By Ludwig Burger FRANKFURT (Reuters) -Novartis on Tuesday raised its full-year earnings outlook following cost cuts, a breast cancer drug trial success and progress in boosting output of a radiotherapy drug against prostate cancer. The Swiss drugmaker said in a statement that excluding Sandoz, a generic drug division to be spun off in the second …
Novartis, helped by cost cuts, raises full-year outlook Read More »
By Andy Bruce LONDON (Reuters) -Britain’s government borrowed less than predicted in the financial year that ended in March, according to data on Tuesday which showed finance minister Jeremy Hunt may be able to adopt a less austere stance ahead of the next general election. The Office for National Statistics (ONS) reported borrowing of 139.2 …
UK’s lower-than-expected borrowing points to future budget leeway Read More »
By John Revill ZURICH (Reuters) -ABB Ltd raised its full-year guidance for sales and profit on Tuesday, dispelling some of the recent gloom which has gathered around the industrial sector. The Swiss maker of factory robots and chargers for electric vehicles said it had seen a strong start to the year as it reported first-quarter …
ABB’s strong start and raised guidance dispel industrial gloom Read More »
By Shubham Batra (Reuters) -European shares fell on Tuesday, as investors scrutinised more corporate earnings and weighed comments by European Central Bank policymakers on the outlook for interest rates. The pan-European STOXX 600 index was down 0.3%, with banking shares shed 1.8% as jitters came back to the fore after U.S. lender First Republic Bank …
European shares fall as investors weigh earnings; bank stocks slide Read More »
By Tatiana Gomozova and Alexander Marrow MOSCOW (Reuters) – Former KFC restaurants in Russia will begin reopening as Rostic’s on Tuesday, as the new owners revive a brand born soon after the collapse of the Soviet Union as Russia transitioned abruptly from communism to capitalism in the 1990s. KFC’s U.S. parent company Yum! Brands Inc …
Russia revives fried chicken chain Rostic’s after KFC owner finalises exit Read More »
By Jesús Aguado MADRID (Reuters) – Spain’s Santander on Tuesday beat forecasts with a 1% rise in first-quarter net profit as a strong performance in Europe offset weaker trade in Brazil and the United States. Its net profit rose to 2.57 billion euros helped by higher lending income and despite a hit of 224 million …
Santander profit beat overshadowed by weak quarter in Brazil Read More »
LONDON (Reuters) – Britain’s High Court is expected to decide on Tuesday whether to grant Greenpeace permission to proceed with a challenge to the country’s last oil and gas licensing round on climate grounds, the activist group said on Monday. Last year Britain held its first oil and gas exploration licensing round since 2019, with …
UK court to hear Greenpeace challenge to oil, gas licensing round Read More »
By Maytaal Angel LONDON (Reuters) – British Sugar, a unit of Associated British Foods, is sourcing sugar from rival Tate & Lyle Sugars as well as from as far afield as Thailand, traders told Reuters, citing a supply shortfall that is keeping prices at record levels. One UK-based trader told Reuters spot market prices for …
British Sugar scrambling for supplies as shortfall bites – sources Read More »
By Stephen Nellis (Reuters) -A U.S. appeals court on Monday upheld a federal court’s order that could force Apple Inc to change payment practices in its App Store. Apple said it may appeal the decision. The U.S. 9th Circuit Court of Appeal upheld a 2021 order in an antitrust case brought by “Fortnite” creator Epic …
Apple cannot ban links to outside App Store payments, U.S. appeals court says Read More »
(Reuters) – UBS Group said on Monday it had hired three executives from Barclays Plc in a big push to ramp up its U.S. investment banking presence. Switzerland-based UBS, which has been lagging peers in the United States, said it hired Marco Valla, Jeff Hinton and Kurt Anthony from Barclays for its global banking teams …
UBS hires Barclays executives to beef up investment banking in U.S Read More »
