Reuters UK Business

By Nathan Vifflin (Reuters) -Metals recycler and battery materials producer Umicore will pause construction of a battery materials plant in Canada, it said on Wednesday. The Belgian-based group launched a review of its business in July, and said it had postponed “large scale” investments in an unspecified battery recycling plant in Europe, as well as …

Umicore to pause construction of battery materials plant in Canada Read More »

By Anastasiia Kozlova (Reuters) -German chemicals group Evonik Industries reported a consensus-beating third quarter profit and reiterated its 2024 targets on Wednesday, saying its cost cutting initiatives were paying off. However, its shares slid 4% by 1044 GMT, with J.P.Morgan citing weak results of its Performance Materials division which mainly supplies commodity products. Evonik posted …

Evonik beats profit forecast, but concerns over unit results hit shares Read More »

By Isabelle Yr Carlsson and Louise Rasmussen COPENHAGEN (Reuters) -Pandora said on Wednesday that higher silver and gold prices could hit its 2026 operating profit margin target, sending the Danish company’s shares as much as 7% lower. Best known for its charm bracelets, with prices ranging from $60 to more than $2,000, has been a …

Jeweller Pandora’s shares sink as warns soaring silver could dent margins Read More »

By Linda Pasquini and Helen Reid (Reuters) -German sportswear maker Puma’s third-quarter sales missed expectations on Wednesday due to sluggish demand and as weaker currencies in markets like Mexico, Argentina and Japan weighed on its revenue in euro terms. Puma CEO Arne Freundt promised a better end to the year, though, saying that China’s Golden …

Puma CEO sees better holiday trading after Q3 sales miss expectations Read More »

By Marleen Kaesebier and Jörn Poltz (Reuters) -Siemens Healthineers met its annual revenue and profit growth forecast on Wednesday, as strength in its Imaging segment and U.S. cancer treatment unit Varian in the fourth quarter outweighed weakness in China, sending its shares up 8.1%. The German medical technology company’s comparable revenue growth was at 4.7% …

Siemens Healthineers meets annual revenue and profit view, shares jump 8% Read More »

By Bernadette Hogg and Amir Orusov (Reuters) -German software developer TeamViewer raised its outlook for adjusted core profit margin for the full year after better-than-expected profitability in the third quarter following a reduced sponsorship deal with British football team Manchester United. TeamViewer posted on Wednesday an adjusted core profit (EBITDA) margin of 48% in the …

TeamViewer’s Q3 profitability beats on scaled-back Manchester United deal Read More »

By Tristan Veyet and Rafal Wojciech Nowak (Reuters) – Germany’s Fresenius raised its full-year outlook on Wednesday after beating third-quarter expectations, citing strong performances at its Kabi and Helios divisions and deleveraging efforts paying off, sending shares up. The healthcare group said it expects organic revenue growth of 6%-8%, from a previously anticipated 4%-7%. It …

Germany’s Fresenius raises 2024 forecast after Q3 beat, shares rise Read More »