Reuters UK Business

By Bhanvi Satija LONDON (Reuters) -Sanofi reported stronger than expected third-quarter profit on Friday, boosted by demand for blockbuster asthma drug Dupixent, even as the French drugmaker flagged lower vaccination rates partly due to a “negative buzz” around vaccines. Sales of Sanofi’s flu and COVID-19 vaccines dropped 16.8%, hit by pricing pressure in Germany and …

Sanofi notes ‘negative buzz’ around vaccines as profit beats forecasts Read More »

By Tim Hepher PARIS (Reuters) -French aerospace group Safran raised full-year forecasts on Friday as it reported higher-than-expected third-quarter revenues, led by its core jet engine division. The company, which co-produces LEAP jet engines with GE Aerospace through their CFM venture, said it had achieved a “strong catch-up” on delayed deliveries in the quarter, shipping …

Safran hikes forecasts after strong quarter for jet engine services Read More »

By Johan Ahlander STOCKHOLM (Reuters) -Swedish defence group Saab can meet demand for its Gripen fighter jets even if a landmark deal for up to 150 planes to Ukraine becomes reality, the defence group’s CEO said on Friday. Sweden this week signed a long-term cooperation agreement with Ukraine over air defences that includes the possibility …

Saab gets ready to produce more Gripen fighter jets if Ukraine deal is finalised Read More »

LONDON (Reuters) -The British public’s expectations for inflation over the next 12 months rose to 4.2% in October, the highest since April, a monthly survey by YouGov for U.S. bank Citi showed on Friday. Citi said the reading was likely to reinforce the wariness some members of the Bank of England’s Monetary Policy Committee feel …

UK inflation expectations rise to highest since April, Citi/YouGov survey shows Read More »

ZURICH (Reuters) -Switzerland’s UBS on Friday promoted Beatriz Martin to Chief Operating Officer as it announced management changes that included the nomination of UBS veteran Markus Ronner as vice chairman of the bank’s board of directors next year. Martin is a Spaniard who heads the bank’s non-core and legacy unit, which handles unwanted assets from …

UBS promotes Beatriz Martin to Chief Operating Officer amid board changes Read More »

By Jesus Calero (Reuters) -Norwegian aluminium producer Norsk Hydro reported an 18.6% fall in third-quarter core profit on Friday, hit by lower alumina prices and a stronger Norwegian crown, partly offset by higher production volumes. Adjusted earnings before interest, taxes, depreciation and amortisation fell to 6.0 billion crowns in the July–September period from 7.4 billion …

Weak alumina, strong crown curb Norsk Hydro’s core profit Read More »

By David Milliken LONDON (Reuters) -British retail sales unexpectedly rose 0.5% in September, giving a lift to broader growth after a boost from tech sales – including Apple’s new iPhone models – and demand for gold from online jewellers, official figures showed on Friday. The Office for National Statistics said third-quarter sales growth of 0.9%, …

Gold and iPhones give surprise boost to UK retail in September Read More »