(Reuters) -German packaging and medical equipment maker Gerresheimer on Monday cut its revenue and profit margin guidance for this year, citing weakness in cosmetics and liquid medications markets and sending its shares plunging. Shares in the company, which said in February it was in early stage talks with private equity investors about a possible sale, …
Gerresheimer cuts 2025 outlook on weak demand, shares fall Read More »
By Nell Mackenzie LONDON (Reuters) -Hedge funds bought global equities last week at the quickest pace since November 2024, Goldman Sachs said in a note, just as stock markets ended the month with their most positive May performance in decades. The S&P 500 advanced just over 6% in May, its biggest monthly rise since November …
Hedge funds buy stocks at quickest pace since Nov 2024, Goldman Sachs says Read More »
BERLIN (Reuters) -Thyssenkrupp bears a great responsibility in its strategic restructuring, a spokesperson for the German economy ministry said on Monday, commenting on the threat of job losses at the industrial conglomerate. “The company naturally bears a great responsibility for the employees and the sites,” the spokesperson said. Asked if the company was in talks …
OSLO (Reuters) -Sweden is expected to face less of a crunch on power supply this winter than in previous years as higher energy prices have curbed demand, though southern Sweden remains in deficit, grid operator Svenska Kraftnat said on Monday. The transmission system operator (TSO) estimated a power balance during peak load hours of 600 …
Swedish grid operator forecasts less severe power crunch this winter Read More »
By John Revill ZURICH (Reuters) -The Swiss economy grew by 0.8% in the first three months of 2025, the government said on Monday, its fastest quarterly growth rate in two years, as companies rushed through exports to avoid looming U.S. tariffs. Shipments of pharmaceuticals, chemicals, watches, and precision instruments surged as Swiss companies upped exports …
Swiss economic growth surges as firms race to beat U.S tariffs Read More »
LONDON (Reuters) -Vodafone and CK Hutchison have completed the merger of their UK operations, creating a new business called “VodafoneThree”, which will invest 1.3 billion pounds ($1.76 billion) in its network in the first year, the companies said on Monday. The combination will overtake BT’s EE and O2, jointly owned by Telefonica and Liberty Global, …
Newly merged ‘VodafoneThree’ to invest 1.3 billion stg in year one Read More »
By Yadarisa Shabong (Reuters) -Monzo reported revenue above 1 billion pounds ($1.35 billion) for the first time and a sharp rise in annual profit on Monday as the British digital bank increased customer numbers. The mobile app-based bank, launched in 2015, is one of several digital banks that have emerged in Britain to challenge the …
British challenger bank Monzo’s profit soars, revenue tops $1.35 billion Read More »
LONDON (Reuters) – The downturn in euro zone manufacturing eased further in May, coming close to stabilisation as production increased for the third consecutive month and supported by a near-stabilisation in demand, a survey showed on Monday. The HCOB Eurozone Manufacturing Purchasing Managers’ Index rose to 49.4 in May from 49.0 in April, marking a …
Euro zone factory downturn eased in May, PMI shows Read More »
By Deena Beasley (Reuters) -Gilead Sciences’ Trodelvy in combination with Merck’s blockbuster immunotherapy Keytruda lowered the risk of an aggressive type of breast cancer worsening by 35% when used as an initial treatment, according to results of a large trial presented on Saturday. The data is likely to change how patients are treated following a …
Gilead’s Trodelvy, with Keytruda, cuts breast cancer risk by 35% in trial Read More »
FRANKFURT (Reuters) -Germany’s financial regulator BaFin is using artificial intelligence to help it spot market abuse and suspicious patterns in trading, increasing the chances of catching offenders, a top official warned on Monday. BaFin President Mark Branson said the supervisor had started using artificial intelligence last year in its alert and market analysis system. “We …
German financial watchdog: AI is helping to catch market abuse Read More »
