By Pushkala Aripaka and Maggie Fick (Reuters) -GSK expects to deliver annual sales and profit growth towards the top end of its forecasts after beating second-quarter expectations on Wednesday, in a boost to its efforts to fuel growth despite product development and tariff challenges. The British drugmaker is hoping to reach annual sales of over …
(Removes extraneous word at the end of paragraph 1) By Mateusz Rabiega (Reuters) -The CEO of JDE Peet’s said on Wednesday that U.S. coffee prices would have to go up if President Donald Trump’s threatened tariffs on Brazil included coffee from the world’s top exporter. However, the direct impact from U.S. tariffs on the Jacobs …
JDE Peet’s sees small impact from tariffs as duties hang over Brazil coffee Read More »
BERLIN (Reuters) -The German parliament’s budget committee has lifted Siemens Energy’s dividend restriction a year earlier than planned, allowing the company to resume payouts to shareholders for the fiscal year 2025, the company said on Wednesday. The restriction, tied to a government-backed funding facility that was put in place in 2023 to stabilise the power …
Siemens Energy can resume dividend payments early as restrictions lifted Read More »
(Reuters) -Trane Technologies raised its full-year profit forecast on Wednesday, after topping second-quarter earnings estimates on the back of strong demand for its heating and air-conditioning systems as well as higher pricing. The Ireland-based company’s Americas segment – its largest revenue generator – saw robust industrial and commercial demand, helping its quarterly sales to rise …
Trane Technologies raises annual profit forecast on resilient demand Read More »
LONDON (Reuters) -Ukraine’s PrivatBank on Wednesday won its London lawsuit against its former owners for siphoning off nearly $2 billion from the country’s largest lender. PrivatBank accused Ihor Kolomoisky – a once-powerful businessman and supporter of President Volodymyr Zelenskiy’s 2019 election run – and Gennadiy Bogolyubov of orchestrating sham loans and supply agreements between 2013 …
Ukraine’s PrivatBank wins UK lawsuit against former owners over alleged fraud Read More »
By Elena Fabrichnaya MOSCOW (Reuters) -Russian markets reacted cautiously to U.S. President Donald Trump’s threat to impose new sanctions, with analysts saying on Wednesday a weaker rouble and higher oil prices as a result of his measures may support the economy in the short term. Trump said on Tuesday the United States would start imposing …
Weak rouble, higher oil may help Russia if Trump’s tariffs hit, analysts say Read More »
(Reuters) -German flavour and fragrance maker Symrise on Wednesday lowered its organic sales forecast for 2025, citing more cautious consumer demand. Symrise, whose fragrances go into the perfumes of French luxury majors LVMH and Kering, expects organic sales growth this year of 3% to 5%, down from 5-7% previously, and a core profit (EBITDA) margin …
Symrise lowers 2025 sales forecast on cautious consumer demand Read More »
LONDON (Reuters) -British supermarket group Sainsbury’s has agreed to sell Sainsbury’s Bank’s travel money business to Fexco Group, it said on Wednesday, continuing its withdrawal from banking services. Sainsbury’s strategy under CEO Simon Roberts is to focus on growing its core retail operation. The travel money business operates online and through 220 bureaux inside Sainsbury’s …
UK’s Sainsbury’s sells travel money business to Fexco Read More »
By Shashwat Awasthi (Reuters) -British luxury carmaker Aston Martin issued a profit warning on Wednesday citing a hit from U.S. import tariffs and prolonged suppressed Asian demand linked to China’s economic slowdown, sending the company’s shares down as much as 7%. It forecast adjusted operating profit to roughly break even this year, compared with its …
Aston Martin warns on profit as US tariffs, stagnant Chinese demand bite Read More »
By Sarah Young LONDON (Reuters) -Britain’s BAE Systems upgraded its annual earnings forecast after strong first-half results, as it continues to benefit from the heightened global threat environment which is driving countries to spend more on defence. BAE’s order book has been ticking up since Russia invaded Ukraine in 2022. This year, U.S. President Donald …
UK’s BAE upgrades forecasts as threat environment drives orders Read More »
