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Legal Fee Tracker: China's Irico faces fee award plus damages in price-fixing case

Legal Fee Tracker: China's Irico faces fee award plus damages in price-fixing case By Mike Scarcella Nov 21 (Reuters) - Facing a potential multibillion-dollar default judgment in an antitrust case, Chinese state-owned manufacturing company Irico Group told a U.S. judge this year that being ordered to pay part of its opponents' legal fees could be an alternative sanction.
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Carnival, Natwest Group, Unite Group

EUROPE RESEARCH ROUNDUP- Carnival, Natwest Group, Unite Group Nov 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Carnival, Natwest Group and Unite Group, on Tuesday. HIGHLIGHTS * Antofagasta ANTO.L : Barclays raises target price to 2000p from 1500p * Carnival Plc CCL.L : Morgan Stanley raises target price to 1550p from 1250p * GSK GSK.L : Jefferies cuts to hold from buy; cuts target price to 1525p from 2000p * Natwest Group Plc
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China-listed TV maker halts work at Russian factory over payment issues

China-listed TV maker halts work at Russian factory over payment issues Nov 7 (Reuters) - A manufacturer of Philips, Sharp and Sony televisions listed in China has halted work at its Russian factory near St Petersburg due to payment problems with foreign suppliers for spare parts, the plant told Reuters on Thursday. Russia is grappling with payment issues due to Western sanctions over its February 2022 invasion of Ukraine that blocked it from dollar markets and the SWIFT global payments system,
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Siemens Healthineers meets annual revenue and profit view, shares jump 8%

UPDATE 2-Siemens Healthineers meets annual revenue and profit view, shares jump 8% Adds China context, details and quotes from analyst presentation in paragraphs 4-10 By Marleen Kaesebier and Jörn Poltz Nov 6 (Reuters) - Siemens Healthineers SHLG.DE met its annual revenue and profit growth forecast on Wednesday, as strength in its Imaging segment and U.S.
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Soccer-PSV Eindhoven ease to 4-0 victory over 10-man Girona

UPDATE 2-Soccer-PSV Eindhoven ease to 4-0 victory over 10-man Girona adds quotes EINDHOVEN, Netherlands, Nov 5 (Reuters) - Ryan Flamingo and Malik Tillman scored first half goals as a dominant PSV Eindhoven picked up a first win of their Champions League campaign with an impressive 4-0 victory over 10-man Girona at the Philips Stadion on Tuesday. Flamingo netted his first Champions League goal when he turned in Tillman’s long throw before the latter added a second when he burst into the box un
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Soccer-PSV Eindhoven ease to 4-0 victory over 10-man Girona

Soccer-PSV Eindhoven ease to 4-0 victory over 10-man Girona EINDHOVEN, Netherlands, Nov 5 (Reuters) - Ryan Flamingo and Malik Tillman scored first half goals as a dominant PSV Eindhoven picked up a first win of their Champions League campaign with an impressive 4-0 victory over 10-man Girona at the Philips Stadion on Tuesday. Flamingo netted his first Champions League goal when he turned in Tillman’s long throw, though replays suggested the latter’s foot was in the field of play and the effo
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Top of the Street: Philips, ABB, VAT Group

BUZZ-Top of the Street: Philips, ABB, VAT Group A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Jefferies raises Philips PHG.AS to "hold" from "underperform", saying the Dutch medical devices maker's risk/reward profile is more balanced and the valuation reflects more adequately short-term challenges after the stock plunged on Monday ** Goldman Sachs cuts ABB Ltd ABBN.S to "neutral" from "buy", seeing the stock as no longer underappreciated as it trades
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Royal Philips- Over Next 4 Years, CBRND, To Invest $25 Million To Make Rapid Analysis Of Threat Exposure Algorithm More Accessible In Field

BRIEF-Royal Philips- Over Next 4 Years, JPEO-CBRND, To Invest $25 Million To Make Rapid Analysis Of Threat Exposure Algorithm More Accessible In Field Oct 29 (Reuters) - Koninklijke Philips NV PHG.AS : ROYAL PHILIPS- OVER NEXT 4 YEARS, JPEO-CBRND, TO INVEST $25 MILLION TO MAKE RAPID ANALYSIS OF THREAT EXPOSURE ALGORITHM MORE ACCESSIBLE IN FIELD Sou
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ABB, Barratt Redrow, Ti Fluid Systems

EUROPE RESEARCH ROUNDUP-ABB, Barratt Redrow, Ti Fluid Systems Oct 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including ABB, Barratt Redrow and Ti Fluid Systems, on Tuesday. HIGHLIGHTS * ABB Ltd ABBN.S : Goldman Sachs cuts to neutral from buy * Barratt Redrow Plc BTRW.L : JP Morgan raises target price to 600p from 560p * Intermediate Capital Group Plc ICGIN.L : Citigroup raises PT to 2610p from 2600p * Ti Fluid Systems TIFS.L : Jeffer
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Jefferies raises Philips to 'hold' as 'valuation collapses on China woes'

