(Reuters) – Gilead Sciences Inc on Tuesday said its second-quarter adjusted profit fell 13% due to higher research and royalty costs as well as a downturn in sales of its COVID-19 antiviral drug Veklury. Revenue for the quarter rose 1% to $6.3 billion, which was ahead of the average Wall Street estimate of $5.85 billion, …
Gilead quarterly profit falls as COVID antiviral sales decrease Read More »
By Sruthi Shankar (Reuters) -The UK’s blue-chip index ended slightly lower on Tuesday after U.S.-China tensions flared up and tumbling homebuilder stocks countered strong results from oil major BP. The FTSE 100 slipped 0.1% to close out a choppy session dominated by concerns that U.S. House of Representatives Speaker Nancy Pelosi’s visit to Taiwan would …
FTSE 100 under pressure from Taiwan tensions, homebuilders Read More »
(Reuters) -Travis Perkins said on Tuesday its Toolstation business swung to a loss in the first-half, as demand for do-it-yourself (DIY) products cooled off, sending the building materials seller’s shares down 11%. The London-listed firm said its revenue from Toolstation was 4.6% lower, while adjusted operating loss stood at 8 million pounds in the six …
UK’s Travis Perkins slides as DIY sales cool off Read More »
GDANSK (Reuters) – Polish apparel company LPP has launched a new business to manage the retailer’s logistics network, starting in August, the company said on Tuesday. LPP Logistics will be responsible for operations at a network of seven facilities situated in Poland and abroad. It will handle “tens of thousands” of containers and distribute about …
Polish clothing retailer LPP launches logistics business Read More »
LONDON (Reuters) – Renewables developer Cerluean Winds and Ping Petroleum UK have signed an agreement to create an offshore oil facility powered by wind energy in Britain, the companies said on Tuesday. Under the agreement, the production unit at Ping Petroleum’s Avalon site in the UK’s North Sea will be powered by a floating offshore …
Cerulean Winds, Ping Petroleum plan UK wind-powered offshore oil rig Read More »
LONDON (Reuters) – Bank of America said on Tuesday its British consumer confidence indicator rose two points in July to its highest since March although it remained consistent with a recession. The bank’s monthly survey also found consumer inflation expectations were largely unchanged through July after falling over several months. “Expectations are still high, suggesting …
UK consumers find a bit of confidence, still see high inflation, BofA says Read More »
By Joseph White DETROIT (Reuters) – Wealthy sports car enthusiasts powered Italian supercar brand Lamborghini to record first-half deliveries and profitability, but Chief Executive Stephan Winkelmann said he is preparing for a challenging winter if Europe’s energy crunch gets worse. Lamborghini is banking natural gas to sustain operations during the winter should Russia carry through …
After a record first half, Lamborghini prepares for a cold winter Read More »
By James Davey LONDON (Reuters) -British baker and fast food chain Greggs said on Tuesday it was well placed to navigate a worsening cost of living crunch, saying its pricing was attractive in a market where consumer incomes were under pressure. Confidence levels among Britain’s consumers are at record lows as wages fail to keep …
UK’s Greggs says well placed to navigate cost of living crisis Read More »
FRANKFURT (Reuters) – Euro zone countries are spending more than they will get back to cushion the economic hit from the Ukraine war via fuel subsidies and other support measures, the European Central Bank said on Tuesday, telling governments to use their cash more efficiently. The 19 countries that share the euro approved support measures …
Euro area to get back half what it’s spending on war fallout – ECB Read More »
(Reuters) – The British pound weakened against the dollar and euro on Tuesday as traders turned to safe-haven currencies amid rising U.S.-China tensions over Taiwan, with traders looking ahead to a Bank of England policy meeting this week. The pound was down down 0.5% against the dollar at $1.22055 pence, and versus the euro was …
Sterling loses steam as traders turn to safe-haven currencies Read More »
