Investing.com — Leonardo, the Italian aerospace and defense group, announced on Monday that it has signed an agreement to broaden its collaboration with Saudi Arabia in the aerospace and defense sector. This agreement builds upon a memorandum of understanding that was announced in early 2024. The memorandum explored multiple areas of collaboration, including the space…
Diageo (LON:DGE) PLC, the British multinational beverage alcohol company, confirmed that it has no plans to sell its iconic Guinness brand or its share in Moet Hennessy. This announcement on Sunday was a response to a media report suggesting the possibility of the company divesting some of its brands due to a slowdown in demand…
(Reuters) – Shares in BASF fell 3% in early Frankfurt trading after the chemical company late on Friday reported write-downs and a drop in annual earnings below estimates. According to preliminary figures, 2024 earnings before interest and taxes fell to 2 billion euros ($2.09 billion), missing Vara’s analyst consensus of 3.2 billion euros, also falling…
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under way. BATTLES IN GENERALI AND MEDIOBANCA Caltagirone last year expanded his investments in Italy’s financial sector and is now a key shareholder in bailed-out bank Monte dei Paschi di Siena (MPS)…
Investing.com — Ryanair (LON:0RYA) on Monday revised its fiscal 2026 passenger traffic growth target due to ongoing delays in the delivery of aircraft from Boeing (NYSE:BA). The airline now expects to carry 206 million passengers in fiscal 2026, down from its original target of 210 million, reflecting a modest 3% reduction in growth projections. The…
Investing.com — A group of Indian digital news publishers, including those owned by billionaires Gautam Adani and Mukesh Ambani, have initiated a legal challenge against OpenAI, Reuters reported on Monday, citing legal papers. They allege that the AI company has improperly used copyrighted content from their platforms, the report said. The outlets, which include Adani’s…
(Reuters) – British autocatalyst maker Johnson Matthey (LON:JMAT) said on Monday it has implemented plans to significantly increase its cash efficiency and cut its capital expenditure in hydrogen technologies business following pressure from its top investor. Standard Investments, the largest shareholder in Johnson Matthey, last month had urged the group to initiate a strategic review…
Roche on Monday revealed positive results from the EMBARK trial, showing that its gene therapy Elevidys has sustained benefits for individuals with Duchenne muscular dystrophy (DMD) over a two-year period. The phase III study demonstrated significant improvements in motor functions, such as standing, walking, and running, compared to an untreated control group. The trial evaluated…
(Reuters) – The chairman of Julius Baer (SIX:BAER), Romeo Lacher, is to step down, the Swiss bank said on Monday as it continued a shake-up of management that began a year ago after it suffered major losses from exposure to collapsed property group Signa. In a statement, Baer said that Lacher will not stand for…
Investing.com — U.K. retailer WH Smith said that it is contemplating the potential sale of its high-street business. The company, which operates outlets in airports and train stations, in addition to its high-street stores, said on Saturday that there is no guarantee of reaching an agreement and it will provide additional updates when suitable. WH…
