By John Revill ZURICH (Reuters) -Swatch Group on Tuesday missed profit forecasts for 2023 and proposed a much smaller than expected dividend increase – putting pressure on the world’s biggest watchmaker’s stock. The maker of Omega, Tissot and Longines watches as well its eponymous mass-market plastic watches posted sales rising by 5.2% last year to …
Swatch Group dashes dividend expectations, shares tick lower Read More »
(Reuters) -Logitech International’s new CEO on Tuesday said the company would work to return to growth as it forecast annual sales would decline less than previously anticipated and reported third quarter revenue that beat expectations. The maker of computer mice, keyboards and webcams has been dealing with customers wrestling with inflation, and uncertainty among businesses …
Computer parts maker Logitech works for growth after beating forecasts Read More »
(Reuters) – British pub group Marston’s on Tuesday reported a more than 8% rise in sales for the last 16 weeks, helped by strong demand for both drinks and food during the Christmas season. The predominantly suburban pub group said like-for-like sales for the 16 weeks to Jan. 20 were up 8.1%, and the key …
UK pub group Marston’s reports higher sales on strong Christmas season Read More »
FRANKFURT (Reuters) -The head of Germany’s financial market regulator said that 2024 will be less rosy for bank profits and that commercial property was the biggest risk, in stepped-up warnings as Europe’s largest economy undergoes its biggest real estate crisis in decades. The nation’s financial regulator BaFin has long warned of the risks in the …
German regulator warns about commercial property, bank profits in 2024 Read More »
(Reuters) – European equities opened flat on Tuesday after losses in healthcare stocks partially offset a jump in miners, while focus remained on the European Central Bank’s policy meeting due later this week for signals on the interest rate trajectory. The pan-European STOXX 600 index held its ground at 472.66 points, as of 0822 GMT. …
European shares flat as losses in healthcare outweigh miners Read More »
PARIS (Reuters) -French healthcare company Sanofi has agreed to buy the drug development project INBRX-101 from its parent company Inhibrx Inc for around $2.2 billion in a bid to boost its rare disease business. The two companies said in a joint statement on Tuesday that Inhibrx shareholders will get $30 per share in cash, one …
France’s Sanofi to buy U.S. drugs project INBRX-101 for about $2.2 billion Read More »
LONDON (Reuters) – Lidl GB said on Tuesday it would raise hourly pay for its store and warehouse workers to up to 13.85 pounds ($17.64) in London and up to 13.00 pounds in the rest of the country from March, which it said was the highest in the supermarket sector. The British arm of the …
Lidl GB increases hourly pay for third time in 12 months Read More »
By Supantha Mukherjee and Olivier Sorgho STOCKHOLM (Reuters) -Ericsson said it expects further decline in 5G gear demand from mobile operators this year after beating fourth-quarter operating profit expectations on Tuesday helped by software sales. Telecoms equipment suppliers are expecting a challenging 2024 as 5G equipment sales – a key source of revenue – are …
Ericsson warns of 2024 market decline despite Q4 earnings beat Read More »
By Sarah Young LONDON (Reuters) -British online retailer Boohoo named former Betfair and Zoopla finance boss Stephen Morana as its new chief financial officer after previous CFO Shaun McCabe left on Tuesday. Boohoo said McCabe’s departure was “by mutual agreement and with immediate effect”. The company, whose brands PrettyLittleThing and Nasty Gal are popular with …
UK online retailer Boohoo names Stephen Morana as new CFO Read More »
By Nicolas Delame and Tassilo Hummel PARIS (Reuters) -French farmers will continue to protest pending government action, union representatives told reporters after a meeting with Prime Minister Gabriel Attal and Farming Minister Marc Fesneau to address the reasons for the demonstrations. “We told him (Attal) we wouldn’t settle for words,” Arnaud Rousseau, head of FNSEA, …
France’s farmer lobby turns up heat on government, says protests to continue Read More »
