ZURICH (Reuters) -Siemens reported better than expected profit for its latest quarter on Thursday, despite continued struggles at its factory automation business. The German company saw a significant decline at its factory automation business - which makes industrial software and control systems - in the three months to the end of December, with revenues lower in all regions apart from...

FRANKFURT (Reuters) - Commerzbank said on Thursday it would cut 3,900 jobs and unveiled more ambitious financial targets as part of a strategy revamp designed to head off UniCredit's advances for a tie-up between the German and Italian lenders. The following are key elements of the strategy review: * To cut 3,900 jobs, mainly in Germany and expected to takeplace...

LONDON, Feb 13 (Reuters) - Nestle posted a slightly better-than-expected annual sales growth on Thursday, as the world's biggest packaged food company raised prices for its coffees, chocolates and pet food. Nestle maintained its organic sales outlook for 2025 and forecast stronger annual growth from its 2024 levels. Organic sales, which exclude the impact of currency movements and acquisitions, rose...

(Reuters) - French electrical and digital infrastructure group Legrand does not see U.S. tariffs as a strategic issue and expects the financial impact of the 10% U.S. tariff on Chinese imports to be around $30 million, CEO Benoît Coquart told Reuters. The company has factored the tariffs into its 2025 guidance and said any further increases would add to its...