(Reuters) – The number of unemployed people in Germany fell in January, Labour Office figures showed on Wednesday, beating expectations for an increase in the number of jobless. The Federal Labour Office said the number of people out of work decreased by 2,000 in seasonally adjusted terms compared to December to 2.694 million. Analysts polled …
By Ludwig Burger FRANKFURT (Reuters) -Swiss drugmaker Novartis reported a 6% gain in fourth-quarter adjusted net income on Wednesday, helped by cost cuts and strong growth of recently launched drugs. Core net income for the quarter came in at $3.13 billion, it said in a statement, missing analysts’ estimate of about $3.3 billion, as per …
Novartis misses Q4 net income expectations, extends forecast Read More »
By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN/LONDON (Reuters) – Novo Nordisk on Wednesday forecast another year of double-digit sales and operating profit growth as the Danish drugmaker began easing restrictions on U.S. supplies of its popular weight-loss drug Wegovy and pledged to continue rolling out in new markets. The company, which has raced to increase …
Novo Nordisk expects double-digit growth as it boosts Wegovy supplies Read More »
By Marie Mannes and Helen Reid STOCKHOLM (Reuters) -H&M’s CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost sales and profitability. Shares in the Swedish fashion retailer dropped 8% as outgoing CEO Helena Helmersson said she had decided to leave the …
H&M CEO quits as sales keep sliding, shares drop Read More »
LONDON (Reuters) -French telecom operator Iliad on Wednesday said Vodafone had rejected a sweetened proposal to merge their Italian businesses, and it would “fiercely pursue” market share as a standalone operator. Vodafone confirmed the end of talks with Iliad, but it said it was continuing to pursue other options for a deal in Italy. Its …
Iliad says Vodafone rejects proposal to merge Italian units Read More »
(Reuters) -GSK beat market estimates for fourth-quarter results on Wednesday, and unveiled an upbeat forecast for 2024 and beyond, as the drugmaker ramps up its vaccines, infectious disease and cancer drug pipeline. This is the company’s first annual earnings report after it spun off consumer healthcare business Haleon in July 2022. Since then, the London-listed …
GSK sees strong growth as respiratory, cancer portfolio to pay off Read More »
LONDON (Reuters) – British Prime Minister Rishi Sunak on Wednesday launched a new business council, setting up regular meetings with some of the country’s top bosses, including the chief executives of BT, Rolls-Royce and Unilever. The newly-appointed council will be used to gain business perspectives on the global economic climate and government policy as Sunak …
HAMBURG (Reuters) – Attacks on cargo vessels in the Red Sea by Yemen-based Houthi rebels are unlikely to end soon, forcing shipping companies to avoid the route through the Suez Canal, the head of Germany’s Hapag-Lloyd told reporters in Hamburg. “We don’t think it will be over the day after tomorrow,” said chief executive Rolf …
Red Sea crisis unlikely to end soon, Hapag-Lloyd CEO says Read More »
(Reuters) – European shares opened marginally higher on Wednesday, rising for the sixth straight session on a boost from financial stocks, while investors awaited the U.S. Federal Reserve’s policy decision later in the day. The pan-European STOXX 600 index was up 0.2% as of 0822 GMT. Financial services rose 0.5%, lifted by a 1.7% gain …
Financials lift European shares higher; Novo Nordisk hits record high Read More »
By Maha El Dahan and Yousef Saba DUBAI (Reuters) -Saudi Arabia’s surprise reversal of its oil expansion plan was at least six months in the making and spurred by uncertainty over the market’s need for additional spare capacity, an industry source told Reuters on Wednesday. State oil giant Aramco was ordered by the Saudi energy …
Exclusive-Saudi Arabia’s capacity U-turn was months in the making Read More »
