Reuters UK Business

Novo Nordisk strikes $2.2 billion deal with Septerna to develop new obesity treatments

14 May 2025

COPENHAGEN (Reuters) -Novo Nordisk has struck a collaboration and licensing deal with U.S. biotech Septerna to develop oral small molecule medicines for obesity, type 2 diabetes and other cardio-metabolic diseases that could be worth up to $2.2 billion for Septerna, they said on Wednesday. Novo, maker of the wildly popular Wegovy weight-loss drug, has sought …

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Credit data firm Experian forecasts 6% to 8% annual organic revenue growth 

14 May 2025

By Simone Lobo (Reuters) -Credit data company Experian said on Wednesday its annual organic revenue growth would be along expected lines, relying on its data services such as health payments, automotive sales and customer profiling to shield it from macroeconomic uncertainty. The company has made attempts to expand beyond credit reporting services, to evade subdued …

Credit data firm Experian forecasts 6% to 8% annual organic revenue growth  Read More »

Brenntag flags tariff uncertainties, misses estimates for quarterly core profit

14 May 2025

By Ozan Ergenay and Marta Frackowiak (Reuters) -German chemicals distributor Brenntag flagged U.S. tariff uncertainties but said it remained “fundamentally positive” for its North America business, after it posted quarterly core profit below expectations on Wednesday. “Currently, caution prevails among our customers; no one will really expose themselves by deliberately building up stocks now, because …

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Foreign investors sound alarm over deterioration of Romania’s business climate

14 May 2025

By Luiza Ilie and Gergely Szakacs BUCHAREST (Reuters) – Major foreign business chambers in Romania, including the U.S., UK and Germany, voiced concern on Wednesday about what they described as a rapid deterioration of the investment climate and the credibility of central Europe’s second-largest economy. Romania’s politics have been in turmoil since hard-right presidential front-runner …

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Italy’s Mondadori confirms 2025 guidance despite 62.5% drop in its Q1 adjusted EBITDA

14 May 2025

(Reuters) – Italian publisher Mondadori on Wednesday confirmed its 2025 guidance after it reported a 62.5% year-on-year decrease in its first-quarter adjusted core profit. The group’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) was 1.8 million euros ($2.02 million) due to the weak start of the book market in 2025. “The economic and …

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Court annuls European Commission’s refusal to disclose COVID texts

14 May 2025

By Foo Yun Chee and Sudip Kar-Gupta BRUSSELS (Reuters) -The EU’s General Court annulled on Wednesday a European Commission decision not to disclose text messages Commission President Ursula von der Leyen and the CEO of Pfizer exchanged during negotiations for COVID-19 vaccines. The ruling, which the Commission can appeal to the European Court of Justice, …

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Electrochemicals group De Nora insulated from US tariffs, says CEO

14 May 2025

By Francesca Landini MILAN (Reuters) -Italian electrochemicals group Industrie De Nora’s strong presence in North America means it will not face any negative impact from trade tariffs imposed by the U.S. President Donald Trump, its CEO said on Wednesday. “De Nora has one third of its sales and one third of its employees on the …

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Spain’s Telefonica books loss after writedowns for Peru, Argentina disposals

14 May 2025

By Inti Landauro MADRID (Reuters) -Spanish telecom company Telefonica reported a first-quarter net loss of 1.3 billion euros ($1.45 billion) on Wednesday, in line with estimates, after writing down the value of assets it has sold in Peru and Argentina. Analysts had forecast a loss of 1.32 billion euros, according to a consensus provided by …

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Renk, Steyr set to step up production as Europe’s arms spending fills order books

14 May 2025

By Isabel Demetz, Paolo Laudani (Reuters) -Growing military spending in Europe drove double-digit sales growth for Rheinmetall suppliers Renk and Steyr Motors in the first quarter and filled out their order books for coming quarters. Their bloated order pipelines are similar to many defence sector peers that have been reporting solid results while flagging rising …

Renk, Steyr set to step up production as Europe’s arms spending fills order books Read More »

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