By Alexandra Schwarz-Goerlich VIENNA (Reuters) -The chairman of OMV told Reuters he is eyeing the hiring of a new CEO this year, saying the new top executive would have to balance a push for growth at both its established oil and gas business and at new, more climate-friendly ventures. In a surprise move, CEO Alfred …
New OMV chief executive could be found this year, chairman tells Reuters Read More »
By Rishika Sadam and Kashish Tandon HYDERABAD (Reuters) -Sales of Danish drugmaker Novo Nordisk’s Wegovy and U.S. rival Eli Lilly’s Mounjaro in India doubled in July from a month earlier, data from research firm Pharmarack showed on Thursday. Demand for the blockbuster anti-obesity drugs, which help control blood sugar and slow digestion, has been on …
Wegovy, Mounjaro sales in India double on month in July Read More »
BERLIN (Reuters) -Germany’s VDA auto association said on Thursday that the promised trade agreement between the EU and the United States needed to be implemented now so the industry could receive some relief. Sectoral tariffs of 27.5% “remain in place and place a significant burden on German automakers and automotive suppliers, as well as on …
Germany’s auto association says EU-US trade deal must take effect now Read More »
By Raechel Thankam Job (Reuters) -Holiday Inn owner InterContinental Hotels Group (IHG) reported a jump in first-half profit and pointed to easing economic pressures following a slowdown in U.S. demand, lifting its shares as much as 9% on Thursday. U.S. President Donald Trump’s tariffs and rising geopolitical tensions have rattled the travel and hospitality industry …
Holiday Inn owner IHG’s profit rises, notes easing pressures after US slowdown Read More »
(Reuters) -Shares in Italian debt collector doValue rose as much as 14% on Thursday to their highest level since September 2024 after the company upgraded its 2026 guidance and reported strong first-half results late on Wednesday. The company’s shares were up 11.4% to 2.72 euros ($3.18) at 08:33 GMT. DoValue’s first-half core profit excluding non-recurring …
Shares in Italy’s doValue surge after strong results, guidance upgrade Read More »
(Reuters) -Shares of Morgan Advanced Materials tumbled as much as 25% on Thursday after the British chip parts supplier forecast annual profit to be around the lower end of market expectations, and warned that the market might not recover in the second half. Its shares dropped as much as 25% to 168 pence per share. …
UK’s Morgan Advanced Materials plunges on profit warning Read More »
MOSCOW (Reuters) -Russia’s stock market index rose 4.5% after Kremlin aide Yuri Ushakov announced a meeting between Russian President Vladimir Putin and U.S. President Donald Trump in coming days. (Reporting by Reuters; Editing by Andrew Cawthorne)
By Gianluca Lo Nostro and Leo Marchandon (Reuters) -VEON is in discussions with Amazon ‘s Project Kuiper, AST SpaceMobile , and Eutelsat OneWeb to expand its satellite services for mobile devices beyond Ukraine, its CEO said on Thursday. Telecom operators globally are increasingly adopting satellite technology to clear coverage gaps, particularly in remote areas where …
VEON eyes more satellite deals after Ukraine Starlink tie-up Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Uniper will invest 5 billion euros ($5.8 billion) through 2030, mainly in renewables and gas-fired power plants, the German utility said on Thursday, in a strategy update that reflects more sober expectations for green energy markets. The state-owned utility last year slowed down an initial plan of …
Germany’s Uniper to invest $5.8 billion through 2030 in strategy revamp Read More »
By Marleen Kaesebier and Maria Rugamer -Deutsche Telekom reported second quarter core profit in line with analyst expectations on Thursday but its shares fell as much as 6% as investors focused on weaker results in its domestic market. The Germany-based telecoms giant reported second quarter adjusted earnings before interest, taxes and amortization after leases (EBITDA …
