Philips recalled the breathing devices because of a foam part that might degrade and become toxic, potentially causing cancer. Photograph: iStock

Dutch health technology company Philips on Monday beat analysts’ expectations with a jump in second-quarter core earnings to €532 million, boosted by (...)

Philips was one of several firms contracted by the US to supply 187,000 ventilators to the strategic national stockpile to treat patients affected by Covid-19. Photograph: Getty

Philips said the US Department of Health had cancelled most of an order for 43,000 ventilators, leading the Dutch medical equipment maker to cut its 2(...)

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(...)

File photograph

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(...)

  • 1
  • 2
  • 3
  • Next
  • Last »