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...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...
...But the group’s move from electronics to healthcare has placed it right in the middle of a secular growth trend. Ageing populations require better diagnostics and treatment....
...Shares in Philips, which has transformed itself from a consumer electronics conglomerate to a medical technology business over the past decade, rose as much as 37 per cent to €27.05 in early trading....
...Philips shares fell 7 per cent on Monday morning, and are about 60 per cent off their 2021 highs....
...Dutch medical equipment group Philips hardly qualifies. Devices to manage sleep disorders are giving its shareholders nightmares....
...Italy’s billionaire Agnelli family has acquired a 15 per cent stake in Dutch conglomerate Philips in a roughly €2.6bn transaction, backing the group’s effort to shift away from consumer electronics to healthcare...
...Because some devices are no longer in use, Philips expects its programme to target up to 5.6mn machines....
...Royal Philips is anticipating more than $600mn of legal costs in the US arising from millions of potentially faulty medical devices....
...Speakers include Fed board vice-chair Philip Jefferson Brazil: Banco Central do Brasil Monetary Policy Committee (Copom) rate-setting decision announced Germany: March industrial production Results: Ahold...
...Bank vice-president Luis de Guindos speaking at the Investment Outlook conference, organised by Citi Private Bank, in Madrid UK: Zoopla House Price index, plus ICAEW Business Confidence Monitor Results: Philips...
...But it has two uniquely Dutch ingredients: the polder model of government, which brings politicians, companies and unions together to find joint solutions; and Philips, the electronics conglomerate that...
...Dutch health technology company Royal Philips plans to cut about 4,000 jobs, as its new head begins an overhaul of the business that has been hit by legal action surrounding millions of faulty medical devices...
...How does that track with her role as associate artist of the Royal Albert Hall, opening for the 2019 Baftas and playing for electronic musician Bonobo?...
...Dutch company Philips had a lightbulb moment years ago when it decided to move away from consumer electronics towards pricier medical devices. Until recently the move worked a treat....
...Royal Philips said the main priorities for its new chief executive include deepening “the quality and patient safety capability across the company”....
...The painter Philip Guston once said: “I paint what I want to see”. In my case, I compose the music I want to hear....
...Shares in Royal Philips fell more than 10 per cent after the health technology company cut its guidance for the second time this year, pinning the blame on coronavirus pandemic lockdowns in China....
...If you can’t make the Royal Albert Hall, this year there are events in location as varied as Great Yarmouth, Derry, Aberystwyth and Dewsbury....
...In December, Philips said tests found long-term health consequences were “not typically anticipated”....
One thing is for sure. We won’t be going back to the 2010s
...The likes of Philip Morris, British American Tobacco and Japan Tobacco International all have their own vaping brands, with names such as Veev and Vuse....
...Philips said it was “unable to reliably estimate” any legal liabilities....
...The head of Royal Philips has played down the litigation risk over the discovery of a defective component in some of the medical technology company’s sleep and respiratory devices....
...To assist his breathing while sleeping, he has used a Royal Philips respiratory device that in June was subject to a vast recall after the Dutch manufacturer detected a faulty component....
...Where Tolkien’s chosen king, Aragorn, marked for greatness because of his unsullied royal blood, is wise, strong and merciful, Martin’s Targaryens are likewise pure of blood — but as a result are inbred...
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