(Reuters) -Germany’s Daimler Truck said on Wednesday it has cut its full year revenue outlook to a range of 53 billion euros ($57.30 billion)to 57 billion euros. The truck maker had previously forecast revenue of 55 billion euros to 57 billion euros for the year. Daimler also slashed its outlook for unit sales to a …
By Yadarisa Shabong and Maggie Fick (Reuters) -British drugmaker GSK cut its forecast for 2024 vaccine sales on Wednesday after quarterly revenue from its blockbuster shingles and respiratory syncytial virus (RSV) jabs missed expectations, sending its shares lower. CEO Emma Walmsley’s bet on infectious disease drugs and vaccines, including new blockbuster respiratory syncytial virus (RSV) …
GSK shares fall after sales of top two vaccines disappoint Read More »
ZURICH (Reuters) -Swiss Re announced a new Group Chief Financial Officer on Wednesday, saying Anders Malmstrom will replace John Dacey when the 64-year-old retires next year. The move is the first major management change at Swiss Re, the world’s second biggest reinsurance company, since Andreas Berger took charge on July 1. Malmstrom will join Swiss …
By John Revill ZURICH (Reuters) -The Swiss National Bank reported the biggest half-year profit in its 117-year history on Wednesday, as big gains in the first three months of the year far outstripped losses recorded in the second quarter. The profit of 56.8 billion Swiss francs ($64.48 billion) was boosted by valuation gains, as well …
Swiss central bank posts record half year profit Read More »
ROME (Reuters) – Italian EU-harmonised consumer prices (HICP) fell a preliminary 0.8% month-on-month in July, with annual inflation accelerating to 1.7% from 0.9% in June, data showed on Wednesday. The 1.7% annual rate was the highest since last October. The HICP was above the median forecast of a 1.2% year-on-year rise, in a Reuters survey …
Italy July EU-harmonised CPI rises to 1.7% y/y, well above forecasts Read More »
BERLIN (Reuters) – The number of people out of work in Germany rose more than expected in July in the latest sign of the challenges facing Europe’s largest economy, Federal Labour Office figures showed on Wednesday. The office said the number of unemployed grew by 18,000 in seasonally adjusted terms to 2.8 million. Analysts polled …
German unemployment rises more than expected in July, labour office data shows Read More »
By Harry Robertson and Alun John LONDON (Reuters) -Switzerland’s stock exchange SIX said trading was set to resume from around 1130 CET (0930 GMT) on Wednesday after it halted the market due to problems disseminating data. SIX halted trading in Switzerland across all products, including equities, bonds and exchange-traded funds at around 1000 CET. But …
Swiss stock exchange says trading set to resume after outage Read More »
FRANKFURT (Reuters) – Euro zone inflation unexpectedly edged up in July, data showed on Wednesday, although a widely watched gauge of price growth in the services sector eased. Wednesday’s figures alone may not be enough to derail a widely expected European Central Bank interest rate cut in September, but they were likely to strengthen concerns …
Euro zone inflation unexpectedly edges up in July Read More »
By Jakub Olesiuk and Matteo Allievi (Reuters) -Spanish travel booking group Amadeus posted a 25% jump in second-quarter profit on Wednesday, beating forecasts, and said it was on track to meet its full-year outlook. Amadeus’ adjusted net profit for the April to June period came in at 358.9 million euros ($388.26 million), ahead of Refinitiv-polled …
Spain’s Amadeus quarterly profit beats forecasts, confirms outlook Read More »
PARIS (Reuters) -The Chinese beauty market will stay “slightly negative” in the second half, L’Oreal CEO Nicolas Hieronimus said on Wednesday, after the French company reported slower than expected growth in the second quarter. L’Oreal reported a 5.3% rise in like-for-like sales on Tuesday, slightly below consensus, with a depressed Chinese market, previously one of …
L’Oreal CEO expects ‘slightly negative’ H2 growth in China Read More »
