Reuters UK Business

COPENHAGEN (Reuters) -Sweden’s Husqvarna, which makes garden equipment and tools, said on Wednesday it would further cut costs due to constrained consumer spending, a move that will impact around 400 jobs and result in savings of around 500 million crowns ($47.4 million) annually. Husqvarna benefited from the home improvement trend during the pandemic but demand …

Sweden’s Husqvarna to cut more costs, jobs due to weak consumer spending Read More »

By Niklas Pollard STOCKHOLM (Reuters) -Swedish bank Handelsbanken reported third-quarter net earnings that beat market expectations on Wednesday, driven by a sequential drop in costs, in focus after past over-runs, strong credit quality and robust interest income. Net profit fell to 7.21 billion Swedish crowns ($683.9 million) from 7.95 billion a year ago, topping an …

Handelsbanken lands profit beat as cost crunch driven back Read More »

By Ludwig Burger FRANKFURT (Reuters) -Roche’s third-quarter sales gained a currency-adjusted 9%, beating market expectations, on higher prescriptions of once-monthly haemophilia shot Hemlibra and recently launched eye drug Vabysmo. Group sales of 15.14 billion Swiss francs ($17.46 billion) surpassed an analysts’ consensus estimate of 14.9 billion francs, based on LSEG data. The Swiss drugmaker reaffirmed …

Roche Q3 sales advance by forex-adj 9%, beating market view Read More »

By Tim Hepher PARIS (Reuters) -France’s Thales reaffirmed full-year targets as it posted nine-month sales up 6.2% on an underlying basis, with its new order intake rising 23% led by defence and security demand. Sales for the first nine months reached 14.07 billion euros ($15.20 billion) and new orders rose to a better-than-expected 15.55 billion, …

France’s Thales reports higher nine-month sales and orders Read More »

By Balazs Koranyi (Reuters) – European Central Bank policymakers have begun to debate whether interest rates need to be lowered enough to start stimulating the economy, ending years of economic restriction, conversations this week with half a dozen sources indicate. The ECB has been cutting rates quickly this year but policymakers have so far said …

ECB starting to debate if rates have to go below neutral, sources say Read More »