News & Analytic Centre

Nov 14 Reuters Tapestry said on Thursday it was terminating its 8.5 billion bid for Michael Kors owner Capri after a legal hurdle last month, ending their effort to create a U.S. luxury giant to compete with major European players. The deal would have brought six brands under one roof Tapestry39;s Coach, Kate Spade and Stuart Weitzman; […]

MILAN, Nov 14 Reuters Telecom Italia TIM will be better able to assess whether it can resume dividend payments in February, when it updates its strategy following the sale of its fixedline network, the head of Italy39;s biggest telecoms group said. With the presentation of the plan 20252027, Pietro Labriola told analysts during a postresults call […]

FRANKFURT, Nov 14 Reuters Merck KGaA on Thursday reported a gain of 11.9 in adjusted quarterly earnings, helped by temporarily lower spending on drug development and a rebound in demand for its specialty materials. The German pharma and technology company said in a statement that earnings before interest, taxes, depreciation and amortisation EBITDA, adjusted for special […]

Company expects sales growth of 37 in 2025 Flags rising risks after US election, German govt collapse CEO unveils new plan to accelerate tech growth Shares indicated higher after earnings beat forecasts ZURICH, Nov 14 Reuters Siemens flagged mounting geopolitical risks like trade conflicts and weak consumer demand in the year ahead after posting fourth quarter […]

ZURICH, Nov 14 Reuters Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday. Sometimes we have to do some reengineering because the developments weren39;t as positive as we expected them to be, said Busch after Siemens reported a 46 plunge in profit at its flagship digital […]