By Stefano Rebaudo (Reuters) -The pound lost ground versus a strengthening dollar on Wednesday but remained near its highest levels in over three years, ahead of a Bank of England policy meeting due on Thursday. Investors also focused on tariffs talks as U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer are due …
Sterling drops versus dollar, focus on BoE, trade talks Read More »
By Maggie Fick and Jacob Gronholt-Pedersen LONDON/COPENHAGEN (Reuters) -Obesity drugmaker Novo Nordisk’s CFO said on Wednesday he was sceptical that U.S. President Donald Trump’s executive order to reduce the time it takes to approve pharmaceutical plants in the country will significantly change timelines for the pharma industry. Trump signed an executive order on Monday that …
By Anna Peverieri (Reuters) -French electrical and digital building infrastructure group Legrand beat first-quarter sales forecasts on Wednesday, driven by strong demand from U.S. data centres. Shares in the company, which sells products such as electrical junctions and EV chargers to commercial, industrial and residential customers, were up almost 2% at 0850 GMT. Quarterly sales …
France’s Legrand beats Q1 expectations on strong US data centre demand Read More »
By Nerijus Adomaitis OSLO (Reuters) -Aker BP, Norway’s second-largest listed oil company, will raise its dividend by 5% annually if the price of North Sea oil stays above $40 per barrel, it said on Wednesday while reporting first-quarter profits in line with expectations. Brent crude dropped to a four-year low of around $60 per barrel …
Aker BP to raise dividend as long as oil stays above $40 per barrel Read More »
By Amir Orusov (Reuters) -German machine and car parts maker Schaeffler reported first-quarter revenue below market expectations due to general softness in the industry, but said the impact of U.S. tariffs on its business was manageable. Schaeffler said on Wednesday its revenue fell 2.9% in constant currency to 5.92 billion euros ($6.73 billion) in the …
Schaeffler says US tariff impact is manageable, as soft auto market weighs on sales Read More »
A look at the day ahead in European and global markets from Tom Westbrook After a few weeks buying the rumour of U.S.-China de-escalation, markets gave a lukewarm welcome to news that the countries’ top trade officials will meet in Geneva at the weekend. It all sounds very preliminary. U.S. Treasury Secretary Scott Bessent told …
Morning Bid: US, China move towards trade talks, but a deal seems distant Read More »
By Marleen Kaesebier (Reuters) -Siemens Healthineers expects to record a tariff hit of up to 300 million euros ($341 million) on its operating profit in the second half of 2025, the German medical technology group said after it posted a slight revenue beat on Wednesday. The company follows its peers GE HealthCare and Philips which …
Siemens Healthineers sees up to $340 million tariff hit in second half of 2025 Read More »
By Jesus Calero (Reuters) -Norway’s largest bank DNB reported better than expected first-quarter earnings on Wednesday, boosted by lending growth, strong demand for advisory services and higher commission income following the acquisition of Nordic investment bank Carnegie. DNB’s net profit rose by 5.9% to 10.8 billion Norwegian crowns ($1.05 billion) in January-March, from 10.2 billion …
Norway’s DNB tops quarterly profit forecast on lending, advisory income growth Read More »
By Helen Reid and Isabelle Yr Carlsson LONDON/COPENHAGEN (Reuters) -Jewellery maker Pandora has been gaining market share in the United States and plans to keep investing to win over new customers there, CEO Alexander Lacik told Reuters on Wednesday, despite the risk U.S. tariffs will dent consumer demand. “U.S. consumer demand for the category is …
Pandora sticks to US as CEO says demand remains strong Read More »
By David Milliken LONDON (Reuters) -Activity in Britain’s construction sector contracted for a fourth month in a row in April as new work dried up while cost pressures remained high, an industry survey showed on Wednesday, highlighting the headwinds faced by Britain’s economy. The S&P Global construction Purchasing Managers’ Index edged up to 46.6 in …
UK construction activity falls for fourth month, PMI shows Read More »
