BARCELONA (Reuters) – Shares of Spanish drugmaker Grifols rose more than 16% on Friday morning after it said auditor KPMG approved its 2023 results with an unqualified opinion, without modifying the profit and debt ratio previously reported. Grifols last week published its 2023 results, pending an audit, which analysts said contributed to the share price’s …
Grifols’ shares rise 16% after auditor’s 2023 results opinion Read More »
(Reuters) -Industrial output in Germany, Europe’s biggest economy, rose more than expected in January, raising hopes that the economy is finally bottoming out after a lengthy manufacturing recession. Output rose in January by 1.0% from the previous month, beating a 0.6% forecast by analysts, data from Destatis, the federal statistics office showed on Friday. But …
German industry grows in Jan but car output remains weak Read More »
(Reuters) – European shares had a subdued open on Friday as strength in energy shares was offset by investor caution ahead of key euro zone and U.S. economic data. The pan-European STOXX 600 was flat as of 8:16 GMT, following a record-high close on Thursday. The benchmark is on track for its seventh straight week …
European shares muted ahead of key economic data Read More »
(Reuters) – Shares in DS Smith rose more than 7% on Friday, a day after bigger rival Mondi made a 5.14 billion pound ($6.58 billion) all-share offer to buy the British paper and packaging group. The deal, which will create a packaging giant worth more than 11 billion pounds, valued DS Smith at about 373 …
DS Smith shares cheer Mondi’s $6.5 billion bid to create European packaging leader Read More »
(Reuters) -Britain’s antitrust regulator said on Friday that T&L Sugars’s purchase of Tereos UK & Ireland’s assets could result in higher sugar prices for UK shoppers. T&L Sugars, which refines and distributes packaged sugar across supermarkets in the UK, under brand name Tate& Lyle bought Tereos’ consumer facing operations in the UK and a distribution …
UK watchdog warns T&L Sugars deal with Tereos may raise sugar prices Read More »
LONDON (Reuters) – British life insurer Just Group recorded a better-than-expected 47% rise in 2023 underlying operating profit to 377 million pounds ($482.82 million), helped by high levels of new business, it said on Friday. Analysts in a company-supplied consensus forecast had expected underlying operating profit of 362 million pounds. Just specialises in annuities, pensions …
Insurer Just beats forecasts with 47% rise in profits Read More »
(Reuters) -Informa raised its earnings forecast for this year on Friday, after its 2023 profit more than doubled, as the British events organiser benefited from the return of live events post a pandemic-led slump and strong performance across its markets. The world’s largest exhibition group raised its adjusted operating profit forecast for 2024 to a …
Exhibitions group Informa raises earnings forecast as live events return Read More »
LONDON (Reuters) – Currys, the British electricals retailer at the centre of a potential takeover battle, said on Friday a deal to sell its Greek unit would complete in the first half of April after it was given the go-ahead by authorities there. Public Power Corporation S.A. was cleared by Greece’s competition regulator to buy …
Takeover target Currys says Greek disposal will complete in April Read More »
LONDON (Reuters) – UK life insurer Royal London has entered the market for corporate pension scheme insurance with a so-called bulk annuity deal for Royal Liver UK pension scheme, it said on Friday. The mutual insurer also said in a statement it had transacted a bulk annuity deal with the trustees of the Royal London …
UK insurer Royal London enters bulk annuity market Read More »
(Reuters) – Gap beat Wall Street expectations for fourth-quarter sales on Thursday, buoyed by strong demand on improved product offerings at its Old Navy and namesake brands during the holiday season. The company’s shares rose 4% after the bell. CEO Richard Dickson’s plans to push ahead with reinventing Gap’s brands, mainly Old Navy, have helped …
Gap reports upbeat quarterly sales on improving demand for Old Navy apparel Read More »