BUZZ-Jefferies raises Philips to 'hold' as 'valuation collapses on China woes' ** Jefferies raises Dutch medical devices maker Philips PHG.AS to "hold" from "underperform" as "valuation collapses on China woes" ** "Risk/reward seems more balanced from here," the broker says ** The shares closed -17% on Monday after Q3 results ** "After the stock plunge, we believe the valuation more adequately reflects short-term challenges." - Jefferies ** J.
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STOXX 600 rises ahead of key data and US tech earnings, energy shares cap gains

UPDATE 2-STOXX 600 rises ahead of key data and US tech earnings, energy shares cap gains For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Philips tumbles on lowering full-year sales outlook Melrose jumps after risk and revenue sharing explainer Sonova climbs on news of resuming supply to Costco STOXX 600 up 0.4% Updated with closing prices By Ankika Biswas and Pranav Kashyap Oct 28 (Reuters) - Europe's main stock index closed higher on Mo
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Koninklijke Philips NV reports results for the quarter ended in September 30 - Earnings Summary

Koninklijke Philips NV reports results for the quarter ended in September 30 - Earnings Summary Koninklijke Philips NV PHG.N reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of three analysts for the quarter was for earnings of 34 cents per share.
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Philips’ China misery renews case for bold surgery

BREAKINGVIEWS-Philips’ China misery renews case for bold surgery The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Johnson LONDON, Oct 28 (Reuters Breakingviews) - Koninklijke Philips’ PHG.AS Chinese problems may accelerate a breakup. The 23 billion euro Dutch medical group’s shares fell as much as 17% on Monday after it said sales may barely grow this year.
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European shares gain as key data and US tech earnings loom

CORRECTED-UPDATE 1-European shares gain as key data and US tech earnings loom Corrects to "later this week" from "on Thursday" in paragraph 15 STOXX 600 up 0.4% Philips tumbles on lowering full-year sales outlook ECB'S Luis de Guindos due to speak later in the day By Pranav Kashyap Oct 28 (Reuters) - European shares started the week on a positive note, as investors prepared for a busy schedule of key economic data releases and earnings from major U.S.
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Airlines lift Europe as oil provides drag

LIVE MARKETS-Airlines lift Europe as oil provides drag Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com AIRLINES LIFT EUROPE AS OIL PROVIDES DRAG The STOXX 600 .STOXX is kicking off the week up 0.4%, buoyed by soaring chemicals and airline stocks, while oil shares drag.
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Philips slumps as it cuts guidance on weak demand in China

BUZZ-Philips slumps as it cuts guidance on weak demand in China ** Shares in Philips PHG.AS fall 14.6% after the Dutch medical devices maker cut its 2024 guidance due to weak demand in China ** It reports weaker than expected Q3 sales, down 0.5% yoy vs consensus estimate for 2.1% growth; order intake falls 2% vs 9% growth in Q2 ** "In the (third) quarter, demand from hospitals and consumers in China further deteriorated, while we continue to see solid growth in other regions," CEO Roy Jakobs say
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Event risks galore this week

LIVE MARKETS-Event risks galore this week Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EVENT RISKS GALORE THIS WEEK A weekend election in Japan that has knocked the yen down to three-month lows, a heavy U.S. corporate earnings calendar, Britain's budget and the fast-approaching U.S.
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Philips' deteriorating China sales send shares tumbling 16%

UPDATE 3-Philips' deteriorating China sales send shares tumbling 16% Philips says its third-quarter sales in China slumped Co lowers sales forecast for 2024 Shares fall 16% in early trading Q3 core profit in line with expectations as margins improve Adds share price drop, new CEO quotes in paragraphs, rewrites throughout By Bart H. Meijer AMSTERDAM, Oct 28 (Reuters) - Philips PHG.AS said on Monday that demand in China slumped significantly in recent months, forcing the Dutch medical devices make
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Philips lowers sales outlook as China demand wanes

Philips lowers sales outlook as China demand wanes AMSTERDAM, Oct 28 (Reuters) - Dutch medical devices maker Philips PHG.AS on Monday lowered its sales forecast for the year due to declining demand in China, which pushed its order intake down 2% in the third quarter. Philips now expects comparable sales to grow by 0.5% to 1.5% in 2024, down from a previous expectation of 3% to 5%.
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Philips Revises 2024 Outlook Due To Deteriorated Demand In China

BRIEF-Philips Revises 2024 Outlook Due To Deteriorated Demand In China Oct 28 (Reuters) - Koninklijke Philips NV PHG.AS : PHILIPS DELIVERS STRONG MARGIN IMPROVEMENT; FLAT COMPARABLE SALES DUE TO FURTHER DETERIORATED DEMAND IN CHINA; GROWTH IN REST OF WORLD FULL-YEAR 2024 OUTLOOK REVISED DUE TO CHINA DEMAND OUTLOOK FOR FULL-YEAR 2024 : COMPARABLE SA
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