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☆ Barclays banker fired over sexual harassment loses $770,000 case
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 27 (Reuters) - A former Barclays (BARC.L) director who was fired for sexual harassment has lost an employment lawsuit against the British bank in which he sought nearly 600,000 pounds ($770,000) in compensation, a London tribunal announced on Thursday. He argued at the East London Employment Tribunal in March that female colleagues fabricated allegations against him and that his dismissal was unfair. But his complaints of unfair dismissal, breach of contract and sex discrimination were rejected on July 10, according to a summary of the tribunal's findings published on Thursday. Barclays and Record's lawyer did not immediately respond to a request for comment. But Barclays said Record's dismissal was fair based on disciplinary findings including "unwelcome physical contact with a female colleague" and sexual harassment, filings showed.

Persons: Robert Record, Sam Tobin, Kirstin Ridley, Tomasz Janowski Organizations: Barclays, East, Employment, Thomson Locations: London

☆ Banks to fuel boom in UK Plc regular dividend payouts
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

The estimate from financial services company Computershare is 2.7 billion pounds higher than its April forecast and reflects improved profit prospects across the rate-sensitive industry. Computershare's latest quarterly Dividend Monitor showed bank payouts rose 61% on an underlying basis to around 7.8 billion pounds in the second quarter. The sector is set to raise headline payouts by over 3 billion pounds this year. That estimate is 1 billion pounds more than what it forecast three months ago. In the second quarter, UK dividends rose 3.5% on an underlying basis, but fell 9% to 32.8 billion pounds on a headline basis, it said.

Persons: Computershare, Rio, Danilo Masoni, Amanda Cooper, David Evans Organizations: MILAN, HSBC, Bank of England, Rio Tinto, Tobacco, Thomson

☆ UK university marking strike leaves thousands of students stuck in limbo
▼ + stars: | 2023-07-27 | by ( Kylie Maclellan | ) www.reuters.com time to read: +6 min

A spokesperson for Britain's Home Office said international students without results can request a letter of confirmation from their sponsor or return to their home country and apply for another student visa. The University of Edinburgh said 27% of final year students had not received their degree at the time of graduation. International students pay much more, providing a vital source of income. Research published by Universities UK International in May found the 2021/22 intake of international students contributed 41.9 billion pounds to the UK economy. "Every year, universities in the UK are depending more and more on the finances of international students," said Hendricks.

Persons: Maja Smiejkowska, Amelia Dias, Dias, Anna Hendricks, Ailsa Watt, Watt, Gillian Keegan, Hendricks, Kylie MacLellan, Jan Harvey Organizations: London College of Communication, University of the Arts London, REUTERS, University of Edinburgh, Colleges Employers Association, University and College Union, National Union of Students, University of Cambridge, University, Scottish, International, British Council, Times Higher, Higher Education Statistics Agency, Universities UK International, Thomson Locations: London, Britain, Edinburgh, British, Florida, Spanish, Shanghai

☆ Estate agent Foxtons says London renters keen on home purchases as rents soar
▼ + stars: | 2023-07-27 | by ( Ajose Koilparambil | ) www.reuters.com time to read: +2 min

Foxtons CEO Guy Gittins told Reuters that there is an extreme imbalance between supply and demand in the rental market, driving up prices. The number of lettings applicants registering with the company has surged 172% currently compared to pre-pandemic 2019. Foxtons said it expects the wider home sales market to remain challenging as high mortgage costs and tight credit conditions make home purchases less affordable. The company posted a 10% jump in half-year adjusted operating profit at 6.8 million pounds ($8.8 million), mainly on strength of its prime lettings business. The group's revenue from continuing operations grew 9% to about 71 million pounds, while revenue from the lettings division jumped 26%.

Persons: Guy Gittins, Gittins, Foxtons, Aby Jose Koilparambil, Eileen Soreng Organizations: HY, Reuters, Thomson Locations: London's, London, Bengaluru

☆ Sabadell doubles Q2 net profit, lifts guidance for 2023
▼ + stars: | 2023-07-27 | by ( Jesús Aguado | ) www.reuters.com time to read: +3 min

Spain's fourth-largest bank by market value reported a net profit of 359 million euros ($398 million) for April-June, compared with 179 million euros in the same period last year. Analysts polled by Reuters had expected a net profit of 287 million euros. TSB's net interest income (NII) - earnings on loans minus deposit costs - grew 9.7% year-on-year in the quarter. Sabadell's NII in the quarter rose 30% year-on-year to 1.17 billion euros. Domestic rival Unicaja (UNI.MC) said its net profit rose by around 6% year-on-year in the second quarter, also supported by higher financial margins.

