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Australia’s Ramsay Health Care hits over 4-month low on steep drop in annual profit

By Rajasik Mukherjee and Sherin Sunny (Reuters) -Ramsay Health Care posted a steep drop in its annual results, hurt by a one-off charge and poor performance at its European division and British mental health service business, sending its shares to a more than four-month low. The Australian private hospital operator posted a net profit after …

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Morning Bid: Nvidia kills the buzz as profit merely awesome, not legendary

A look at the day ahead in European and global markets from Gregor Stuart Hunter Tech stocks are pulling back after Nvidia released earnings that any other CEO would probably kill for. The chip designer and AI bellwether reported a beat to analysts’ estimates and forecast Q3 revenue that was higher than Wall Street estimates. …

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Global airlines group proposes raising international pilot retirement age to 67

By Dan Catchpole SEATTLE (Reuters) -A group representing global airlines has asked the U.N.’s aviation agency to raise the international age limit for commercial pilots to 67 years from 65, saying worldwide demand for air travel is outstripping the supply of aviators. The U.N.’s International Civil Aviation Organization (ICAO) will consider the proposal, which has …

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HP beats third-quarter revenue estimates on AI PC adoption, Windows 11 upgrade

By Jaspreet Singh (Reuters) -HP Inc beat Wall Street estimates for third-quarter revenue on Wednesday, driven by growing demand for artificial intelligence-powered personal computers and Windows 11 upgrade cycle. A strong PC refresh cycle is expected after Microsoft ends support for Windows 10 in October, as users and organizations seek to maintain security and access …

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UK services firms are still in the doldrums, CBI says

LONDON (Reuters) -British services businesses reported another fall in confidence and activity this month, according to a leading employers group which called on finance minister Rachel Reeves to refrain from adding to the corporate tax burden. The Confederation of British Industry said optimism in August among firms in the consumer and business segments of the …

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UK air passenger figures beat pre-pandemic record for April-June

LONDON (Reuters) -The number of passengers passing through British airports in April to June rose to a record 81 million, beating the pre-pandemic high for the period, Britain’s aviation regulator said on Thursday, in the latest sign of growing demand for travel. The Civil Aviation Authority said the total for the first six months of …

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Eli Lilly temporarily halts UK shipments of weight-loss drug Mounjaro

(Reuters) -Eli Lilly has temporarily paused shipments of its weight-loss drug Mounjaro in the UK, ahead of a new price hike for the treatment set to come into effect starting next month. Lilly said that, in order to manage its supply and ensure that patients maintain access, it has allocations in place for pharmacies and …

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Rheinmetall CEO says new German plant could kick off ‘pan-European defence ecosystem’

UNTERLUESS, Germany (Reuters) -Rheinmetall’s new ammunition plant in northern Germany will be the largest in Europe at full capacity, said CEO Armin Papperger at its opening on Wednesday, and similar factories could be built at a comparable pace in other NATO countries. Those plants could contribute to a “pan-European defence ecosystem”, said Papperger at the …

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Canada’s LNG draws German interest for market swaps, minister says

By Amanda Stephenson and David Ljunggren CALGARY (Reuters) -German companies are looking to buy and swap Canadian LNG cargoes shipped off the Pacific coast to help meet European demand, Canada’s Energy and Natural Resources Minister Tim Hodgson said on Wednesday. Canada, the world’s fifth-largest natural gas producer, shipped its first-ever liquefied natural gas export cargo …

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Delivery Hero updates full-year outlook to reflect exchange rate headwinds

(Reuters) -German online takeaway food company Delivery Hero on Wednesday lowered its full-year adjusted earnings and free cash flow outlook to reflect foreign exchange rate headwinds. The company now expects earnings after interest, tax, depreciation and amortisation to be between 900 million and 940 million euros ($1.10 billion) from its previous forecast of between 975 …

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