Lundstedt. Pass the mustard mccormick buys Reckitt Benckisers food business for 4. 2 billion, adding frenchs mustard and franks hot sauce to the company spice rack the ceo of akzonobel steps down citing Health Reasons as the Dutch Chemicals Company continues to battle activist investor elliott managements attempts to oust its chairman. Weve had so many numbers out of scandinavia the last couple of days and speaking to so many ceos out of that region. Ericsson yesterday tough numbers there. Great numbers today from scedbank we spoke to tele2 who are weathering regulatory problems left, right and center and electrolux and volvo are moving in Different Directions on the market today, but electrolux upgraded its north american outlook after a stronger than expected rise in Second Quarter earnings. The swedish appliance maker upped air north American Growth star get to 3 to 4 citing strengthening demand and a favorable macro environment. Its not the only firm today citing a pick up in north
Very warm welcome to our flagship morning show in london. Manus a little bit of breaking news coming through on the corporate side. Third largest Mortgage Lender in sweden to deliver numbers. Nice, comfortable feet. The market had penciled in 4. 4, so things are getting better. This runs with the theme from seb, when it comes to you have to go nordic to get it. 24. 6 tier one, well in excess of the market expectation of 24. 3 . Strong capitalization performance. This is an environment you have negative rate but it looks as if the economy is sporting the banking industry. Anna thats get a little more breaking news on the earnings. Other news breaking this hour as well. Capital levels you described in the banking sector, lets talk about asml. Secondquarter numbers coming through. Whats interesting about this chip equipment manufacturer is the outlook for the third order that investors seem to focus on. Were hearing that recorder 2017 net sales are acted to come in at 2. 2 billion euros.
Morning show in the city of london. Im anna edwards. We have a host of earnings. Manus is on location. He will be with us later. Firstly, from philip, this Dutch Company increasingly medical business, the maker of medical scanners and diagnostic giving us at their numbers. There up 4. 4 . Second quarter revenue, 4. 3 billion euros. 6. 14, only three estimates involved in that number. We will delve into the details there. 439 Million Euros. That company has been on a takeover streak come making numerous acquisitions including in the u. S. Where it bought a maker of devices to treat cardiac diseases. They still own 40 stake in phillips lighting although that is part of the old phillips visit, if youd like. They have been moving away from that area. They have been moving into the growing Health Care Technology business. The outlook is what investors wanted to know. Are they going to keep their outlook two raise our ability. To raise probability. We will put all of those questions, includi
We will bring you our exclusive interview. You are very welcome. It is daybreak europe. It goes red on your bloomberg. 519 million euros. Actual were hoping to deal with that. The earnings before tax 232 million euros. Target for both sales and earnings, what are the earnings . Lines. Re the top we have achieved the minimum levels necessary to cover the cost of capital. Company sees a turnaround in its Industrial Solutions business. Just looking for one or two rises but that is rising. Deco, have a look at a one of the worlds biggest employers, temporary and fulltime. Theyre telling us the top line number, delivering first off revenue of 11. 7 billion swiss francs. Thats for the first half of this year. Net income for the second quarter, 192 million. Looking at a net income of 192 million. We willled in talk to all of these companies, will be joined by the ceo of forco in a few moments time his first interview of the day. A little bit of risk for you, the risk radar. Some recovery, fai
Know a thing about the way globalization really works. Country backcountry, deal by like i wish it was all free trade and all that other stuff. Thats not where we are. Manus and china kicks off the year on a robust note. The dollar rebounds as with potentialal trump trade tensions. His bloomberg daybreak europe, show. Ag shy flagship anna him these in the house of commons behind me set late into the night yesterday just to give the mps time to have their say, to say their piece, what they thought about the brexit vote. This is all because theresa may has been forced by the Supreme Court to bring the brexit vote into the houses of parliament. The vote will take place later today after 6 00 this evening. Thats just one of the many stages the bill will have to go through. Next week they will continue the conversation but the debate continues before then this afternoon. There will be more outpourings of emotion over brexit. We have breaking news, fullyear net profit comes in at 619 million