Persons: Spain's, Leopoldo Alvear, Alvear, Sabadell's, Unicaja, Jesús Aguado, Emma Pinedo, Miral Fahmy, Mark Potter, Susan Fenton Organizations: Bank, Sabadell, Reuters, British, TSB, Barclays, Thomson Locations: MADRID, Sabadell, Spain

☆ Billionaire investor Leon Black is accused of raping teen in Jeffrey Epstein’s NY townhouse
▼ + stars: | 2023-07-27 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —A woman is suing the billionaire investor Leon Black, accusing him of raping her at Jeffrey Epstein’s Manhattan townhouse when she was 16 years old. The lawsuit describes in gruesome detail the woman’s account of a sexual assault that left her bleeding and sobbing. A spokesman for Black, Whit Clay, echoed Estrich’s denial, saying the law firm “has an agenda” and that its credibility has been impugned by the dismissal of the previous suit. An internal Apollo investigation that documented his $158 million payment to Epstein found no wrongdoing. The latest suit is the third to publicly accuse Black of rape.

Persons: New York CNN —, Leon Black, Jeffrey, Jane Doe, ”, Black, Susan Estrich, ” Estrich, Whit Clay, “, Jeanne M, Christensen, ” Black, Epstein, Cheri Pierson, ” Epstein, Jeffrey Epstein, Ghislaine Maxwell, Sen, Ron Wyden, ” Black’s, Doe, — CNN’s Elisabeth Buchwald, Ramishah Maruf Organizations: New, New York CNN, Apollo Global Management, New York Times, Street, CNN, Finance Locations: New York, Manhattan, New York City

Djamani was sentenced to the mandatory death penalty in 2018 after being convicted of possessing 31 grams of heroin. Djamani is the first woman to be hanged in Singapore since hairdresser Yen May Woen, 36, in 2004, who was also convicted of drug trafficking. Criminal lawyer Joshua Tong said those convicted of drug trafficking were usually men, but he had seen “his fair share” of women drug offenders. We demand an immediate moratorium on the use of the death penalty,” the group wrote on X, formerly known as Twitter. The case put Singapore’s zero-tolerance drug laws back under scrutiny, with rights advocates arguing the mandatory death penalty for drug trafficking is an inhumane punishment.

Persons: Saridewi, Djamani, Yen, Woen, ”, Celia Ouellette, “, ” Adilur Rahman Khan, Chiara Sangiorgio, Joshua Tong, Tong, Mohd Aziz bin Hussain, Kirsten Han, “ TJC, Suppiah, Dharmalingam Organizations: CNN, Singapore, Central Narcotics Bureau, Business Initiative for Justice, International Federation for Human Rights, Ministry of Home Affairs, Twitter, United Nations Office, Drugs Locations: Changi, Singapore, “ Singapore, France, Asia, East, Southeast Asia

☆ Centrica hikes dividend as profits at British Gas soar
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: +2 min

Britain's Centrica announced bumper returns for shareholders on Thursday after its first-half profits surged on an almost ten-fold increase at its British Gas supply business. Centrica has doubled its support package for struggling customers to 100 million pounds ($130 million), it added. The British Gas Energy supply division posted adjusted profits of 969 million pounds versus 98 million a year earlier. The firm said it would invest 4 billion pounds by 2028 on security of supply, energy flexibility and renewable power. Overall, Centrica's adjusted operating profit for the first six months of 2023 rose to 2.08 billion pounds from 1.34 billion pounds a year earlier.

Persons: Britain's Centrica, Chris O'Shea, Centrica, O'Shea Organizations: British Gas, British Gas Energy, EDF's Locations: Ukraine

July 27 (Reuters) - British asset manager Schroders (SDR.L) reported a drop in first-half assets under management on Thursday, due to weaker investor sentiment and market volatility. Schroders' assets under management fell to 726.1 billion pounds ($940 billion) in the six months to June 30, from 737.5 billion pounds at December-end. The company generated 5.7 billion pounds in net new business, excluding joint ventures and associates. In contrast, Jupiter Fund Management (JUP.L) jumped 14% to the top of the FTSE mid-cap (.FTMC) after it reported assets under management rose 2% to 51.4 billion pounds. The fund manager saw "small" net inflows of 23 million pounds, helped by institutional client demand.

