Breaking News: Europe
Novo Nordisk quarterly profit meets expectations as Wegovy maker narrows full-year guidance
Jakub Porzycki | Nurphoto | Getty Images Novo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance. The Danish pharmaceutical giant said that its net profit in the third quarter hit 27.3 billion Danish kroner ($3.92 billion), above an LSEG aggregate estimate of 26.95 billion […]
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European stocks head for lower open as global markets focus on U.S. vote count
Novo Nordisk quarterly profit meets expectations Boxes of Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024. Hollie Adams | Reuters Novo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance. The Danish pharmaceutical giant said that its […]
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European markets little changed as traders focus on U.S. Election Day; Schroders falls 11%
Schroders shares tumble 13% after third-quarter trading update Shares of Schroders tumbled by more than 13% soon after markets opened on Tuesday, hitting levels last seen in March 2020, according to LSEG data. Schroders on Tuesday reported quarterly net outflows of client funds worth £2.3 billion ($2.99 billion). The company attributed this to market volatility […]
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European markets rise as traders gear up for U.S. election; Burberry shares rise 4.8%
European markets were higher on Monday after a lacklustre start to the day with all eyes on the U.S. presidential election due to take place on Tuesday. The pan-European Stoxx 600 was last 0.26% higher at 10:06 a.m. London time, with regional bourses and sectors widely trading higher. Oil and gas, autos and bank stocks […]
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UK’s Conservatives name Kemi Badenoch as new leader, shifting the party further to the right
Conservative leadership contender Kemi Badenoch delivers a speech on the final day of Conservative party conference at Birmingham ICC Arena on October 2, 2024 in Birmingham, England. Dan Kitwood | Getty Images News | Getty Images LONDON — The U.K.’s opposition Conservative Party on Saturday named right-wing Kemi Badenoch as its new leader, closing a […]
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European markets expected to start November in mixed territory as traders await U.S. jobs data
Commuters cross Millennium Bridge in view of skyscrapers on the skyline of the City of London, UK, on Tuesday, Oct. 29, 2024. Bloomberg | Bloomberg | Getty Images European markets are expected to open mixed on Friday, reflecting a tentative start to November as traders react to a flurry of earnings and look ahead to […]
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UK borrowing costs soar day after Labour government unveiled tax-raising budget
LONDON — U.K. bond yields spiked sharply Thursday after the ruling Labour Party unveiled a sweeping package of tax hikes and increased borrowing. The 2-year gilt yield had jumped 20 basis points by 2:33 p.m. in London, breaching 4.5% for the first time since Labour took office in early July. The 10-year yield was 15 […]
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Euro zone inflation rises to higher-than-expected 2%, weakening case for jumbo rate cut
Line-up of pumpkins in the Netherlands, on Oct. 27, 2024. Nurphoto | Nurphoto | Getty Images Inflation in the 20-nation euro zone rose to 2% in October, preliminary figures released by statistics agency Eurostat showed Thursday. Economists polled by Reuters had forecast a headline figure of 1.9%. The September headline reading was revised down to […]
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European markets open lower ahead of euro zone inflation data; Societe Generale jumps 8%
Traders sit in front of trading screens at ETX Capital in central London on January 3, 2017. London’s FTSE 100 reached a historic peak at 7,205.21 points in morning trade, extending a record run seen in the final week of 2016, before easing back from its highs. Daniel Leal | Afp | Getty Images LONDON […]
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Oil giant Shell posts $6 billion profit beat, launches new share buyback program
The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. Matt Cardy | Getty Images News | Getty Images British oil giant Shell on Thursday posted a small year-on-year drop to a stronger-than-expected third-quarter profit, partly owing to a sharp drop in crude prices and to lower […]
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