Category: Business
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Taylor Swift’s Concert Book Proves a Chart-Topper
The entertainer’s self-published work sold more than 800,000 copies in its first two days.
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GSK, China’s Zhifei Expand Shingles Shot Collaboration
GSK extended its collaboration with Zhifei to commercialize its shingles vaccine Shingrix in China until 2034.
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Equinor, Shell to Combine U.K. Assets
The energy majors will create a joint venture they say will be the biggest independent producer in the North Sea to help sustain domestic oil-and-gas production and secure energy supply in the U.K.
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Balfour Beatty Forecasts Earnings Beat
Balfour Beatty said it was on track to deliver earnings growth ahead of market forecasts this year, and that it planned further share buybacks in 2025.
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Safran Outlines Growth, Shareholder Return Plans
Safran anticipates further sales and profit growth next year and said it intends to return about 70% of its cash generation to shareholders from 2025 to 2028.
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Frasers Downgrades Outlook on Weak Consumer Confidence
For the year ending April, the sports-fashion retailer said it expected adjusted profits of $699 million-$762 million, a lower range than previously forecast, citing recent tough business conditions and weak consumer confidence.
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Neoen Agrees to Australian Asset Sale to Smooth Brookfield Takeover
Real-estate investor HMC Capital will pay Neoen about US$616 million for some of its Australian generation and storage assets.
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Vodafone-Three Merger Gets Conditional U.K. Clearance
The Competition and Markets Authority said the deal will likely boost competition in the U.K. mobile sector, but would only proceed if both companies implement certain conditions.
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Airbus to Move Ahead With 2,000 Job Cuts at Defense and Space Business
The cuts amount to around 5% of the division’s workforce, fewer than the up to 2,500 positions Airbus had initially sought to eliminate two months ago.
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Basic Materials Roundup: Market Talk
Read about Rio Tinto, China’s lithium supply and more in the latest Market Talks covering Basic Materials.