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West Pharma forecasts 2026 profit above estimates on strong demand for drug components
Reuters· 2026-02-12 11:58
Core Insights - West Pharmaceutical is forecasting annual profit above Wall Street estimates following a strong fourth-quarter performance driven by high demand for its proprietary products, including syringes [1] Group 1 - The company reported better-than-expected fourth-quarter results, indicating robust demand for its proprietary products [1] - The forecast for annual profit suggests a positive outlook, exceeding market expectations [1]
Burger King owner Restaurant Brands beats fourth-quarter sales estimates
Reuters· 2026-02-12 11:40
Burger King owner Restaurant Brands beats fourth-quarter sales estimates | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 Restaurant Brands International logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration[1/2]Restaurant Brands International logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration [Purchas ...
Bombardier fourth-quarter revenue rises on higher business jet deliveries
Reuters· 2026-02-12 11:34
Bombardier fourth-quarter revenue rises on higher business jet deliveries | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]People stand next to a Bombardier Global 7500 aircraft at Bombardier's private jet completion center in Montreal, Quebec, Canada February 6, 2025. REUTERS/Evan Buhler/File Photo/File Photo [Purchase Licensing Rights, opens new tab]Feb 12 (Reuters) - Bombardier [(BBDb.TO), opens new tab] on Thursday reported high ...
Mercedes CEO: mantra is now 'profitable growth'
Reuters· 2026-02-12 11:11
Core Viewpoint - Mercedes-Benz Group CEO Ola Kaellenius emphasized a shift in strategy from "value over volume" to a focus on "profitable growth" to reassure investors [1]. Group 1: Company Strategy - The company is transitioning its mantra to prioritize profitable growth, indicating a potential retreat from its previous strategy of prioritizing value over volume [1]. - This strategic shift aims to enhance investor confidence and align with market expectations for sustainable profitability [1].
Focus: American Airlines unions ratchet up pressure on board over lagging profit
Reuters· 2026-02-12 11:02
Core Viewpoint - American Airlines is facing increased pressure from its unions regarding its lagging profitability compared to Delta and United Airlines, leading to demands for accountability and potential leadership changes [1]. Profitability Concerns - American Airlines has generated $352 million in adjusted pretax profit for 2025, significantly lower than Delta's approximately $5 billion and United's $4.6 billion [1]. - The airline's shares have decreased by about 10% over the past year, while Delta and United have seen gains of approximately 14% and 12%, respectively [1]. - Unions attribute worker frustration to the profit gap and smaller profit-sharing payouts, with some crew members receiving as little as $150 in profit-sharing for 2025 [1]. Union Actions - The pilots' union has urged the board to take decisive action and requested a meeting with the full board, while the flight attendants' union has issued a no-confidence vote in CEO Robert Isom [1]. - The Association of Professional Flight Attendants (APFA) has called for accountability and leadership change, planning a protest outside American's headquarters [1]. Operational Challenges - American Airlines has faced operational issues, including a winter storm in January that led to widespread flight cancellations, highlighting weaknesses in its recovery system [1]. - Data indicates that American's reliability has lagged behind key competitors, with the highest cancellation rate among major airlines [1]. Future Outlook - American Airlines aims to improve its profitability by investing in premium products and operational reliability, with expectations to cut debt to under $35 billion by 2026 [1]. - Analysts predict that American's share of combined pretax profits among the three major airlines could rise from just under 4% in 2025 to about 12% in 2026 [1].
Cyber security firm Check Point Software Q4 profit tops estimates
Reuters· 2026-02-12 10:38
Cyber security firm Check Point Software Q4 profit tops estimates | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]JERUSALEM, Feb 12 (Reuters) - Check Point Software Technologies [(CHKP.O), opens new tab] beat expectations for fourth-quarter profit on Thursday, boosted by sales gains in its products that protect and prevent corporate networks from cyber threats.The Israeli-based network security company reported $3.40 per diluted sh ...
Spanish grid operator's planning created risks on blackout day, Endesa CEO says
Reuters· 2026-02-12 10:33
Group 1 - The CEO of Endesa, Jose Bogas, stated that the Spanish power grid operator REE lacked sufficient conventional plants in its energy mix planning, which contributed to the nationwide blackout on April 28 last year [1] - Bogas emphasized that Endesa's power plants adhered to regulations and did not disconnect improperly during the blackout event, indicating that similar conditions could lead to another blackout in the future [1]
Hundreds of Lufthansa flights cancelled as pilots, cabin crew walk out
Reuters· 2026-02-12 09:43
Core Insights - Lufthansa experienced significant disruptions with hundreds of flights cancelled due to a strike by pilots and flight attendants, highlighting ongoing challenges in managing costs at the airline [1] Company Summary - The strike at Lufthansa involved both pilots and flight attendants, indicating a widespread labor action affecting operations [1] - This incident underscores the airline's long-term struggle to control costs within its core brand, which has been a persistent issue for the company [1] Industry Summary - The strike reflects broader labor tensions within the airline industry, particularly as companies navigate cost management and operational efficiency [1] - Lufthansa's situation may serve as a case study for other airlines facing similar challenges in labor relations and cost control [1]
Global oil demand to rise by less than expected in 2026, IEA says
Reuters· 2026-02-12 09:03
Group 1 - The International Energy Agency (IEA) has lowered its forecast for global oil demand growth in 2026, attributing this adjustment to the impact of higher prices on consumption [1] - The IEA projects a surplus of 3.73 million barrels per day in 2026, driven by increased supply from OPEC+ producers and non-OPEC countries, which is slightly up from the previous month's projection of a 3.69 million bpd surplus [1]
Who is Sanofi's new CEO Belén Garijo?
Reuters· 2026-02-12 08:58
Core Viewpoint - Sanofi has appointed Belén Garijo as its new CEO, replacing Paul Hudson, amid challenges in the vaccine market and a stalled turnaround since Hudson's leadership began in 2019 [1]. Company Overview - Belén Garijo, aged 65, has a 15-year history with Sanofi, previously serving as vice president of pharmaceutical operations for Europe and Canada and as a member of the executive committee [1]. - Garijo played a significant role in integrating Sanofi's rare diseases unit, Genzyme, in the U.S. [1]. Previous Experience - Prior to her appointment at Sanofi, Garijo was the CEO of Merck KGaA, where she managed the company through turbulent market conditions influenced by the COVID-19 pandemic and oversaw strategic acquisitions and divestitures [1]. - Her tenure at Merck KGaA was marked by a mixed track record in drug development, with the company facing several setbacks during her leadership [1]. Board Memberships - Garijo served on the board of L'Oreal from 2014 to 2024 and currently holds a position on the board of Spanish lender BBVA [1]. Market Reaction - Following the announcement of Garijo's appointment, Sanofi's shares fell nearly 3% by 08:45 GMT on the day of the news [1].