Reuters UK Business Archives - Page 196 of 3179

Fresenius raises earnings guidance after another quarterly beat

5 Nov 2025 5 Nov 2025

(Reuters) -Germany’s Fresenius raised its annual operating profit guidance after it once again topped analysts’ earnings expectations on Wednesday, as the healthcare group carries out the second part of its turnaround plan. Fresenius has been consistently beating earnings forecasts in recent quarters, helped by CEO Michael Sen’s organisational revamp aimed at reducing costs and liabilities. …

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Novo Nordisk CEO faces baptism of fire amid board shakeup, Pfizer fight

5 Nov 2025 5 Nov 2025

By Maggie Fick and Bhanvi Satija LONDON (Reuters) -Novo Nordisk’s new CEO is set to face intense investor scrutiny this week as the Wegovy-maker shakes up its board and pursues a bidding war with U.S. rival Pfizer. The drugmaker will release third quarter results on Wednesday, the first for Mike Doustdar who was tasked in …

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Novo Nordisk’s weight loss challenge in five charts

5 Nov 2025 5 Nov 2025

By Maggie Fick, Jacob Gronholt-Pedersen and Bhanvi Satija LONDON/COPENHAGEN (Reuters) -Danish drugmaker Novo Nordisk is facing a major challenge to its blockbuster weight-loss drug Wegovy. Booming sales of Wegovy powered the firm to become Europe’s most valuable, but it has lost over $400 billion in market capitalisation since the middle of 2024 as competition from …

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CEVA Logistics wraps up Turkish deal with Borusan for $383 million

5 Nov 2025 5 Nov 2025

(Reuters) -France’s CEVA Logistics has completed its acquisition of Turkish logistics provider Borusan Tedarik from Turkish conglomerate Borusan Yatirim for $383 million, the companies said in separate statements on Wednesday. Marseille-based CEVA is a subsidiary of French shipping group CMA CGM, the world’s third-largest container line. Borusan Yatirim, the listed investment arm of the Borusan …

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Steel group Kloeckner bets on defence growth amid rising demand

5 Nov 2025 5 Nov 2025

By Tom Käckenhoff and Bernadette Hogg (Reuters) -German steel processor Kloeckner & Co said it was focusing on expanding its defence footprint in its home market after it reported third-quarter results on Wednesday. Germany loosened its stringent debt rules in March to create an exemption for defence spending, which it plans to boost to 3.5% …

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Jeweller Pandora cuts sales growth forecast as Europe dims

5 Nov 2025 5 Nov 2025

By Helen Reid LONDON (Reuters) -Danish jewellery brand Pandora cut its full year comparable sales growth forecast on Wednesday and posted weaker than expected third quarter growth as European sales dipped, sending its shares 2% lower. Pandora’s stock has tumbled around 40% since the start of 2025 as U.S. tariffs on imports and the surging …

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Nordea targets return on equity of above 15% in 2026-2030

5 Nov 2025 5 Nov 2025

(Reuters) -Nordea, the Nordic region’s biggest bank, is targeting a return on equity of above 15% between 2026 and 2030, and significantly above that in 2030, it said in a statement ahead of its investor day on Wednesday. Nordea will target profitable growth in each of its businesses, the bank said, with a special focus …

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Sterling steadies day ahead of BoE meeting

5 Nov 2025 5 Nov 2025

LONDON (Reuters) -The pound stabilised on Wednesday as traders looked to fine-tune positioning ahead of Thursday’s important Bank of England meeting, but remained at close to a seven-month low against the dollar and its weakest in well over two years against the euro. A day ahead of the BoE meeting, markets are still pricing around …

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Barry Callebaut forecasts sales decline as cocoa prices remain high

5 Nov 2025 5 Nov 2025

By Paolo Laudani and Emanuele Berro (Reuters) -Barry Callebaut said on Wednesday that it expected a mid single-digit percentage decline in sales of cocoa products in its upcoming financial year, as it continues to face pressure from high cocoa prices. But its shares were up 3% at 0930 GMT, with analysts identifying the company’s free …

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German auto sector sentiment markedly improves in October, finds survey

5 Nov 2025 5 Nov 2025

BERLIN (Reuters) -Sentiment in Germany’s beleaguered automotive sector improved considerably in October, although it remained clearly in negative territory, a survey showed on Wednesday. The Ifo institute’s business climate index for the sector that is facing chip supply problems, high tariffs and competition from China improved by 8.4 points to -12.9 points. “Business expectations in …

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