Reuters UK Business

Luxury logistics group Ferrari aims for 822 million euro valuation in Amsterdam listing

6 Feb 2025

MILAN (Reuters) – Luxury logistics company Ferrari Group on Thursday set a price range for its initial public offering of between 8 euros and 9 euros per share, giving the company an indicative market capitalisation of up to 822 million euros ($851.84 million). The offer starts on Thursday and will run to February 12, with …

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Swiss biotech BioVersys gets $235 million valuation after completing flotation

6 Feb 2025

ZURICH (Reuters) – Swiss biotech BioVersys, which develops treatments for serious infections caused by drug resistant bacteria, has completed its initial public offering with an implied market valuation of 213 million Swiss francs ($235.46 million). Just over 2.2 million shares were placed by the Basel-based company in the all-primary offering at 36 francs per share, …

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GSK launches $2.5 billion buyback, lifts sales target after stellar Q4

6 Feb 2025

By Yadarisa Shabong (Reuters) -GSK launched a 2 billion pounds ($2.5 billion) share buyback on Wednesday and lifted its long-term sales target to nearly $50 billion, betting that growing sales of its HIV and cancer drugs will make up for pressures on its vaccines revenue. GSK’s shares were up 6% at 1342 GMT after the …

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Wegovy maker Novo Nordisk says surging growth driving emissions higher

6 Feb 2025

By Maggie Fick and Alison Withers LONDON/COPENHAGEN (Reuters) – Novo Nordisk emissions grew 23% in 2024, the company said on Wednesday, and will keep rising through the end of the decade as it boosts production of blockbuster obesity drug Wegovy. The company is spending billions to ramp up its Wegovy output as demand soars. “Emissions …

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Piraeus in exclusive talks with CVC to buy 70% of Greek insurer Ethniki

6 Feb 2025

ATHENS (Reuters) – Piraeus Financial, one of Greece’s four largest banks, said on Thursday that is in exclusive talks with CVC Capital Partners to acquire 70% of Ethniki Insurance. Piraeus CEO Christos Megalou told journalists earlier this week that a possible acquisition of Greece’s second largest insurer would help it raise fee revenues to 30%, …

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Caterer Compass’ first-quarter revenue beats expectations

6 Feb 2025

By Yadarisa Shabong and Anandita Mehrotra (Reuters) -Compass reported first-quarter organic revenue growth of 9.2% on Thursday, ahead of market expectations, as the British catering group benefited from strong demand at its canteens, especially in North America and Europe. The world’s largest food catering firm, which serves offices, hospitals and universities in about 30 markets, …

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Siemens Healthineers shares rise on Q1 revenue beat despite China order delays

6 Feb 2025

By Marleen Kaesebier (Reuters) -German medical technology company Siemens Healthineers on Thursday reported first-quarter revenue slightly above consensus, rising 5.5% at market open, as its U.S. revenues increased by 16% while those from China declined 6% due to “continued delays in customer orders”. Like its healthcare technology sector peers, Siemens Healthineers has been struggling against …

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Europe needs more power grid interconnection, new output, Vattenfall CEO says

6 Feb 2025

OSLO (Reuters) – Europe needs to increase its electricity transmission capacity and fossil-free power generation to ensure energy security, the CEO of Swedish utility Vattenfall said on Thursday as the company reported a steep drop in fourth quarter earnings. State-owned Vattenfall reported underlying earnings before interest and tax of 531 million Swedish crowns ($48.66 million), …

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Spain’s stock market regulator halts trading in Talgo shares

6 Feb 2025

(Reuters) – Spanish stock market regulator CNMV suspended trading in shares of train maker Talgo on Thursday after several media reports that the Basque steel company Sidenor is preparing a takeover. Sidenor opened talks about the possible acquisition of a stake in Talgo in October. Newspaper Cinco Dias said Sidenor was planning to offer up …

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Securitas tops Q4 profit forecast boosted by strong growth in Europe

6 Feb 2025

By Jesus Calero and Agnieszka Olenska (Reuters) -Sweden’s Securitas reported a bigger than expected jump in its fourth quarter core profit on Thursday, largely driven by strong growth in its security services business in Europe. Its shares rose 2.5% by 0837 GMT, on track for their best day since early November if the gains hold. …

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