Ericsson’s Q4 revenue, core profit rises on US demand recovery
STOCKHOLM (Reuters) – Swedish telecom equipment maker Ericsson (BS:ERICAs) reported on Friday a rise in fourth-quarter revenue and adjusted operating profit as its mainstay North American market returned to growth. Net sales rose 1% to 72.9 billion crowns ($6.66 billion), beating
Rolls-Royce secures £9 bln Unity contract for UK submarine fleet
Investing.com — Rolls-Royce (LON:RR) on Friday said that it has won the biggest defence contract in its history, as the UK Ministry of Defence (MoD) awarded the engineering giant a £9 billion deal to oversee the development and support of
Signify says CEO Rondolat to step down amid falling profits
By Hugo Lhomedet and Leo Marchandon (Reuters) -Signify, the world’s biggest maker of lights, on Friday reported a nearly 10% drop in its 2024 core profit and said CEO Eric Rondolat would step down after the annual general meeting in April. The
Analysis-Dividend surge signals culture shift in China’s markets
By Jiaxing Li and Ankur Banerjee HONG KONG/SINGAPORE (Reuters) – New shades of capitalism are emerging in China’s tuckered out stock market as companies, at Beijing’s behest, buy back their shares and pay record dividends to investors lying in wait for
BOJ Governor Ueda’s comments at news conference
(Reuters) -The Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target. At its