North Sea-focused Harbour Energy on Thursday said a review of its UK operations has resulted in a reduction of 250 jobs due to significantly lower anticipated investment in the UK driven by the domestic fiscal regime. ...

Core Insights - A.P. Moller-Maersk reported third-quarter operating profit that exceeded expectations and has raised the lower end of its full-year profit forecast [1] Financial Performance - The company achieved an operating profit in the third quarter that was above market expectations [1] - The lower end of the full-year profit forecast has been increased, indicating a positive outlook for the remainder of the year [1]

Core Viewpoint - KKR & Co and Singapore Telecommunications are in advanced negotiations to acquire over 80% of ST Telemedia Global Data Centres, aiming for full ownership for more than S$5 billion (approximately $3.9 billion) [1] Group 1 - The acquisition would significantly enhance KKR & Co's and Singapore Telecommunications' presence in the data center sector [1] - The deal reflects the growing demand for data center services amid increasing digitalization and cloud computing trends [1] - This transaction is part of a broader trend of consolidation in the data center industry as companies seek to scale operations and improve service offerings [1]

Core Insights - AstraZeneca exceeded third-quarter earnings expectations, driven by robust sales of key drugs for cancer, heart, and kidney diseases [1] Group 1: Financial Performance - The company reported strong earnings, surpassing market expectations for the third quarter [1] - Sales growth was particularly notable in the oncology, cardiovascular, and renal disease segments [1] Group 2: Market Position - AstraZeneca remains the most valuable listed company in London, reflecting its strong market position and investor confidence [1] - The performance reinforces AstraZeneca's strategic focus on high-demand therapeutic areas [1]

Core Viewpoint - French utility Engie reported a decline in nine-month earnings by 11% compared to the previous year, primarily due to reduced hydropower production and lower gas prices, despite an increase in gas volumes sold due to colder-than-average weather [1] Financial Performance - Engie's nine-month earnings fell by 11% year-on-year [1] - The decrease in earnings was attributed to lower hydropower production and gas prices [1] Market Conditions - Colder-than-average weather contributed to an overall increase in gas volumes sold [1]

Core Insights - Rheinmetall, a German arms manufacturer, has reported a significant increase in sales due to heightened European defense spending, with a 20% rise in consolidated sales to 7.52 billion euros ($8.77 billion) in the first nine months of the year [1] Company Summary - Rheinmetall's consolidated sales reached 7.52 billion euros ($8.77 billion) in the first nine months of the year, marking a 20% increase compared to the previous period [1] - The company is positioned as one of the main beneficiaries of the increase in defense spending across Europe [1]

Core Insights - European satellite company SES reported a lower than expected core profit for the third quarter [1] - The decline in profit was attributed to integration costs from its recent acquisition of Intelsat [1] Financial Performance - The core profit for SES in the third quarter was below market expectations [1] - Integration costs related to the Intelsat acquisition negatively impacted the financial results [1]

Core Insights - Zalando reported a 21.6% increase in gross merchandise volume in the third quarter, primarily due to the inclusion of its newly acquired About You business [1] Group 1 - The growth in gross merchandise volume indicates strong performance in the online fashion marketplace sector [1] - The acquisition of About You has significantly contributed to Zalando's revenue growth during this period [1]

Germany's Commerzbank , fending off a possible takeover by Italy's UniCredit , said on Thursday that net profit fell 7.9% in the third quarter, defying expectations for an increase in profit. ...

Core Insights - Volvo Cars is targeting a long-term operating profit margin of over 8% as part of a strategy overhaul [1] Company Strategy - The strategy overhaul indicates a shift in operational focus for Volvo Cars aimed at improving profitability [1]