Fresenius ‘Taskforce’ fee fee was decided to deal with Trump’s uncertainty, CEO says
German healthcare Fresenius Said Tuesday that she has installed her first “fee fee” fees to manage uncertainty about US President Donald Trump’s proposed import accusations.
CEO Helen Giza told CNBC that her business was somewhat isolated from possible trade taxes, with some US -based products. However, she noted that tariffs on EU imports could hit items such as her dialysis machines and consumer products.
“It is clear that we are seeing what happens to fees in Europe and what happens to the fees [on] Medical equipment, ”she said.
“The escalation and speed of this with executive orders is something we collected very quickly,” Giza added. She noted that the Taskforce had an expanded task for the company’s regular trade team and was trying to understand the tax implications and “what might be possible scenarios”.
– Karen Gilchrist
German economy shrunk 0.2% in the last quarter of 2024
Germany’s economy contracted 0.2% the quarter of the quarter in the last three months of 2024, the Federal Office of the country said on Tuesday, confirming a preliminary reading at the end of January.
The performance of the fourth quarter followed the quarter growth of 0.1% during the July-September extension.
Officials cited a significant decline in export and a steady decline in production of production between the head facing the German economy at the end of last year.
– Chloe Taylor
Director General of Unilever Schumacher to go down
Ben & Jerry ice cream tubes in a store refrigerator.
Bloomberg | Bloomberg | Getty Images
Unilateral CEO Hein Schumacher is withdrawing less than two years after work, the company said on Tuesday, with CFO Fernando Fernandez set to take its place leading the company.
Schumacher – who received the victory in July 2023 and was in charge of running the consumer goods giant – will stay down as CEO and board director in March and will leave the company on May 31. Its departure is taking place by mutual agreement, the consumer goods firm said.
The new role of Fernandez will take effect March 1.
Unilever said there was no change in its 2025 perspective or the company’s mid -term guidance after this notice.
“On behalf of the Board, I would like to thank Hein for the restoration of the UNILEVER strategy, for the focus and discipline he brought to the company and for the strong financial progress given during 2024,” said UNILEVER IAN MEAKINS leader in a statement.
“While the Board is pleased with Unilever’s performance in 2024, there is much more to deliver better results in the classroom. Working with Fernando closely over the past 14 months, the board is very confident in its ability to Guided a high performance management team, realize the benefits of the gap [Growth Action Plan] Urgently and submit the value of the shareholder seeking the company’s potential, “Meakins added.
SRINIVAS PHATAK, Deputy CFO Current and Group I controller will receive temporary CFOs. An internal and external search is now being initiated to fulfill the role forever, the company added.
– Karen Gilchrist
Markets facilitated by the outcome of the German election but the main industries remain united in uncertainty
Frankfurt’s Dax Index won 0.6% on Monday, exceeding a flat loss in the UK FTSE 100 and 0.78% for CAC 40 of France, while the highest euro nudged to the US dollar and British and German borrowing costs were little changed.
Germany’s elections held a victory for the Conservative Alliance of the Christian Democratic Union (CDU) and the Christian Social Union (CSU). This has set up CDU-Csu candidate, Friedrich Merz-a center-right politician, pro-business, who serves on the boards of EY Germany and Deutsche Börsse-almost safe to take over as the other chancellor.
There are some uncertainties, however, with a period of coalition talks before and a future in which you will need the support of smaller parties to approve promised policies, including the reform of the “debt brake” rule of Germany .
Read the full story here.
– Jenni Reid
European Markets: Here are the opening calls
European markets are expected to open on mixed territory on Tuesday.
Great Britain Ftse 100 The index is expected to open unchanged at 8,637, Germany Dax down 29 points on 22.381, France’s Cac 2 lower points in 8,084 and Italy Ftse mib 27 points higher at 38,542, according to data from IG.
Profits come from Fresenius Medical Care, Smith & Nephew, Heidelberg Material and Alcon. At the front of the data, the latest data of the fourth German gross domestic production will be issued.
– Holly Ellyatt