ZURICH (Reuters) -Swiss skincare firm Galderma said on Thursday it had logged sales of $3.26 billion during the first nine months of the year, up 9.2% from the same period a year earlier in constant currency terms. The company, which listed on the stock exchange in March, said it expected net sales growth of between …
Galderma posts 9.2% sales growth in first nine months of 2024 Read More »
(Reuters) – Allegion raised its annual earnings forecast after strong demand for its pricier locks and electronic security systems used in commercial buildings drove a profit beat in the third quarter on Thursday. The Dublin-based company’s price hikes for product offerings to commercial businesses helped counter weak demand from residential houses, which faced pressures from …
Lockmaker Allegion raises full-year profit forecast on demand from commercial buildings Read More »
LONDON (Reuters) – Europe’s data centre power consumption is expected to almost triple by 2030 and will require a big rise in electricity supply mostly from low-carbon sources, and grid infrastructure upgrades, a McKinsey report showed. WHY IT’S IMPORTANT Investment in data centres has risen over the past couple of years as digitalisation and artificial …
Europe’s data centre power demand expected to triple by 2030, McKinsey report says Read More »
By Saeed Azhar (Reuters) – Rate cuts and easing bond yields are spurring some U.S. banks to cut losses on low-yielding investment securities, and park those funds in higher-yielding paper to improve returns and liquidity. Such moves are likely to accelerate as more Federal Reserve interest-rate cuts materialize into 2025. Declining rates also help reduce …
Analysis-Rate cuts to accelerate US banks’ move to higher-yielding investments Read More »
By Anne Kauranen HELSINKI (Reuters) -Kone sees no end to China’s construction slump and so will focus on modernising and servicing existing lifts, the Finnish company said as it reported third-quarter profit below expectations. China, Kone’s main market, is in a prolonged property downturn and there are few signs of a revival despite several rounds …
Lift maker Kone shifts focus as China property slump persists Read More »
By Daniel Catchpole, Allison Lampert and Matt McKnight SEATTLE (Reuters) -Boeing factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg’s plan to shore up the finances of the struggling planemaker. The vote was 64% in opposition to the deal, …
Boeing strike barrels on as workers reject wage deal Read More »
By Dimitri Rhodes (Reuters) -French food caterer Sodexo expects its organic sales growth to slow down to between 5.5% and 6.5% in the fiscal 2025, it said on Thursday, after reporting higher-than-expected 7.9% growth for the year through Aug. 31. Sodexo, which spun off its voucher business Pluxee in February and is now fully focused …
French caterer Sodexo sees softer sales growth in 2025 after annual beat Read More »
PRAGUE (Reuters) – Czech defence and industrial firm Czechoslovak Group (CSG) said it will acquire IFF’s nitrocellulose business in Germany and the industrial park where it is located, part of expansion in chemicals serving the defence industry. Under IFF, the business has manufactured nitrocellulose for industrial purposes, serving customers primarily in coatings and printing inks. …
Czech defence group CSG acquires IFF’s nitrocellulose production in Germany Read More »
By Tatiana Bautzer NEW YORK (Reuters) – Global art sales fell 4% last year to around $65 billion, as the wealthiest buyers reduced purchases, according to the Art Market Report, published by Swiss bank UBS on Thursday. The bank’s wealth management division advises clients interested in buying art, although it does not consider the purchases …
(Reuters) – Spanish drugmaker Rovi will not sell its third-party contract development and manufacturing business (CDMO) after reviewing several non-binding offers, it said on Thursday. “Given the strength, momentum and prospects of this business, the best way to maximise value for shareholders at this time is to continue executing on the company’s standalone strategic plan,” …
Spanish drugmaker Rovi to keep third-party manufacturing business Read More »
