By Dominique Vidalon and Emma Rumney PARIS/LONDON (Reuters) -Shares in Remy Cointreau plunged 11% on Friday after it cut its sales outlook and lowered its profit guidance, with optimism around a better second half fading amid worsening trading conditions in the United States and China. After steep declines in sales in the first half, the …
Remy shares plummet as hopes for quick U.S. recovery fade Read More »
By Ludwig Burger (Reuters) -Sanofi shares tumbled more than 15% after the French drugmaker abandoned its 2025 profit target under a plan to list its consumer healthcare business, while boosting its development spending plans to shore up its core innovative drugs business. “Sanofi is reviewing potential separation scenarios, but believes that the most likely path …
Sanofi shares plunge after 2025 target dropped, consumer unit marked for spin-off Read More »
By Iain Withers LONDON (Reuters) – British watchdog the Financial Conduct Authority said on Friday that it had identified potential “regulatory breaches” in NatWest’s handling of a decision to close former Brexit party leader Nigel Farage’s accounts. The lender separately said on Friday that an initial review into the ‘debanking’ of Farage found shortcomings in …
UK watchdog finds potential NatWest ‘regulatory breaches’ in Farage fiasco Read More »
MOSCOW (Reuters) – Nasdaq-listed Russian tech company Yandex on Friday said it had obtained one of the required approvals needed from the Russian government for its restructuring, which it hopes to complete by the end of 2023. Dutch holding company Yandex NV has been working on a corporate restructuring for months, hoping to recoup some …
Yandex obtains one required government approval for planned restructuring Read More »
By Tim Hepher PARIS (Reuters) -France’s Safran pinpointed continued pressure on supply chains, offset by strong demand for jet engine repairs, as it posted a 26% gain in underlying third-quarter revenue on Friday. The engine and equipment maker said revenues rose 20.1% – or 25.9% on a like-for-like basis – to 5.82 billion euros ($6.14 …
Safran paints cautious view on supply chains as Q3 revenue rises Read More »
DUESSELDORF, Germany (Reuters) – The chief executive of German wholesaler Metro AG said its top shareholder Daniel Kretinsky is invested for the long term, batting away speculation that the Czech billionaire could rearrange his portfolio as he eyes a stake in Thyssenkrupp. “He sees himself as a long-term investor,” CEO Steffen Greubel told reporters at …
Metro’s top investor Kretinsky is in for the long haul -CEO Read More »
LONDON (Reuters) – Sterling was headed for weekly declines against the dollar and the euro on Friday after struggling amid a nervous tone in markets that has boosted the dollar, as eyes start to turn to the Bank of England’s meeting next week. The pound was last down a whisker on the day against the …
Sterling set for weekly declines on dollar and euro, buffeted by global flows Read More »
COPENHAGEN (Reuters) -Danske Bank on Friday reported a bigger than expected third-quarter profit, boosted primarily by high interest income, and narrowed its full-year earnings guidance, sending its shares up more than 6%. Danske Bank’s results mirror those of rival Nordic banks SEB and Swedbank, which also beat analysts expectations when they published third-quarter results earlier …
Danske Bank profits beat forecasts on interest income boost Read More »
By John Revill ZURICH (Reuters) -Holcim will react to slowing construction markets by increasing its profit margin, the world’s largest building materials maker said on Friday, after reporting third-quarter profit slightly above expectations. The Swiss company, whose building products are used in housing, commercial buildings and infrastructure schemes, said it was seeing “challenging economic conditions” …
Holcim raises profit margin outlook despite tougher markets Read More »
(Reuters) – Capital One Financial on Thursday sailed past estimates for third-quarter profit as the consumer lender charged higher interest rates on loans, sending its shares up more than 4% in extended trading. A rise in borrowing costs over the past year by the U.S. Federal Reserve has boosted profits at lenders as customers pay …
Capital One beats profit estimates on interest income boost Read More »
