Reuters UK Business

By Maggie Fick and Yadarisa Shabong (Reuters) -Drugmaker AstraZeneca lifted its annual sales and profit forecast for the second time this year on Tuesday, helped by strong demand for its cancer and rare diseases medicines, after third-quarter results beat estimates. The London-listed company doubled down on plans for U.S. expansion, announcing $2 billion in new …

AstraZeneca lifts 2024 outlook after Q3 beat, doubles down on US investments Read More »

By Ananya Mariam Rajesh (Reuters) – On Holding raised its annual sales forecast after beating quarterly revenue estimates on Tuesday, driven by strong holiday season demand for its new running shoes such as Cloud X4 and Cloudnova 2 from customers willing to pay full prices. U.S.-listed shares of the company were up 2.5% in premarket …

Federer-backed On raises annual sales forecast on strong holiday season demand Read More »

LONDON (Reuters) -Bank of England Chief Economist Huw Pill said labour market data released earlier on Tuesday showed inflation pressures in Britain remained too high for the BoE’s 2% inflation target. “As we saw in the labour market data that was released this morning, pay growth remains quite sticky at elevated levels and levels that …

Bank of England’s Pill says pay growth stuck at high level Read More »

MILAN (Reuters) – Acciona and Italy’s RCM Costruzioni will build a breakwater to protect the new liquefied natural gas (LNG) terminal located off the port of Ravenna, in a contract worth 216 million euros ($230 million), the Spanish group said on Tuesday. The terminal, which will be managed by Italy’s gas grid operator Snam, is …

Acciona, RCM to build 216 million euro Ravenna breakwater for LNG terminal Read More »

MILAN (Reuters) – Italy’s Mediobanca missed revenue estimates and cut its full-year net interest income forecast on Tuesday, sending shares down more than 7% despite a better-than-expected quarterly profit. For the current fiscal year, the bank now sees flat net interest income (NII) as it prioritizes growing total financial assets by attracting deposits, taking advantage …

Mediobanca shares slide 7% following revenue miss Read More »

ROME/BERLIN (Reuters) – Germany’s Lufthansa Group said it had submitted a package of remedies to the European Commission needed to secure EU antitrust approval to take a minority stake in Italy’s ITA Airways, bringing it a step closer to closing the deal. Lufthansa in July won EU antitrust approval to buy 41% of state-owned ITA, …

Lufthansa nears deal to buy Italy’s ITA Read More »