(Reuters) -Britain’s health regulator on Wednesday authorised Eli Lilly’s diabetes drug Mounjaro for weight management and weight loss in the UK, hours after a similar approval in the United States. The Medicines and Healthcare products Regulatory Agency approved the drug for adults aged 18 and over and added that the medicine is to be used …
UK’s MHRA authorises Lilly’s Mounjaro for weight loss Read More »
By Shubham Batra and Johann M Cherian (Reuters) – UK’s FTSE 100 closed Wednesday’s session slightly lower, though Marks & Spencer hit its highest levels in over a year-and-a-half following upbeat profit, while ITV rolled to the bottom of the mid-cap index after a disappointing forecast. The benchmark FTSE 100 inched 0.1% lower, nearly offset …
FTSE 100 closes marginally down, M&S soars on strong profit Read More »
By Ankika Biswas and Bansari Mayur Kamdar (Reuters) -European shares rose on Wednesday, supported by gains in healthcare stocks and strong earnings reports, while investors assessed a slew of economic data and comments from central bankers for cues on European Central Bank’s rate hike path. The pan-European STOXX 600 closed 0.3% higher. Data showed euro …
European shares rise on strong earnings, pharma boost Read More »
By James Davey LONDON (Reuters) -Britain’s Marks & Spencer (M&S) smashed first-half profit forecasts and said it expects full-year profit to leap more than 30% as its latest turnaround effort after years of false dawns gathered momentum. Shares in the 139-year old retailer, one of the biggest names in British business, were up 11% in …
M&S turnaround gains traction as first half profit smashes forecasts Read More »
DUBLIN (Reuters) – A large part of monetary tightening has yet to be passed through to the financial system and economy, and while some risks are fading, new vulnerabilities are emerging, European Central Bank policymaker Gabriel Makhlouf said on Wednesday. “Early signals of the impact of inflation and monetary tightening on borrower resilience are becoming …
ECB’s Makhlouf says new risks emerging as others fade Read More »
FRANKFURT (Reuters) – The European Central Bank is seeing some progress in its efforts to push down underlying inflation but this is not yet enough, ECB chief economist Philip Lane told a conference in Riga on Wednesday. Lane said he does not take a lot of comfort from the recent rapid fall in overall inflation …
ECB’s Lane: underlying inflation progress not enough Read More »
FRANKFURT (Reuters) – Euro zone consumers have raised their expectations for inflation over the next 12 months to 4%, a European Central Bank survey showed on Wednesday, in a potential headache for the ECB in its effort to rein in prices. Households’ forecasts for inflation are by nature imprecise but they can influence wage demands, …
Euro zone consumers raise inflation expectations in headache for ECB Read More »
By Ludwig Burger FRANKFURT (Reuters) -Bayer is considering spinning off its consumer health or crop science divisions, it said on Wednesday, as new CEO Bill Anderson gave his initial thoughts on how to revive the diversified German company’s battered share price. Management is looking into separating either the non-prescription medicines business or the agriculture business …
Bayer weighs break-up options as management job cuts loom Read More »
By Paul Sandle LONDON (Reuters) -ITV said slowing demand from British and international broadcasters for its content would impact its studios business in the fourth quarter and result in lower-than-expected growth for the unit in 2023, sending its shares down 7%. Britain’s biggest free-to-air commercial broadcaster has been expanding its Studios production unit, the maker …
Tough TV ad market hits demand for ITV’s productions Read More »
By Victoria Waldersee BERLIN (Reuters) -Germany’s Continental expects a strong fourth quarter for its automotive business and higher growth in the global auto market this year than previously forecast, but said its outlook for next year is slightly more conservative. The multinational auto parts manufacturer on Wednesday adjusted its expectations for sales growth in the …
Continental hikes car market forecast, warns on 2024 outlook Read More »
