Reuters UK Business Archives - Page 1737 of 3179

TE Connectivity beats quarterly revenue estimates on component demand

30 Oct 2024 30 Oct 2024

(Reuters) – Sensor manufacturer TE Connectivity beat Wall Street estimates for fourth-quarter revenue on Wednesday, buoyed by heightened demand for components from electric vehicle makers. TE Connectivity’s products are used in automotive technologies for vehicle body and chassis systems, convenience features, driver information, infotainment systems as well as compact design solutions. The company’s total net …

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Sterling falls ahead of UK budget, while volatility gauge jumps

30 Oct 2024 30 Oct 2024

By Harry Robertson LONDON (Reuters) -The pound fell on Wednesday as British bond yields dropped ahead of the new Labour government’s first budget, while a gauge of expected volatility over the next week shot to its highest since March 2023. Sterling was last down 0.35% on the day at $1.297, pulled lower by a fall …

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Wanted: Norwegians to help form future of country’s $1.8 trillion piggy bank

30 Oct 2024 30 Oct 2024

By Gwladys Fouche OSLO (Reuters) – Some 40,000 Norwegian citizens picked at random will next month receive an invitation to help shape the future of their country’s wealth, including what to do with its $1.8 trillion sovereign wealth fund, the world’s largest. They will be whittled down to 66 to take part in the Future …

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SNB developing new banknote series as sees cash here to stay

30 Oct 2024 30 Oct 2024

By John Revill BERN (Reuters) -The Swiss National Bank will develop a new banknote series, the central bank said on Wednesday, underscoring the country’s love affair with physical money despite the rise of mobile payment apps and cashless payments. Around one in three payments in Switzerland is made with cash, the SNB said, adding it …

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UBS remains in discussion with Swiss govt over capital plans, CEO says

30 Oct 2024 30 Oct 2024

LONDON (Reuters) – UBS remains in “technical discussions” with the Swiss government about its plans for the bank to hold more capital but is yet to receive feedback, CEO Sergio Ermotti said on Wednesday. “We are not yet into any phase where you get any feedback because it’s about exchanging facts, not views on …

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Campari shares tumble 15% after results miss expectations

30 Oct 2024 30 Oct 2024

By Elisa Anzolin MILAN (Reuters) -Shares in Campari were on course for their biggest single-day drop in more than four years on Wednesday after the Italian spirits group significantly missed analysts’ third-quarter earnings expectations. Campari shares were down 15% at 1000 GMT, bringing the overall decline since the beginning of the year to around 35%. …

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Telenor raises full-year outlook as Q3 earnings beat expectations

30 Oct 2024 30 Oct 2024

By Jesus Calero and Elviira Luoma (Reuters) – Norwegian telecom operator Telenor raised its full-year outlook after it reported third-quarter earnings slightly ahead of market expectations on Wednesday, sending its shares more than 6% higher. The company said its earnings before interest, tax, depreciation and amortisation (EBITDA), and before other items, fell to 9.21 billion …

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Trane Tech lifts full-year forecasts on strong commercial demand for cooling systems

30 Oct 2024 30 Oct 2024

(Reuters) – Trane Technologies raised its full-year profit and revenue forecasts on Wednesday, anticipating strong demand for heating and air-conditioning systems from commercial builders. The company now expects an adjusted profit of $11.10 per share in 2024, above its earlier expectations of $10.80 per share. It expects revenue growth of about 11% for the year, …

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GSK warns of lower 2024 vaccine sales after weaker RSV, shingles demand

30 Oct 2024 30 Oct 2024

By Yadarisa Shabong and Maggie Fick (Reuters) -GSK on Wednesday said its vaccine sales would fall this year, after a weaker-than-expected performance for its respiratory syncytial virus (RSV) and shingles vaccines in the third quarter, pushing shares down as much as 4.1%. The British drugmaker now expects 2024 vaccine sales to decrease by a low-single …

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French economy expanded 0.4% in Q3 with Paris Olympics, INSEE says

30 Oct 2024 30 Oct 2024

PARIS (Reuters) – French economic growth beat estimates by accelerating by 0.4% in the third quarter 2024, from 0.2% in the second quarter, due to the impact of the Paris Olympic Games, preliminary data from statistics agency INSEE showed on Wednesday. Economists polled by Reuters had, on average, forecast gross domestic product (GDP) growth of …

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