Persons: Schroders, Calastone, Peter Harrison, Jefferies, James's, Peel Hunt, Eva Mathews, Savio D'Souza, Sinead Cruise, Sharon Singleton Organizations: Reuters, Bank of England, JPMorgan, Jupiter Fund, Peel, Thomson Locations: British, Bengaluru

LONDON, July 27 (Reuters) - Barclays (BARC.L) warned on Thursday of growing pressure on its UK business and missed forecasts for its investment bank as a global corporate dealmaking slump persists, sending its shares down despite announcing a bigger share buyback. The British bank reported first-half pretax profit of 4.6 billion pounds ($6 billion), in line with the average analyst forecast of 4.5 billion pounds, and higher than the 3.7 billion pounds in the same period a year ago. The bank set aside 896 million pounds in the six-month period for potentially soured loans, more than double the 341 million pound charge the previous year. European rivals are also struggling, with Deutsche Bank reporting on Wednesday investment bank revenues would fall this year instead of staying flat. Several investors told Reuters this month they wanted the bank to prioritise returning more capital to shareholders instead of investing it, after the lender completed a 500 million pound buyback in April.

Persons: Jefferies, Goldman Sachs, Jeremy Barnum, Lawrence White, Iain Withers, Sinead Cruise, Mark Potter Organizations: Barclays, Banking, JPMorgan, United, Citigroup, Deutsche Bank, Thomson Locations: Britain, United States

☆ British asset manager St James's Place attracts $4.4 billion in first-half net inflows
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

LONDON, July 27 (Reuters) - British asset manager St James's Place (SJP.L) reported a fall in half-yearly profit after tax on Thursday but attracted 3.4 billion pounds ($4.40 billion) of net inflows in what the company called a "challenging period" for UK investors. Funds under management hit a record 157.5 billion pounds, up from 148.4 billion in December 2022. Profit after tax fell to 161.7 million, down from 208.2 million in the same period last year, and the interim dividend was 15.83 pence per share, representing 30% of the previous full-year dividend, the company said. "As we look ahead, there continue to be challenges for UK consumers," he said. ($1 = 0.7722 pounds)($1 = 0.7719 pounds)Reporting by Elizabeth Howcroft, editing by Sinead CruiseOur Standards: The Thomson Reuters Trust Principles.

Persons: St James's, Andrew Croft, Croft, Elizabeth Howcroft, Sinead Cruise Organizations: St, Funds, UK savers, Thomson Locations: British, U.S

☆ Insight: Wegovy weight-loss injection factory plagued by sterile-safety failures
▼ + stars: | 2023-07-27 | by ( Maggie Fick | ) www.reuters.com time to read: +10 min

Microbial contamination of drugs injected into the body, rather than swallowed, can be deadly, the people said - although the FDA inspectors didn't report any signs of this sort of contamination at the Brussels factory. In both visits, the FDA inspectors found Catalent staff had repeatedly failed to investigate why equipment was malfunctioning. BLINDSIDED BY BOOMING DEMANDWithin months of launching Wegovy, Novo Nordisk was overwhelmed by demand in America, and told shareholders that its initial supply would not keep pace. From December that year and throughout 2022, Novo repeatedly pushed out the timeline for when the supply constraints would end. In late December 2022, Novo announced all five dose strengths were available again in the United States.

Persons: Wegovy, Catalent, Eli Lilly, LLY.N, Susan Bain, Karsten Munk Knudsen, Ambre James, Brown, James, Knudsen didn't, Steven Lynn, Lynn, David Talmage, didn't, Novo, Maggie Fick, Vincent Flasseur, Michele Gershberg Organizations: U.S . Food, Drug Administration, Reuters, FDA, Novo Nordisk, University of Southern, Novo executives, Novo, U.S, Manufacturing, Parenteral Drug Association, Thomson Locations: U.S, Brussels, Danish, University of Southern California, Wegovy, Novo, America, United States

☆ Paris 2024 Olympic and Paralympic torch unveiled by designer Mathieu Lehanneur
▼ + stars: | 2023-07-26 | by ( Christy Choi | ) edition.cnn.com time to read: +3 min

