Thomas Barnet

DoorDash set to acquire Deliveroo for £2.7bn.

British meal delivery specialist Deliveroo announced on Friday that it had received a takeover bid from US company DoorDash. Dated April 5, the proposal values Deliveroo at £2.7bn, or about $3.6bn.

April 28, 2025 at 09:13 am

Automotive: sales up 2.8% in Europe in March thanks to electric vehicles

New car sales in Europe rose 2.8% in March, driven by a surge in registrations in the United Kingdom and Spain, according to data released Thursday by the European Automobile Manufacturers' Association (ACEA). The increase comes as electric vehicles offset the decline in gasoline and diesel engines.

April 24, 2025 at 08:26 am

SAP soars 10% after results

Germany's SAP Group has reported Q1 adjusted operating operating profit of E2.5bn for Q1, exceeding analysts' forecasts of E2.22bn, a consensus provided by the company. In the same period last year, SAP posted earnings of ?1.53bn.

April 23, 2025 at 12:50 pm

Sanofi and Novartis are calling for American drug prices in Europe

European pharmaceutical giants are calling on the EU to raise drug prices to remain competitive, following the US example. The US pays up to three times more for drugs than the rest of the world.

April 23, 2025 at 08:26 am

Is Huawei's AI chip ready to dethrone Nvidia in China?

Huawei Technologies is preparing to launch the mass production of its advanced artificial intelligence chip, the 910C, for its Chinese customers as early as next month, according to information obtained by Bloomberg. Some deliveries have reportedly already been made.

April 22, 2025 at 11:24 am

Roche will invest $50bn in US over five years.

On Tuesday Roche announced a massive $50bn investment in the United States over the next five years. The Swiss pharmaceutical group plans to create over 12,000 jobs, including nearly 6,500 in construction and 1,000 in new facilities or expanded sites.

April 22, 2025 at 09:49 am

ABB plans to float its robotics division

On Thursday the Swiss industrial group ABB announced its intention to spin off its robotics division, marking the company's largest reorganization since the sale of its power grid business to Hitachi in 2018.

April 17, 2025 at 09:46 am

Temu and Shein sharply reduce advertising spend in the US

Chinese e-commerce giants Temu and Shein, among the largest advertisers on US social media, are drastically cutting their digital advertising spending in the United States, according to industry data. The move is a blow to major tech platforms such as Facebook (Meta) and YouTube.

April 17, 2025 at 08:30 am

European companies' profits expected to fall by 3% in Q1

The financial health outlook for European companies has deteriorated, according to the latest LSEG I/B/E/S forecasts published on Tuesday, as economic uncertainty continues to weigh on activity.

April 16, 2025 at 09:53 am

Airbus maintains targets for 2025 despite customs duties

Airbus confirmed its annual forecasts on Tuesday at its general meeting, while informing its shareholders about its intention to follow "closely and actively" the economic and commercial disruptions that have been shaking the markets for several weeks.

April 16, 2025 at 09:45 am

Bunzl slumps 25% after bad news

The British distributor of professional supplies Bunzl has reduced its forecasts for 2025 and suspended its share buyback program, due to pressure on its North American activities and an uncertain global economic climate.

April 16, 2025 at 09:22 am

Sartorius Stedim Biotech gets 2025 off to a good start

After three consecutive years of decline on the stock market and the loss of its status as a rising star, Sartorius Stedim Biotech returned to dynamic publication in Q1 2025, with growth of 10.4%, with a fairly substantial improvement in margins. The group, which had not set targets at the beginning of the year, is providing its first indications.

April 16, 2025 at 09:06 am

Nvidia's accounts weighed on by new US restrictions

On Tuesday, Nvidia announced a $5.5bn charge related to new restrictions imposed by the US government on the export of its H20 artificial intelligence chip to China, one of its key markets for this flagship product. The stock lost 6% in post-closing trading, mirrored by that of AMD, which is subject to the same restrictions.

April 16, 2025 at 08:28 am

Hermès (briefly) snatches crown from LVMH on Paris Stock Exchange

On the morning of April 15, 2024, Hermès briefly overtook LVMH to become the largest market capitalization on the Paris stock exchange, at around ?246bn. The two luxury goods giants are very close, but Hermès benefited from the sharp fall of LVMH (-5%) after poor Q1 sales at Louis Vuitton.

April 15, 2025 at 10:56 am

Boeing persona non grata in China?

Airbus shares rose on the morning of April 15 on the Paris Stock Exchange after Bloomberg revealed that China plans to freeze Boeing deliveries to its national airlines. This is obviously the latest twist in the trade war between the two countries.

April 15, 2025 at 10:41 am

Publicis confirms annual targets thanks to major contracts

On Tuesday, Publicis confirmed its forecasts for 2025, driven by significant commercial gains and advertising expenditure that is globally stable despite a context marked by global trade tensions.

April 15, 2025 at 10:38 am

Applied Materials takes 9% stake in BE Semiconductor

Applied Materials has announced that it has acquired 9% of the capital of BE Semiconductor Industries (BESI), a Dutch manufacturer of assembly equipment for the semiconductor industry.

April 15, 2025 at 10:17 am

TotalEnergies production tops forecasts in Q1

TotalEnergies forecasts hydrocarbon production at the top end of its range for Q1 2025, with year-on-year growth of around 4%. According to an update published on Tuesday, production should reach 2.5-to-2.55 million barrels of oil equivalent per day (Mboe/d).

April 15, 2025 at 08:16 am

Intel sells control of Altera to Silver Lake

The semiconductor giant is continuing with its refocusing strategy by selling 51% of Altera to Silver Lake. This transaction is designed to strengthen the independence of the FPGA (field programmable gate array) business, while enabling Intel to reinforce its financial position.

April 14, 2025 at 02:45 pm

Goldman Sachs sees ounce of gold at $3700 by the end of 2025 (+15%)

Goldman Sachs has raised its forecast for the year-end gold price from $3,300 to $3,700 per ounce. The US bank cites stronger-than-expected demand from central banks and recessionary risks as driving up demand for the precious metal, particularly via ETFs.

April 14, 2025 at 10:08 am

BNP Paribas lowers return on capital for AXA IM transaction

April 14, 2025 at 09:17 am