(Reuters) -French semiconductor materials supplier Soitec reported a 16% drop at constant exchange rates in its first-quarter sales, due to high customer inventory and a weak automotive market. The company posted quarterly revenue of 92 million euros($108 million), down from 121 million euros a year earlier but in line with analysts’ average forecast of 93 …
By Foo Yun Chee BRUSSELS (Reuters) -Apple’s changes to its App Store rules and fees will likely secure the green light from EU antitrust regulators, people with direct knowledge of the matter said, a move that would stave off potentially hefty daily fines for the iPhone maker. The company last month said developers will pay …
By Twesha Dikshit, Sanchayaita Roy and Ragini Mathur (Reuters) -European shares settled lower on Tuesday, with German equities logging their biggest one-day drop in two months as a batch of disappointing corporate reports and dimming prospects of a U.S.-European Union trade deal weighed on sentiment. The pan-European STOXX 600 index closed 0.46% lower, with Germany’s …
European shares end lower as corporate results, trade anxiety weigh Read More »
PARIS (Reuters) -French planemaker Dassault Aviation on Tuesday posted slightly higher earnings and revenues in the first six months of 2025 and held targets unchanged as new orders were boosted by a fighter contract with India. The manufacturer of Rafale warplanes and Falcon business jets, posted a core operating profit of 180 million euros, up …
By Leo Marchandon and Noemie Naudin (Reuters) -France’s lead videogame maker Ubisoft announced on Tuesday a sweeping reorganisation of its internal structure, shifting to autonomous “Creative Houses” tailored to specific gaming genres, as it reported first-quarter net bookings that fell short of expectations. The company said in a call that the leadership of each Creative …
Ubisoft unveils ‘Creative Houses’ model as first-quarter bookings miss expectations Read More »
MILAN (Reuters) -Italian asset manager Azimut said on Tuesday it had signed a binding accord to buy North Square Investments (NSI) in a cash-and-share deal giving the U.S. peer an enterprise value of $165 million. Azimut, which is carrying out the deal through its U.S. arm Azimut US Holdings, said it would pay $60 million …
Italy’s Azimut buys Chigago-based North Square Investments in $165 million deal Read More »
By Gleb Stolyarov and Alexander Marrow (Reuters) -Russia’s largest carmaker Avtovaz said on Tuesday it may cut its working week to four days from five in September, a rare move from a major state-owned employer, as high interest rates and competition from China squeeze its sales. Avtovaz’s plight mirrors the wider economic downturn facing Russia …
Russia’s top carmaker Avtovaz may shorten work week as sales slump Read More »
BRUSSELS (Reuters) -The European Commission approved on Tuesday up to 403 million euros ($471 million) in public funding for 10 mostly small and medium-sized companies in a bid to support innovation in medical devices. The funding is expected to unlock an additional 826 million euros ($966 million) in private investments to the companies, the commission …
EU approves €403 million in funding for companies to boost medical device innovation Read More »
(Reuters) -French pharmaceuticals company Sanofi said on Tuesday it would acquire British private biotechnology firm Vicebio for a total of $1.15 billion, expanding its respiratory vaccine portfolio. Following the acquisition, Vicebio’s non-mRNA candidate vaccine for treating respiratory syncytial virus (RSV) and human metapneumovirus (hMPV) will be added to Sanofi’s range. The Vicebio deal includes a …
France’s Sanofi to acquire biotech firm Vicebio for $1.15 billion Read More »
FRANKFURT (Reuters) -German car parts maker Bosch will cut up to 1,100 jobs by 2029 and restructure its Reutlingen plant as a rapidly worsening auto market drives down sales, a senior company official said on Tuesday. Bosch will focus the plant mainly on manufacturing semiconductors, as making electronic control units is no longer competitive, a …
German car parts maker Bosch to cut up to 1,100 jobs Read More »