CNN —Smooth, sleek and chic is the look for the next Olympic torch. “For Paris 2024, and for the first time in its history, (the torch) plays on perfect symmetry, speaking to us more clearly about equality,” he said in a statement. As simple as a hyphen and as fluid as a flame.”Chair of the Paris 2024 organizing committee Tony Estanguet (left) and designer Mathieu Lehanneur (right) pose with the latter's Olympic and Paralympic Torch. This is part of the organizing committee’s strategy to “build bridges between the Olympic and Paralympic Games,” Paris 2024’s president Tony Estanguet said in a statement. Mathieu Lehanneur holds aloft his design for the 2024 Paris Olympic and Paralympic Torch.

Persons: Mathieu Lehanneur, ”, “, Tony Estanguet, ’, Lehanneur, Louis Vuitton, Dior, Moët Hennessy Organizations: CNN, Games, Olympic, Paralympic Games, ”, Sydney Opera House, Museum of Modern Art, Pompidou Centre Paris, LVMH, Louis Locations: Paris, French, Russia, New York, Olympia, Greece, France

Shares in the British company jumped 24% to 190 pence, the highest level since the start of the pandemic in March 2020. The company said it now expected profit this year of between 1.2 billion and 1.4 billion pounds ($1.6-1.8 billion), up from its previous guidance of between 800 million and 1 billion pounds. The market had been forecasting 934 million pounds. Chief Executive Tufan Erginbilgic, who joined the company in January, said his turnaround had started well, with progress already evident across the company. ($1 = 0.7755 pounds)Reporting by Paul Sandle and Sarah Young Editing by Kate Holton and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Tufan Erginbilgic, Bernstein, Paul Sandle, Sarah Young, Kate Holton, Mark Potter Organizations: Royce, British, Airbus, Boeing, Thomson Locations: Ukraine

☆ Henderson bids farewell to Liverpool after 12 years
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

July 26 (Reuters) - Midfielder Jordan Henderson said farewell to Liverpool fans in a video posted on social media on Wednesday, confirming his departure from the club after 12 years ahead of a reported move to Saudi Arabia's Al-Ettifaq. The former Liverpool captain will join the Saudi Pro League after Al -Ettifaq paid a fee estimated at 13 million pounds ($16.77 million), according to reports. "It's hard to put these last 12 years into words and it's even harder to say goodbye," the 33-year-old wrote on his Instagram account. He also captained Liverpool to the FA Cup, League Cup, UEFA Super Cup and Club World Cup titles. Henderson will reunite at Al-Ettifaq with former Liverpool team mate Steven Gerrard, who was appointed as a coach on a three-year contract earlier this month.

Persons: Jordan Henderson, Saudi Arabia's, Ettifaq, You'll, Henderson, Juergen, Steven Gerrard, Janina Nuno Rios, Pritha Sarkar Organizations: Liverpool, Saudi Pro League, Al, Sunderland, England, Premier League, FA Cup, League Cup, UEFA, Thomson Locations: Saudi, Anfield, Mexico City

LONDON, July 26 (Reuters) - Lloyds Banking Group (LLOY.L) reported a higher charge for troubled loans and missed first-half profit expectations as Britain's economic chills weighed on its finances and upped pressure on management to do more to help struggling savers. Lloyds shares fell 5% in early trading against a flat FTSE 100 index (.FTSE). Lloyds shares fell 5% in early trading on Wednesday, against a flat FTSE 100 index (.FTSE). The bank said it expected this to fall more slowly than previously forecast, dipping to 3.10% this year instead of 3.05%. ($1 = 0.7754 pounds)Reporting by Iain Withers and Lawrence White; editing by Sinead Cruise and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Zoe Gillespie, we’ve, Fran Boait, Charlie Nunn, Nunn, Alison Rose, Nigel Farage, Coutts, Iain Withers, Lawrence White, Sinead Cruise, Jason Neely Organizations: Lloyds Banking Group, Lloyds, . Banking, JPMorgan, Bank of, RBC Brewin Dolphin, NatWest, Thomson

☆ Man City will fight Bayern to keep 'irreplaceable' Walker, says Guardiola
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

July 26 (Reuters) - Manchester City will fight to keep Kyle Walker as Bayern Munich circle to lure him away, the Premier League champions' manager Pep Guardiola said. England international Walker, who has a year left on his City contract, has been one of Guardiola's key players. "He's an incredibly important player for us... His specific qualities are irreplaceable," Guardiola told reporters before Wednesday's pre-season friendly between the two clubs. We will fight for him like I'm sure Bayern will... Asked if Walker would feature against German champions Bayern in Tokyo, Guardiola said: "We need our best players out there against Bayern and we hope he is going to stay with us next season, so why should he not play?"

