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(Reuters) -U.S.-German medical device maker Siemens Healthineers on Wednesday confirmed its outlook for the year despite an unexpected drop in quarterly operating profit amid delivery delays at cancer treatment specialist Varian. Adjusted earnings before interest and taxes (EBIT) fell 3% to 740 million euros ($812.59 million) in the third quarter, below the 773 million euros …

Siemens Healthineers confirms outlook despite problems at Varian Read More »

By Divya Rajagopal and Gilles Guillaume TORONTO/PARIS (Reuters) – French-based Automotive Cells Co (ACC) is in early talks with officials in Canada and the United States on setting up a battery manufacturing plant in North America, an ACC spokesperson told Reuters on Tuesday. ACC is a joint venture between Stellantis, Total Energies and Mercedes-Benz Group. …

European battery maker ACC in ‘exploratory’ talks about N. American battery plant Read More »

MADRID (Reuters) -British hedge fund Oceanwood Capital Management is selling up to 117 million shares in Spanish bank Unicaja via accelerated bookbuilding, equal to a 4.4% stake or more than half of its total holding, bookrunner BOFA Securities said on Tuesday. At Tuesday’s closing price the stake on offer was worth around 124 million euros …

Hedge fund Oceanwood offers 4.4% stake in Spanish bank Unicaja Read More »

KYIV (Reuters) -Ukraine expects its economy to grow by about 5% next year, driven by investment in reconstruction and stronger consumer demand, a senior Economy Ministry official said on Tuesday. The ministry expects gross domestic product to grow by around 2.8% this year, said Natalia Horshkova, head of the ministry’s department for strategic planning and …

Ukraine sees economy growing by about 5% in 2024 Read More »

By Riham Alkousaa and Andreas Buerger BERLIN (Reuters) – German shoppers, who enjoy some of Europe’s cheapest groceries, are being asked this week by discount supermarket Penny to pay extra for some items to cover their “true cost” as it seeks to raise awareness of the environmental price of producing food. In Europe’s largest economy, …

German supermarket seeks to charge shoppers ‘true’ environmental cost Read More »

By David Milliken LONDON (Reuters) -Bank of England regulator Sarah Breeden will become the central bank’s next deputy governor for financial stability when Jon Cunliffe’s term ends later this year, Britain’s finance ministry said on Tuesday. Breeden will be one of four deputy governors at the BoE, and will serve on its interest-rate setting Monetary …

Bank of England regulator Sarah Breeden named as next deputy governor Read More »

By Richa Naidu LONDON (Reuters) – Diageo’s cost inflation is starting to moderate after a “double-digits” surge in its last fiscal year, the maker of Guinness stout and Johnnie Walker whisky told Reuters on Tuesday, the latest consumer goods group to flag an easing in cost pressures. Manufacturers of everything from soap to spirits have …

Diageo sees some easing in costs after ‘double-digits’ surge Read More »

BERLIN (Reuters) -BMW lifted its annual outlook for its margin on earnings before interest and taxes (EBIT) in the automotive segment on Tuesday but said it foresaw ongoing challenges from supply chain issues and inflation in the second half of the year. The carmaker’s forecast mirrored that of competitors such as Mercedes-Benz which also raised …

BMW lifts outlook, warns inflation and supply issues not over Read More »

By Mathieu Rosemain PARIS (Reuters) -Czech billionaire Daniel Kretinsky is in talks to buy Atos’s loss-making legacy operations in a 2 billion-euro ($2.20 billion) deal that will refocus the struggling French company on its cybersecurity and cloud assets, and cut its debt. Kretinsky, who made his fortune in the energy sector, is expanding his vast …

Billionaire Kretinsky in talks to buy Atos unit in $2.2 billion deal Read More »