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Exor NV
Exor’s €2.6bn Philips stake furthers Agnelli family healthcare push, says scion
...John Elkann, scion of Italy’s Agnelli dynasty, has said its €2.6bn investment in Dutch conglomerate Philips was part of a natural evolution for family holding company Exor as it focuses investments on the...
August 28, 2023
Royal Philips NV
Philips halts sleep apnoea device sales in US after FDA deal
...Philips shares fell 7 per cent on Monday morning, and are about 60 per cent off their 2021 highs....
January 29, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
LexRoyal Philips NV
Philips: suspect device prompts night terrors for investors Premium content
...Dutch medical equipment group Philips hardly qualifies. Devices to manage sleep disorders are giving its shareholders nightmares....
November 29, 2023
Royal Philips NV
US regulator questions adequacy of testing on Philips’ sleep apnoea recall
...Because some devices are no longer in use, Philips expects its programme to target up to 5.6mn machines....
October 6, 2023
Royal Philips NV
Billionaire Agnelli family takes 15% stake in Philips
...Jakobs said Philips was capitalising on demand from a healthcare sector under strain from a shortage of workers....
August 14, 2023
Exor NV
The 20-year inheritance feud dividing the Fiat dynasty
...in the world and which is now part of global car group Stellantis, Exor holds major stakes in businesses from luxury car manufacturer Ferrari and Juventus Football Club to Dutch medical equipment maker Philips...
March 3, 2024
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
LexExor NV
Agnellis/Philips: Exor scans horizon, shuns opportunity close to home Premium content
...Please tell us what you think of Exor’s investment in Philips in the comments section below....
August 14, 2023
Royal Philips NV
Philips expects $600mn in litigation costs over faulty medical devices
...Royal Philips is anticipating more than $600mn of legal costs in the US arising from millions of potentially faulty medical devices....
April 24, 2023
Domino's Pizza Inc
Domino’s Pizza leaves Russia after sale efforts fail
...Companies still present in Russia include Italy’s UniCredit, Austria’s Raiffeisen, Switzerland’s Nestlé, the UK’s Unilever and the US’s Philip Morris International and PepsiCo....
August 21, 2023
Netherlands
Made in Eindhoven: the small Dutch city that became a tech powerhouse
...Signify, the former Philips lighting division, chipmaker NXP and truckmaker DAF are also innovators based in Eindhoven....
February 13, 2023
The Big Read
The big question of how small chips can get
...Spun out of Philips in the 1980s, ASML started its operations in a portacabin in the car park of its parent company’s site in Eindhoven, a small city of less than 300,000 residents....
June 1, 2023
Royal Philips NV
Philips to cut 4,000 jobs worldwide after hit from legal action
...“These initial actions are needed to start turning the company around in order to realise Philips’ profitable growth potential.”...
October 24, 2022
LexRoyal Philips NV
Philips: sleep devices could mean costly problems lie ahead Premium content
...Philips decided to recall its devices, worn over the face, in April 2021 in the US after years of complaints there. In November the US Food and Drug Administration issued a report blaming Philips....
September 12, 2022
Royal Philips NV
Philips chief exits in wake of fallout from medical device recall
...Jakobs joined Philips in 2010 and has held various positions, starting as chief marketing and strategy officer for Philips Lighting....
August 16, 2022
Royal Philips NV
Philips blames China and supply logjams for latest guidance cut
...Monday’s guidance cuts follow a profit warning by Philips in January....
July 25, 2022
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
The Week Ahead
Check-up on China’s economy
...March US, Federal Reserve releases its Beige Book UK Consumer Price Index (CPI) data for March UK, house price index update for March Results: Tesla Q1, IBM Q1, Morgan Stanley Q1, Equifax Q1, Heineken NV...
April 16, 2023
Royal Philips NV
Philips shares slide after profit warning and recall extension
...In December, Philips said tests found long-term health consequences were “not typically anticipated”....
January 12, 2022
Equities
Euronext rejects calls to shorten trading day across its exchanges
Group’s CEO notes lack of consensus among users on curbing hours
July 30, 2020
Merryn Somerset Webb
An energy shock and high inflation: are the 1970s reborn?
One thing is for sure. We won’t be going back to the 2010s
March 11, 2022
Royal Philips NV
Philips’ chief defends faulty component used in 10m products
...Philips said it was “unable to reliably estimate” any legal liabilities....
October 18, 2021
Clearing & Settlement
Euronext breaks LSE deal to move clearing functions to Italy
Exchanges group activates break clause 6 years early as it tilts operations away from London
November 8, 2021
News in-depthEuronext NV
Stéphane Boujnah: the dealmaker bent on building an EU capital markets empire
Euronext has set out plans to break the mould with its €4.4bn purchase of Borsa Italiana following deals in Dublin and Oslo
November 12, 2021
News in-depthRoyal Philips NV
Philips device recall leaves sleep apnoea sufferers in distress
...Frans van Houten, chief executive of Philips, has downplayed the litigation risks....
August 27, 2021
Royal Philips NV
Philips’ chief plays down litigation risk over faulty component
...Philips bought two companies called BioTelemetry and Capsule Technologies for approximately €3bn in the first quarter to help it expand in medical tech....
July 26, 2021
BT Group Plc
Patrick Drahi’s Altice raises stake in BT to 18%
...Under chief executive Philip Jansen, who joined in 2019, it has pinned its strategy on a £15bn fibre investment plan, which is supported by Drahi, and an overhaul of its business to save £2bn of annual costs...
December 14, 2021

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