Persons: Kyle Walker, Pep Guardiola, Walker, Guardiola, Wednesday's, Rohith Nair, John Stonestreet Organizations: Manchester City, Bayern, Premier League, England, City, German, Arsenal, Thomson Locations: Manchester, Bayern Munich, Tokyo, Bengaluru

GSK reckons the spin-off has allowed the company to sharpen its focus on vaccines and infectious diseases and with $7 billion generated by the Haleon spin-off, it can fund deals to bolster a lacklustre drug pipeline. The company also reported an adjusted profit of 38.8 pence per share for the quarter, on sales of about 7.18 billion pounds ($9.26 billion). Analysts were expecting a profit of 34.7 pence per share on sales of about 6.77 billion pounds, according to company-compiled consensus estimates. Sales of Shingrix, the company's top-selling drug, generated 880 million pounds, beating analyst estimates of 872 million pounds. Sales of HIV treatments generated 1.58 billion in the quarter, ahead of the company-compiled consensus of about 1.5 billion pounds in the quarter.

Persons: Zantac, Emma Walmsley, Walmsley, Markus Manns, Dani Saurymper, Maggie Fick, Radhika Anilkumar, Janane Venkatraman, Savio D'Souza, Josephine Mason Organizations: GSK, British, Analysts, U.S, Union Investment, Pacific Asset Management, Thomson Locations: London, Bengaluru

☆ 8 jobs that pay more than you think, including the Trader Joe's role that pays over $100,000 a year
▼ + stars: | 2023-07-26 | by ( Jenny Powers | ) www.businessinsider.com time to read: +8 min

The average salary in the US is $60,575, but you can make $125,000 managing a car wash at Buc-ee's. As of 2022, about 14,200 individuals were employed in this field and the mean annual salary was $70,290 , or an average of $33.79 an hour. According to recent information from Salary.com , bingo managers can earn between $51,965 and $112,599 a year, with a mean salary of $70,241. In 2022, the US Bureau of Labor Statistics listed the mean annual salary for truck drivers as $53,090, or $25.52 an hour. The mean annual salary is $81,530 , or $39.20 an hour, and 38,380 individuals were employed in this role in 2022, according to data from the US Bureau of Labor Statistics.

Persons: Joe's Topping, Joe's, there's Organizations: Service, Social Security Administration, US Bureau of Labor Statistics, Bureau of Labor Statistics, Walmart, Technologists Locations: Wall, Silicon, United States

☆ Aston Martin races past second quarter expectations
▼ + stars: | 2023-07-26 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +2 min

[1/2] FILE PHOTO-Employees work on a car at the Aston Martin factory in Gaydon, Britain, March 16, 2022. Aston Martin kept its 2023 forecast for volumes of about 7,000 vehicles and an adjusted core profit margin of about 20%. Aston Martin reported an adjusted operating loss of 38.9 million pounds ($50.2 million) and revenue of 381.5 million pounds in the quarter to June. Analysts on average had expected an adjusted operating loss of 51 million pounds on revenue of 344 million pounds, according to a company-compiled consensus. Aston Martin said it was also on track to meet its medium-term financial targets.

Persons: Aston Martin, Phil Noble, Amedeo Felisa, Felisa, JP Morgan, James Bond's, China's Geely, Yadarisa, Savio D'Souza, Mark Potter Organizations: Aston, REUTERS, HK, Lucid, Thomson Locations: Gaydon, Britain, Bengaluru

☆ Porsche's iconic 911 to be sole survivor of automaker's combustion models
▼ + stars: | 2023-07-26 | by ( Nick Carey | ) www.reuters.com time to read: +3 min

[1/3] FILE PHOTO-A Porsche 911 Carrera S is on display during the 75 years Porsche sports car exhibition "Driven by Dreams" in Berlin, Germany, January 25, 2023. The automaker will electrify its compact SUV Macan, followed by the 718 sports car and then the best-selling Cayenne, Porsche e-fuels team leader Karl Dums said. Porsche's EV plans and e-fuels investment are separate, he said. Major automakers will likely avoid new e-fuel models after 2035, having already committed $1.2 trillion to electrification. A host of smaller carmakers also want to sell luxury, high-performance e-fuel models to customers rich enough to afford the expensive fuel, which today can cost up to 10 pounds ($12.90) per liter.

