Philips expects summer recovery from supply chain woes
Dutch health technology company Philips (PHG.AS) said on Monday it expects sales to recover strongly in the second half of the year, while a steep decline due to global shortage of parts is likely to persist in the coming months.
France’s OVHcloud picks up speed in Q1, on track for 2022 targets
French cloud computing company OVHcloud (OVH.PA) reported on Wednesday a rise of 13.9% in its first-quarter revenue, and said it was on track to achieve its full-year objectives.
BlackBerry revenue beats estimates as cybersecurity demand stays strong
BlackBerry Ltd (BB.TO), beat Wall Street estimates for third-quarter revenue on Tuesday, helped by sustained demand for its cybersecurity and Internet of Things products.
LG Energy Solution targets up to $10.9 bln in S.Korea’s biggest IPO
LG Energy Solution (LGES) is likely to raise up to 12.8 trillion won ($10.87 billion) in what could be South Korea’s biggest initial public offering as the battery maker seeks funds to expand and meet booming demand for EV batteries.
Saint-Gobain buys U.S.-based GCP to grow in construction chemicals
French construction materials company Saint-Gobain (SGOB.PA) on Monday said it would buy GCP Applied Technologies (GCP.N) in a deal that values the U.S.-based specialty construction chemicals company at around $2.3 billion.
Spain’s BBVA says Garanti deal priced in further lira depreciation
Spain’s BBVA (BBVA.MC) on Wednesday reiterated its long-term commitment towards Turkey and said lira depreciation had been taken into account while structuring its recent purchase offer for a stake in Garanti Bank.
Thyssenkrupp’s profit to double in 2022, flags hydrogen IPO
Thyssenkrupp’s (TKAG.DE) operating profit could more than double next year, the submarines-to-steel group said on Thursday, boosted by an economic recovery and turnaround that will likely include listings of its hydrogen and steel divisions.
