(Reuters) -BT Group, Britain’s largest broadband and mobile provider, named Patricia Cobian, currently with rival Virgin Media O2, as its first female chief financial officer on Thursday, succeeding long-time finance chief Simon Lowth. The change comes more than a year after CEO Allison Kirkby took the helm at BT amid a transformative plan set in …
BT names industry veteran Patricia Cobian as first female CFO Read More »
LONDON (Reuters) -Global miner Anglo American on Thursday reported a 13% fall in copper production in the first half of the year to 342,200 metric tons, and a 26% fall in rough diamonds, as demand remains sluggish. The London-listed miner still expects to mine 690,000-750,000 tons of copper this year, down from 773,000 in 2024. …
Anglo American’s copper, diamond production falls in first half Read More »
By Miranda Murray and Bhanvi Satija BERLIN (Reuters) -Swiss drugmaker Roche reported better than expected first-half operating profit on Thursday, driven by strong sales of breast cancer and asthma treatments. Operating profit was up 6% at 12 billion Swiss francs ($15.15 billion), above analyst forecasts for around 11.7 billion, driven by higher sales and cost …
Roche profit beats forecast on strong sales of cancer, allergy drugs Read More »
(Reuters) -Britain’s new vehicle production is expected to decline by 15% in 2025, weighed down by global trade disruption; however, a reversal is expected the next year, industry data showed on Thursday. While global automakers continue to feel the impact of U.S. President Donald Trump’s tariffs, the UK is set to benefit from a new …
UK auto production to drop 15% in 2025, recovery expected in 2026, SMMT data shows Read More »
By Anna Peverieri (Reuters) -French software maker Dassault Systemes confirmed its 2025 outlook, but implied a lower operating margin for the year as foreign exchange headwinds weighed on its annual forecast. The group, which sells software to automakers, plane makers and industrial firms across the world, now forecast 2025 operating margin between 32.2% and 32.4%, …
Dassault Systemes confirms 2025 outlook, implies lower margins on FX hit Read More »
(Reuters) -Swiss logistics group Kuehne und Nagel reported a 15% drop in its second-quarter operating profit on Thursday, citing significant negative foreign exchange impacts in its Sea Logistics division. Its earnings before interest and taxes (EBIT) fell to 342 million Swiss francs ($431.76 million) in the three months ended June 30, missing analysts’ median forecast …
Freight forwarder Kuehne+Nagel posts fall in second-quarter operating profit Read More »
(Reuters) -Transport and infrastructure operator Getlink reported a drop in its half-year core profit as growth in its Eurotunnel and Europorte activities was outweighed by a fall in Eleclink’s contribution. WHY IT’S IMPORTANT Eleclink’s first-half sales fell more than 50% to 92 million euros ($108 million) compared to 185 million euros in the first half …
Getlink’s core profits drop, dragged down by Eleclink Read More »
A look at the day ahead in European and global markets from Rocky Swift You get a trade deal! You get a trade deal! Everybody gets a trade deal! Well, it’s not quite like Oprah doling out new cars, but trade agreements to avert the punishing tariffs from U.S. President Donald Trump are popping up …
By Danilo Masoni MILAN (Reuters) -Global healthcare stocks have not been this cheap in decades and fund inflows into the sector are picking up, yet the shares remain in the doldrums, highlighting uncertainty over drug pricing policies since Donald Trump returned to the White House. Pharma companies’ earnings outlook is being obscured by concerns over …
Five years after COVID, pharma shares languish in US policy limbo Read More »
(Reuters) -Italy’s Saipem and its Norwegian rival Subsea7 announced on Thursday a merger to form a leading global player in offshore energy services. The merger terms align with those outlined in February’s memorandum of understanding, the companies confirmed. The combined group, to be renamed Saipem7, will have an order backlog of 43 billion euros ($50.62 …
Italy’s Saipem, Norway’s Subsea 7 confirm merger to create energy services leader Read More »
