Mondi Sees Underlying Performance for Year ‘Modestly Below Market Expectations’ Amid Currency Headwinds

Mondi Sees Underlying Performance for Year ‘Modestly Below Market Expectations’ Amid Currency Headwinds

Paper and packaging company Mondi (MNDI.L) said that it expects underlying performance for the year to be modestly below market expectations as it said cost pressures and continuing negative currency impacts would impact. The company, which had revenues of 6.7 billion euros ($7.91 billion) in 2016 and employs more than 25,000 people worldwide, posted underlying operating profit of 245 million euros for the third quarter, up 8% from the corresponding […]

Read More ˃
HP’s Analyst Day Expected by BMO to Include Fiscal 2018 Outlook

HP’s Analyst Day Expected by BMO to Include Fiscal 2018 Outlook

HP’s (HPQ) analyst day set for Thursday is expected to include a financial outlook from the maker of personal computers and other devices for its fiscal 2018 in addition to presentations from senior management, BMO Capital Markets said to clients in a note. The expected outlook comes at a time when HP’s printing business has been slowly recovering while it has been taking share in the overall PC market, with […]

Read More ˃
Lattice Semiconductor Sees Q3, Q4, And FY Revenue Short Of Analyst Expectations

Lattice Semiconductor Sees Q3, Q4, And FY Revenue Short Of Analyst Expectations

Lattice Semiconductor (LSCC) said Thursday that it expects Q3 revenue between approximately $91 million to $93 million, short of the estimate of $94.1 million from analysts polled by Capital IQ. The company sees Q4 revenue between approximately $92 million and $97 million, also missing the Street projection of $98.9 million and FY revenue of approximately $383 million to $388 million, shy of the Street expectation of $391.5 million For 2018 […]

Read More ˃
Sanofi to Inject $202m into Expanding French Production Facility to Increase Supply of Key Flu Vaccine

Sanofi to Inject $202m into Expanding French Production Facility to Increase Supply of Key Flu Vaccine

French health care company Sanofi (SNY) said on Thursday that it will invest 170 million euros ($201.6 million) into expanding its vaccine manufacturing site in the Normandy region of France as it seeks to ramp up the supply of one of its key flu vaccines. The new facility, located in Val de Reuill, will allow Sanofi Pasteur, the global vaccines business unit of Sanofi, to expand supply of its four-strain […]

Read More ˃
Aviva Buys Majority Stake in Investment Service Wealthify to Attract Millenials

Aviva Buys Majority Stake in Investment Service Wealthify to Attract Millenials

Aviva (AV.L), a UK-based insurer and financial service provider, bought a majority stake in investment service startup Wealthify, which lets people make low-cost investments online. The purchase price for the transaction, which is subject to regulatory approval, wasn’t disclosed. The acquisition is part of Aviva’s digital strategy of partnering with leading digital businesses, allowing its customers to benefit from new technology, it said on Thursday. Aviva is making the investment […]

Read More ˃