Shares drop 4.6 To be hit by cost inflation, lower glyphosate, Xarelto prices CEOdesignate Anderson to take helm in June Departing CEO Baumann says company structure in good shape FRANKFURT, Feb 28 Reuters Bayer warned operating earnings would decline in 2023, adding to the challenges for its new CEO who will take the helm in June, […]

BERLIN, Feb 28 Reuters Swiss regulators have rebuked Credit Suisse for serious failings in its handling of a multibillion business with now defunct financier Greensill, the third such public censure in two years. The probe, which investigated Credit Suisse39;s abrupt closure of 10 billion of funds linked to Greensill, found that although portrayed as low […]

RIYADHDUBAI, Feb 28 Reuters Saudi Basic Industries Corp SABIC, one of the world39;s biggest petrochemical companies, said on Tuesday its fourthquarter net profit slumped 94 on lower average sales prices. The company posted a net income of 290 million riyals 77.28 million in the threemonth period ended Dec. 31, down from 4.97 billion a year […]

BARCELONA, Feb 28 Reuters Spanish pharmaceuticals company Grifols39; fullyear net profit rose 10 to 208 million euros 220.19 million as blood plasma collection grew more than 25 and said it expects core earnings to grow significantly in 2023. Grifols, which uses blood plasma to make medicines, reported on Tuesday total revenues of 6 billion euros, a […]

Feb 28 Reuters Bank of Nova Scotia Scotiabank reported a lower firstquarter profit on Tuesday, as a lull in its investment banking division dented income from its capital markets unit and compelled the Canadian lender to set aside higher provisions. Net income, excluding oneoff items, came in at C2.37 billion 1.75 billion, or C1.85 a share, […]

Feb 27 Reuters Pfizer Inc is in earlystage talks to acquire cancer drugmaker Seagen Inc in what could be a multibillion dollar deal, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Seagen had a market capitalization of roughly 30 billion, as of Friday39;s close. Seagen was in advanced talks to be acquired by Merck, […]

Now expects 202223 profit in line with 202122 First half group sales up 16 Primark39;s first half sales up 16 Reaction to springsummer ranges very positive LONDON, Feb 27 Reuters Primark owner Associated British Foods on Monday raised its financial guidance for full year 202223, saying consumer spending had proven to be more resilient than it […]

BENGALURU, Feb 27 Reuters Shares of India39;s Bajaj Auto sunk as much as 5.05 on Monday after a media report said the twowheeler maker is expected to take a cut of up to 25 in motorcycle and threewheeler production across its exportfocused plants next month. The stock fell to 3,655.35 rupees, its lowest since Jan. 24. Bajaj Auto […]

Feb 26 Reuters Russian online bank Tinkoff, run by TCS Group Holding, said on Sunday it would suspend trading in euros from Monday following the imposition of a further set of European Union sanctions. The EU agreed a 10th round of punitive measures late on Friday to punish Russia for invading Ukraine. The package includes cutting off […]

Feb 24 Reuters Boeing Co shares fell 3.2 in premarket trading on Friday after the U.S. planemaker temporarily halted deliveries of its 787 Dreamliner jets over a documentation issue related to a fuselage component. Boeing, while reviewing certification records, said on Thursday it discovered an analysis error by our supplier related to the 787 forward pressure […]