STOCKHOLM (Reuters) – Swedish medical gear group Getinge reported an unexpected slide in quarterly profit on Wednesday as supply disruptions continued and post-pandemic demand for some surgical equipment failed to pick up. The maker of products for surgery, intensive care and sterilisation predicted it will return to healthy growth in the second half of 2023 …
Getinge eyes H2 growth after slow demand, supply woes hit Q4 Read More »
By Paul Sandle LONDON (Reuters) – Vodafone reported a steeper-than expected slowdown in its third quarter, the first under interim boss Margherita Della Valle, after service revenue in Spain slumped and there was a further deterioration in Germany, its biggest market. The mobile and broadband operator reported group service revenue growth of 1.8% in the …
BERLIN (Reuters) – German manufacturers started the year with a slightly brighter outlook on the year ahead despite the fact that orders continued to fall, as inflation and supply chain problems eased, a survey showed on Wednesday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, …
German manufacturers’ outlook brightens but orders keep falling in Jan – PMI Read More »
PARIS (Reuters) – France’s manufacturing activity rebound in January was not quite as strong as first forecast, a survey showed on Wednesday, as new orders remained weak. S&P Global’s final purchasing managers index (PMI) figure for January rose to 50.5 points, up from a final figure of 49.2 points in December, but below the preliminary …
French Jan factory activity rebound not as strong as forecast -PMI Read More »
By Jesús Aguado MADRID (Reuters) – BBVA on Wednesday posted a 38% jump in net profit to a record 6.42 billion euros ($6.98 billion) for 2022 powered by a double-digit increase in lending income and a strong performance in Mexico, a trend the bank expects to continue this year. Net profit in the fourth quarter …
BBVA posts record 2022 profit on Mexico, sees positive trends in main market Read More »
LONDON (Reuters) – Retail group Bestway, the owner of Costcutter, has raised its stake in British supermarket group Sainsbury’s to 4.47%, according to a regulatory filing published on Wednesday. Last week, Bestway declared a 3.45% stake, describing the move as an investment and not a step towards making a takeover offer for Sainsbury’s. However, Bestway …
Costcutter owner Bestway raises Sainsbury’s stake to 4.47% Read More »
(Reuters) – European shares edged higher on Wednesday, boosted by gains in Novo Nordisk and other healthcare stocks, with all eyes on the much-anticipated policy decision by the U.S. Federal Reserve later in the day. The pan-European STOXX 600 was up 0.3% at 0814 GMT, coming off a 6.7% jump last month – its biggest …
European shares gain on pharma boost; Fed policy decision on tap Read More »
(Reuters) – Rheinmetall has won a double-digit million-euro order to supply air defence systems to an unnamed international customer, the German arms maker said in a statement on Wednesday. The supplies will also include ammunition and spare parts, Rheinmetall said. The company, which together with Krauss-Maffei Wegmann manufactures the Leopard battle tanks Germany and its …
Rheinmetall wins double-digit million euro order for air defence systems Read More »
By Tim Hepher PARIS (Reuters) – British billionaire entrepreneur Richard Branson, who was inspired to start an airline with a single Boeing 747 after getting stuck on a delayed flight, paid tribute to the Queen of the Skies on Tuesday as Boeing delivered its final jumbo jet. “It gave America and Boeing the leadership role …
‘Farewell to a wonderful beast’: Branson’s homage to Boeing 747 Read More »
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own …
Exxon smashes Western oil majors’ profits with $56 billion in 2022 Read More »
