By Luciana Magalhaes SAO PAULO (Reuters) – Swiss private bank Julius Baer has tapped Goldman Sachs to advise on the sale of its Brazilian operation, according to three people familiar with the matter. One of the sources, who is considering a bid, said the deal could be worth between $100 million and $150 million. Julius …
Switzerland’s Julius Baer looking to sell Brazilian operation, sources say Read More »
By Valentina Za and Tom Sims MILAN/FRANKFURT (Reuters) -Italy’s UniCredit beat third-quarter forecasts on Wednesday and lifted its profit outlook as its CEO talked up his possible deal with Commerzbank, which said its own growth plan meant to fend off a takeover was working. The banks’ financial results are the first since Italy’s No. 2 …
UniCredit touts Commerzbank merger merits as both banks lift targets Read More »
By Maggie Fick and Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Novo Nordisk reported forecast-beating third-quarter sales of its popular Wegovy weight-loss drug on Wednesday, reassuring investors worried that demand was slowing and it could lose the race in the fast-growing obesity drug market. Shares in Novo Nordisk, which competes with Eli Lilly in an obesity drug …
Novo Nordisk’s Wegovy weight-loss drug sales beat forecast, shares jump Read More »
By Christoph Steitz FRANKFURT (Reuters) -Potential import tariffs under the U.S. presidency of Donald Trump may benefit BMW, its CEO said on Wednesday, even as shares in the German premium carmaker and its rivals plummeted due to concerns the sector would be hurt by escalating trade disputes. Fears over import tariffs, which Trump has threatened …
BMW downplays US tariff fears as car stocks hit multi-year lows Read More »
LONDON (Reuters) -British finance minister Rachel Reeves said on Wednesday she would make “strong representations” over the importance of free trade to the incoming administration of President-elect Donald Trump who has proposed imposing tariffs on all U.S. imports. “We are not just a passive actor in this,” Reeves told the Treasury Committee in the lower …
UK will urge Trump administration not to curb free trade, Reeves says Read More »
(Reuters) – Italian luxury sports car maker Lamborghini posted on Wednesday nine-months revenue that was up by 20% to 2.43 billion euros ($2.60 billion), driven by a solid order backlog and high demand for all models. The firm delivered 8,411 cars in the first nine months of 2024, an 8.6% increase compared to same period …
Lamborghini revenue jumps 20% on high demand for all models Read More »
LONDON (Reuters) – Fresh tariffs could be detrimental to global growth and lead retaliation and a vicious circle of trade war, European Central Bank Vice President Luis de Guindos said after Donald Trump won the U.S. presidential election promising new trade barriers. “Tariffs, trade barriers, protectionism is going to be detrimental to the global economy,” …
New trade tariffs could lead to vicious circle of trade war, ECB warns Read More »
By Aby Jose Koilparambil (Reuters) -British homebuilder Persimmon flagged concerns about higher costs emerging in price negotiations for 2025, sending its shares sharply lower. The FTSE 100-listed builder’s stock fell by as much as 8% to a more than four-month low of 1,352 pence, underperforming the wider sector, which was down 3% by 1414 GMT. …
UK homebuilder Persimmon flags cost concerns driving shares lower Read More »
(Reuters) -Billionaire Mike Ashley-owned Frasers, the top investor in Boohoo, has urged the British online fashion retailer to “publicly confirm” that no asset disposals are conducted without prior shareholder approval. The request from the British sportswear and apparel retailer comes days after Boohoo appointed Dan Finley as its new CEO, a move that was a …
Frasers presses Boohoo to ‘publicly confirm’ no asset sales without shareholder nod Read More »
By Chiara Holzhaeuser and Isabel Demetz (Reuters) -Hensoldt reported on Wednesday a 24.1% rise in adjusted core profit for the first nine months of 2024 driven by sales growth in its core business and the first-time inclusion of defence software company ESG, which it acquired in December. The German defence electronics specialist posted adjusted earnings …
Hensoldt boosted by sensors and integration of software firm Read More »