Persons: Lisi Niesner, Karl Dums, Dums, Morgan, Massimo Fumarola, Fumarola, Mike Flewitt, Nick Carey, Paul Lienert, Victoria Waldersee, Giulio Piovaccari, Matthew Lewis Organizations: Carrera, Porsche, REUTERS, EU, HIF Global, Automotive, Ferrari, Morgan Motor, Briggs Automotive Company, Victoria, Thomson Locations: Berlin, Germany, Malvern , England, U.S, Liverpool, EVs, London, Detroit, Milan

☆ Rolls-Royce boss reaps benefits of setting bar low
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 26 (Reuters Breakingviews) - Six months after calling Rolls-Royce (RR.L) a “burning platform”, Chief Executive Tufan Erginbilgic is giving Britain’s flagship engineering group a high five. Shares spiked 20% as investors celebrated the possibility of free cash flow hitting 1 billion pounds in 2023, 37% above consensus. The company had nearly 3.3 billion pounds of net debt last year, and Barclays analysts are pencilling in an increase this year. Erginbilgic can safely argue that Rolls-Royce is no longer a burning platform, but until he closes that gap he can expect heat from investors. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Tufan Erginbilgic, Erginbilgic, France’s Safran, Pamela Barbaglia, Aimee Donnellan, Oliver Taslic Organizations: Reuters, Royce, Barclays, Electric, Twitter, Thales, Thomson

☆ The Whales Gathered in a Heart Shape. Experts Feared What Would Come Next.
▼ + stars: | 2023-07-26 | by ( Yan Zhuang | More About Yan Zhuang | ) www.nytimes.com time to read: +1 min

Even when whales are successfully returned to sea, they will often strand themselves again. By Wednesday, 52 of the whales had died, the authorities said. However, that afternoon, the whales re-stranded themselves further along the beach, the authorities said. The Australia Broadcasting Corporation reported that the whales had again formed a huddle before drifting back to shore. “Veterinarians will continue to assess the re-stranded whales and advise of the most appropriate course of action to ensure the most humane outcome for the whales,” the state’s department of conservation said in a statement.

Persons: Peter Hartley Organizations: The Australia Broadcasting Corporation Locations: Australia’s

Higher interest rates helped UniCredit (CRDI.MI) strongly beat earnings expectations in the second quarter. Germany's financial regulator BaFin has been calling on banks to raise the amount of money they set aside for bad loans. Deutsche Bank on Wednesday said provisions for bad loans nearly doubled in the second quarter from a year earlier to 401 million euros. Santander's financial chief said bad loans in Brazil may have already peaked. This sent the bank's shares up around 2% on Wednesday, with Jefferies saying that it sees upside potential to net interest income.

Persons: Ralph Orlowski, Lloyd's, Andrea Orcel, BaFin, James von Moltke, UniCredit, Jefferies, Tom Sims, Jane Merriman Organizations: Germany's Deutsche Bank, REUTERS, Deutsche Bank, Lloyds Banking Group, Lloyds, JPMorgan, Monetary Fund, European Central Bank, Union, Thomson Locations: Frankfurt, Germany, MILAN, MADRID, Europe, Spain, Santander, Brazil

☆ GSK chief says RSV vaccine will start off slower than shingles shot – but will drive future sales
▼ + stars: | 2023-07-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

GlaxoSmithKline CEO Emma Walmsley on Wednesday said she expects uptake for the company's new RSV vaccine to start off slower than it did for its blockbuster shingles shot. Last month, GSK's RSV shot became the first to win approval in the U.S. and European Union for the treatment of adults 60 and above. The company has not provided estimates for how much revenue the RSV shot will rake in this year following its launch. GSK's vaccine against shingles, a viral infection that causes a painful rash, is the company's top-selling drug. Investors are hoping that Shingrix and GSK's RSV shot will help offset patent expirations for some of the company's blockbuster HIV drugs in a few years.

Persons: Emma Walmsley, Walmsley Organizations: GSK, Union, U.S, European Union, Investors Locations: London, U.S, Japan, Canada

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