Philips will move much of its Glemsford, Suffolk-based production plant to Drachten in the Netherlands. Photograph: Balint Porneczi/Bloomberg

Philips said it will shutter a baby products factory in the UK, after concerns over the nation’s exit from the European Union intensified this week. (...)

Shares in Philips, which had already slid 8 percent since early October, dropped another 6.3 per cent to €32.55 in early trade, hitting their lowest since early April.

Dutch healthcare technology company Philips missed estimates for core profit in the third quarter on Monday, sending its shares to their lowest in mor(...)

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Philips is worried about rising trade tensions between the US and China, said the Dutch health-technology company that is banking on continuing Chines(...)

Philips  spun off its lighting division last year to focus on medical devices and healthcare products. Photograph: Getty Images

Dutch health technology company Philips said it expects sales growth to accelerate over the remainder of the year after US orders jumped 9 per cent in(...)

Royal Philips chief executive Frans van Houten: healthcare is Philips’s largest business and accounted for 45 per cent of revenue last year. Photograph: Jasper Juinen/Bloomberg

Royal Philips, the Dutch maker of healthcare equipment, is looking at billion-dollar-plus acquisitions in the coming months following a spinoff of its(...)

Philips is separating its lighting business to allow it to focus on the healthcare market, with medical equipment such as scanners, and consumer goods such as shavers and toothbrushes. Photograph: Toussaint Kluiters/Reuters

Philips is seeking to raise as much as €970 million from the initial public offering of a 25 per cent stake in its lighting unit in Amsterdam after a (...)

Strong orders for its healthcare business helped to boost shares in Dutch firm Philips. The company is seeking to focus on scanners and medical tech(...)

American hedge fund billionaire Stanley “Stan” Druckenmiller: Through his investment vehicle Duquesne, he has invested some $324 million in gold via an exchange traded fund. Photograph: Scott Olson/Getty Images
Planet Business

The numbers 4 :   Number of times that lightning struck a Google data centre in Belgium, according to the company, resulting in the p(...)

A stack of Philips DVD recorders are displayed in a household items store in Utrecht. Philips said it expects a modest increase in sales this year

Philips reported higher quarterly medical equipment sales and improved margins in its consumer and lighting businesses on Monday but cautioned that gr(...)

Philips is forecasting a “modest” increase in comparable sales for the full year 2015.

Philips, the lighting, consumer and healthcare products company, said on Tuesday its comparable sales rose 2 per cent to €5.3 billion in the first qu(...)

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