Novartis hikes FY forecast after Q3 profit beat

Novartis hikes FY forecast after Q3 profit beat

Novartis posts Q3 earnings with 10 per cent sales growth and 20 per cent core income growth. The drug maker has also hiked its FY guidance. HSBC sees Q3 profits jump by 10 per cent. The lender has also launched a $3bn buyback scheme on the back of slower-than-expected rate cuts. Wall Street begins the week in the green ahead of key inflation data and earnings from the tech sector. In autos news, Volkswagen is warning of unprecedented plant closures and mass lay-offs as the German giant struggles against Chinese rivals and poor demand for EVs.

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Avsnitt(1823)

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ECB, BoE hold rates steady in face of inflation threat

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27 Apr 24min

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U.S. President Donald Trump hails a three-week ceasefire extension between Israel and Lebanon and that he is willing to wait until an appropriate deal is reached with Iran in order to re-open the Stra...

24 Apr 26min

Podcast summary: European Q1 earnings in focus

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Nestlé and Heineken both post Q1 earnings beats with LSEG and Roche results out today as well. Tesla also beats in the first quarter however it misses its revenue target and hikes capex expenditure. C...

23 Apr 25min

U.S.-Iran ceasefire extended but Strait of Hormuz remains shut

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U.S. President Trump extends the ceasefire with Iran in order to allow for further peace talks to be organised. However, the Strait of Hormuz remains blockaded by both sides with global markets in lim...

22 Apr 27min

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