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☆ Novartis lifts sales growth target to 5% per year through 2027
▼ + stars: | 2023-11-28 | by ( Ludwig Burger | ) www.reuters.com time to read: +1 min

The logo of Swiss drugmaker Novartis is pictured at the company's French headquarters in Rueil-Malmaison near Paris, France, April 22, 2020. REUTERS/Charles Platiau/File Photo Acquire Licensing RightsCompanies Novartis AG FollowSandoz GmbH FollowFRANKFURT, Nov 28 (Reuters) - Novartis (NOVN.S) has dialled up its sales growth target to 5% per year until 2027, citing demand for innovative drugs after it sold off its generic-drugs business. The medium-term target, which excludes any foreign exchange effects, is mainly driven by six drugs, led by Kisqali, it said in a presentation on Tuesday. The sales forecast, up from a previous revenue growth target of 4% through 2027, is also underpinned by demand for Pluvicto, a precision radiotherapy against prostate cancer, and self-administered multiple sclerosis (MS) shot Kesimpta. Reporting by Ludwig Burger; Editing by Miranda Murray and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Charles Platiau, Kisqali, Vas, Kesimpta, drugmaker, Sandoz, Ludwig Burger, Miranda Murray, Miral Organizations: Swiss, Novartis, REUTERS, Companies Novartis, Sandoz, FRANKFURT, Thomson Locations: Rueil, Malmaison, Paris, France, Basel, Swiss

☆ Vinci upgrades free cash flow target as order book hits record high
▼ + stars: | 2023-10-26 | by ( Victor Goury-Laffont | ) www.reuters.com time to read: +2 min

REUTERS/Charles Platiau/File Photo Acquire Licensing RightsOct 26 (Reuters) - French infrastructure group Vinci (SGEF.PA) upgraded its full-year free cash flow guidance, pointing to a high level of liquidity, a year-on-year decline in financial debt and a record high order book. The company now expects free cash flow of at least 4.5 billion euros ($4.74 billion) for 2023, against a previous estimate of between 4 billion and 4.5 billion euros. Vinci's order book reached 63.3 billion euros at Sept. 30, a record high level according to the company. The group's net financial debt stood at 18.6 billion euros at the end of the nine-month period, down from 20.1 billion euros a year ago. The number of travellers at Vinci Airports, remained 9.1% below pre-pandemic levels in the first-half of the year and 2.8% under in the third quarter.

Persons: Charles Platiau, Grégoire Thibault, Bruno Le Maire, Vinci, Victor Goury, Chris Reese, Sharon Singleton Organizations: REUTERS, Vinci, Lyon, Saint, Exupéry, French Finance, Gatwick, Vinci Airports, Thomson Locations: Rueil, Malmaison, Paris, France, Vinci

☆ Iconic All Blacks prepare to exit stage left but no time for sentiment
▼ + stars: | 2023-10-26 | by ( Mark Gleeson | ) www.reuters.com time to read: +2 min

“We know that it’s the last game for some pretty iconic players but, quite frankly, we don't really want to talk too much about that. He was overlooked for selection for a second successive week with Foster picking Samisoni Taukei’aho as back up hooker instead. Telling Coles he would not get another chance to play for the All Blacks was hard for the coach. For Retallick, who has 108 caps, the chance to end his All Blacks career in a World Cup final was the ultimate. "You can’t put into words what it’s like being in World Cup final.

Persons: Ian Foster, Dane Coles, Brodie Retallick, Aaron Smith, Sam Whitelock, ” Retallick, Smith, Whitelock, Coles, Foster, Samisoni Taukei’aho, ”, “, “ He’s, He's, ” Foster, Scott Robertson, “ I’ve, Mark Gleeson, Ken Ferris Organizations: Rugby, Blacks, Stade de France, All Blacks, Thomson Locations: MALMAISON, France, New Zealand, South Africa, Japan, Pau

☆ All Blacks tweak team with one change for World Cup final
▼ + stars: | 2023-10-26 | by ( Mark Gleeson | ) www.reuters.com time to read: +3 min

All Blacks coach Ian Foster changed his lock combination again with Brodie Retallick restored to the lineup and Sam Whitelock returning to the list of replacements in the only change to the starting team. New Zealand believe the 35-year-old Whitelock, playing his third World Cup final, is most effective coming off the bench, and could bring an injection of energy at a time when South Africa are refreshing their forwards. Six of New Zealand's matchday squad for the game are previous World Cup winners and the 23-man team has a collective total of 1,387 caps, making it the most experienced All Blacks squad for any of their record five World Cup finals appearances. "We've woken up this week to find ourselves in a World Cup final and we've worked to deal with all the distractions. They (South Africa) are great at their style, we want to be great at ours," added Foster.

Persons: Zealand's Brodie Retallick, Paul Childs, Ian Foster, Brodie Retallick, Sam Whitelock, Whitelock, Retallick, Scott Barrett, Barrett, Nepo Lualua, Fletcher Newell, Foster, Sam Cane, We've, we've, Beauden Barrett, Will Jordan, Rieko Ioane, Jordie Barrett, Mark Telea, Richie Mo’unga, Aaron Smith, Shannon Frizell, Tyrel Lomax, Codie Taylor, Ethan de Groot, Samisoni Taukei’aho, Tamaiti Williams, Nepo Laulala, Dalton Papalii, Finlay Christie, Damian McKenzie, Anton Lienert, Mark Gleeson, Ken Ferris Organizations: Rugby Union, Rugby, Groupama, REUTERS, Blacks, Kiwis, Saturday’s Rugby, South, Springboks, Ireland, Argentina, New, Foster . New Zealand, Brown, Thomson Locations: Zealand, Italy, Lyon, France, South Africa, MALMAISON, Foster . New

☆ Danone to withdraw from Russia with €1 bln write-off
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +1 min

French food group Danone logo is seen at the company headquarters in Rueil-Malmaison near Paris, France, February 20, 2022. REUTERS/Gonzalo FuentesPARIS, Oct 14 (Reuters) - French food company Danone (DANO.PA) said on Friday it would shed its dairy food business in Russia in a deal that could lead to a write-off of up to 1 billion euro ($978 million), the latest costly exit from the country by a global company. "This is the best option to ensure long-term local business continuity", Danone said in a statement, adding the Russian unit accounted for roughly 5% of the group's net sales in the first nine months of the year. Shortly after Russia's invasion of Ukraine in February, Danone had said that all options regarding its local business were on the table. read more($1 = 1.0224 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Tassilo Hummel; Editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

☆ Two Aveva shareholders plan to oppose Schneider takeover offer
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of Scheider Electrics is pictured at the company's headquarters in Rueil-Malmaison near Paris, France, April 22, 2020. REUTERS/Charles PlatiauSept 23 (Reuters) - Canada-based Mawer Investment Management and M&G Investments, shareholders in Aveva Plc (AVV.L), intend to reject Schneider Electric's (SCHN.PA) 9.5 billion pounds ($10.37 billion) takeover offer, calling the offer "opportunistic". Register now for FREE unlimited access to Reuters.com RegisterEarlier in the day, the Financial Times reported Mawer's plan to reject the offer. The statement resonates with another investor in Aveva, M&G Investments. "M&G is materially underwhelmed with the opportunistic 31-pound offer from Schneider for the remainder of Aveva, and we're disappointed that the Aveva board has recommended the bid to shareholders," Rory Alexander, fund manager, M&G Investments, said.

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