Olivia Bugault News Today

By Olivia Bugault Safran SA has increased its stocks of titanium and is moving to reduce its reliance on Russian provider in light of the Ukraine crisis, Chief Executive Officer Olivier... | February 24, 2022

By Olivia Bugault OMV AG said Thursday that its subsidiary Borealis has received a binding takeover offer for its nitrogen business from fertilizer producer EuroChem. The offer values... | February 3, 2022

By Olivia Bugault Merck KGaA said late Wednesday that its life-science business has entered into a 121 million euro contract with the U.S. government to build a lateral-flow-membrane... | December 30, 2021

By Olivia Bugault Qatar Airways said late Monday it has filed legal proceedings against European plane maker Airbus SE related to fuselage surface degradation on A350 widebody jets. Qatar... | December 21, 2021

By Olivia Bugault CFM International, the 50/50 joint venture between jet engine makers Safran SA and General Electric Co., said Saturday that it signed an agreement with Saudi Arabian Airlines... | December 6, 2021

By Olivia Bugault Airbus SE said Saturday that its Airbus Helicopters unit signed a second purchase agreement with Saudi Arabias Helicopter Co. for 26 aircraft. The European plane maker... | December 6, 2021

Provided by Dow Jones By Olivia Bugault BNP Paribas SA said Friday that second-quarter net profit and revenue rose as it booked lower provisions to cover credit losses, while it will distribute another dividend. Frances largest listed bank by assets posted net profit for the period of 2.91 billion euros ($3.45 billion), up from EUR2.30 billion a year earlier and beating expectations of EUR2.46 billion, according to a consensus provided by FactSet. Revenue edged up 0...

By Olivia Bugault Novartis AG said late Friday that Phase 3 of its Merlin trial that assesses the efficacy and safety of Beovu has met its primary endpoint, but that it will terminate the... | May 31, 2021

By Olivia Bugault Allianz SE said Wednesday that revenue edged down in its first quarter while profit jumped helped by a strong growth at its property and casualty and its life-health businesses. The German insurer reported net profit of 2.57 billion euros ($3.12 billion), up from EUR1.40 billion during the first quarter of 2020, and operating profit grew 45% to EUR3.34 billion, it said. "In our property-casualty business segment, operating profit grew strongly due to a higher und...

Provided by Dow Jones By Olivia Bugault Merck KGaA said late Tuesday that it has raised its outlook for 2021 after a "very strong" first quarter and high demand for its products that should continue this year. The German pharmaceuticals-and-chemicals company said it now expects sales to come in roughly between 18.5 billion euros and 19.5 billion euros ($22.22 billion-$23.43 billion). That compares with a previous guidance of strong organic growth. Merck KGaAs 2021 ...