO in 2027, 2028 at the latest,” Hamed Sadeghian said. “It depends …
Dutch chip equipment maker Nearfield planning IPO by 2028, CEO says Read More »
LONDON (Reuters) – The Bank of England on Thursday allotted a record 54.666 billion pounds ($68.30 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record set last week of 53.417 billion pounds. ($1 = 0.8004 pounds) (Writing by William Schomberg; editing by David Milliken)
By Raechel Thankam Job (Reuters) -Coca-Cola HBC’s operating profit rose more than analysts had expected last year due to steady demand for coffee, energy and other ready-to-drink products, sending the bottler’s shares nearly 8% to a record high on Thursday. Demand for sodas and energy drinks has held up in an otherwise declining packaged food …
Bottler Coca-Cola HBC’s full-year results top expectations, shares surge Read More »
By David Milliken and Andy Bruce LONDON (Reuters) -Britain’s economy unexpectedly grew by 0.1% in the final quarter of last year, official figures showed on Thursday, offering some respite from the downbeat economic picture facing finance minister Rachel Reeves, though longer-term challenges remain. Economists polled by Reuters had forecast that British gross domestic product would …
UK economy unexpectedly picked up in late 2024, outlook for 2025 still ‘sluggish’ Read More »
YOKOHAMA, Japan (Reuters) -Nissan on Thursday reported a sharp drop in third-quarter profit and cut its full-year outlook for the third time, in a sign of deepening turmoil at the Japanese automaker after it pulled out of merger talks with rival Honda. Nissan, whose shares have been battered by poor performance in key markets China …
Nissan cuts annual profit forecast for third time, pledges turnaround action Read More »
