By Mrinalika Roy (Reuters) – Eli Lilly on Wednesday forecast 2022 profit above Wall Street estimates as it bets on new drug approvals to counter the impact of competition and pricing pressures on its other key treatments, sending its shares up nearly 10%. The company has plans to launch five more medicines over the next …
Lilly sees 2022 profit above estimates on boost from potential new drugs Read More »
By Chris Peters and Yadarisa Shabong (Reuters) – Cineworld shares plunged by 40% on Wednesday after the British cinema operator was ordered to pay C$1.23 billion ($957 million) in damages to rival Cineplex for abandoning a planned takeover, a decision it said it would appeal. Cineworld, the world’s second largest cinema operator, said it disagrees …
Cineworld shares tumble after damages over scrapped Cineplex deal Read More »
MADRID (Reuters) – Spain’s Santander will invest around $6 billion between 2022 and 2024 to promote digital transformation of its Latin American operations, the bank said in a statement on Wednesday. Santander’s diversification overseas, especially in Latin America, has helped the bank cope with tough conditions for lenders in Europe in the years since the …
Santander to invest $6 billion in digital transformation in Latin America Read More »
By Anisha Sircar and Shashank Nayar (Reuters) -European shares rose on Wednesday helped by stronger technology and healthcare stocks, but weakness in the retail and energy sectors capped gains ahead of a Federal Reserve policy announcement. The pan-European STOXX 600 closed 0.3% higher to end a five-session losing streak. Technology stocks led gains, adding 1.3% …
Technology shares support European stocks with Fed meeting in focus Read More »
By Bansari Mayur Kamdar and Amal S (Reuters) -The UK’s FTSE 100 dropped on Wednesday after data showed consumer prices jumped to their highest in a decade ahead of a Bank of England meeting, while Cineworld fell 27% following a court order to pay $957 million in damages to a rival. The blue-chip FTSE 100 …
By William Schomberg LONDON (Reuters) – An unexpectedly sharp inflation jump in Britain has shone an even brighter spotlight on the Bank of England’s decision on Thursday whether to become the first of the world’s big central banks to raise interest rates after the pandemic. Data on Wednesday showed consumer price inflation jumped to 5.1% …
Analysis-Inflation leap puts Bank of England on the spot over rates Read More »
By Corina Pons and Anna Ringstrom MADRID/STOCKHOLM (Reuters) -Sales at Zara owner Inditex and rival H&M are back at pre-pandemic levels or better, as the world’s top two fashion retailers ride a recovery in demand despite supply chain challenges. Spain’s Inditex, the world’s largest fashion retailer, said on Wednesday sales at constant currencies were up …
Zara owner and H&M bounce back from pandemic blues Read More »
By Simon Jessop and Gwladys Fouche LONDON (Reuters) -A group of 14 investors has called on Wizz Air to allow employees to form and join trade unions, saying their research suggested the London-listed budget airline was discouraging the practice in breach of staff rights. The investor group, which raised their concerns in a letter seen …
Investors challenge budget airline Wizz Air over labour rights Read More »
LONDON (Reuters) – Britain has delayed the introduction of post-Brexit trade checks on goods moving from the island of Ireland to Britain beyond Jan. 1, to allow leeway for further negotiations with the European Union. Britain left the EU’s single market at the beginning of 2021 but has twice delayed implementation of some post-Brexit import …
Britain delays post-Brexit checks on goods from Ireland for EU talks Read More »
By Paul Sandle LONDON (Reuters) – Airline group IAG is set to cancel its takeover of Air Europa after European regulators indicated they would not allow it to go through without further concessions, though CEO Luis Gallego hasn’t given up hope of some sort of tie-up. British Airways and Iberia owner IAG’s proposed acquisition from …
IAG boss seeks alternatives as Air Europa deal hits the skids Read More »
