A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Wednesday reported third-quarter revenue and adjusted earnings that topped expectations while raising its full-year profit guidance, as sales of its breakthrough Alzheimer’s drug, Leqembi, and other new products gain traction. …
Volkswagen has reported a 60% drop in profits amid a slump in sales in China, with the carmaker emphasising the difficulties it faces as it prepares to close factories in Germany for the first time. Germany’s biggest carmaker has told workers that it is considering shutting three plants serving its main Volkswagen brand in its…
The global mining company BHP has “moved on” from its three unsuccessful attempts to take over the rival Anglo American earlier this year and will focus on other growth opportunities instead, its chair has said. Speaking at BHP’s annual general meeting in Brisbane on Wednesday, Ken MacKenzie suggested the Australian miner would not be resurrecting…
Last month an expensive GoPro action camera that I had not ordered was delivered to my house. Then the bill arrived from the online retailer Jacamo. It turned out that someone had opened an account in my name and spent more than £800. The fraudsters also created an account in my wife’s name and spent…
As the Long Read turns 10 we are raiding the archives to bring you a favourite piece from each year since 2014, with new introductions from the authors. This week from 2018: How an extreme libertarian tract predicting the collapse of liberal democracies – written by Jacob Rees-Mogg’s father – inspired the likes of Peter…
Alphabet, parent of Google and YouTube, saw a third straight quarter of gains as it reported earnings on Tuesday. The tech giant had largely exceeded analyst expectations for the previous two quarters, and Tuesday’s results showed growth in both digital advertising and demand for Google Cloud. “The momentum across the company is extraordinary. Our commitment…
Santander is cutting more than 1,400 jobs across its UK business this year as part of its efforts to reduce costs. The Spanish bank’s chief executive officer, Hector Grisi, confirmed the cuts as its UK division delayed publication of its latest financial results to consider the impact of an influential court ruling linked to commission…
Starbucks office workers will risk losing their jobs if they fail to comply with the company’s hybrid work requirement that employees are in the office three times a week. According to the Wall Street Journal an internal message sent to employees warns that an “accountability process” will start in January 2025. Consequences for non-compliance are…
There goes another of BP’s shiny targets cum ambitions. This one is not related to the pace of energy transition but is purely financial. Soon after getting the top job permanently at the start of the year, the chief executive, Murray Auchincloss, said BP planned to spend $14bn (£10.7bn) buying back shares over the course…
Cooper Flagg, #2 of the Duke Blue Devils, moves the ball against the Arizona State Sun Devils during the game at Cameron Indoor Stadium in Durham, North Carolina, on Oct. 27, 2024. Grant Halverson | Getty Images Gatorade is adding another big-name athlete to its already loaded portfolio. First-year Duke men’s basketball player Cooper Flagg…
