LONDON (Reuters) – Pharma giant AstraZeneca urged Britain to improve the environment for businesses in order to drive investment, days after it scrapped plans to build a 450 million pound ($558.86 million) vaccine plant because of a cut to government support. Prime Minister Keir Starmer’s plan to stimulate growth in Britain’s stagnant economy by attracting …
AstraZeneca CEO: UK must improve investment environment Read More »
(Reuters) -Linde, the world’s largest industrial gases company, sees slightly slower earnings growth in the first quarter of 2025, citing unfavourable currency exchange effects. The U.S.-German company, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, expects the first quarter adjusted earnings per share to be in a range of $3.85 …
Linde sees slower 1st quarter earnings on unfavourable currency effect Read More »
By Mathieu Rosemain PARIS (Reuters) -France’s Societe Generale doubled its profit in the fourth quarter thanks to a rebound in retail banking and strong equity trading, with shareholder payouts at the high end of expectations lifting its shares. SocGen CEO Slawomir Krupa has so far struggled to convince investors of his turnaround plan. But his …
SocGen shares soar as French retail rebound helps fuel quarterly profit jump Read More »
By Greta Rosen Fondahn (Reuters) -Sterling fell against the dollar on Thursday, on track for its biggest daily drop in about a month, as investors awaited the outcome of the Bank of England’s meeting, at which the central bank is widely expected to cut interest rates. Markets are pricing in a 94% chance the BoE …
Sterling drops ahead of Bank of England rate decision Read More »
(Reuters) – Norwegian telecom operator Telenor reported fourth-quarter core operating earnings in line with estimates on Thursday and forecast low single-digit organic growth in Nordic service revenues in 2025. The company also said it expects mid-single-digit organic growth in earnings before interest, taxes, depreciation and amortization (EBITDA) in the Nordic region for 2025, and low-to-mid …
Telenor sees low single-digit growth in 2025 Nordic service revenues Read More »
PARIS (Reuters) – The French Senate approved on Thursday the 2025 budget, sending it to the constitutional council to review. If the council approves the legislation, President Emmanuel Macron can then sign it into law, ending a political imbroglio that toppled one government and rattled markets. The budget aims to reduce the deficit by trimming …
By Marie Mannes and Nick Carey STOCKHOLM (Reuters) -Volvo Cars warned on Thursday that 2025 would be a tumultuous and competitive year during which it might struggle to match its 2024 sales performance and profitability, sending its shares down 9.2%. “We’re going to see more turbulence,” Volvo CEO Jim Rowan told Reuters after the Swedish-based …
Volvo Cars warns 2025 will be turbulent and competitive, sales plunge Read More »
LONDON (Reuters) -British households’ expectations for inflation ended a run of increases and fell in January, according to a monthly survey published by Citi and YouGov on Thursday. The survey showed expectations for inflation in a year’s time fell to 3.5% in January from 3.7%. For five to 10 years’ time, expectations eased to 3.7% …
UK inflation expectations fall in January, Citi/YouGov survey shows Read More »
By Louise Rasmussen COPENHAGEN (Reuters) -Orsted, the world’s biggest offshore wind power developer, said on Thursday it expected core profit this year to be equal to, or above 2024, a day after cutting investment plans for coming years, sending its shares higher. After the market close on Wednesday, Orsted said it had decided to scale …
Wind power developer Orsted sees 2025 core profit equal to or above 2024 Read More »
By Anna Chaberska (Reuters) – Swedish miner Boliden reported a bigger-than-expected rise in fourth-quarter core earnings on Thursday, sending its shares more than 7% higher, even though the company scrapped its dividend for last year. Boliden cancelled its ordinary dividend for 2024 to reduce the expected new share issue associated with the acquisitions of the …
Swedish miner Boliden beats core profit view, but scraps dividend Read More »
