Novartis, helped by cost cuts, raises full-year outlook
By Ludwig Burger FRANKFURT (Reuters) -Novartis on Tuesday raised its full-year earnings outlook following cost cuts, a breast cancer drug…
Economy
UK’s lower-than-expected borrowing points to future budget leeway
By Andy Bruce LONDON (Reuters) -Britain’s government borrowed less than predicted in the financial year that ended in March, according…
ABB’s strong start and raised guidance dispel industrial gloom
By John Revill ZURICH (Reuters) -ABB Ltd raised its full-year guidance for sales and profit on Tuesday, dispelling some of…
Santander profit beat overshadowed by weak quarter in Brazil
By Jesús Aguado MADRID (Reuters) – Spain’s Santander on Tuesday beat forecasts with a 1% rise in first-quarter net profit…
World Bank sees Western Balkan economies resilient despite subdued growth
SARAJEVO (Reuters) – The economies of the six countries of the Western Balkans show resilience despite economic growth estimated to…
First Republic Bank deposits tumble more than $100 billion as it explores options
By Mehnaz Yasmin and Nupur Anand (Reuters) -First Republic Bank shares sank more than 20% after the closing bell on…
Commercial real estate loans in core Europe face $55 billion funding gap, report says
By Chiara Elisei LONDON (Reuters) – Around one in five loans backing commercial real estate (CRE) in Britain, France and…
German export sentiment at highest level since February 2022 – Ifo
(Reuters) -Sentiment among German exporters has rebounded to the highest point seen since the outbreak of war in Ukraine last…
KitKat sweetens Nestle sales with Easter, Valentine’s Day comeback
By Richa Naidu LONDON (Reuters) – In a quarter that saw Nestle’s overall sales volumes dip, the KitKat maker’s candy…
London Q1 finance job vacancies plummet 31% year-on-year
LONDON (Reuters) – First-quarter job opportunities in London’s financial sector plunged by almost a third year-on-year, recruiter Morgan McKinley said…