By Jacob Gronholt-Pedersen and Maggie Fick COPENHAGEN (Reuters) -Shares in Wegovy maker Novo Nordisk fell further on Wednesday as analysts warned of persistent competition from copycat drugs in the United States, a day after a profit warning and the naming of a new CEO prompted investors to wipe $70 billion off the drugmaker’s value. Novo …
Novo Nordisk slides further on US competition, new CEO concerns Read More »
By Linda Pasquini and Helen Reid LONDON(Reuters) -Sportswear brand Adidas warned on Wednesday that it may have to hike prices in the United States, after reporting U.S. tariffs would add around 200 million euros ($231 million) to costs in the second half. Shares in Adidas dropped 11% in their worst day since U.S. President Donald …
Adidas may hike prices, warns of US consumer hit from tariffs Read More »
MOSCOW (Reuters) -Russia’s consumer price index fell by 0.05% in the latest week, the state statistical agency said on Wednesday, marking a second consecutive week of deflation. The decrease brought overall price growth this year to 4.51%, compared with 5.06% for the same period last year. Prices for fruits and vegetables fell by 4.1% during …
Russian consumer price index falls for second consecutive week Read More »
MADRID (Reuters) -Spanish hotel group Melia reported on Wednesday a 72% surge in first-half net profit that beat market expectations, partly due to the rise in international tourists flocking to its home country, the world’s second-most visited after France. Spain’s biggest hotel chain, which operates in Europe, Asia and the Caribbean, booked a profit of …
Hotel chain Melia sees higher summer demand after profits soar Read More »
(Reuters) -British stocks held steady on Wednesday as investors assessed a mixed bag of corporate earnings while waiting for potential trade updates as the United States’ August 1 tariff deadline drew closer. The blue-chip FTSE 100 barely moved with a just 0.01% rise, while the domestically focused midcap FTSE 250 index fell 0.08%. British automobiles …
London stocks flat as investors assess mixed corporate earnings Read More »
By Ariane Luthi ZURICH (Reuters) -UBS’s second-quarter profit more than doubled from a year earlier, beating expectations on a surge in trading activity even as regulatory uncertainty continued to preoccupy the bank. Net profit came in at $2.4 billion, beating a company-provided estimate of $2.045 billion as the bank joined rivals in benefiting from higher …
UBS profit beats expectations as CEO Ermotti holds stance on capital Read More »
By Valentina Za MILAN (Reuters) – Italy’s biggest bank Intesa Sanpaolo beat quarterly earnings forecasts on Wednesday, defying lower interest rates, and said it would use profits in excess of its 2025 goal to fund one-off measures later this year to boost future performance. Intesa said it was keeping its full-year profit outlook unchanged, despite …
Italy’s Intesa moves to boost future profits after strong quarter Read More »
SOFIA (Reuters) -Bulgaria’s parliament on Wednesday passed legislation introducing year-long price controls from August 8, a part of its technical transition process before adopting the euro currency in January. The move comes after European Union finance ministers set the conversation rate of the Bulgarian lev to the euro this month, the final step for Bulgaria …
Bulgaria sets price controls as euro transition nears Read More »
AMSTERDAM (Reuters) -A Dutch court on Wednesday said diesel cars sold by Opel, Peugeot, Citroen and DS in the Netherlands from 2009 contained software designed to cheat emissions tests. In its intermediary ruling in a class action suit brought by three organisations against Stellantis, which now owns the targeted car companies, the court did not …
Dutch court says diesel brands now owned by Stellantis had cheating software from 2009 Read More »
LONDON (Reuters) -Energy firm newcleo said on Wednesday it would suspend its programme to develop lead-cooled fast reactors (LFR) in Britain and substantially wind down its UK activities due to the lack of support and funding from the government. LFRs are a type of advanced nuclear reactor technology which are smaller and more efficient than …
Energy firm newcleo says it will suspend UK lead-cooled fast reactor development Read More »
