Reuters UK Business

By Greta Rosen Fondahn STOCKHOLM (Reuters) -Electrolux’s profit more than doubled in the third quarter, driven by a recovery in its North American business and as it mostly managed costs related to U.S. tariffs, sending its shares up sharply. The Swedish home appliance maker said its North American business, which struggled for years with high …

Electrolux shares surge as North America pick-up drives strong third quarter profit Read More »

By Dominique Vidalon PARIS (Reuters) -French spirits maker Remy Cointreau pushed back its recovery on Thursday as it cut sales and profit goals for the year, citing deteriorating market conditions in China and a weaker-than-expected rebound in U.S. sales. Its shares were trading 6% by 0942 GMT, after sinking nearly 11% in early trading. Remy …

Remy Cointreau cuts full-year outlook, sending shares plunging Read More »

By Mathieu Rosemain PARIS (Reuters) -Societe Generale beat forecasts with an 11% third-quarter profit rise on Thursday, as the French bank’s CEO Slawomir Krupa stepped up his drive to curb costs. A bigger-than-expected fall in expenses, as well as signs that a turnaround plan for SocGen’s retail business is starting to work, offset a mixed …

SocGen tops profit forecasts but shares slip as CEO holds fire on buybacks Read More »

By Raechel Thankam Job (Reuters) -Consumer healthcare group Haleon’s third-quarter organic revenue growth narrowly beat forecasts on Thursday as U.S. sales unexpectedly returned to growth on the back of high demand for its oral health products Sensodyne and parodontax. Shares in the company rose 2.5%, helping to pare losses for the year so far to …

Strong Sensodyne demand in US helps Haleon beat sales forecasts Read More »

(Corrects to say revising, not reviving, in 13th paragraph) By Scott Murdoch SYDNEY (Reuters) -Fibre cement maker James Hardie faces an unprecedented purge of its board after the chair and two directors were dumped by investors angered by this year’s $8.8-billion takeover of U.S. building products group AZEK. The AZEK acquisition caused uproar among Australian-based …

James Hardie faces board upheaval as investors react to $8.8-billion US takeover Read More »

By Mateusz Rabiega (Reuters) -ING will return 1.6 billion euros ($1.9 billion) to investors through share buybacks and dividends, the Netherlands’ largest bank said on Thursday, as strong growth in fee income and lending volumes helped it beat quarterly profit forecasts. The international lender, which serves around 40 million consumers, corporate clients and financial institutions, …

ING sweetens profit beat with 1.6 billion euros of shareholder returns Read More »